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 10/20/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 10.3512 ZAR

My targets

10.5030 ZAR (+0.0894)

10.6676 ZAR (+0.2540)

My analysis

NZD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.3512 ZAR. The next resistance located at 10.5030 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.6676 ZAR. After this resistance, buyers could then target 11.0759 ZAR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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

NZD/ZAR rating 10.4136 ZAR. The price has increased by +0.45% since the last closing with the lowest point at 10.3146 ZAR and the highest point at 10.4192 ZAR. The deviation from the price is +0.96% for the low point and -0.05% for the high point.

10.3146

10.4192

10.4136

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

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/ZAR indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.0897	10.2872	10.3512	10.4136	10.4270	10.5030	10.6676
Change (%)	-3.11%	-1.21%	-0.60%	-	+0.13%	+0.86%	+2.44%
Change	-0.3239	-0.1264	-0.0624	-	+0.0134	+0.0894	+0.2540
Level	Minor	Intermediate	Major	-	Minor	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1927	10.2388	10.3026	10.3487	10.4125	10.4586	10.5224
Camarilla	10.3363	10.3464	10.3564	10.3665	10.3766	10.3867	10.3967
Woodie	10.2017	10.2432	10.3116	10.3531	10.4215	10.4630	10.5314
Fibonacci	10.2388	10.2808	10.3067	10.3487	10.3907	10.4166	10.4586

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.7678	9.9059	10.0597	10.1978	10.3516	10.4897	10.6435
Camarilla	10.1331	10.1599	10.1866	10.2134	10.2402	10.2669	10.2937
Woodie	9.7756	9.9098	10.0675	10.2017	10.3594	10.4936	10.6513
Fibonacci	9.9059	10.0174	10.0863	10.1978	10.3093	10.3782	10.4897

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.3779	9.7363	9.9308	10.2892	10.4837	10.8421	11.0366
Camarilla	9.9733	10.0239	10.0746	10.1253	10.1760	10.2267	10.2774
Woodie	9.2960	9.6953	9.8489	10.2482	10.4018	10.8011	10.9547
Fibonacci	9.7363	9.9475	10.0780	10.2892	10.5004	10.6309	10.8421

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):	56.72
MACD (12,26,9):	-0.0149
Directional Movement:	4.7070
AROON (14):	57.1429
DEMA (21):	10.2446
Parabolic SAR (0,02-0,02-0,2):	10.1013
Elder Ray (13):	0.0914
Super Trend (3,10):	10.5524
Zig ZAG (10):	10.4138
VORTEX (21):	0.9954
Stochastique (14,3,5):	89.88
TEMA (21):	10.2689
Williams %R (14):	-0.93
Chande Momentum Oscillator (20):	0.2992
Repulse (5,40,3):	2.2807
ROCnROLL:	1
TRIX (15,9):	-0.0739
Courbe Coppock:	1.17

MA7:	10.2921
MA20:	10.2284
MA50:	10.3745
MA100:	10.3287
MAexp7:	10.3034
MAexp20:	10.2801
MAexp50:	10.3258
MAexp100:	10.3372
Price / MA7:	+1.18%
Price / MA20:	+1.81%
Price / MA50:	+0.38%
Price / MA100:	+0.82%
Price / MAexp7:	+1.07%
Price / MAexp20:	+1.30%
Price / MAexp50:	+0.85%
Price / MAexp100:	+0.74%

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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