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 02/03/2025 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 12.9255 ZAR

My targets

13.0295 ZAR (+0.0235)

13.1029 ZAR (+0.0969)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/ZAR as long as the price remains well above 12.9255 ZAR. The buyers' bullish objective is set at 13.0295 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.1029 ZAR. If there is any crossing, the next objective would be the resistance located at 13.2931 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

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.

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Additional analysis

Quotes

The CAD/ZAR rating is 13.0060 ZAR. On the day, this instrument gained +1.25% and was traded between 12.7924 ZAR and 13.0178 ZAR over the period. The price is currently at +1.67% from its lowest and -0.09% from its highest.

12.7924

13.0178

13.0060

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

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:

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

A technical analysis in 1H of this CAD/ZAR chart shows a strongly bullish trend. 85.71% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.8299	12.9255	12.9947	13.0060	13.0295	13.1029	13.2931
Change (%)	-1.35%	-0.62%	-0.09%	-	+0.18%	+0.75%	+2.21%
Change	-0.1761	-0.0805	-0.0113	-	+0.0235	+0.0969	+0.2871
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.6376	12.7171	12.7813	12.8608	12.9250	13.0045	13.0687
Camarilla	12.8060	12.8192	12.8323	12.8455	12.8587	12.8719	12.8850
Woodie	12.6300	12.7133	12.7737	12.8570	12.9174	13.0007	13.0611
Fibonacci	12.7171	12.7720	12.8059	12.8608	12.9157	12.9496	13.0045

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.2359	12.4609	12.6532	12.8782	13.0705	13.2955	13.4878
Camarilla	12.7307	12.7690	12.8073	12.8455	12.8838	12.9220	12.9603
Woodie	12.2196	12.4527	12.6369	12.8700	13.0542	13.2873	13.4715
Fibonacci	12.4609	12.6203	12.7188	12.8782	13.0376	13.1361	13.2955

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.9379	12.3119	12.5787	12.9527	13.2195	13.5935	13.8603
Camarilla	12.6693	12.7280	12.7868	12.8455	12.9042	12.9630	13.0217
Woodie	11.8843	12.2851	12.5251	12.9259	13.1659	13.5667	13.8067
Fibonacci	12.3119	12.5567	12.7079	12.9527	13.1975	13.3487	13.5935

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):	66.59
MACD (12,26,9):	0.0206
Directional Movement:	17.8859
AROON (14):	35.7142
DEMA (21):	12.9218
Parabolic SAR (0,02-0,02-0,2):	12.8140
Elder Ray (13):	0.0776
Super Trend (3,10):	12.8392
Zig ZAG (10):	12.9929
VORTEX (21):	1.1290
Stochastique (14,3,5):	81.03
TEMA (21):	12.9355
Williams %R (14):	-9.88
Chande Momentum Oscillator (20):	0.0768
Repulse (5,40,3):	0.3948
ROCnROLL:	1
TRIX (15,9):	0.0101
Courbe Coppock:	0.60

MA7:	12.9093
MA20:	13.0042
MA50:	12.9022
MA100:	12.8536
MAexp7:	12.9325
MAexp20:	12.8995
MAexp50:	12.8823
MAexp100:	12.8857
Price / MA7:	+0.75%
Price / MA20:	+0.01%
Price / MA50:	+0.80%
Price / MA100:	+1.19%
Price / MAexp7:	+0.57%
Price / MAexp20:	+0.83%
Price / MAexp50:	+0.96%
Price / MAexp100:	+0.93%

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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