NZD/ZAR - 1H - Technical analysis published on 10/31/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 10.5474 ZAR
My targets
10.6676 ZAR (+0.0784)
10.7947 ZAR (+0.2055)
My analysis
The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 10.5474 ZAR, you could try to benefit from the boom. The first bullish objective is located at 10.6676 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.7947 ZAR as an objective. Crossing it would then enable buyers to target 11.0759 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 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
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/ZAR rating is 10.5892 ZAR. On the day, this instrument gained +0.42% with the lowest point at 10.5069 ZAR and the highest point at 10.5993 ZAR. The deviation from the price is +0.78% for the low point and -0.10% for the high point.10.5069
10.5993
10.5892
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.4270 | 10.5030 | 10.5474 | 10.5892 | 10.6676 | 11.0759 | 11.6735 |
| Change (%) | -1.53% | -0.81% | -0.39% | - | +0.74% | +4.60% | +10.24% |
| Change | -0.1622 | -0.0862 | -0.0418 | - | +0.0784 | +0.4867 | +1.0843 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3787 | 10.4200 | 10.4823 | 10.5236 | 10.5859 | 10.6272 | 10.6895 |
| Camarilla | 10.5160 | 10.5255 | 10.5350 | 10.5445 | 10.5540 | 10.5635 | 10.5730 |
| Woodie | 10.3891 | 10.4253 | 10.4927 | 10.5289 | 10.5963 | 10.6325 | 10.6999 |
| Fibonacci | 10.4200 | 10.4596 | 10.4841 | 10.5236 | 10.5632 | 10.5877 | 10.6272 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2472 | 10.3148 | 10.4297 | 10.4973 | 10.6122 | 10.6798 | 10.7947 |
| Camarilla | 10.4943 | 10.5110 | 10.5278 | 10.5445 | 10.5612 | 10.5780 | 10.5947 |
| Woodie | 10.2708 | 10.3266 | 10.4533 | 10.5091 | 10.6358 | 10.6916 | 10.8183 |
| Fibonacci | 10.3148 | 10.3846 | 10.4276 | 10.4973 | 10.5671 | 10.6101 | 10.6798 |
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): | 68.61 | |
| MACD (12,26,9): | 0.0167 | |
| Directional Movement: | 11.2273 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 10.5586 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.5112 | |
| Elder Ray (13): | 0.0364 | |
| Super Trend (3,10): | 10.4913 | |
| Zig ZAG (10): | 10.5892 | |
| VORTEX (21): | 1.0823 | |
| Stochastique (14,3,5): | 88.40 | |
| TEMA (21): | 10.5661 | |
| Williams %R (14): | -9.30 | |
| Chande Momentum Oscillator (20): | 0.0609 | |
| Repulse (5,40,3): | 0.5123 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0181 | |
| Courbe Coppock: | 0.74 |
| MA7: | 10.4947 | |
| MA20: | 10.3217 | |
| MA50: | 10.3773 | |
| MA100: | 10.3624 | |
| MAexp7: | 10.5581 | |
| MAexp20: | 10.5377 | |
| MAexp50: | 10.5143 | |
| MAexp100: | 10.4869 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +2.19% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +0.98% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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