CHF/ZAR - 1H - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 15.0246 ZAR
My targets
15.1481 ZAR (+0.0723)
15.2284 ZAR (+0.1526)
My analysis
The bullish trend is currently very strong on CHF/ZAR. As long as the price remains above the support at 15.0246 ZAR, you could try to benefit from the boom. The first bullish objective is located at 15.1481 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.2284 ZAR as an objective. Crossing it would then enable buyers to target 15.4463 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
9.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/ZAR rating 15.0758 ZAR. On the day, this instrument gained +1.73% with the lowest point at 14.8529 ZAR and the highest point at 15.1015 ZAR. The deviation from the price is +1.50% for the low point and -0.17% for the high point.14.8529
15.1015
15.0758
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.8987 | 14.9534 | 15.0246 | 15.0758 | 15.0854 | 15.1481 | 15.4463 |
| Change (%) | -1.17% | -0.81% | -0.34% | - | +0.06% | +0.48% | +2.46% |
| Change | -0.1771 | -0.1224 | -0.0512 | - | +0.0096 | +0.0723 | +0.3705 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.6094 | 14.6805 | 14.7503 | 14.8214 | 14.8912 | 14.9623 | 15.0321 |
| Camarilla | 14.7813 | 14.7942 | 14.8071 | 14.8200 | 14.8329 | 14.8458 | 14.8588 |
| Woodie | 14.6087 | 14.6802 | 14.7496 | 14.8211 | 14.8905 | 14.9620 | 15.0314 |
| Fibonacci | 14.6805 | 14.7344 | 14.7676 | 14.8214 | 14.8753 | 14.9085 | 14.9623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.3298 | 14.5340 | 14.6770 | 14.8812 | 15.0242 | 15.2284 | 15.3714 |
| Camarilla | 14.7245 | 14.7564 | 14.7882 | 14.8200 | 14.8518 | 14.8837 | 14.9155 |
| Woodie | 14.2992 | 14.5187 | 14.6464 | 14.8659 | 14.9936 | 15.2131 | 15.3408 |
| Fibonacci | 14.5340 | 14.6666 | 14.7486 | 14.8812 | 15.0138 | 15.0958 | 15.2284 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.4111 | 13.8642 | 14.1763 | 14.6294 | 14.9415 | 15.3946 | 15.7067 |
| Camarilla | 14.2780 | 14.3481 | 14.4183 | 14.4884 | 14.5585 | 14.6287 | 14.6988 |
| Woodie | 13.3406 | 13.8290 | 14.1058 | 14.5942 | 14.8710 | 15.3594 | 15.6362 |
| Fibonacci | 13.8642 | 14.1565 | 14.3371 | 14.6294 | 14.9217 | 15.1023 | 15.3946 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 77.79 | |
| MACD (12,26,9): | 0.0503 | |
| Directional Movement: | 29.1372 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 15.0108 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.9871 | |
| Elder Ray (13): | 0.0780 | |
| Super Trend (3,10): | 14.9128 | |
| Zig ZAG (10): | 15.0849 | |
| VORTEX (21): | 1.1383 | |
| Stochastique (14,3,5): | 86.64 | |
| TEMA (21): | 15.0429 | |
| Williams %R (14): | -8.97 | |
| Chande Momentum Oscillator (20): | 0.2066 | |
| Repulse (5,40,3): | 0.5616 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0365 | |
| Courbe Coppock: | 1.91 |
| MA7: | 14.9208 | |
| MA20: | 14.7827 | |
| MA50: | 14.7326 | |
| MA100: | 14.8600 | |
| MAexp7: | 15.0138 | |
| MAexp20: | 14.9500 | |
| MAexp50: | 14.8989 | |
| MAexp100: | 14.8877 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +1.98% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +1.19% | |
| Price / MAexp100: | +1.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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