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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 07/17/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 20.2762 ZAR
My targets
20.4189 ZAR (+0.0922)
20.6014 ZAR (+0.2747)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/ZAR as long as the price remains well above 20.2762 ZAR. The buyers' bullish objective is set at 20.4189 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.6014 ZAR. If there is any crossing, the next objective would be the resistance located at 20.8014 ZAR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/ZAR rating 20.3267 ZAR. The price is lower by -0.01% since the last closing and was traded between 20.2228 ZAR and 20.3735 ZAR over the period. The price is currently at +0.51% from its lowest and -0.23% from its highest.

20.2228
20.3735
20.3267

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.

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 Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 EUR/ZAR in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.0439 20.1780 20.2762 20.3267 20.4189 20.6014 20.8014
Change (%) -1.39% -0.73% -0.25% - +0.45% +1.35% +2.34%
Change -0.2828 -0.1487 -0.0505 - +0.0922 +0.2747 +0.4747
Level Intermediate Intermediate Intermediate - Major Minor 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
Standard19.831319.965920.147220.281820.463120.597720.7790
Camarilla20.241520.270520.299420.328420.357420.386320.4153
Woodie19.854619.977620.170520.293520.486420.609420.8023
Fibonacci19.965920.086620.161220.281820.402520.477120.5977


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.282619.663319.995820.376520.709021.089721.4222
Camarilla20.132320.197720.263020.328420.393820.459220.5245
Woodie19.258619.651319.971820.364520.685021.077721.3982
Fibonacci19.663319.935720.104020.376520.648920.817221.0897


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.316319.047019.803420.534121.290522.021222.7776
Camarilla20.150920.287220.423520.559820.696120.832420.9688
Woodie18.329219.053419.816320.540521.303422.027622.7905
Fibonacci19.047019.615119.966020.534121.102221.453122.0212

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): 54.44
MACD (12,26,9): 0.0058
Directional Movement: -5.2288
AROON (14): -7.1428
DEMA (21): 20.3089
Parabolic SAR (0,02-0,02-0,2): 20.3618
Elder Ray (13): -0.0147
Super Trend (3,10): 20.2383
Zig ZAG (10): 20.3032
VORTEX (21): 0.9181
Stochastique (14,3,5): 35.26
TEMA (21): 20.2949
Williams %R (14): -38.42
Chande Momentum Oscillator (20): -0.0088
Repulse (5,40,3): 0.3039
ROCnROLL: 1
TRIX (15,9): 0.0143
Courbe Coppock: 0.39
MA7: 20.3915
MA20: 20.3797
MA50: 20.5265
MA100: 20.1619
MAexp7: 20.2873
MAexp20: 20.2940
MAexp50: 20.2755
MAexp100: 20.3049
Price / MA7: -0.32%
Price / MA20: -0.26%
Price / MA50: -0.97%
Price / MA100: +0.82%
Price / MAexp7: +0.19%
Price / MAexp20: +0.16%
Price / MAexp50: +0.25%
Price / MAexp100: +0.11%

Quotes : - Real time data - Forex

News


The last news published on EUR/ZAR at the time of the generation of this analysis was as follows:

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

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