CAD/ZAR - 1H - Technical analysis published on 09/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Additional analysis
Quotes
CAD/ZAR rating 12.8826 ZAR. The price has increased by +0.35% since the last closing and was traded between 12.8703 ZAR and 12.8872 ZAR over the period. The price is currently at +0.10% from its lowest and -0.04% from its highest.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 CAD/ZAR:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/ZAR in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.2101 | 12.7337 | 12.8389 | 12.8826 | 12.9514 | 13.0293 | 13.2931 |
| Change (%) | -5.22% | -1.16% | -0.34% | - | +0.53% | +1.14% | +3.19% |
| Change | -0.6725 | -0.1489 | -0.0437 | - | +0.0688 | +0.1467 | +0.4105 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.6168 | 12.7108 | 12.7740 | 12.8680 | 12.9312 | 13.0252 | 13.0884 |
| Camarilla | 12.7939 | 12.8083 | 12.8227 | 12.8371 | 12.8515 | 12.8659 | 12.8803 |
| Woodie | 12.6013 | 12.7031 | 12.7585 | 12.8603 | 12.9157 | 13.0175 | 13.0729 |
| Fibonacci | 12.7108 | 12.7709 | 12.8080 | 12.8680 | 12.9281 | 12.9652 | 13.0252 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4785 | 12.6417 | 12.7394 | 12.9026 | 13.0003 | 13.1635 | 13.2612 |
| Camarilla | 12.7654 | 12.7893 | 12.8132 | 12.8371 | 12.8610 | 12.8849 | 12.9089 |
| Woodie | 12.4458 | 12.6253 | 12.7067 | 12.8862 | 12.9676 | 13.1471 | 13.2285 |
| Fibonacci | 12.6417 | 12.7414 | 12.8029 | 12.9026 | 13.0023 | 13.0638 | 13.1635 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4261 | 12.6863 | 12.9539 | 13.2141 | 13.4817 | 13.7419 | 14.0095 |
| Camarilla | 13.0763 | 13.1246 | 13.1730 | 13.2214 | 13.2698 | 13.3182 | 13.3666 |
| Woodie | 12.4297 | 12.6882 | 12.9575 | 13.2160 | 13.4853 | 13.7438 | 14.0131 |
| Fibonacci | 12.6863 | 12.8880 | 13.0125 | 13.2141 | 13.4158 | 13.5403 | 13.7419 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
| RSI (14): | 30.96 | |
| MACD (12,26,9): | -0.0112 | |
| Directional Movement: | -22.9257 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 12.8843 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.9309 | |
| Elder Ray (13): | -0.0483 | |
| Super Trend (3,10): | 12.9281 | |
| Zig ZAG (10): | 12.8371 | |
| VORTEX (21): | 0.8229 | |
| Stochastique (14,3,5): | 8.94 | |
| TEMA (21): | 12.8732 | |
| Williams %R (14): | -79.52 | |
| Chande Momentum Oscillator (20): | -0.1051 | |
| Repulse (5,40,3): | -0.3287 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.69 |
| MA7: | 12.9578 | |
| MA20: | 13.1082 | |
| MA50: | 13.1874 | |
| MA100: | 13.3054 | |
| MAexp7: | 12.8745 | |
| MAexp20: | 12.8948 | |
| MAexp50: | 12.9063 | |
| MAexp100: | 12.9356 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -1.72% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | -3.18% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.41% |
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