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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 10/17/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 23.0073 ZAR
My targets
23.1208 ZAR (+0.0429)
23.3932 ZAR (+0.3153)
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 23.0073 ZAR. The buyers' bullish objective is set at 23.1208 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.3932 ZAR. If there is any crossing, the next objective would be the resistance located at 23.7667 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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 23.0779 ZAR. On the day, this instrument gained +0.64% with the lowest point at 22.8768 ZAR and the highest point at 23.0910 ZAR. The deviation from the price is +0.88% for the low point and -0.06% for the high point.

22.8768
23.0910
23.0779

Here is a more detailed summary of the historical variations registered by GBP/ZAR:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


A technical analysis in 1H of this GBP/ZAR chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Grip bottom and hammer

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.9748 23.0073 23.0582 23.0779 23.1208 23.3932 23.7667
Change (%) -0.45% -0.31% -0.09% - +0.19% +1.37% +2.98%
Change -0.1031 -0.0706 -0.0197 - +0.0429 +0.3153 +0.6888
Level Major Minor Major - Major Minor 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
Standard22.569922.703722.817122.950923.064323.198123.3115
Camarilla22.862522.885222.907822.930522.953222.975822.9985
Woodie22.559722.698622.806922.945823.054123.193023.3013
Fibonacci22.703722.798122.856522.950923.045323.103723.1981


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.174022.439822.589122.854923.004223.270023.4193
Camarilla22.624222.662222.700322.738322.776422.814422.8525
Woodie22.115722.410722.530822.825822.945923.240923.3610
Fibonacci22.439822.598422.696422.854923.013523.111523.2700


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.915922.359122.742823.186023.569724.012924.3966
Camarilla22.899222.975023.050823.126623.202423.278223.3540
Woodie21.886322.344222.713223.171123.540123.998024.3670
Fibonacci22.359122.674922.870123.186023.501823.697024.0129

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): 64.94
MACD (12,26,9): 0.0224
Directional Movement: 14.7530
AROON (14): 85.7143
DEMA (21): 22.9909
Parabolic SAR (0,02-0,02-0,2): 22.9111
Elder Ray (13): 0.0544
Super Trend (3,10): 22.9169
Zig ZAG (10): 23.0412
VORTEX (21): 1.1302
Stochastique (14,3,5): 91.73
TEMA (21): 23.0202
Williams %R (14): -10.59
Chande Momentum Oscillator (20): 0.1118
Repulse (5,40,3): 0.1518
ROCnROLL: 1
TRIX (15,9): 0.0010
Courbe Coppock: 0.84
MA7: 22.9523
MA20: 23.0052
MA50: 23.2040
MA100: 23.3233
MAexp7: 23.0151
MAexp20: 22.9714
MAexp50: 22.9594
MAexp100: 22.9482
Price / MA7: +0.55%
Price / MA20: +0.32%
Price / MA50: -0.54%
Price / MA100: -1.05%
Price / MAexp7: +0.27%
Price / MAexp20: +0.46%
Price / MAexp50: +0.52%
Price / MAexp100: +0.57%

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 AI

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