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

EUR/ZAR - 1H - Technical analysis published on 11/16/2022 (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
22%
39%
39%
My opinion
Bullish above 17.8939 ZAR
My targets
17.9778 ZAR (+0.0550)
18.1963 ZAR (+0.2735)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 17.8939 ZAR remains possible. It is advisable to trade EUR/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 17.8939 ZAR. The next bullish objective for buyers is set at 17.9778 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.1963 ZAR. If there is any crossing, the next objective would be the resistance located at 18.3958 ZAR. PS: if there is a bearish break in the support located at 17.8939 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3

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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15 min. Daily Weekly

Additional analysis

Quotes

EUR/ZAR rating 17.9228 ZAR. The price has increased by +0.00% since the last closing and was between 17.8905 ZAR and 18.0234 ZAR. This implies that the price is at +0.18% from its lowest and at -0.56% from its highest.

17.8905
18.0234
17.9228

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 EUR/ZAR indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.7951 17.8607 17.8939 17.9228 17.9778 18.1963 18.3958
Change (%) -0.71% -0.35% -0.16% - +0.31% +1.53% +2.64%
Change -0.1277 -0.0621 -0.0289 - +0.0550 +0.2735 +0.4730
Level Intermediate Minor Major - Intermediate Major 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
Standard17.637417.716417.819717.898718.002018.081018.1843
Camarilla17.872817.889517.906217.922917.939617.956317.9730
Woodie17.649517.722517.831817.904818.014118.087118.1964
Fibonacci17.716417.786117.829117.898717.968418.011418.0810


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.388817.510617.678817.800617.968818.090618.2588
Camarilla17.767317.793817.820417.847017.873617.900217.9268
Woodie17.412017.522217.702017.812217.992018.102218.2820
Fibonacci17.510617.621417.689817.800617.911417.979818.0906


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.840217.152117.644617.956518.449018.760919.2534
Camarilla17.916017.989718.063518.137218.210918.284718.3584
Woodie16.930617.197317.735018.001718.539418.806119.3438
Fibonacci17.152117.459417.649217.956518.263818.453618.7609

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 42.64
MACD (12,26,9): 0.0086
Directional Movement: -2.6695
AROON (14): -14.2857
DEMA (21): 17.9663
Parabolic SAR (0,02-0,02-0,2): 18.0234
Elder Ray (13): -0.0239
Super Trend (3,10): 17.8526
Zig ZAG (10): 17.9005
VORTEX (21): 1.0645
Stochastique (14,3,5): 26.91
TEMA (21): 17.9553
Williams %R (14): -94.30
Chande Momentum Oscillator (20): -0.0945
Repulse (5,40,3): -0.5031
ROCnROLL: 2
TRIX (15,9): 0.0152
Courbe Coppock: 0.05
MA7: 17.8402
MA20: 17.9311
MA50: 17.7210
MA100: 17.3816
MAexp7: 17.9476
MAexp20: 17.9505
MAexp50: 17.9187
MAexp100: 17.8846
Price / MA7: +0.46%
Price / MA20: -0.05%
Price / MA50: +1.14%
Price / MA100: +3.11%
Price / MAexp7: -0.14%
Price / MAexp20: -0.15%
Price / MAexp50: +0.02%
Price / MAexp100: +0.21%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on EUR/ZAR. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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