NZD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDZAR
ISIN:

NZD/ZAR - Daily - Technical analysis published on 07/18/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 10.4359 ZAR

My targets

10.7355 ZAR (+0.2176)

10.9264 ZAR (+0.4085)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/ZAR as long as the price remains well above 10.4359 ZAR. The buyers' bullish objective is set at 10.7355 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.9264 ZAR. If there is any crossing, the next objective would be the resistance located at 11.0759 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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.

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

Additional analysis

Quotes

The NZD/ZAR price is 10.5179 ZAR. The price registered a decrease of -0.01% on the session with the lowest point at 10.4762 ZAR and the highest point at 10.5949 ZAR. The deviation from the price is +0.40% for the low point and -0.73% for the high point.

10.4762

10.5949

10.5179

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/ZAR in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.9732	10.1832	10.4359	10.5179	10.7355	10.9264	11.0759
Change (%)	-5.18%	-3.18%	-0.78%	-	+2.07%	+3.88%	+5.31%
Change	-0.5447	-0.3347	-0.0820	-	+0.2176	+0.4085	+0.5580
Level	Major	Major	Intermediate	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3941	10.4449	10.4820	10.5328	10.5699	10.6207	10.6578
Camarilla	10.4950	10.5031	10.5111	10.5192	10.5273	10.5353	10.5434
Woodie	10.3874	10.4415	10.4753	10.5294	10.5632	10.6173	10.6511
Fibonacci	10.4449	10.4784	10.4992	10.5328	10.5663	10.5871	10.6207

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1411	10.2425	10.3808	10.4822	10.6205	10.7219	10.8602
Camarilla	10.4533	10.4753	10.4972	10.5192	10.5412	10.5632	10.5851
Woodie	10.1597	10.2517	10.3994	10.4914	10.6391	10.7311	10.8788
Fibonacci	10.2425	10.3340	10.3906	10.4822	10.5737	10.6303	10.7219

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.3788	9.5820	9.8715	10.0747	10.3642	10.5674	10.8569
Camarilla	10.0255	10.0707	10.1158	10.1610	10.2062	10.2513	10.2965
Woodie	9.4220	9.6036	9.9147	10.0963	10.4074	10.5890	10.9001
Fibonacci	9.5820	9.7702	9.8865	10.0747	10.2629	10.3792	10.5674

Numerical data

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

Technical indicators

Moving averages

RSI (14):	67.06
MACD (12,26,9):	0.1105
Directional Movement:	14.5590
AROON (14):	100.0000
DEMA (21):	10.4289
Parabolic SAR (0,02-0,02-0,2):	10.3642
Elder Ray (13):	0.1688
Super Trend (3,10):	10.1408
Zig ZAG (10):	10.5150
VORTEX (21):	1.1668
Stochastique (14,3,5):	90.40
TEMA (21):	10.5201
Williams %R (14):	-13.75
Chande Momentum Oscillator (20):	0.3540
Repulse (5,40,3):	0.3026
ROCnROLL:	1
TRIX (15,9):	0.1062
Courbe Coppock:	8.05

MA7:	10.4634
MA20:	10.2355
MA50:	10.1545
MA100:	10.1843
MAexp7:	10.4468
MAexp20:	10.3030
MAexp50:	10.2113
MAexp100:	10.2157
Price / MA7:	+0.52%
Price / MA20:	+2.76%
Price / MA50:	+3.58%
Price / MA100:	+3.28%
Price / MAexp7:	+0.70%
Price / MAexp20:	+2.11%
Price / MAexp50:	+3.03%
Price / MAexp100:	+2.98%

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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