JPY/ZAR - 1H - Technical analysis published on 01/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.12809 ZAR
My targets
0.12693 ZAR (-0.00100)
0.12663 ZAR (-0.00130)
My analysis
The bearish trend is currently very strong for JPY/ZAR. As long as the price remains below the resistance at 0.12809 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.12693 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.12663 ZAR as an objective. Crossing it would then enable sellers to target 0.12458 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
JPY/ZAR rating 0.12793 ZAR. The price is lower by -0.08% since the last closing with the lowest point at 0.12745 ZAR and the highest point at 0.12853 ZAR. The deviation from the price is +0.38% for the low point and -0.47% for the high point.0.12745
0.12853
0.12793
Here is a more detailed summary of the historical variations registered by JPY/ZAR:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by 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.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.12197 | 0.12458 | 0.12663 | 0.12793 | 0.12809 | 0.12878 | 0.12990 |
| Change (%) | -4.66% | -2.62% | -1.02% | - | +0.13% | +0.66% | +1.54% |
| Change | -0.00596 | -0.00335 | -0.00130 | - | +0.00016 | +0.00085 | +0.00197 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12602 | 0.12699 | 0.12751 | 0.12848 | 0.12900 | 0.12997 | 0.13049 |
| Camarilla | 0.12762 | 0.12776 | 0.12789 | 0.12803 | 0.12817 | 0.12830 | 0.12844 |
| Woodie | 0.12580 | 0.12688 | 0.12729 | 0.12837 | 0.12878 | 0.12986 | 0.13027 |
| Fibonacci | 0.12699 | 0.12756 | 0.12791 | 0.12848 | 0.12905 | 0.12940 | 0.12997 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12506 | 0.12693 | 0.12806 | 0.12993 | 0.13106 | 0.13293 | 0.13406 |
| Camarilla | 0.12837 | 0.12864 | 0.12892 | 0.12919 | 0.12947 | 0.12974 | 0.13002 |
| Woodie | 0.12469 | 0.12675 | 0.12769 | 0.12975 | 0.13069 | 0.13275 | 0.13369 |
| Fibonacci | 0.12693 | 0.12808 | 0.12878 | 0.12993 | 0.13108 | 0.13178 | 0.13293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11984 | 0.12286 | 0.12627 | 0.12929 | 0.13270 | 0.13572 | 0.13913 |
| Camarilla | 0.12792 | 0.12851 | 0.12910 | 0.12969 | 0.13028 | 0.13087 | 0.13146 |
| Woodie | 0.12005 | 0.12296 | 0.12648 | 0.12939 | 0.13291 | 0.13582 | 0.13934 |
| Fibonacci | 0.12286 | 0.12531 | 0.12683 | 0.12929 | 0.13174 | 0.13326 | 0.13572 |
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): | 41.44 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -10.37328 | |
| AROON (14): | -85.71429 | |
| DEMA (21): | 0.12790 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.12830 | |
| Elder Ray (13): | -0.00001 | |
| Super Trend (3,10): | 0.12876 | |
| Zig ZAG (10): | 0.12792 | |
| VORTEX (21): | 0.9194 | |
| Stochastique (14,3,5): | 43.52 | |
| TEMA (21): | 0.12789 | |
| Williams %R (14): | -57.41 | |
| Chande Momentum Oscillator (20): | -0.00043 | |
| Repulse (5,40,3): | -0.1099 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.12902 | |
| MA20: | 0.12944 | |
| MA50: | 0.12696 | |
| MA100: | 0.12741 | |
| MAexp7: | 0.12797 | |
| MAexp20: | 0.12814 | |
| MAexp50: | 0.12848 | |
| MAexp100: | 0.12887 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.73% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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