NZD/ZAR - 1H - Technical analysis published on 12/05/2022 (GMT)
- 116
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 11.0759 ZAR
My targets
11.2258 ZAR (+0.0983)
11.2570 ZAR (+0.1295)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/ZAR. As long as you are above the support located at 11.0759 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11.2258 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11.2570 ZAR as an objective. Crossing it would then enable buyers to target 11.4765 ZAR. If the support 11.0759 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9
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 11.1275 ZAR. The price registered an increase of +0.45% on the session and was traded between 11.0687 ZAR and 11.1275 ZAR over the period. The price is currently at +0.53% from its lowest and 0% from its highest.11.0687
11.1275
11.1275
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
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.8033 | 10.9062 | 11.0759 | 11.1275 | 11.2570 | 11.4765 | 11.6735 |
| Change (%) | -2.91% | -1.99% | -0.46% | - | +1.16% | +3.14% | +4.91% |
| Change | -0.3242 | -0.2213 | -0.0516 | - | +0.1295 | +0.3490 | +0.5460 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 10.9128 | 10.9726 | 11.0254 | 11.0852 | 11.1380 | 11.1978 | 11.2506 |
| Camarilla | 11.0471 | 11.0575 | 11.0678 | 11.0781 | 11.0884 | 11.0987 | 11.1091 |
| Woodie | 10.9092 | 10.9709 | 11.0218 | 11.0835 | 11.1344 | 11.1961 | 11.2470 |
| Fibonacci | 10.9726 | 11.0157 | 11.0422 | 11.0852 | 11.1283 | 11.1548 | 11.1978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7310 | 10.1226 | 10.6743 | 11.0659 | 11.6176 | 12.0092 | 12.5609 |
| Camarilla | 10.9666 | 11.0531 | 11.1395 | 11.2260 | 11.3125 | 11.3989 | 11.4854 |
| Woodie | 9.8111 | 10.1626 | 10.7544 | 11.1059 | 11.6977 | 12.0492 | 12.6410 |
| Fibonacci | 10.1226 | 10.4829 | 10.7056 | 11.0659 | 11.4262 | 11.6489 | 12.0092 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0042 | 10.1984 | 10.5179 | 10.7121 | 11.0316 | 11.2258 | 11.5453 |
| Camarilla | 10.6962 | 10.7433 | 10.7904 | 10.8375 | 10.8846 | 10.9317 | 10.9788 |
| Woodie | 10.0670 | 10.2297 | 10.5807 | 10.7434 | 11.0944 | 11.2571 | 11.6081 |
| Fibonacci | 10.1984 | 10.3946 | 10.5158 | 10.7121 | 10.9083 | 11.0295 | 11.2258 |
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): | 46.40 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -4.0828 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 11.1559 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.2484 | |
| Elder Ray (13): | -0.0511 | |
| Super Trend (3,10): | 11.2652 | |
| Zig ZAG (10): | 11.1095 | |
| VORTEX (21): | 0.9368 | |
| Stochastique (14,3,5): | 28.84 | |
| TEMA (21): | 11.1114 | |
| Williams %R (14): | -64.55 | |
| Chande Momentum Oscillator (20): | 0.0277 | |
| Repulse (5,40,3): | 0.4532 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0158 | |
| Courbe Coppock: | 0.05 |
| MA7: | 10.9352 | |
| MA20: | 10.7110 | |
| MA50: | 10.5039 | |
| MA100: | 10.4839 | |
| MAexp7: | 11.1277 | |
| MAexp20: | 11.1447 | |
| MAexp50: | 11.0744 | |
| MAexp100: | 10.9452 | |
| Price / MA7: | +1.76% | |
| Price / MA20: | +3.89% | |
| Price / MA50: | +5.94% | |
| Price / MA100: | +6.14% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.48% | |
| Price / MAexp100: | +1.67% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NZD/ZAR - 1H