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

GBP/ZAR - 1H - Technical analysis published on 07/05/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 23.7475 ZAR
My targets
23.6580 ZAR (-0.0530)
23.6066 ZAR (-0.1044)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/ZAR, which is a positive signal for sellers. As long as the price remains above 23.7475 ZAR, a sale could be considered. The first bearish objective is located at 23.6580 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.6066 ZAR as an objective. Crossing it would then enable sellers to target 23.4503 ZAR. If the price were to return above 23.7475 ZAR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/ZAR rating is 23.7110 ZAR. On the day, this instrument gained +0.00% and was traded between 23.6984 ZAR and 23.7434 ZAR over the period. The price is currently at +0.05% from its lowest and -0.14% from its highest.

23.6984
23.7434
23.7110

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/ZAR in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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


S3S2S1PriceR1R2R3
ProTrendLines 23.4503 23.6066 23.6580 23.7110 23.7475 23.8642 23.9568
Change (%) -1.10% -0.44% -0.22% - +0.15% +0.65% +1.04%
Change -0.2607 -0.1044 -0.0530 - +0.0365 +0.1532 +0.2458
Level Minor Major Intermediate - 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
Standard23.435523.547123.629523.741123.823523.935124.0175
Camarilla23.658723.676423.694223.712023.729823.747623.7654
Woodie23.421023.539823.615023.733823.809023.927824.0030
Fibonacci23.547123.621223.667023.741123.815223.861023.9351


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.918023.184123.554723.820824.191424.457524.8281
Camarilla23.750123.808523.866823.925223.983624.041924.1003
Woodie22.970223.210223.606923.846924.243624.483624.8803
Fibonacci23.184123.427423.577623.820824.064124.214324.4575


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.494122.306623.115923.928424.737725.550226.3595
Camarilla23.479223.627923.776523.925224.073924.222524.3712
Woodie21.492522.305823.114323.927624.736125.549426.3579
Fibonacci22.306622.926123.308923.928424.547924.930725.5502

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): 47.74
MACD (12,26,9): -0.0132
Directional Movement: 3.7208
AROON (14): -42.8571
DEMA (21): 23.7142
Parabolic SAR (0,02-0,02-0,2): 23.6751
Elder Ray (13): 0.0055
Super Trend (3,10): 23.8195
Zig ZAG (10): 23.7293
VORTEX (21): 1.0198
Stochastique (14,3,5): 47.59
TEMA (21): 23.7144
Williams %R (14): -70.09
Chande Momentum Oscillator (20): -0.0212
Repulse (5,40,3): -0.0578
ROCnROLL: 2
TRIX (15,9): -0.0113
Courbe Coppock: 0.04
MA7: 23.7162
MA20: 23.5535
MA50: 23.6930
MA100: 22.9941
MAexp7: 23.7239
MAexp20: 23.7347
MAexp50: 23.7579
MAexp100: 23.7491
Price / MA7: -0.02%
Price / MA20: +0.67%
Price / MA50: +0.08%
Price / MA100: +3.12%
Price / MAexp7: -0.05%
Price / MAexp20: -0.10%
Price / MAexp50: -0.20%
Price / MAexp100: -0.16%

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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Londinia
Londinia AI

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