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GBP/ZAR
GBP ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPZAR
ISIN:

GBP/ZAR - 1H - Technical analysis published on 05/09/2024 (GMT)

  • 89
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bearish
Technical indicators
17%
39%
44%
My opinion
Neutral between 23.1015 ZAR and 23.2790 ZAR
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 23.1015 ZAR. The first resistance is located at 23.2790 ZAR. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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.

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

Additional analysis

Quotes

The GBP/ZAR price is 23.2090 ZAR. On the day, this instrument gained +0.00% and was traded between 23.1898 ZAR and 23.2337 ZAR over the period. The price is currently at +0.08% from its lowest and -0.11% from its highest.

23.1898
23.2337
23.2090

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/ZAR:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/ZAR in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.9374 23.1015 23.2072 23.2090 23.2790 23.3932 23.5982
Change (%) -1.17% -0.46% -0.01% - +0.30% +0.79% +1.68%
Change -0.2716 -0.1075 -0.0018 - +0.0700 +0.1842 +0.3892
Level Minor Intermediate Major - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.929323.020623.115223.206523.301123.392423.4870
Camarilla23.158623.175623.192723.209723.226723.243823.2608
Woodie22.930923.021423.116823.207323.302723.393223.4886
Fibonacci23.020623.091723.135523.206523.277623.321423.3924


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.608222.885523.043523.320823.478823.756123.9141
Camarilla23.081723.121623.161523.201423.241323.281223.3211
Woodie22.548522.855722.983823.291023.419123.726323.8544
Fibonacci22.885523.051823.154623.320823.487123.589923.7561


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.526622.938323.204523.616223.882424.294124.5603
Camarilla23.284423.346523.408723.470823.532923.595123.6572
Woodie22.454022.901923.131923.579823.809824.257724.4877
Fibonacci22.938323.197223.357223.616223.875124.035124.2941

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): 50.02
MACD (12,26,9): 0.0026
Directional Movement: 8.5050
AROON (14): 7.1428
DEMA (21): 23.2193
Parabolic SAR (0,02-0,02-0,2): 23.2627
Elder Ray (13): -0.0012
Super Trend (3,10): 23.1355
Zig ZAG (10): 23.2142
VORTEX (21): 1.0296
Stochastique (14,3,5): 21.25
TEMA (21): 23.2158
Williams %R (14): -71.62
Chande Momentum Oscillator (20): -0.0078
Repulse (5,40,3): -0.0112
ROCnROLL: -1
TRIX (15,9): 0.0050
Courbe Coppock: 0.18
MA7: 23.2145
MA20: 23.4985
MA50: 23.7078
MA100: 23.7951
MAexp7: 23.2101
MAexp20: 23.2131
MAexp50: 23.2075
MAexp100: 23.2313
Price / MA7: -0.02%
Price / MA20: -1.23%
Price / MA50: -2.10%
Price / MA100: -2.46%
Price / MAexp7: +0.00%
Price / MAexp20: -0.02%
Price / MAexp50: +0.01%
Price / MAexp100: -0.10%

Quotes : - Real time data - Forex

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

About author

Londinia
Londinia AI

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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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