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 11/20/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 12.8581 ZAR

My targets

13.0837 ZAR (+0.1359)

13.1512 ZAR (+0.2034)

My analysis

CAD/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 12.8581 ZAR. The next resistance located at 13.0837 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 13.1512 ZAR. After this resistance, buyers could then target 13.2931 ZAR.

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

6.1

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

CAD/ZAR rating 12.9478 ZAR. The price has increased by +0.16% since the last closing and was traded between 12.9152 ZAR and 12.9561 ZAR over the period. The price is currently at +0.25% from its lowest and -0.06% from its highest.

12.9152

12.9561

12.9478

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

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 LOW record (1 month)

Type : Bearish

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. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.6206	12.7337	12.8581	12.9478	12.9495	13.0837	13.2931
Change (%)	-2.53%	-1.65%	-0.69%	-	+0.01%	+1.05%	+2.67%
Change	-0.3272	-0.2141	-0.0897	-	+0.0017	+0.1359	+0.3453
Level	Minor	Major	Major	-	Intermediate	Major	Intermediate

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	12.6398	12.7090	12.8180	12.8872	12.9962	13.0654	13.1744
Camarilla	12.8781	12.8944	12.9108	12.9271	12.9434	12.9598	12.9761
Woodie	12.6598	12.7190	12.8380	12.8972	13.0162	13.0754	13.1944
Fibonacci	12.7090	12.7770	12.8191	12.8872	12.9552	12.9973	13.0654

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.1420	12.3813	12.6466	12.8859	13.1512	13.3905	13.6558
Camarilla	12.7731	12.8194	12.8657	12.9119	12.9582	13.0044	13.0507
Woodie	12.1550	12.3878	12.6596	12.8924	13.1642	13.3970	13.6688
Fibonacci	12.3813	12.5741	12.6931	12.8859	13.0787	13.1977	13.3905

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.1329	12.3701	12.5005	12.7377	12.8681	13.1053	13.2357
Camarilla	12.5299	12.5636	12.5973	12.6310	12.6647	12.6984	12.7321
Woodie	12.0796	12.3434	12.4472	12.7110	12.8148	13.0786	13.1824
Fibonacci	12.3701	12.5105	12.5972	12.7377	12.8781	12.9648	13.1053

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):	62.72
MACD (12,26,9):	0.0233
Directional Movement:	12.7230
AROON (14):	57.1429
DEMA (21):	12.9363
Parabolic SAR (0,02-0,02-0,2):	12.9152
Elder Ray (13):	0.0206
Super Trend (3,10):	12.8402
Zig ZAG (10):	12.9320
VORTEX (21):	1.1783
Stochastique (14,3,5):	70.65
TEMA (21):	12.9550
Williams %R (14):	-10.55
Chande Momentum Oscillator (20):	0.0242
Repulse (5,40,3):	0.1888
ROCnROLL:	1
TRIX (15,9):	0.0256
Courbe Coppock:	0.99

MA7:	12.9442
MA20:	12.7655
MA50:	12.8072
MA100:	13.0203
MAexp7:	12.9323
MAexp20:	12.9050
MAexp50:	12.8875
MAexp100:	12.8913
Price / MA7:	+0.03%
Price / MA20:	+1.43%
Price / MA50:	+1.10%
Price / MA100:	-0.56%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.47%
Price / MAexp100:	+0.44%

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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