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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 02/21/2025 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 23.2482 ZAR
My targets
23.1731 ZAR (-0.0508)
23.0653 ZAR (-0.1586)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/ZAR as long as the price remains well below 23.2482 ZAR. The next bearish objective for sellers is set at 23.1731 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.0653 ZAR. In case of crossing, the next objective would be the support located at 22.9182 ZAR.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3

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.

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

Additional analysis

Quotes

GBP/ZAR rating 23.2239 ZAR. On the day, this instrument gained +0.00% with the lowest point at 23.1988 ZAR and the highest point at 23.2423 ZAR. The deviation from the price is +0.11% for the low point and -0.08% for the high point.

23.1988
23.2423
23.2239

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 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


Technical analysis of this 1H chart of GBP/ZAR indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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 : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.9182 23.0653 23.1731 23.2239 23.2482 23.3583 23.6559
Change (%) -1.32% -0.68% -0.22% - +0.10% +0.58% +1.86%
Change -0.3057 -0.1586 -0.0508 - +0.0243 +0.1344 +0.4320
Level Minor Major Major - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.984623.086423.155523.257323.326423.428223.4973
Camarilla23.177723.193423.209023.224723.240423.256023.2717
Woodie22.968423.078223.139323.249123.310223.420023.4811
Fibonacci23.086423.151723.192023.257323.322623.362923.4282


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.255122.502522.814723.062123.374323.621723.9339
Camarilla22.972923.024223.075523.126823.178123.229423.2807
Woodie22.287422.518722.847023.078323.406623.637923.9662
Fibonacci22.502522.716322.848423.062123.275923.408023.6217


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.794922.253422.701323.159823.607724.066224.5141
Camarilla22.900022.983123.066223.149323.232423.315523.3986
Woodie21.789722.250822.696123.157223.602524.063624.5089
Fibonacci22.253422.599622.813523.159823.506023.719924.0662

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 44.02
MACD (12,26,9): -0.0165
Directional Movement: -5.8572
AROON (14): -21.4286
DEMA (21): 23.2220
Parabolic SAR (0,02-0,02-0,2): 23.1960
Elder Ray (13): -0.0057
Super Trend (3,10): 23.3332
Zig ZAG (10): 23.2247
VORTEX (21): 0.9284
Stochastique (14,3,5): 43.17
TEMA (21): 23.2090
Williams %R (14): -61.44
Chande Momentum Oscillator (20): 0.0085
Repulse (5,40,3): 0.0105
ROCnROLL: 2
TRIX (15,9): -0.0114
Courbe Coppock: 0.33
MA7: 23.2297
MA20: 23.1507
MA50: 23.1287
MA100: 23.0079
MAexp7: 23.2269
MAexp20: 23.2432
MAexp50: 23.2544
MAexp100: 23.2289
Price / MA7: -0.02%
Price / MA20: +0.32%
Price / MA50: +0.41%
Price / MA100: +0.94%
Price / MAexp7: -0.01%
Price / MAexp20: -0.08%
Price / MAexp50: -0.13%
Price / MAexp100: -0.02%

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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