GBP/ZAR - 1H - Technical analysis published on 11/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Bearish under 21.0518 ZAR
My targets
20.7339 ZAR (-0.1014)
20.4792 ZAR (-0.3561)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/ZAR as long as the price remains well below 21.0518 ZAR. The next bearish objective for sellers is set at 20.7339 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.4792 ZAR. In case of crossing, the next objective would be the support located at 20.1811 ZAR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 20.7339 ZAR. With this support, against the trend traders who want to buy GBP/ZAR on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.4
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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 20.8353 ZAR. The price is lower by -0.30% since the last closing with the lowest point at 20.8136 ZAR and the highest point at 20.9037 ZAR. The deviation from the price is +0.10% for the low point and -0.33% for the high point.20.8136
20.9037
20.8353
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/ZAR indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.8927 | 20.1811 | 20.4792 | 20.8353 | 20.8499 | 21.0518 | 21.4711 |
| Change (%) | -4.52% | -3.14% | -1.71% | - | +0.07% | +1.04% | +3.05% |
| Change | -0.9426 | -0.6542 | -0.3561 | - | +0.0146 | +0.2165 | +0.6358 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.4758 | 20.6506 | 20.7739 | 20.9487 | 21.0720 | 21.2468 | 21.3701 |
| Camarilla | 20.8153 | 20.8427 | 20.8700 | 20.8973 | 20.9246 | 20.9520 | 20.9793 |
| Woodie | 20.4502 | 20.6377 | 20.7483 | 20.9358 | 21.0464 | 21.2339 | 21.3445 |
| Fibonacci | 20.6506 | 20.7644 | 20.8348 | 20.9487 | 21.0625 | 21.1329 | 21.2468 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.4022 | 19.7916 | 20.3445 | 20.7339 | 21.2868 | 21.6762 | 22.2291 |
| Camarilla | 20.6382 | 20.7246 | 20.8109 | 20.8973 | 20.9837 | 21.0701 | 21.1564 |
| Woodie | 19.4839 | 19.8325 | 20.4262 | 20.7748 | 21.3685 | 21.7171 | 22.3108 |
| Fibonacci | 19.7916 | 20.1516 | 20.3740 | 20.7339 | 21.0939 | 21.3163 | 21.6762 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.8428 | 19.3442 | 20.1207 | 20.6221 | 21.3986 | 21.9000 | 22.6765 |
| Camarilla | 20.5459 | 20.6630 | 20.7802 | 20.8973 | 21.0144 | 21.1316 | 21.2487 |
| Woodie | 18.9805 | 19.4130 | 20.2584 | 20.6909 | 21.5363 | 21.9688 | 22.8142 |
| Fibonacci | 19.3442 | 19.8323 | 20.1339 | 20.6221 | 21.1102 | 21.4118 | 21.9000 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.74 | |
| MACD (12,26,9): | -0.0072 | |
| Directional Movement: | -3.2231 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 20.8697 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.8154 | |
| Elder Ray (13): | -0.0119 | |
| Super Trend (3,10): | 21.0032 | |
| Zig ZAG (10): | 20.8346 | |
| VORTEX (21): | 0.7949 | |
| Stochastique (14,3,5): | 40.34 | |
| TEMA (21): | 20.8413 | |
| Williams %R (14): | -81.85 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | 0.2353 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.51 |
| MA7: | 20.6401 | |
| MA20: | 20.3801 | |
| MA50: | 20.2183 | |
| MA100: | 20.1573 | |
| MAexp7: | 20.8723 | |
| MAexp20: | 20.8782 | |
| MAexp50: | 20.8416 | |
| MAexp100: | 20.7192 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | +3.05% | |
| Price / MA100: | +3.36% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.56% |
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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