NZD/ZAR - 1H - Technical analysis published on 12/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 10.5933 ZAR
My targets
10.5054 ZAR (-0.0481)
10.4526 ZAR (-0.1009)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/ZAR. As long as you are under the resistance located at 10.5933 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 10.5054 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 10.4526 ZAR as an objective. Crossing it would then enable sellers to target 10.1693 ZAR. If the resistance 10.5933 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/ZAR rating is 10.5535 ZAR. On the day, this instrument gained +0.18% and was traded between 10.5216 ZAR and 10.5671 ZAR over the period. The price is currently at +0.30% from its lowest and -0.13% from its highest.10.5216
10.5671
10.5535
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 triangle
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1693 | 10.4526 | 10.5054 | 10.5535 | 10.5933 | 10.6658 | 10.7425 |
| Change (%) | -3.64% | -0.96% | -0.46% | - | +0.38% | +1.06% | +1.79% |
| Change | -0.3842 | -0.1009 | -0.0481 | - | +0.0398 | +0.1123 | +0.1890 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
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 | 10.3723 | 10.4282 | 10.4815 | 10.5374 | 10.5907 | 10.6466 | 10.6999 |
| Camarilla | 10.5048 | 10.5148 | 10.5248 | 10.5348 | 10.5448 | 10.5548 | 10.5648 |
| Woodie | 10.3710 | 10.4276 | 10.4802 | 10.5368 | 10.5894 | 10.6460 | 10.6986 |
| Fibonacci | 10.4282 | 10.4699 | 10.4957 | 10.5374 | 10.5791 | 10.6049 | 10.6466 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2221 | 10.3374 | 10.5241 | 10.6394 | 10.8261 | 10.9414 | 11.1281 |
| Camarilla | 10.6279 | 10.6555 | 10.6832 | 10.7109 | 10.7386 | 10.7663 | 10.7940 |
| Woodie | 10.2579 | 10.3553 | 10.5599 | 10.6573 | 10.8619 | 10.9593 | 11.1639 |
| Fibonacci | 10.3374 | 10.4527 | 10.5240 | 10.6394 | 10.7547 | 10.8260 | 10.9414 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0513 | 10.2302 | 10.5321 | 10.7110 | 11.0129 | 11.1918 | 11.4937 |
| Camarilla | 10.7019 | 10.7460 | 10.7900 | 10.8341 | 10.8782 | 10.9223 | 10.9663 |
| Woodie | 10.1129 | 10.2610 | 10.5937 | 10.7418 | 11.0745 | 11.2226 | 11.5553 |
| Fibonacci | 10.2302 | 10.4138 | 10.5273 | 10.7110 | 10.8946 | 11.0081 | 11.1918 |
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): | 51.68 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -0.0184 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 10.5405 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.5084 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 10.5732 | |
| Zig ZAG (10): | 10.5499 | |
| VORTEX (21): | 0.9633 | |
| Stochastique (14,3,5): | 80.92 | |
| TEMA (21): | 10.5504 | |
| Williams %R (14): | -15.54 | |
| Chande Momentum Oscillator (20): | 0.0277 | |
| Repulse (5,40,3): | 0.0301 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.38 |
| MA7: | 10.5923 | |
| MA20: | 10.6573 | |
| MA50: | 10.7296 | |
| MA100: | 10.9803 | |
| MAexp7: | 10.5465 | |
| MAexp20: | 10.5454 | |
| MAexp50: | 10.5638 | |
| MAexp100: | 10.5897 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -1.64% | |
| Price / MA100: | -3.89% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.34% |
Quotes :
2020-12-17 08:18:58
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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.
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