EUR/ZAR - 1H - Technical analysis published on 02/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
33%
44%
22%
My opinion
Neutral between 19.1537 ZAR and 19.3526 ZAR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 19.1537 ZAR. The first resistance is located at 19.3526 ZAR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/ZAR.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 19.3010 ZAR. The price registered an increase of +0.00% on the session and was traded between 19.2672 ZAR and 19.3452 ZAR over the period. The price is currently at +0.18% from its lowest and -0.23% from its highest.19.2672
19.3452
19.3010
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/ZAR chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. 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 a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.0241 | 19.1537 | 19.2997 | 19.3010 | 19.3526 | 19.4164 | 19.4724 |
| Change (%) | -1.43% | -0.76% | -0.01% | - | +0.27% | +0.60% | +0.89% |
| Change | -0.2769 | -0.1473 | -0.0013 | - | +0.0516 | +0.1154 | +0.1714 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 18.9076 | 19.0549 | 19.1779 | 19.3252 | 19.4482 | 19.5955 | 19.7185 |
| Camarilla | 19.2267 | 19.2515 | 19.2762 | 19.3010 | 19.3258 | 19.3506 | 19.3753 |
| Woodie | 18.8956 | 19.0488 | 19.1659 | 19.3191 | 19.4362 | 19.5894 | 19.7065 |
| Fibonacci | 19.0549 | 19.1581 | 19.2219 | 19.3252 | 19.4284 | 19.4922 | 19.5955 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6110 | 18.8175 | 19.0593 | 19.2658 | 19.5076 | 19.7141 | 19.9559 |
| Camarilla | 19.1777 | 19.2188 | 19.2599 | 19.3010 | 19.3421 | 19.3832 | 19.4243 |
| Woodie | 18.6286 | 18.8263 | 19.0769 | 19.2746 | 19.5252 | 19.7229 | 19.9735 |
| Fibonacci | 18.8175 | 18.9888 | 19.0946 | 19.2658 | 19.4371 | 19.5429 | 19.7141 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.0079 | 17.4107 | 18.1639 | 18.5667 | 19.3199 | 19.7227 | 20.4759 |
| Camarilla | 18.5991 | 18.7051 | 18.8110 | 18.9170 | 19.0230 | 19.1289 | 19.2349 |
| Woodie | 17.1830 | 17.4983 | 18.3390 | 18.6543 | 19.4950 | 19.8103 | 20.6510 |
| Fibonacci | 17.4107 | 17.8523 | 18.1251 | 18.5667 | 19.0083 | 19.2811 | 19.7227 |
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): | 43.88 | |
| MACD (12,26,9): | -0.0134 | |
| Directional Movement: | -4.8489 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 19.2925 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.3128 | |
| Elder Ray (13): | -0.0086 | |
| Super Trend (3,10): | 19.4034 | |
| Zig ZAG (10): | 19.2902 | |
| VORTEX (21): | 0.8625 | |
| Stochastique (14,3,5): | 43.32 | |
| TEMA (21): | 19.2830 | |
| Williams %R (14): | -72.95 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0232 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0111 | |
| Courbe Coppock: | 0.08 |
| MA7: | 19.2448 | |
| MA20: | 18.9713 | |
| MA50: | 18.5662 | |
| MA100: | 18.2370 | |
| MAexp7: | 19.2952 | |
| MAexp20: | 19.3093 | |
| MAexp50: | 19.3166 | |
| MAexp100: | 19.2802 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +3.96% | |
| Price / MA100: | +5.83% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
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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 WeakThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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