CAD/ZAR
CAD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADZAR
ISIN:

CAD/ZAR - 1H - Technical analysis published on 04/17/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 13.7193 ZAR
My targets
13.7957 ZAR (+0.0216)
13.8266 ZAR (+0.0525)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/ZAR. As long as you are above the support located at 13.7193 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 13.7957 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 13.8266 ZAR as an objective. Crossing it would then enable buyers to target 13.8517 ZAR. If the support 13.7193 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/ZAR rating 13.7741 ZAR. The price registered a decrease of -0.03% on the session and was traded between 13.7615 ZAR and 13.8171 ZAR over the period. The price is currently at +0.09% from its lowest and -0.31% from its highest.

13.7615
13.8171
13.7741

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/ZAR indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.6789 13.7193 13.7673 13.7741 13.7957 13.8266 13.8517
Change (%) -0.69% -0.40% -0.05% - +0.16% +0.38% +0.56%
Change -0.0952 -0.0548 -0.0068 - +0.0216 +0.0525 +0.0776
Level Intermediate Minor Intermediate - 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
Standard13.581113.650213.714013.783113.846913.916013.9798
Camarilla13.741313.753413.765613.777813.790013.802213.8144
Woodie13.578513.648913.711413.781813.844313.914713.9772
Fibonacci13.650213.701013.732313.783113.833913.865213.9160


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.387113.485413.593513.691813.799913.898214.0063
Camarilla13.644713.663713.682613.701513.720413.739313.7583
Woodie13.391913.487913.598313.694313.804713.900714.0111
Fibonacci13.485413.564313.613013.691813.770713.819413.8982


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.289813.516913.720213.947314.150614.377714.5810
Camarilla13.805013.844513.884013.923413.962914.002314.0418
Woodie13.277813.511013.708213.941414.138614.371814.5690
Fibonacci13.516913.681413.782913.947314.111814.213314.3777

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): 53.36
MACD (12,26,9): 0.0015
Directional Movement: 6.3381
AROON (14): 64.2857
DEMA (21): 13.7775
Parabolic SAR (0,02-0,02-0,2): 13.7209
Elder Ray (13): 0.0193
Super Trend (3,10): 13.8442
Zig ZAG (10): 13.7745
VORTEX (21): 0.9783
Stochastique (14,3,5): 66.70
TEMA (21): 13.7714
Williams %R (14): -62.50
Chande Momentum Oscillator (20): -0.0113
Repulse (5,40,3): -0.2078
ROCnROLL: -1
TRIX (15,9): -0.0012
Courbe Coppock: 0.08
MA7: 13.7165
MA20: 13.8283
MA50: 13.9448
MA100: 13.9449
MAexp7: 13.7757
MAexp20: 13.7774
MAexp50: 13.7678
MAexp100: 13.7504
Price / MA7: +0.42%
Price / MA20: -0.39%
Price / MA50: -1.22%
Price / MA100: -1.22%
Price / MAexp7: -0.01%
Price / MAexp20: -0.02%
Price / MAexp50: +0.05%
Price / MAexp100: +0.17%

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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