NZD/ZAR - 1H - Technical analysis published on 04/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 10.2220 ZAR
My targets
10.3122 ZAR (+0.0407)
10.3460 ZAR (+0.0745)
My analysis
The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 10.2220 ZAR, you could try to benefit from the boom. The first bullish objective is located at 10.3122 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.3460 ZAR as an objective. Crossing it would then enable buyers to target 10.7355 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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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 10.2715 ZAR. The price has increased by +0.51% since the last closing with the lowest point at 10.2087 ZAR and the highest point at 10.3230 ZAR. The deviation from the price is +0.62% for the low point and -0.50% for the high point.10.2087
10.3230
10.2715
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1786 | 10.2220 | 10.2617 | 10.2715 | 10.3122 | 10.3460 | 10.7355 |
| Change (%) | -0.90% | -0.48% | -0.10% | - | +0.40% | +0.73% | +4.52% |
| Change | -0.0929 | -0.0495 | -0.0098 | - | +0.0407 | +0.0745 | +0.4640 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1025 | 10.1406 | 10.1800 | 10.2181 | 10.2575 | 10.2956 | 10.3350 |
| Camarilla | 10.1982 | 10.2053 | 10.2124 | 10.2195 | 10.2266 | 10.2337 | 10.2408 |
| Woodie | 10.1033 | 10.1409 | 10.1808 | 10.2184 | 10.2583 | 10.2959 | 10.3358 |
| Fibonacci | 10.1406 | 10.1702 | 10.1885 | 10.2181 | 10.2477 | 10.2660 | 10.2956 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9369 | 10.0422 | 10.1340 | 10.2393 | 10.3311 | 10.4364 | 10.5282 |
| Camarilla | 10.1717 | 10.1898 | 10.2078 | 10.2259 | 10.2440 | 10.2620 | 10.2801 |
| Woodie | 9.9303 | 10.0388 | 10.1274 | 10.2359 | 10.3245 | 10.4330 | 10.5216 |
| Fibonacci | 10.0422 | 10.1175 | 10.1640 | 10.2393 | 10.3146 | 10.3611 | 10.4364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2515 | 9.7738 | 10.0481 | 10.5704 | 10.8447 | 11.3670 | 11.6413 |
| Camarilla | 10.1033 | 10.1764 | 10.2494 | 10.3224 | 10.3954 | 10.4684 | 10.5415 |
| Woodie | 9.1275 | 9.7118 | 9.9241 | 10.5084 | 10.7207 | 11.3050 | 11.5173 |
| Fibonacci | 9.7738 | 10.0781 | 10.2661 | 10.5704 | 10.8747 | 11.0627 | 11.3670 |
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): | 54.75 | |
| MACD (12,26,9): | 0.0156 | |
| Directional Movement: | 0.9575 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 10.2845 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.3215 | |
| Elder Ray (13): | -0.0094 | |
| Super Trend (3,10): | 10.2280 | |
| Zig ZAG (10): | 10.2567 | |
| VORTEX (21): | 1.0629 | |
| Stochastique (14,3,5): | 55.58 | |
| TEMA (21): | 10.2921 | |
| Williams %R (14): | -70.53 | |
| Chande Momentum Oscillator (20): | 0.0074 | |
| Repulse (5,40,3): | -0.5398 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0240 | |
| Courbe Coppock: | 1.16 |
| MA7: | 10.2321 | |
| MA20: | 10.3029 | |
| MA50: | 10.5573 | |
| MA100: | 10.6399 | |
| MAexp7: | 10.2795 | |
| MAexp20: | 10.2638 | |
| MAexp50: | 10.2431 | |
| MAexp100: | 10.2367 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.34% |
Quotes :
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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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