GBP/ZAR - 1H - Technical analysis published on 08/11/2023 (GMT)
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- 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
56%
11%
33%
My opinion
Neutral between 23.8252 ZAR and 24.0432 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 23.8252 ZAR. The first resistance is located at 24.0432 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.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/ZAR rating is 23.9433 ZAR. The price registered an increase of +0.32% on the session with the lowest point at 23.8191 ZAR and the highest point at 23.9460 ZAR. The deviation from the price is +0.52% for the low point and -0.01% for the high point.23.8191
23.9460
23.9433
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
Here is a more detailed summary of the historical variations registered by GBP/ZAR:
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
A technical analysis in 1H of this GBP/ZAR chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
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 | 23.4845 | 23.6066 | 23.8252 | 23.9433 | 24.0432 | 24.2887 | 24.5070 |
| Change (%) | -1.92% | -1.41% | -0.49% | - | +0.42% | +1.44% | +2.35% |
| Change | -0.4588 | -0.3367 | -0.1181 | - | +0.0999 | +0.3454 | +0.5637 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 23.3365 | 23.5647 | 23.7154 | 23.9436 | 24.0943 | 24.3225 | 24.4732 |
| Camarilla | 23.7619 | 23.7966 | 23.8314 | 23.8661 | 23.9008 | 23.9356 | 23.9703 |
| Woodie | 23.2978 | 23.5453 | 23.6767 | 23.9242 | 24.0556 | 24.3031 | 24.4345 |
| Fibonacci | 23.5647 | 23.7094 | 23.7989 | 23.9436 | 24.0883 | 24.1778 | 24.3225 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.5729 | 22.0835 | 22.8071 | 23.3177 | 24.0413 | 24.5519 | 25.2755 |
| Camarilla | 23.1912 | 23.3043 | 23.4175 | 23.5306 | 23.6437 | 23.7569 | 23.8700 |
| Woodie | 21.6793 | 22.1368 | 22.9135 | 23.3710 | 24.1477 | 24.6052 | 25.3819 |
| Fibonacci | 22.0835 | 22.5550 | 22.8463 | 23.3177 | 23.7892 | 24.0805 | 24.5519 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.1111 | 21.3002 | 22.1166 | 23.3057 | 24.1221 | 25.3112 | 26.1276 |
| Camarilla | 22.3816 | 22.5654 | 22.7493 | 22.9331 | 23.1169 | 23.3008 | 23.4846 |
| Woodie | 19.9249 | 21.2070 | 21.9304 | 23.2125 | 23.9359 | 25.2180 | 25.9414 |
| Fibonacci | 21.3002 | 22.0663 | 22.5396 | 23.3057 | 24.0718 | 24.5451 | 25.3112 |
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): | 41.70 | |
| MACD (12,26,9): | -0.0340 | |
| Directional Movement: | -7.5141 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 23.8693 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.8414 | |
| Elder Ray (13): | 0.0087 | |
| Super Trend (3,10): | 24.0276 | |
| Zig ZAG (10): | 23.9041 | |
| VORTEX (21): | 0.9451 | |
| Stochastique (14,3,5): | 86.25 | |
| TEMA (21): | 23.8683 | |
| Williams %R (14): | -22.61 | |
| Chande Momentum Oscillator (20): | 0.0191 | |
| Repulse (5,40,3): | -0.0305 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0311 | |
| Courbe Coppock: | 0.04 |
| MA7: | 23.8852 | |
| MA20: | 23.3382 | |
| MA50: | 23.5408 | |
| MA100: | 23.3749 | |
| MAexp7: | 23.9014 | |
| MAexp20: | 23.9215 | |
| MAexp50: | 23.9706 | |
| MAexp100: | 23.9150 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | +1.71% | |
| Price / MA100: | +2.43% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +0.12% |
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.
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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