JPY/ZAR

- ZAR (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	JPYZAR
ISIN:

JPY/ZAR - 1H - Technical analysis published on 03/27/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.12458 ZAR

My targets

0.12578 ZAR (+0.00048)

0.12621 ZAR (+0.00091)

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 0.12458 ZAR. The buyers' bullish objective is set at 0.12578 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.12621 ZAR. If there is any crossing, the next objective would be the resistance located at 0.12663 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

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 0.12530 ZAR. The price has increased by +0.06% since the last closing and was traded between 0.12519 ZAR and 0.12534 ZAR over the period. The price is currently at +0.09% from its lowest and -0.03% from its highest.

0.12519

0.12534

0.12530

A study of price movements over other periods shows the following variations:

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

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 JPY/ZAR in 1H shows a strongly overall bullish trend. 82.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.12361	0.12401	0.12458	0.12530	0.12578	0.12621	0.12663
Change (%)	-1.35%	-1.03%	-0.57%	-	+0.38%	+0.73%	+1.06%
Change	-0.00169	-0.00129	-0.00072	-	+0.00048	+0.00091	+0.00133
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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	0.12374	0.12414	0.12468	0.12508	0.12562	0.12602	0.12656
Camarilla	0.12496	0.12505	0.12513	0.12522	0.12531	0.12539	0.12548
Woodie	0.12381	0.12418	0.12475	0.12512	0.12569	0.12606	0.12663
Fibonacci	0.12414	0.12450	0.12472	0.12508	0.12544	0.12566	0.12602

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.11956	0.12152	0.12348	0.12544	0.12740	0.12936	0.13132
Camarilla	0.12435	0.12471	0.12507	0.12543	0.12579	0.12615	0.12651
Woodie	0.11955	0.12152	0.12347	0.12544	0.12739	0.12936	0.13131
Fibonacci	0.12152	0.12302	0.12395	0.12544	0.12694	0.12787	0.12936

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12200	0.12356	0.12574	0.12730	0.12948	0.13104	0.13322
Camarilla	0.12690	0.12724	0.12759	0.12793	0.12827	0.12862	0.12896
Woodie	0.12232	0.12372	0.12606	0.12746	0.12980	0.13120	0.13354
Fibonacci	0.12356	0.12499	0.12587	0.12730	0.12873	0.12961	0.13104

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):	58.11
MACD (12,26,9):	0.0001
Directional Movement:	4.53820
AROON (14):	14.28572
DEMA (21):	0.12525
Parabolic SAR (0,02-0,02-0,2):	0.12546
Elder Ray (13):	0.00006
Super Trend (3,10):	0.12471
Zig ZAG (10):	0.12531
VORTEX (21):	1.1106
Stochastique (14,3,5):	65.63
TEMA (21):	0.12532
Williams %R (14):	-23.44
Chande Momentum Oscillator (20):	0.00035
Repulse (5,40,3):	0.1392
ROCnROLL:	1
TRIX (15,9):	0.0077
Courbe Coppock:	0.47

MA7:	0.12491
MA20:	0.12605
MA50:	0.12684
MA100:	0.12716
MAexp7:	0.12524
MAexp20:	0.12515
MAexp50:	0.12508
MAexp100:	0.12508
Price / MA7:	+0.31%
Price / MA20:	-0.60%
Price / MA50:	-1.21%
Price / MA100:	-1.46%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.18%
Price / MAexp100:	+0.18%

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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