JPY/ZAR - 1H - Technical analysis published on 10/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 0.12595 ZAR
My targets
0.12537 ZAR (-0.00017)
0.12458 ZAR (-0.00096)
My analysis
The bearish trend is currently very strong for JPY/ZAR. As long as the price remains below the resistance at 0.12595 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.12537 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.12458 ZAR as an objective. Crossing it would then enable sellers to target 0.11369 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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
JPY/ZAR rating 0.12554 ZAR. On the day, this instrument lost -0.02% and was traded between 0.12504 ZAR and 0.12587 ZAR over the period. The price is currently at +0.40% from its lowest and -0.26% from its highest.0.12504
0.12587
0.12554
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 3 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.11369 | 0.12458 | 0.12537 | 0.12554 | 0.12595 | 0.12663 | 0.12717 |
| Change (%) | -9.44% | -0.76% | -0.14% | - | +0.33% | +0.87% | +1.30% |
| Change | -0.01185 | -0.00096 | -0.00017 | - | +0.00041 | +0.00109 | +0.00163 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12314 | 0.12425 | 0.12491 | 0.12602 | 0.12668 | 0.12779 | 0.12845 |
| Camarilla | 0.12507 | 0.12524 | 0.12540 | 0.12556 | 0.12572 | 0.12589 | 0.12605 |
| Woodie | 0.12291 | 0.12414 | 0.12468 | 0.12591 | 0.12645 | 0.12768 | 0.12822 |
| Fibonacci | 0.12425 | 0.12493 | 0.12535 | 0.12602 | 0.12670 | 0.12712 | 0.12779 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12020 | 0.12305 | 0.12511 | 0.12796 | 0.13002 | 0.13287 | 0.13493 |
| Camarilla | 0.12581 | 0.12626 | 0.12671 | 0.12716 | 0.12761 | 0.12806 | 0.12851 |
| Woodie | 0.11980 | 0.12285 | 0.12471 | 0.12776 | 0.12962 | 0.13267 | 0.13453 |
| Fibonacci | 0.12305 | 0.12493 | 0.12609 | 0.12796 | 0.12984 | 0.13100 | 0.13287 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11914 | 0.12247 | 0.12458 | 0.12791 | 0.13002 | 0.13335 | 0.13546 |
| Camarilla | 0.12519 | 0.12569 | 0.12619 | 0.12669 | 0.12719 | 0.12769 | 0.12819 |
| Woodie | 0.11853 | 0.12217 | 0.12397 | 0.12761 | 0.12941 | 0.13305 | 0.13485 |
| Fibonacci | 0.12247 | 0.12455 | 0.12583 | 0.12791 | 0.12999 | 0.13127 | 0.13335 |
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): | 38.19 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -21.68918 | |
| AROON (14): | -21.42857 | |
| DEMA (21): | 0.12547 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.12583 | |
| Elder Ray (13): | -0.00015 | |
| Super Trend (3,10): | 0.12608 | |
| Zig ZAG (10): | 0.12559 | |
| VORTEX (21): | 0.9432 | |
| Stochastique (14,3,5): | 49.62 | |
| TEMA (21): | 0.12549 | |
| Williams %R (14): | -31.33 | |
| Chande Momentum Oscillator (20): | 0.00007 | |
| Repulse (5,40,3): | 0.1982 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0278 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.12713 | |
| MA20: | 0.12783 | |
| MA50: | 0.12874 | |
| MA100: | 0.12980 | |
| MAexp7: | 0.12561 | |
| MAexp20: | 0.12574 | |
| MAexp50: | 0.12614 | |
| MAexp100: | 0.12669 | |
| Price / MA7: | -1.25% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | -2.49% | |
| Price / MA100: | -3.28% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.90% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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