Londinia Opportunities Analyses - 05/07/2024 (GMT) ZAR/USD (X100) FULL0624 - 1H
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USD
(-)
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | ZARUSDXXXX |
| ISIN: | ZARUSDXXXX |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 5.3857 USD
My targets
5.4250 USD (+0.46%)
5.4950 USD (+1.76%)
My analysis
The basic bullish trend is very strong on ZAR/USD (X100) FULL0624 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5.3857 USD. Crossing the first resistance at 5.4250 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.4950 USD as an objective. Crossing it would then enable buyers to target 5.5916 USD. Caution, a return to below 5.3857 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
ZAR/USD (X100) FULL0624 rating 5.4000 USD. The price has increased by +0.00% since the last closing and was between 5.3725 USD and 5.4050 USD. This implies that the price is at +0.51% from its lowest and at -0.09% from its highest.5.3725
5.4050
5.4000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ZAR/USD (X100) FULL0624:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ZAR/USD (X100) FULL0624 indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3167 | 5.3639 | 5.3857 | 5.4000 | 5.4250 | 5.5916 | 5.9503 |
| Change (%) | -1.54% | -0.67% | -0.26% | - | +0.46% | +3.55% | +10.19% |
| Change | -0.0833 | -0.0361 | -0.0143 | - | +0.0250 | +0.1916 | +0.5503 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3083 | 5.3367 | 5.3683 | 5.3967 | 5.4283 | 5.4567 | 5.4883 |
| Camarilla | 5.3835 | 5.3890 | 5.3945 | 5.4000 | 5.4055 | 5.4110 | 5.4165 |
| Woodie | 5.3100 | 5.3375 | 5.3700 | 5.3975 | 5.4300 | 5.4575 | 5.4900 |
| Fibonacci | 5.3367 | 5.3596 | 5.3738 | 5.3967 | 5.4196 | 5.4338 | 5.4567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1825 | 5.2350 | 5.3125 | 5.3650 | 5.4425 | 5.4950 | 5.5725 |
| Camarilla | 5.3543 | 5.3662 | 5.3781 | 5.3900 | 5.4019 | 5.4138 | 5.4258 |
| Woodie | 5.1950 | 5.2413 | 5.3250 | 5.3713 | 5.4550 | 5.5013 | 5.5850 |
| Fibonacci | 5.2350 | 5.2847 | 5.3153 | 5.3650 | 5.4147 | 5.4453 | 5.4950 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9308 | 5.0317 | 5.2008 | 5.3017 | 5.4708 | 5.5717 | 5.7408 |
| Camarilla | 5.2958 | 5.3205 | 5.3453 | 5.3700 | 5.3948 | 5.4195 | 5.4443 |
| Woodie | 4.9650 | 5.0488 | 5.2350 | 5.3188 | 5.5050 | 5.5888 | 5.7750 |
| Fibonacci | 5.0317 | 5.1348 | 5.1985 | 5.3017 | 5.4048 | 5.4685 | 5.5717 |
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): | 59.20 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 1.0526 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 5.3977 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3725 | |
| Elder Ray (13): | 0.0079 | |
| Super Trend (3,10): | 5.3818 | |
| Zig ZAG (10): | 5.4050 | |
| VORTEX (21): | 0.8871 | |
| Stochastique (14,3,5): | 87.18 | |
| TEMA (21): | 5.3953 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0100 | |
| Repulse (5,40,3): | 0.3197 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0028 | |
| Courbe Coppock: | 0.31 |
| MA7: | 5.3693 | |
| MA20: | 5.2840 | |
| MA50: | 5.2740 | |
| MA100: | 5.2635 | |
| MAexp7: | 5.3974 | |
| MAexp20: | 5.3953 | |
| MAexp50: | 5.3875 | |
| MAexp100: | 5.3667 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +2.20% | |
| Price / MA50: | +2.39% | |
| Price / MA100: | +2.59% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.62% |
Quotes :
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10 min delayed data
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Futures CME Globex