GBP/ZAR
GBP ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPZAR
ISIN:

GBP/ZAR - Daily - Technical analysis published on 11/03/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 20.5115 ZAR
My targets
20.9867 ZAR (+0.1903)
21.7215 ZAR (+0.9251)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/ZAR as long as the price remains well above 20.5115 ZAR. The buyers' bullish objective is set at 20.9867 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.7215 ZAR. If there is any crossing, the next objective would be the resistance located at 23.6066 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/ZAR rating is 20.7964 ZAR. On the day, this instrument lost -0.01% and was traded between 20.7606 ZAR and 20.8266 ZAR over the period. The price is currently at +0.17% from its lowest and -0.15% from its highest.

20.7606
20.8266
20.7964

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GBP/ZAR chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.5398 20.1505 20.5115 20.7964 20.9867 21.7215 23.6066
Change (%) -6.04% -3.11% -1.37% - +0.92% +4.45% +13.51%
Change -1.2566 -0.6459 -0.2849 - +0.1903 +0.9251 +2.8102
Level Intermediate Intermediate Major - Major Intermediate Minor



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
Standard20.572320.667720.733420.828820.894520.989921.0556
Camarilla20.754720.769520.784220.799020.813820.828520.8433
Woodie20.557420.660320.718520.821420.879620.982521.0407
Fibonacci20.667720.729320.767320.828820.890420.928420.9899


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.936720.184520.629420.877221.322121.569922.0148
Camarilla20.883920.947421.010921.074421.137921.201421.2649
Woodie20.035420.233820.728120.926521.420821.619222.1135
Fibonacci20.184520.449120.612620.877221.141821.305321.5699


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.897219.399020.218420.720221.539622.041422.8608
Camarilla20.674420.795520.916621.037721.158821.279921.4010
Woodie19.055919.478420.377120.799621.698322.120823.0195
Fibonacci19.399019.903720.215520.720221.224921.536722.0414

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): 59.60
MACD (12,26,9): 0.2161
Directional Movement: 6.0277
AROON (14): 78.5714
DEMA (21): 20.9161
Parabolic SAR (0,02-0,02-0,2): 21.2129
Elder Ray (13): 0.0418
Super Trend (3,10): 20.2698
Zig ZAG (10): 20.7940
VORTEX (21): 1.1300
Stochastique (14,3,5): 58.20
TEMA (21): 21.0163
Williams %R (14): -48.94
Chande Momentum Oscillator (20): 0.3151
Repulse (5,40,3): -0.2611
ROCnROLL: 1
TRIX (15,9): 0.1542
Courbe Coppock: 5.32
MA7: 20.8987
MA20: 20.6002
MA50: 20.2063
MA100: 20.1132
MAexp7: 20.8395
MAexp20: 20.6334
MAexp50: 20.3489
MAexp100: 20.1953
Price / MA7: -0.49%
Price / MA20: +0.95%
Price / MA50: +2.92%
Price / MA100: +3.40%
Price / MAexp7: -0.20%
Price / MAexp20: +0.80%
Price / MAexp50: +2.21%
Price / MAexp100: +2.98%

Quotes : - Real time data - Forex

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

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