NZD/ZAR - 1H - Technical analysis published on 02/04/2021 (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:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 10.7550 ZAR
My targets
10.8061 ZAR (+0.0251)
10.8694 ZAR (+0.0884)
My analysis
The strong short-term increase for NZD/ZAR reinforces the current slightly bullish trend. As long as the price remains above 10.7550 ZAR, you could take advantage of this bullish acceleration. The first bullish objective is located at 10.8061 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.8694 ZAR as an objective. Crossing it would then enable buyers to target 10.9534 ZAR. A return to 10.7550 ZAR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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
NZD/ZAR rating 10.7810 ZAR. On the day, this instrument lost -0.10% and was between 10.7613 ZAR and 10.8249 ZAR. This implies that the price is at +0.18% from its lowest and at -0.41% from its highest.10.7613
10.8249
10.7810
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 NZD/ZAR:
Technical
A technical analysis in 1H of this NZD/ZAR chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 10.6891 | 10.7215 | 10.7550 | 10.7810 | 10.8061 | 10.8694 | 10.9534 |
| Change (%) | -0.85% | -0.55% | -0.24% | - | +0.23% | +0.82% | +1.60% |
| Change | -0.0919 | -0.0595 | -0.0260 | - | +0.0251 | +0.0884 | +0.1724 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6560 | 10.6888 | 10.7403 | 10.7731 | 10.8246 | 10.8574 | 10.9089 |
| Camarilla | 10.7687 | 10.7765 | 10.7842 | 10.7919 | 10.7996 | 10.8074 | 10.8151 |
| Woodie | 10.6655 | 10.6935 | 10.7498 | 10.7778 | 10.8341 | 10.8621 | 10.9184 |
| Fibonacci | 10.6888 | 10.7210 | 10.7409 | 10.7731 | 10.8053 | 10.8252 | 10.8574 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5335 | 10.6605 | 10.7682 | 10.8952 | 11.0029 | 11.1299 | 11.2376 |
| Camarilla | 10.8115 | 10.8330 | 10.8545 | 10.8760 | 10.8975 | 10.9190 | 10.9405 |
| Woodie | 10.5240 | 10.6557 | 10.7587 | 10.8904 | 10.9934 | 11.1251 | 11.2281 |
| Fibonacci | 10.6605 | 10.7501 | 10.8055 | 10.8952 | 10.9848 | 11.0402 | 11.1299 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7282 | 10.1009 | 10.4884 | 10.8611 | 11.2486 | 11.6213 | 12.0088 |
| Camarilla | 10.6669 | 10.7366 | 10.8063 | 10.8760 | 10.9457 | 11.0154 | 11.0851 |
| Woodie | 9.7357 | 10.1046 | 10.4959 | 10.8648 | 11.2561 | 11.6250 | 12.0163 |
| Fibonacci | 10.1009 | 10.3913 | 10.5707 | 10.8611 | 11.1515 | 11.3309 | 11.6213 |
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): | 57.41 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 10.9368 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 10.7853 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7544 | |
| Elder Ray (13): | 0.0230 | |
| Super Trend (3,10): | 10.8016 | |
| Zig ZAG (10): | 10.7912 | |
| VORTEX (21): | 1.0266 | |
| Stochastique (14,3,5): | 58.15 | |
| TEMA (21): | 10.7895 | |
| Williams %R (14): | -63.71 | |
| Chande Momentum Oscillator (20): | 0.0047 | |
| Repulse (5,40,3): | -0.1843 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0065 | |
| Courbe Coppock: | 0.38 |
| MA7: | 10.8340 | |
| MA20: | 10.8731 | |
| MA50: | 10.7213 | |
| MA100: | 10.7939 | |
| MAexp7: | 10.7853 | |
| MAexp20: | 10.7778 | |
| MAexp50: | 10.7762 | |
| MAexp100: | 10.7942 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.12% |
Quotes :
2021-02-04 08:12:59
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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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