Londinia Opportunities Analyses - 06/14/2021 (GMT) CHF/ZAR - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 15.3014 ZAR
My targets
15.3522 ZAR (+0.0334)
15.4582 ZAR (+0.1394)
My analysis
CHF/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.3014 ZAR. The next resistance located at 15.3522 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.4582 ZAR. After this resistance, buyers could then target 15.8598 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CHF/ZAR price is 15.3188 ZAR. The price has increased by +0.28% since the last closing and was traded between 15.2370 ZAR and 15.3481 ZAR over the period. The price is currently at +0.54% from its lowest and -0.19% from its highest.15.2370
15.3481
15.3188
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/ZAR in 1H shows a strongly overall bullish trend. 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 detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.1089 | 15.1666 | 15.3014 | 15.3188 | 15.3522 | 15.8598 | 16.8228 |
| Change (%) | -1.37% | -0.99% | -0.11% | - | +0.22% | +3.53% | +9.82% |
| Change | -0.2099 | -0.1522 | -0.0174 | - | +0.0334 | +0.5410 | +1.5040 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.9811 | 15.0502 | 15.1632 | 15.2323 | 15.3453 | 15.4144 | 15.5274 |
| Camarilla | 15.2261 | 15.2428 | 15.2595 | 15.2762 | 15.2929 | 15.3096 | 15.3263 |
| Woodie | 15.0031 | 15.0612 | 15.1852 | 15.2433 | 15.3673 | 15.4254 | 15.5494 |
| Fibonacci | 15.0502 | 15.1198 | 15.1627 | 15.2323 | 15.3019 | 15.3448 | 15.4144 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.5484 | 14.7303 | 15.0033 | 15.1852 | 15.4582 | 15.6401 | 15.9131 |
| Camarilla | 15.1511 | 15.1928 | 15.2345 | 15.2762 | 15.3179 | 15.3596 | 15.4013 |
| Woodie | 14.5939 | 14.7531 | 15.0488 | 15.2080 | 15.5037 | 15.6629 | 15.9586 |
| Fibonacci | 14.7303 | 14.9041 | 15.0115 | 15.1852 | 15.3590 | 15.4664 | 15.6401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.3424 | 14.7910 | 15.0329 | 15.4815 | 15.7234 | 16.1720 | 16.4139 |
| Camarilla | 15.0848 | 15.1481 | 15.2114 | 15.2747 | 15.3380 | 15.4013 | 15.4646 |
| Woodie | 14.2390 | 14.7393 | 14.9295 | 15.4298 | 15.6200 | 16.1203 | 16.3105 |
| Fibonacci | 14.7910 | 15.0548 | 15.2178 | 15.4815 | 15.7453 | 15.9083 | 16.1720 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.94 | |
| MACD (12,26,9): | 0.0202 | |
| Directional Movement: | 7.3355 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 15.3026 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.2370 | |
| Elder Ray (13): | 0.0532 | |
| Super Trend (3,10): | 15.2193 | |
| Zig ZAG (10): | 15.3451 | |
| VORTEX (21): | 1.1142 | |
| Stochastique (14,3,5): | 63.62 | |
| TEMA (21): | 15.3076 | |
| Williams %R (14): | -21.06 | |
| Chande Momentum Oscillator (20): | 0.0450 | |
| Repulse (5,40,3): | 0.1823 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0174 | |
| Courbe Coppock: | 0.15 |
| MA7: | 15.1812 | |
| MA20: | 15.3188 | |
| MA50: | 15.5171 | |
| MA100: | 15.8998 | |
| MAexp7: | 15.2806 | |
| MAexp20: | 15.2767 | |
| MAexp50: | 15.2475 | |
| MAexp100: | 15.2161 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | -0% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | -3.65% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.67% |
Quotes :
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Real time data
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Forex