GBP/ZAR - 1H - Technical analysis published on 05/09/2024 (GMT)
- 90
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
17%
39%
44%
My opinion
Neutral between 23.1015 ZAR and 23.2790 ZAR
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 23.1015 ZAR. The first resistance is located at 23.2790 ZAR. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish 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 23.2090 ZAR. On the day, this instrument gained +0.00% and was traded between 23.1898 ZAR and 23.2337 ZAR over the period. The price is currently at +0.08% from its lowest and -0.11% from its highest.23.1898
23.2337
23.2090
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/ZAR:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/ZAR in 1H shows an overall slightly bearish trend. Only 57.14% 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 bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.9374 | 23.1015 | 23.2072 | 23.2090 | 23.2790 | 23.3932 | 23.5982 |
Change (%) | -1.17% | -0.46% | -0.01% | - | +0.30% | +0.79% | +1.68% |
Change | -0.2716 | -0.1075 | -0.0018 | - | +0.0700 | +0.1842 | +0.3892 |
Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.9293 | 23.0206 | 23.1152 | 23.2065 | 23.3011 | 23.3924 | 23.4870 |
Camarilla | 23.1586 | 23.1756 | 23.1927 | 23.2097 | 23.2267 | 23.2438 | 23.2608 |
Woodie | 22.9309 | 23.0214 | 23.1168 | 23.2073 | 23.3027 | 23.3932 | 23.4886 |
Fibonacci | 23.0206 | 23.0917 | 23.1355 | 23.2065 | 23.2776 | 23.3214 | 23.3924 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.6082 | 22.8855 | 23.0435 | 23.3208 | 23.4788 | 23.7561 | 23.9141 |
Camarilla | 23.0817 | 23.1216 | 23.1615 | 23.2014 | 23.2413 | 23.2812 | 23.3211 |
Woodie | 22.5485 | 22.8557 | 22.9838 | 23.2910 | 23.4191 | 23.7263 | 23.8544 |
Fibonacci | 22.8855 | 23.0518 | 23.1546 | 23.3208 | 23.4871 | 23.5899 | 23.7561 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.5266 | 22.9383 | 23.2045 | 23.6162 | 23.8824 | 24.2941 | 24.5603 |
Camarilla | 23.2844 | 23.3465 | 23.4087 | 23.4708 | 23.5329 | 23.5951 | 23.6572 |
Woodie | 22.4540 | 22.9019 | 23.1319 | 23.5798 | 23.8098 | 24.2577 | 24.4877 |
Fibonacci | 22.9383 | 23.1972 | 23.3572 | 23.6162 | 23.8751 | 24.0351 | 24.2941 |
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): | 50.02 | |
MACD (12,26,9): | 0.0026 | |
Directional Movement: | 8.5050 | |
AROON (14): | 7.1428 | |
DEMA (21): | 23.2193 | |
Parabolic SAR (0,02-0,02-0,2): | 23.2627 | |
Elder Ray (13): | -0.0012 | |
Super Trend (3,10): | 23.1355 | |
Zig ZAG (10): | 23.2142 | |
VORTEX (21): | 1.0296 | |
Stochastique (14,3,5): | 21.25 | |
TEMA (21): | 23.2158 | |
Williams %R (14): | -71.62 | |
Chande Momentum Oscillator (20): | -0.0078 | |
Repulse (5,40,3): | -0.0112 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0050 | |
Courbe Coppock: | 0.18 |
MA7: | 23.2145 | |
MA20: | 23.4985 | |
MA50: | 23.7078 | |
MA100: | 23.7951 | |
MAexp7: | 23.2101 | |
MAexp20: | 23.2131 | |
MAexp50: | 23.2075 | |
MAexp100: | 23.2313 | |
Price / MA7: | -0.02% | |
Price / MA20: | -1.23% | |
Price / MA50: | -2.10% | |
Price / MA100: | -2.46% | |
Price / MAexp7: | +0.00% | |
Price / MAexp20: | -0.02% | |
Price / MAexp50: | +0.01% | |
Price / MAexp100: | -0.10% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis GBP/ZAR - 1H