CAD/ZAR - 1H - Technical analysis published on 03/28/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12.8254 ZAR
My targets
12.9314 ZAR (+0.0574)
13.0307 ZAR (+0.1567)
My analysis
The bullish trend is currently very strong on CAD/ZAR. As long as the price remains above the support at 12.8254 ZAR, you could try to benefit from the boom. The first bullish objective is located at 12.9314 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.0307 ZAR as an objective. Crossing it would then enable buyers to target 13.2931 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
CAD/ZAR rating 12.8740 ZAR. The price registered an increase of +1.11% on the session and was between 12.6497 ZAR and 12.9041 ZAR. This implies that the price is at +1.77% from its lowest and at -0.23% from its highest.12.6497
12.9041
12.8740
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/ZAR in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 2 (Daily)
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3 (Daily)
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2 (Weekly)
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2 (Monthly)
Type : Neutral
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.7829 | 12.8067 | 12.8254 | 12.8740 | 13.0307 | 13.2931 | 13.4158 |
| Change (%) | -0.71% | -0.52% | -0.38% | - | +1.22% | +3.26% | +4.21% |
| Change | -0.0911 | -0.0673 | -0.0486 | - | +0.1567 | +0.4191 | +0.5418 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.6248 | 12.6760 | 12.7042 | 12.7554 | 12.7836 | 12.8348 | 12.8630 |
| Camarilla | 12.7105 | 12.7177 | 12.7250 | 12.7323 | 12.7396 | 12.7469 | 12.7541 |
| Woodie | 12.6132 | 12.6703 | 12.6926 | 12.7497 | 12.7720 | 12.8291 | 12.8514 |
| Fibonacci | 12.6760 | 12.7064 | 12.7251 | 12.7554 | 12.7858 | 12.8045 | 12.8348 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4484 | 12.5260 | 12.6094 | 12.6870 | 12.7704 | 12.8480 | 12.9314 |
| Camarilla | 12.6486 | 12.6634 | 12.6781 | 12.6929 | 12.7077 | 12.7224 | 12.7372 |
| Woodie | 12.4514 | 12.5275 | 12.6124 | 12.6885 | 12.7734 | 12.8495 | 12.9344 |
| Fibonacci | 12.5260 | 12.5875 | 12.6255 | 12.6870 | 12.7485 | 12.7865 | 12.8480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4353 | 12.6008 | 12.7620 | 12.9275 | 13.0887 | 13.2542 | 13.4154 |
| Camarilla | 12.8334 | 12.8633 | 12.8933 | 12.9232 | 12.9532 | 12.9831 | 13.0130 |
| Woodie | 12.4332 | 12.5997 | 12.7599 | 12.9264 | 13.0866 | 13.2531 | 13.4133 |
| Fibonacci | 12.6008 | 12.7256 | 12.8027 | 12.9275 | 13.0523 | 13.1294 | 13.2542 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.43 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 29.6170 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 12.7464 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.6539 | |
| Elder Ray (13): | 0.1175 | |
| Super Trend (3,10): | 12.7399 | |
| Zig ZAG (10): | 12.8896 | |
| VORTEX (21): | 1.1527 | |
| Stochastique (14,3,5): | 74.59 | |
| TEMA (21): | 12.7613 | |
| Williams %R (14): | -4.36 | |
| Chande Momentum Oscillator (20): | 0.1295 | |
| Repulse (5,40,3): | 1.5264 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0128 | |
| Courbe Coppock: | 0.01 |
| MA7: | 12.7632 | |
| MA20: | 12.7281 | |
| MA50: | 12.8429 | |
| MA100: | 12.8687 | |
| MAexp7: | 12.7728 | |
| MAexp20: | 12.7466 | |
| MAexp50: | 12.7506 | |
| MAexp100: | 12.7456 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.01% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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