Open: | 19.5229 |
Change: | -0.3035 |
Volume: | 307,838 |
Low: | 19.1699 |
High: | 19.5387 |
High / Low range: | 0.3688 |
Type: | Forex |
Ticker: | EURZAR |
ISIN: |
EUR/ZAR - Daily - Technical analysis published on 02/12/2024 (GMT)
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- 02/12/2024 - 08:14
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- Timeframe : Daily
- - Analysis generated on 02/12/2024 - 08:14
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
EUR/ZAR rating 20.5315 ZAR. On the day, this instrument lost -0.01% 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.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 Daily chart of EUR/ZAR indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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 resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 19.5641 | 19.8592 | 20.1738 | 20.5315 | 20.5953 | 20.8912 | 21.2427 |
Change (%) | -4.71% | -3.27% | -1.74% | - | +0.31% | +1.75% | +3.46% |
Change | -0.9674 | -0.6723 | -0.3577 | - | +0.0638 | +0.3597 | +0.7112 |
Level | Major | Minor | Intermediate | - | Minor | Major | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
RSI (14): | 52.51 | |
MACD (12,26,9): | -0.0006 | |
Directional Movement: | 5.7480 | |
AROON (14): | -50.0000 | |
DEMA (21): | 20.4436 | |
Parabolic SAR (0,02-0,02-0,2): | 20.1427 | |
Elder Ray (13): | 0.0815 | |
Super Trend (3,10): | 20.1288 | |
Zig ZAG (10): | 20.5132 | |
VORTEX (21): | 1.0246 | |
Stochastique (14,3,5): | 52.62 | |
TEMA (21): | 20.4123 | |
Williams %R (14): | -32.85 | |
Chande Momentum Oscillator (20): | 0.0331 | |
Repulse (5,40,3): | 0.9448 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0022 | |
Courbe Coppock: | 2.11 |
MA7: | 20.4310 | |
MA20: | 20.4947 | |
MA50: | 20.4149 | |
MA100: | 20.2490 | |
MAexp7: | 20.4486 | |
MAexp20: | 20.4399 | |
MAexp50: | 20.3982 | |
MAexp100: | 20.3263 | |
Price / MA7: | +0.49% | |
Price / MA20: | +0.18% | |
Price / MA50: | +0.57% | |
Price / MA100: | +1.40% | |
Price / MAexp7: | +0.41% | |
Price / MAexp20: | +0.45% | |
Price / MAexp50: | +0.65% | |
Price / MAexp100: | +1.01% |
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:
- 03/08/2016 - 08:53 EUR/ZAR To Remain Weak
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