JPY/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYZAR
ISIN:

JPY/ZAR - 1H - Technical analysis published on 12/21/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 0.12814 ZAR

My targets

0.12991 ZAR (+0.00080)

0.13100 ZAR (+0.00189)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/ZAR as long as the price remains well above 0.12814 ZAR. The buyers' bullish objective is set at 0.12991 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.13100 ZAR. If there is any crossing, the next objective would be the resistance located at 0.13162 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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

JPY/ZAR rating 0.12911 ZAR. The price has increased by +1.22% since the last closing and was between 0.12714 ZAR and 0.12951 ZAR. This implies that the price is at +1.55% from its lowest and at -0.31% from its highest.

0.12714

0.12951

0.12911

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this JPY/ZAR chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

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 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.12663	0.12726	0.12814	0.12911	0.12991	0.13100	0.13162
Change (%)	-1.92%	-1.43%	-0.75%	-	+0.62%	+1.46%	+1.94%
Change	-0.00248	-0.00185	-0.00097	-	+0.00080	+0.00189	+0.00251
Level	Major	Minor	Minor	-	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
Standard	0.12549	0.12613	0.12685	0.12749	0.12821	0.12885	0.12957
Camarilla	0.12719	0.12731	0.12744	0.12756	0.12769	0.12781	0.12793
Woodie	0.12552	0.12615	0.12688	0.12751	0.12824	0.12887	0.12960
Fibonacci	0.12613	0.12665	0.12697	0.12749	0.12801	0.12833	0.12885

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12296	0.12544	0.12712	0.12960	0.13128	0.13376	0.13544
Camarilla	0.12767	0.12805	0.12843	0.12881	0.12919	0.12957	0.12995
Woodie	0.12257	0.12524	0.12673	0.12940	0.13089	0.13356	0.13505
Fibonacci	0.12544	0.12703	0.12801	0.12960	0.13119	0.13217	0.13376

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.11372	0.11683	0.12212	0.12523	0.13052	0.13363	0.13892
Camarilla	0.12511	0.12588	0.12665	0.12742	0.12819	0.12896	0.12973
Woodie	0.11482	0.11738	0.12322	0.12578	0.13162	0.13418	0.14002
Fibonacci	0.11683	0.12004	0.12202	0.12523	0.12844	0.13042	0.13363

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):	65.50
MACD (12,26,9):	0.0004
Directional Movement:	18.94708
AROON (14):	64.28571
DEMA (21):	0.12911
Parabolic SAR (0,02-0,02-0,2):	0.12950
Elder Ray (13):	0.00035
Super Trend (3,10):	0.12818
Zig ZAG (10):	0.12916
VORTEX (21):	1.2141
Stochastique (14,3,5):	83.37
TEMA (21):	0.12939
Williams %R (14):	-14.86
Chande Momentum Oscillator (20):	0.00095
Repulse (5,40,3):	0.0516
ROCnROLL:	1
TRIX (15,9):	0.0395
Courbe Coppock:	2.11

MA7:	0.12899
MA20:	0.12852
MA50:	0.12608
MA100:	0.12756
MAexp7:	0.12905
MAexp20:	0.12863
MAexp50:	0.12829
MAexp100:	0.12848
Price / MA7:	+0.09%
Price / MA20:	+0.46%
Price / MA50:	+2.40%
Price / MA100:	+1.22%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.64%
Price / MAexp100:	+0.49%

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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