GBP/ZAR - 1H - Technical analysis published on 08/07/2022 (GMT)
- 240
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Neutral between 20.2149 ZAR and 20.3037 ZAR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on GBP/ZAR. It is difficult to advise a trading direction under these conditions. The first support is located at 20.2149 ZAR. The first resistance is located at 20.3037 ZAR. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/ZAR price is 20.2565 ZAR. On the day, this instrument gained +0.00% with the lowest point at 20.1899 ZAR and the highest point at 20.2835 ZAR. The deviation from the price is +0.33% for the low point and -0.13% for the high point.20.1899
20.2835
20.2565
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/ZAR in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. 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 a result that can have an impact on the price change:
Near resistance of channel
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 | 20.0534 | 20.1329 | 20.2149 | 20.2565 | 20.3037 | 20.4004 | 20.4551 |
| Change (%) | -1.00% | -0.61% | -0.21% | - | +0.23% | +0.71% | +0.98% |
| Change | -0.2031 | -0.1236 | -0.0416 | - | +0.0472 | +0.1439 | +0.1986 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 19.8228 | 19.9676 | 20.1122 | 20.2570 | 20.4016 | 20.5464 | 20.6910 |
| Camarilla | 20.1771 | 20.2036 | 20.2302 | 20.2567 | 20.2832 | 20.3098 | 20.3363 |
| Woodie | 19.8226 | 19.9676 | 20.1120 | 20.2570 | 20.4014 | 20.5464 | 20.6908 |
| Fibonacci | 19.9676 | 20.0782 | 20.1465 | 20.2570 | 20.3676 | 20.4359 | 20.5464 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.5627 | 19.8080 | 20.0324 | 20.2777 | 20.5021 | 20.7474 | 20.9718 |
| Camarilla | 20.1275 | 20.1706 | 20.2136 | 20.2567 | 20.2998 | 20.3428 | 20.3859 |
| Woodie | 19.5522 | 19.8028 | 20.0219 | 20.2725 | 20.4916 | 20.7422 | 20.9613 |
| Fibonacci | 19.8080 | 19.9875 | 20.0983 | 20.2777 | 20.4572 | 20.5680 | 20.7474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.7226 | 19.1859 | 19.7062 | 20.1695 | 20.6898 | 21.1531 | 21.6734 |
| Camarilla | 19.9561 | 20.0463 | 20.1364 | 20.2266 | 20.3168 | 20.4069 | 20.4971 |
| Woodie | 18.7512 | 19.2002 | 19.7348 | 20.1838 | 20.7184 | 21.1674 | 21.7020 |
| Fibonacci | 19.1859 | 19.5616 | 19.7937 | 20.1695 | 20.5452 | 20.7773 | 21.1531 |
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): | 52.81 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 8.1472 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 20.2360 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.2222 | |
| Elder Ray (13): | 0.0086 | |
| Super Trend (3,10): | 20.2875 | |
| Zig ZAG (10): | 20.2567 | |
| VORTEX (21): | 1.0451 | |
| Stochastique (14,3,5): | 49.40 | |
| TEMA (21): | 20.2617 | |
| Williams %R (14): | -50.17 | |
| Chande Momentum Oscillator (20): | 0.0715 | |
| Repulse (5,40,3): | 0.0193 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 0.78 |
| MA7: | 20.2700 | |
| MA20: | 20.3104 | |
| MA50: | 19.8801 | |
| MA100: | 19.7184 | |
| MAexp7: | 20.2532 | |
| MAexp20: | 20.2381 | |
| MAexp50: | 20.2578 | |
| MAexp100: | 20.2698 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | +1.89% | |
| Price / MA100: | +2.73% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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