EUR/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURZAR
ISIN:

EUR/ZAR - Daily - Technical analysis published on 12/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 17.8939 ZAR

My targets

18.3958 ZAR (+0.3441)

18.6767 ZAR (+0.6250)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/ZAR. As long as you are above the support located at 17.8939 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 18.3958 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 18.6767 ZAR as an objective. Crossing it would then enable buyers to target 18.9337 ZAR. If the support 17.8939 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.4

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 EUR/ZAR price is 18.0517 ZAR. The price has increased by +0.00% since the last closing with the lowest point at 18.0358 ZAR and the highest point at 18.1083 ZAR. The deviation from the price is +0.09% for the low point and -0.31% for the high point.

18.0358

18.1083

18.0517

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this EUR/ZAR chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.

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 support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.1797	17.5522	17.8939	18.0517	18.3958	18.6767	18.9337
Change (%)	-4.83%	-2.77%	-0.87%	-	+1.91%	+3.46%	+4.89%
Change	-0.8720	-0.4995	-0.1578	-	+0.3441	+0.6250	+0.8820
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Minor

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
Standard	17.7438	17.8748	17.9637	18.0947	18.1836	18.3146	18.4035
Camarilla	17.9920	18.0122	18.0323	18.0525	18.0727	18.0928	18.1130
Woodie	17.7227	17.8643	17.9426	18.0842	18.1625	18.3041	18.3824
Fibonacci	17.8748	17.9588	18.0107	18.0947	18.1787	18.2306	18.3146

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.9648	17.4859	17.7705	18.2916	18.5762	19.0973	19.3819
Camarilla	17.8336	17.9075	17.9813	18.0552	18.1291	18.2029	18.2768
Woodie	16.8467	17.4268	17.6524	18.2325	18.4581	19.0382	19.2638
Fibonacci	17.4859	17.7936	17.9838	18.2916	18.5993	18.7895	19.0973

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.8583	17.1719	17.5310	17.8446	18.2037	18.5173	18.8764
Camarilla	17.7052	17.7669	17.8285	17.8902	17.9519	18.0135	18.0752
Woodie	16.8812	17.1833	17.5539	17.8560	18.2266	18.5287	18.8993
Fibonacci	17.1719	17.4288	17.5876	17.8446	18.1015	18.2603	18.5173

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):	52.58
MACD (12,26,9):	0.0694
Directional Movement:	7.9578
AROON (14):	50.0000
DEMA (21):	18.3308
Parabolic SAR (0,02-0,02-0,2):	17.8780
Elder Ray (13):	-0.0810
Super Trend (3,10):	17.7652
Zig ZAG (10):	18.2634
VORTEX (21):	1.0382
Stochastique (14,3,5):	22.86
TEMA (21):	18.3039
Williams %R (14):	-65.86
Chande Momentum Oscillator (20):	-0.0063
Repulse (5,40,3):	0.9608
ROCnROLL:	1
TRIX (15,9):	0.0912
Courbe Coppock:	0.81

MA7:	18.2400
MA20:	18.2951
MA50:	18.0454
MA100:	17.6755
MAexp7:	18.2374
MAexp20:	18.2194
MAexp50:	18.0337
MAexp100:	17.7707
Price / MA7:	-1.03%
Price / MA20:	-1.33%
Price / MA50:	+0.03%
Price / MA100:	+2.13%
Price / MAexp7:	-1.02%
Price / MAexp20:	-0.92%
Price / MAexp50:	+0.10%
Price / MAexp100:	+1.58%

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:

EUR/ZAR To Remain Weak

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

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