EUR/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURZAR
ISIN:

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

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 19.8865 ZAR

My targets

21.2427 ZAR (+0.7105)

My analysis

EUR/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.8865 ZAR. The next resistance located at 21.2427 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

Comment on the analysis

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:

Additional analysis

Quotes

EUR/ZAR rating 20.5322 ZAR. The price registered an increase of +0.24% over 5 days and has been traded over the last 5 days between 20.3400 ZAR and 20.5827 ZAR. This implies that the 5 day price is +0.94% from its lowest point and -0.25% from its highest point.

20.3400

20.5827

20.5322

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/ZAR:

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

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 Weekly chart of EUR/ZAR indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Near resistance of channel

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	17.1461	18.3832	19.5641	20.5322	21.2427
Change (%)	-16.49%	-10.47%	-4.72%	-	+3.46%
Change	-3.3861	-2.1490	-0.9681	-	+0.7105
Level	Minor	Major	Major	-	Major

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
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

Weekly

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

Monthly

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.86
MACD (12,26,9):	0.1205
Directional Movement:	4.5574
AROON (14):	78.5714
DEMA (21):	20.4882
Parabolic SAR (0,02-0,02-0,2):	19.8392
Elder Ray (13):	0.1293
Super Trend (3,10):	21.4347
Zig ZAG (10):	20.5128
VORTEX (21):	1.0502
Stochastique (14,3,5):	66.91
TEMA (21):	20.4469
Williams %R (14):	-33.26
Chande Momentum Oscillator (20):	-0.0266
Repulse (5,40,3):	0.9866
ROCnROLL:	1
TRIX (15,9):	0.0605
Courbe Coppock:	4.12

MA7:	20.4310
MA20:	20.4947
MA50:	20.4149
MA100:	20.2490
MAexp7:	20.4602
MAexp20:	20.3312
MAexp50:	19.9622
MAexp100:	19.2994
Price / MA7:	+0.50%
Price / MA20:	+0.18%
Price / MA50:	+0.57%
Price / MA100:	+1.40%
Price / MAexp7:	+0.35%
Price / MAexp20:	+0.99%
Price / MAexp50:	+2.86%
Price / MAexp100:	+6.39%

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:

EUR/ZAR To Remain Weak

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

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