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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 08/11/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 20.8014 ZAR
My targets
20.5293 ZAR (-0.1571)
20.3975 ZAR (-0.2889)
My analysis
The basic trend is currently slightly bearish on EUR/ZAR and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 20.8014 ZAR, sales could be favoured. The first bearish objective would be located at 20.5293 ZAR. Sellers would then use the next support located at 20.3975 ZAR as an objective. Crossing it would then enable sellers to target 20.2629 ZAR. A return to above the resistance at 20.8014 ZAR could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.6

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

Additional analysis

Quotes

The EUR/ZAR price is 20.6864 ZAR. On the day, this instrument gained +0.00% and was traded between 20.6471 ZAR and 20.7727 ZAR over the period. The price is currently at +0.19% from its lowest and -0.42% from its highest.

20.6471
20.7727
20.6864

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of EUR/ZAR indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.3975 20.5293 20.6721 20.6864 20.8014 20.9413 21.2427
Change (%) -1.40% -0.76% -0.07% - +0.56% +1.23% +2.69%
Change -0.2889 -0.1571 -0.0143 - +0.1150 +0.2549 +0.5563
Level Minor Major Minor - Major Intermediate 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
Standard20.314320.457520.572020.715220.829720.972921.0874
Camarilla20.615620.639320.662920.686520.710120.733820.7574
Woodie20.300020.450320.557720.708020.815420.965721.0731
Fibonacci20.457520.555920.616820.715220.813620.874520.9729


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.430618.893019.605220.067620.779821.242221.9544
Camarilla19.994520.102220.209820.317520.425220.532820.6405
Woodie18.555618.955519.730220.130120.904821.304722.0794
Fibonacci18.893019.341719.618920.067620.516320.793521.2422


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.505518.430419.042019.966920.578521.503422.1150
Camarilla19.231119.371919.512819.653619.794519.935320.0761
Woodie17.348918.352118.885419.888620.421921.425121.9584
Fibonacci18.430419.017319.380019.966920.553820.916521.5034

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): 39.77
MACD (12,26,9): -0.0055
Directional Movement: -8.0690
AROON (14): 71.4285
DEMA (21): 20.7018
Parabolic SAR (0,02-0,02-0,2): 20.7727
Elder Ray (13): -0.0185
Super Trend (3,10): 20.8003
Zig ZAG (10): 20.6884
VORTEX (21): 1.0795
Stochastique (14,3,5): 47.61
TEMA (21): 20.7085
Williams %R (14): -64.20
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): -0.1426
ROCnROLL: 2
TRIX (15,9): -0.0070
Courbe Coppock: 0.34
MA7: 20.6137
MA20: 20.1047
MA50: 20.2214
MA100: 20.2641
MAexp7: 20.7116
MAexp20: 20.7110
MAexp50: 20.7164
MAexp100: 20.6477
Price / MA7: +0.35%
Price / MA20: +2.89%
Price / MA50: +2.30%
Price / MA100: +2.08%
Price / MAexp7: -0.12%
Price / MAexp20: -0.12%
Price / MAexp50: -0.14%
Price / MAexp100: +0.19%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/ZAR at the time of the analysis were as follows:

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

About author

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