EUR/ZAR
EUR ZAR
19.2134 ZAR (-1.58%)
01/02/2025 - 19:43 Open Real time data - Forex
Open: 19.5229
Change: -0.3090
Volume: 288,145
Low: 19.1699
High: 19.5387
High / Low range: 0.3688
Type: Forex
Ticker: EURZAR
ISIN:

EUR/ZAR - 1H - Technical analysis published on 02/12/2024 (GMT)

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  • 02/12/2024 - 08:14
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  • Timeframe : 1H
  • - Analysis generated on 02/12/2024 - 08:14
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 20.5056 ZAR
My targets
20.5620 ZAR (+0.0306)
20.5953 ZAR (+0.0639)
My analysis
The basic bullish trend is very strong on EUR/ZAR but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 20.5056 ZAR. Crossing the first resistance at 20.5620 ZAR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 20.5953 ZAR as an objective. Crossing it would then enable buyers to target 20.8912 ZAR. Caution, a return to below 20.5056 ZAR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1

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.

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

Additional analysis

Quotes

The EUR/ZAR rating is 20.5314 ZAR. The price is lower by -0.01% since the last closing with the lowest point at 20.4543 ZAR and the highest point at 20.5827 ZAR. The deviation from the price is +0.38% for the low point and -0.25% for the high point.

20.4543
20.5827
20.5314

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



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-7.507.51522.5January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

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 a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.2372 20.3886 20.5056 20.5314 20.5620 20.5953 20.8912
Change (%) -1.43% -0.70% -0.13% - +0.15% +0.31% +1.75%
Change -0.2942 -0.1428 -0.0258 - +0.0306 +0.0639 +0.3598
Level Intermediate Intermediate Minor - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.253420.320720.427420.494720.601420.668720.7754
Camarilla20.486320.502220.518220.534120.550120.566020.5820
Woodie20.273120.330620.447120.504620.621120.678620.7951
Fibonacci20.320720.387220.428220.494720.561220.602220.6687


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.000120.118020.326120.444020.652120.770020.9781
Camarilla20.444520.474320.504220.534120.564020.593920.6238
Woodie20.045120.140620.371120.466620.697120.792621.0231
Fibonacci20.118020.242620.319520.444020.568620.645520.7700


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.078619.602619.886520.410520.694421.218421.5023
Camarilla19.948320.022420.096420.170520.244620.318620.3927
Woodie18.958719.542619.766620.350520.574521.158421.3824
Fibonacci19.602619.911220.101920.410520.719120.909821.2184

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Neutral9
Moving averages
Created with Raphaël 2.3.0Buy23

RSI (14): 48.62
MACD (12,26,9): 0.0188
Directional Movement: 1.0333
AROON (14): 57.1428
DEMA (21): 20.5514
Parabolic SAR (0,02-0,02-0,2): 20.4873
Elder Ray (13): -0.0225
Super Trend (3,10): 20.4659
Zig ZAG (10): 20.5123
VORTEX (21): 1.0287
Stochastique (14,3,5): 58.85
TEMA (21): 20.5473
Williams %R (14): -51.56
Chande Momentum Oscillator (20): -0.0172
Repulse (5,40,3): -0.0791
ROCnROLL: -1
TRIX (15,9): 0.0173
Courbe Coppock: 0.21
MA7: 20.4310
MA20: 20.4947
MA50: 20.4149
MA100: 20.2490
MAexp7: 20.5379
MAexp20: 20.5236
MAexp50: 20.4806
MAexp100: 20.4370
Price / MA7: +0.49%
Price / MA20: +0.18%
Price / MA50: +0.57%
Price / MA100: +1.39%
Price / MAexp7: -0.03%
Price / MAexp20: +0.04%
Price / MAexp50: +0.25%
Price / MAexp100: +0.46%

Quotes : 02/12/2024 - 08:14 - 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.

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