EUR/ZAR - 1H - Technical analysis published on 06/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 19.9776 ZAR
My targets
20.1277 ZAR (+0.0559)
20.1795 ZAR (+0.1077)
My analysis
EUR/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 19.9776 ZAR. The next resistance located at 20.1277 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 20.1795 ZAR. After this resistance, buyers could then target 20.2705 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
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/ZAR rating is 20.0718 ZAR. On the day, this instrument gained +0.00% with the lowest point at 20.0583 ZAR and the highest point at 20.0884 ZAR. The deviation from the price is +0.07% for the low point and -0.08% for the high point.20.0583
20.0884
20.0718
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/ZAR chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.9294 | 19.9776 | 20.0594 | 20.0718 | 20.1277 | 20.1795 | 20.2705 |
| Change (%) | -0.71% | -0.47% | -0.06% | - | +0.28% | +0.54% | +0.99% |
| Change | -0.1424 | -0.0942 | -0.0124 | - | +0.0559 | +0.1077 | +0.1987 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 19.5867 | 19.7069 | 19.8898 | 20.0100 | 20.1929 | 20.3131 | 20.4960 |
| Camarilla | 19.9894 | 20.0171 | 20.0449 | 20.0727 | 20.1005 | 20.1283 | 20.1561 |
| Woodie | 19.6181 | 19.7226 | 19.9212 | 20.0257 | 20.2243 | 20.3288 | 20.5274 |
| Fibonacci | 19.7069 | 19.8227 | 19.8942 | 20.0100 | 20.1258 | 20.1973 | 20.3131 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3180 | 19.5478 | 19.7198 | 19.9496 | 20.1216 | 20.3514 | 20.5234 |
| Camarilla | 19.7812 | 19.8180 | 19.8549 | 19.8917 | 19.9285 | 19.9654 | 20.0022 |
| Woodie | 19.2890 | 19.5334 | 19.6908 | 19.9352 | 20.0926 | 20.3370 | 20.4944 |
| Fibonacci | 19.5478 | 19.7013 | 19.7962 | 19.9496 | 20.1031 | 20.1980 | 20.3514 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0336 | 19.5430 | 20.3172 | 20.8266 | 21.6008 | 22.1102 | 22.8844 |
| Camarilla | 20.7383 | 20.8560 | 20.9736 | 21.0913 | 21.2090 | 21.3266 | 21.4443 |
| Woodie | 19.1659 | 19.6092 | 20.4495 | 20.8928 | 21.7331 | 22.1764 | 23.0167 |
| Fibonacci | 19.5430 | 20.0334 | 20.3363 | 20.8266 | 21.3170 | 21.6199 | 22.1102 |
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): | 63.44 | |
| MACD (12,26,9): | 0.0412 | |
| Directional Movement: | 18.0487 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 20.0964 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.0503 | |
| Elder Ray (13): | 0.0136 | |
| Super Trend (3,10): | 19.9836 | |
| Zig ZAG (10): | 20.0723 | |
| VORTEX (21): | 1.2863 | |
| Stochastique (14,3,5): | 63.48 | |
| TEMA (21): | 20.1092 | |
| Williams %R (14): | -42.09 | |
| Chande Momentum Oscillator (20): | 0.0214 | |
| Repulse (5,40,3): | -0.0207 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0344 | |
| Courbe Coppock: | 0.71 |
| MA7: | 19.9720 | |
| MA20: | 20.4734 | |
| MA50: | 20.4083 | |
| MA100: | 19.9388 | |
| MAexp7: | 20.0746 | |
| MAexp20: | 20.0397 | |
| MAexp50: | 19.9817 | |
| MAexp100: | 19.9722 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.50% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/ZAR at the time of the analysis were as follows:
EUR/ZAR To Remain WeakThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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