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 10/27/2022 (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 10.4270 ZAR

My targets

10.6676 ZAR (+0.1926)

11.0759 ZAR (+0.6009)

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 10.4270 ZAR. The buyers' bullish objective is set at 10.6676 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.0759 ZAR. If there is any crossing, the next objective would be the resistance located at 11.6735 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

7.1

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

The NZD/ZAR price is 10.4750 ZAR. The price is lower by -0.01% since the last closing with the lowest point at 10.4492 ZAR and the highest point at 10.5337 ZAR. The deviation from the price is +0.25% for the low point and -0.56% for the high point.

10.4492

10.5337

10.4750

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NZD/ZAR:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. 78.57% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.2872	10.3512	10.4270	10.4750	10.5030	10.6676	11.0759
Change (%)	-1.79%	-1.18%	-0.46%	-	+0.27%	+1.84%	+5.74%
Change	-0.1878	-0.1238	-0.0480	-	+0.0280	+0.1926	+0.6009
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

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	10.3620	10.3933	10.4344	10.4657	10.5068	10.5381	10.5792
Camarilla	10.4557	10.4623	10.4690	10.4756	10.4822	10.4889	10.4955
Woodie	10.3670	10.3958	10.4394	10.4682	10.5118	10.5406	10.5842
Fibonacci	10.3933	10.4209	10.4380	10.4657	10.4933	10.5104	10.5381

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.8810	10.0015	10.2092	10.3297	10.5374	10.6579	10.8656
Camarilla	10.3266	10.3566	10.3867	10.4168	10.4469	10.4770	10.5071
Woodie	9.9245	10.0233	10.2527	10.3515	10.5809	10.6797	10.9091
Fibonacci	10.0015	10.1269	10.2044	10.3297	10.4551	10.5326	10.6579

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.84
MACD (12,26,9):	0.0375
Directional Movement:	11.2101
AROON (14):	78.5714
DEMA (21):	10.3813
Parabolic SAR (0,02-0,02-0,2):	10.2930
Elder Ray (13):	0.1147
Super Trend (3,10):	10.5524
Zig ZAG (10):	10.4781
VORTEX (21):	1.1198
Stochastique (14,3,5):	85.68
TEMA (21):	10.4423
Williams %R (14):	-14.54
Chande Momentum Oscillator (20):	0.3265
Repulse (5,40,3):	0.3127
ROCnROLL:	1
TRIX (15,9):	-0.0089
Courbe Coppock:	4.77

MA7:	10.4381
MA20:	10.2822
MA50:	10.3748
MA100:	10.3532
MAexp7:	10.4267
MAexp20:	10.3524
MAexp50:	10.3507
MAexp100:	10.3486
Price / MA7:	+0.35%
Price / MA20:	+1.88%
Price / MA50:	+0.97%
Price / MA100:	+1.18%
Price / MAexp7:	+0.46%
Price / MAexp20:	+1.18%
Price / MAexp50:	+1.20%
Price / MAexp100:	+1.22%

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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