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 02/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.12752 ZAR

My targets

0.12842 ZAR (+0.00070)

0.12885 ZAR (+0.00113)

My analysis

JPY/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 0.12752 ZAR. The next resistance located at 0.12842 ZAR is the next bullish target 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 0.12885 ZAR. After this resistance, buyers could then target 0.13147 ZAR.

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

6.8

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

The JPY/ZAR rating is 0.12772 ZAR. On the day, this instrument gained +0.67% with the lowest point at 0.12682 ZAR and the highest point at 0.12786 ZAR. The deviation from the price is +0.71% for the low point and -0.11% for the high point.

0.12682

0.12786

0.12772

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

The Central Records scanner for higher/lower results shows the following items:

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 1H of this JPY/ZAR chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.12663	0.12697	0.12752	0.12772	0.12842	0.12885	0.13147
Change (%)	-0.85%	-0.59%	-0.16%	-	+0.55%	+0.88%	+2.94%
Change	-0.00109	-0.00075	-0.00020	-	+0.00070	+0.00113	+0.00375
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12440	0.12552	0.12619	0.12731	0.12798	0.12910	0.12977
Camarilla	0.12638	0.12654	0.12671	0.12687	0.12703	0.12720	0.12736
Woodie	0.12419	0.12541	0.12598	0.12720	0.12777	0.12899	0.12956
Fibonacci	0.12552	0.12620	0.12662	0.12731	0.12799	0.12841	0.12910

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12226	0.12369	0.12600	0.12743	0.12974	0.13117	0.13348
Camarilla	0.12729	0.12763	0.12798	0.12832	0.12866	0.12901	0.12935
Woodie	0.12271	0.12391	0.12645	0.12765	0.13019	0.13139	0.13393
Fibonacci	0.12369	0.12512	0.12600	0.12743	0.12886	0.12974	0.13117

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.11941	0.12284	0.12493	0.12836	0.13045	0.13388	0.13597
Camarilla	0.12549	0.12600	0.12650	0.12701	0.12752	0.12802	0.12853
Woodie	0.11873	0.12251	0.12425	0.12803	0.12977	0.13355	0.13529
Fibonacci	0.12284	0.12495	0.12626	0.12836	0.13047	0.13178	0.13388

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):	65.28
MACD (12,26,9):	0.0000
Directional Movement:	14.80273
AROON (14):	100.00000
DEMA (21):	0.12712
Parabolic SAR (0,02-0,02-0,2):	0.12695
Elder Ray (13):	0.00042
Super Trend (3,10):	0.12696
Zig ZAG (10):	0.12775
VORTEX (21):	1.0886
Stochastique (14,3,5):	90.92
TEMA (21):	0.12725
Williams %R (14):	-5.66
Chande Momentum Oscillator (20):	0.00090
Repulse (5,40,3):	0.5368
ROCnROLL:	1
TRIX (15,9):	-0.0223
Courbe Coppock:	0.61

MA7:	0.12720
MA20:	0.12706
MA50:	0.12811
MA100:	0.12707
MAexp7:	0.12736
MAexp20:	0.12724
MAexp50:	0.12744
MAexp100:	0.12739
Price / MA7:	+0.41%
Price / MA20:	+0.52%
Price / MA50:	-0.30%
Price / MA100:	+0.51%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.25%

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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Londinia AI

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