GBP/ZAR - 1H - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 19.8927 ZAR
My targets
19.8236 ZAR (-0.0479)
19.7537 ZAR (-0.1178)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GBP/ZAR as long as the price remains well below 19.8927 ZAR. The next bearish objective for sellers is set at 19.8236 ZAR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 19.7537 ZAR. If there is any crossing, the next objective would be the support located at 19.6746 ZAR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/ZAR rating is 19.8715 ZAR. The price registered a decrease of -0.03% on the session and was traded between 19.8306 ZAR and 19.9403 ZAR over the period. The price is currently at +0.21% from its lowest and -0.35% from its highest.19.8306
19.9403
19.8715
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/ZAR in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.6746 | 19.7537 | 19.8236 | 19.8715 | 19.8927 | 19.9651 | 20.0132 |
| Change (%) | -0.99% | -0.59% | -0.24% | - | +0.11% | +0.47% | +0.71% |
| Change | -0.1969 | -0.1178 | -0.0479 | - | +0.0212 | +0.0936 | +0.1417 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.6717 | 19.7479 | 19.8128 | 19.8890 | 19.9539 | 20.0301 | 20.0950 |
| Camarilla | 19.8390 | 19.8519 | 19.8649 | 19.8778 | 19.8907 | 19.9037 | 19.9166 |
| Woodie | 19.6662 | 19.7451 | 19.8073 | 19.8862 | 19.9484 | 20.0273 | 20.0895 |
| Fibonacci | 19.7479 | 19.8018 | 19.8351 | 19.8890 | 19.9429 | 19.9762 | 20.0301 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.4675 | 19.5673 | 19.7495 | 19.8493 | 20.0315 | 20.1313 | 20.3135 |
| Camarilla | 19.8541 | 19.8799 | 19.9058 | 19.9316 | 19.9575 | 19.9833 | 20.0092 |
| Woodie | 19.5086 | 19.5879 | 19.7906 | 19.8699 | 20.0726 | 20.1519 | 20.3546 |
| Fibonacci | 19.5673 | 19.6751 | 19.7416 | 19.8493 | 19.9571 | 20.0236 | 20.1313 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.5863 | 19.0382 | 19.5338 | 19.9857 | 20.4813 | 20.9332 | 21.4288 |
| Camarilla | 19.7689 | 19.8558 | 19.9427 | 20.0295 | 20.1164 | 20.2032 | 20.2901 |
| Woodie | 18.6083 | 19.0491 | 19.5558 | 19.9966 | 20.5033 | 20.9441 | 21.4508 |
| Fibonacci | 19.0382 | 19.4001 | 19.6237 | 19.9857 | 20.3476 | 20.5712 | 20.9332 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.74 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | 1.6794 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 19.8737 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.8437 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 19.9475 | |
| Zig ZAG (10): | 19.8646 | |
| VORTEX (21): | 1.0361 | |
| Stochastique (14,3,5): | 33.27 | |
| TEMA (21): | 19.8751 | |
| Williams %R (14): | -64.72 | |
| Chande Momentum Oscillator (20): | -0.0183 | |
| Repulse (5,40,3): | -0.0789 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.05 |
| MA7: | 19.8779 | |
| MA20: | 19.8849 | |
| MA50: | 20.1123 | |
| MA100: | 20.3723 | |
| MAexp7: | 19.8819 | |
| MAexp20: | 19.8809 | |
| MAexp50: | 19.8893 | |
| MAexp100: | 19.8862 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -2.46% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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