EUR/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURZAR
ISIN:

EUR/ZAR - Daily - Technical analysis published on 04/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 19.5208 ZAR

My targets

19.9779 ZAR (+0.0829)

20.8014 ZAR (+0.9064)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/ZAR as long as the price remains well above 19.5208 ZAR. The buyers' bullish objective is set at 19.9779 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.8014 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/ZAR rating 19.8950 ZAR. On the day, this instrument lost -0.24% with the lowest point at 19.8470 ZAR and the highest point at 20.0510 ZAR. The deviation from the price is +0.24% for the low point and -0.78% for the high point.

19.8470

20.0510

19.8950

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/ZAR chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	17.1653	18.3958	19.2935	19.8950	19.9779	20.8014
Change (%)	-13.72%	-7.54%	-3.02%	-	+0.42%	+4.56%
Change	-2.7297	-1.4992	-0.6015	-	+0.0829	+0.9064
Level	Intermediate	Major	Major	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.4810	19.7037	19.8228	20.0455	20.1646	20.3873	20.5064
Camarilla	19.8479	19.8792	19.9106	19.9419	19.9732	20.0046	20.0359
Woodie	19.4292	19.6778	19.7710	20.0196	20.1128	20.3614	20.4546
Fibonacci	19.7037	19.8343	19.9149	20.0455	20.1761	20.2567	20.3873

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.6134	18.9075	19.3758	19.6699	20.1382	20.4323	20.9006
Camarilla	19.6344	19.7043	19.7742	19.8441	19.9140	19.9839	20.0538
Woodie	18.7005	18.9511	19.4629	19.7135	20.2253	20.4759	20.9877
Fibonacci	18.9075	19.1987	19.3787	19.6699	19.9611	20.1411	20.4323

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.1210	18.6635	18.9783	19.5208	19.8356	20.3781	20.6929
Camarilla	19.0573	19.1359	19.2145	19.2931	19.3717	19.4503	19.5289
Woodie	18.0072	18.6066	18.8645	19.4639	19.7218	20.3212	20.5791
Fibonacci	18.6635	18.9910	19.1933	19.5208	19.8483	20.0506	20.3781

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):	54.97
MACD (12,26,9):	0.1519
Directional Movement:	8.1344
AROON (14):	50.0000
DEMA (21):	19.9780
Parabolic SAR (0,02-0,02-0,2):	19.4910
Elder Ray (13):	0.0885
Super Trend (3,10):	19.4285
Zig ZAG (10):	19.8950
VORTEX (21):	1.0715
Stochastique (14,3,5):	77.78
TEMA (21):	19.9932
Williams %R (14):	-35.29
Chande Momentum Oscillator (20):	0.2691
Repulse (5,40,3):	-0.7368
ROCnROLL:	1
TRIX (15,9):	0.0909
Courbe Coppock:	3.01

MA7:	20.0035
MA20:	19.7681
MA50:	19.5161
MA100:	18.9313
MAexp7:	19.9448
MAexp20:	19.7825
MAexp50:	19.4777
MAexp100:	19.0286
Price / MA7:	-0.54%
Price / MA20:	+0.64%
Price / MA50:	+1.94%
Price / MA100:	+5.09%
Price / MAexp7:	-0.25%
Price / MAexp20:	+0.57%
Price / MAexp50:	+2.14%
Price / MAexp100:	+4.55%

Quotes : - Real time data - Forex

News

The last news published on EUR/ZAR at the time of the generation of this analysis was as follows:

EUR/ZAR To Remain Weak

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

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