EUR/ZAR - 15 min. - Technical analysis published on 02/12/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Additional analysis
Quotes
EUR/ZAR rating 20.5339 ZAR. On the day, this instrument gained +0.00% and was traded between 20.4543 ZAR and 20.5827 ZAR over the period. The price is currently at +0.39% from its lowest and -0.24% from its highest.A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
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 15 min. 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 reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
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 : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.2372 | 20.3886 | 20.5056 | 20.5339 | 20.5620 | 20.5953 | 20.8912 |
| Change (%) | -1.44% | -0.71% | -0.14% | - | +0.14% | +0.30% | +1.74% |
| Change | -0.2967 | -0.1453 | -0.0283 | - | +0.0281 | +0.0614 | +0.3573 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.2534 | 20.3207 | 20.4274 | 20.4947 | 20.6014 | 20.6687 | 20.7754 |
| Camarilla | 20.4863 | 20.5022 | 20.5182 | 20.5341 | 20.5501 | 20.5660 | 20.5820 |
| Woodie | 20.2731 | 20.3306 | 20.4471 | 20.5046 | 20.6211 | 20.6786 | 20.7951 |
| Fibonacci | 20.3207 | 20.3872 | 20.4282 | 20.4947 | 20.5612 | 20.6022 | 20.6687 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.0001 | 20.1180 | 20.3261 | 20.4440 | 20.6521 | 20.7700 | 20.9781 |
| Camarilla | 20.4445 | 20.4743 | 20.5042 | 20.5341 | 20.5640 | 20.5939 | 20.6238 |
| Woodie | 20.0451 | 20.1406 | 20.3711 | 20.4666 | 20.6971 | 20.7926 | 21.0231 |
| Fibonacci | 20.1180 | 20.2426 | 20.3195 | 20.4440 | 20.5686 | 20.6455 | 20.7700 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0786 | 19.6026 | 19.8865 | 20.4105 | 20.6944 | 21.2184 | 21.5023 |
| Camarilla | 19.9483 | 20.0224 | 20.0964 | 20.1705 | 20.2446 | 20.3186 | 20.3927 |
| Woodie | 18.9587 | 19.5426 | 19.7666 | 20.3505 | 20.5745 | 21.1584 | 21.3824 |
| Fibonacci | 19.6026 | 19.9112 | 20.1019 | 20.4105 | 20.7191 | 20.9098 | 21.2184 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
| RSI (14): | 39.65 | |
| MACD (12,26,9): | -0.0063 | |
| Directional Movement: | -10.5035 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 20.5327 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.5710 | |
| Elder Ray (13): | -0.0235 | |
| Super Trend (3,10): | 20.5693 | |
| Zig ZAG (10): | 20.5153 | |
| VORTEX (21): | 0.8763 | |
| Stochastique (14,3,5): | 24.15 | |
| TEMA (21): | 20.5230 | |
| Williams %R (14): | -74.12 | |
| Chande Momentum Oscillator (20): | -0.0281 | |
| Repulse (5,40,3): | -0.0345 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.20 |
| MA7: | 20.4297 | |
| MA20: | 20.4949 | |
| MA50: | 20.4150 | |
| MA100: | 20.2490 | |
| MAexp7: | 20.5250 | |
| MAexp20: | 20.5376 | |
| MAexp50: | 20.5343 | |
| MAexp100: | 20.5146 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.09% |
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 WeakAbout author
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