CAD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADZAR
ISIN:

CAD/ZAR - 1H - Technical analysis published on 03/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 13.8355 ZAR

My targets

13.9920 ZAR (+0.1059)

14.0452 ZAR (+0.1591)

My analysis

CAD/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 13.8355 ZAR. The next resistance located at 13.9920 ZAR is the next bullish target 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 14.0452 ZAR. After this resistance, buyers could then target 14.2462 ZAR.

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

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The CAD/ZAR price is 13.8861 ZAR. On the day, this instrument gained +0.67% and was traded between 13.7837 ZAR and 13.9041 ZAR over the period. The price is currently at +0.74% from its lowest and -0.13% from its highest.

13.7837

13.9041

13.8861

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/ZAR:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CAD/ZAR chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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 horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.7764	13.8355	13.8802	13.8861	13.9920	14.0452	14.2462
Change (%)	-0.79%	-0.36%	-0.04%	-	+0.76%	+1.15%	+2.59%
Change	-0.1097	-0.0506	-0.0059	-	+0.1059	+0.1591	+0.3601
Level	Intermediate	Minor	Major	-	Intermediate	Minor	Major

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	13.5744	13.6593	13.7265	13.8114	13.8786	13.9635	14.0307
Camarilla	13.7520	13.7659	13.7799	13.7938	13.8077	13.8217	13.8356
Woodie	13.5657	13.6549	13.7178	13.8070	13.8699	13.9591	14.0220
Fibonacci	13.6593	13.7174	13.7533	13.8114	13.8695	13.9054	13.9635

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.4940	13.6649	13.7739	13.9448	14.0538	14.2247	14.3337
Camarilla	13.8059	13.8316	13.8572	13.8829	13.9086	13.9342	13.9599
Woodie	13.4631	13.6494	13.7430	13.9293	14.0229	14.2092	14.3028
Fibonacci	13.6649	13.7718	13.8379	13.9448	14.0517	14.1178	14.2247

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.3498	13.6018	13.8755	14.1275	14.4012	14.6532	14.9269
Camarilla	14.0046	14.0528	14.1010	14.1492	14.1974	14.2456	14.2938
Woodie	13.3607	13.6072	13.8864	14.1329	14.4121	14.6586	14.9378
Fibonacci	13.6018	13.8026	13.9267	14.1275	14.3283	14.4524	14.6532

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.99
MACD (12,26,9):	0.0086
Directional Movement:	10.7265
AROON (14):	100.0000
DEMA (21):	13.8309
Parabolic SAR (0,02-0,02-0,2):	13.7851
Elder Ray (13):	0.0407
Super Trend (3,10):	13.7744
Zig ZAG (10):	13.8808
VORTEX (21):	1.2161
Stochastique (14,3,5):	82.75
TEMA (21):	13.8444
Williams %R (14):	-6.21
Chande Momentum Oscillator (20):	0.0843
Repulse (5,40,3):	0.5578
ROCnROLL:	1
TRIX (15,9):	-0.0003
Courbe Coppock:	0.66

MA7:	13.8672
MA20:	14.0232
MA50:	14.0260
MA100:	13.8670
MAexp7:	13.8439
MAexp20:	13.8235
MAexp50:	13.8265
MAexp100:	13.8504
Price / MA7:	+0.14%
Price / MA20:	-0.98%
Price / MA50:	-1.00%
Price / MA100:	+0.14%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.43%
Price / MAexp100:	+0.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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