GBP/ZAR - 1H - Technical analysis published on 11/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 20.4772 ZAR
My targets
20.3588 ZAR (-0.1114)
20.1316 ZAR (-0.3386)
My analysis
GBP/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.4772 ZAR. The next support located at 20.3588 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 20.1316 ZAR. Below this support, sellers could then target 19.9253 ZAR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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
GBP/ZAR rating 20.4702 ZAR. The price registered a decrease of -0.37% on the session and was traded between 20.3578 ZAR and 20.6163 ZAR over the period. The price is currently at +0.55% from its lowest and -0.71% from its highest.20.3578
20.6163
20.4702
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
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/ZAR chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by 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
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 19.9253 | 20.1316 | 20.3588 | 20.4702 | 20.4822 | 20.6484 | 20.7507 |
| Change (%) | -2.66% | -1.65% | -0.54% | - | +0.06% | +0.87% | +1.37% |
| Change | -0.5449 | -0.3386 | -0.1114 | - | +0.0120 | +0.1782 | +0.2805 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 20.1767 | 20.2832 | 20.4150 | 20.5215 | 20.6533 | 20.7598 | 20.8916 |
| Camarilla | 20.4814 | 20.5032 | 20.5251 | 20.5469 | 20.5687 | 20.5906 | 20.6124 |
| Woodie | 20.1895 | 20.2895 | 20.4278 | 20.5278 | 20.6661 | 20.7661 | 20.9044 |
| Fibonacci | 20.2832 | 20.3742 | 20.4304 | 20.5215 | 20.6125 | 20.6687 | 20.7598 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.5797 | 19.8556 | 20.2013 | 20.4772 | 20.8229 | 21.0988 | 21.4445 |
| Camarilla | 20.3760 | 20.4329 | 20.4899 | 20.5469 | 20.6039 | 20.6609 | 20.7178 |
| Woodie | 19.6145 | 19.8731 | 20.2361 | 20.4947 | 20.8577 | 21.1163 | 21.4793 |
| Fibonacci | 19.8556 | 20.0931 | 20.2398 | 20.4772 | 20.7147 | 20.8614 | 21.0988 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.27 | |
| MACD (12,26,9): | -0.0296 | |
| Directional Movement: | -3.5112 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 20.4503 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.6937 | |
| Elder Ray (13): | -0.0235 | |
| Super Trend (3,10): | 20.6340 | |
| Zig ZAG (10): | 20.4415 | |
| VORTEX (21): | 0.9395 | |
| Stochastique (14,3,5): | 29.26 | |
| TEMA (21): | 20.4212 | |
| Williams %R (14): | -64.78 | |
| Chande Momentum Oscillator (20): | -0.1452 | |
| Repulse (5,40,3): | -0.0448 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0128 | |
| Courbe Coppock: | 1.74 |
| MA7: | 20.4409 | |
| MA20: | 20.5171 | |
| MA50: | 20.3040 | |
| MA100: | 20.2422 | |
| MAexp7: | 20.4525 | |
| MAexp20: | 20.4822 | |
| MAexp50: | 20.5028 | |
| MAexp100: | 20.5062 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.18% |
Quotes :
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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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