NZD/ZAR
-
ZAR
(-)
- Real time data - Forex
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Forex |
| Ticker: | NZDZAR |
| ISIN: |
NZD/ZAR - 1H - Technical analysis published on 12/22/2022 (GMT)
- 135
- 0
- 12/22/2022 - 00:03
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- Timeframe : 1H
- - Analysis generated on 12/22/2022 - 00:03
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 10.9325 ZAR
My targets
10.7626 ZAR (-0.0544)
10.6803 ZAR (-0.1367)
My analysis
NZD/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.9325 ZAR. The next support located at 10.7626 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.6803 ZAR. Below this support, sellers could then target 10.5369 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 price is 10.8170 ZAR. On the day, this instrument gained +0.10% and was traded between 10.7975 ZAR and 10.8193 ZAR over the period. The price is currently at +0.18% from its lowest and -0.02% from its highest.10.7975
10.8193
10.8170
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
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.0891 | 10.5369 | 10.6803 | 10.8170 | 10.9325 | 10.9790 | 11.0759 |
| Change (%) | -6.73% | -2.59% | -1.26% | - | +1.07% | +1.50% | +2.39% |
| Change | -0.7279 | -0.2801 | -0.1367 | - | +0.1155 | +0.1620 | +0.2589 |
| Level | Intermediate | Intermediate | Major | - | 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 | 10.5179 | 10.6501 | 10.7284 | 10.8606 | 10.9389 | 11.0711 | 11.1494 |
| Camarilla | 10.7487 | 10.7680 | 10.7873 | 10.8066 | 10.8259 | 10.8452 | 10.8645 |
| Woodie | 10.4909 | 10.6366 | 10.7014 | 10.8471 | 10.9119 | 11.0576 | 11.1224 |
| Fibonacci | 10.6501 | 10.7305 | 10.7802 | 10.8606 | 10.9410 | 10.9907 | 11.0711 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5475 | 10.7626 | 11.0085 | 11.2236 | 11.4695 | 11.6846 | 11.9305 |
| Camarilla | 11.1275 | 11.1698 | 11.2120 | 11.2543 | 11.2966 | 11.3388 | 11.3811 |
| Woodie | 10.5628 | 10.7703 | 11.0238 | 11.2313 | 11.4848 | 11.6923 | 11.9458 |
| Fibonacci | 10.7626 | 10.9387 | 11.0475 | 11.2236 | 11.3997 | 11.5085 | 11.6846 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 31.01 | |
| MACD (12,26,9): | -0.0395 | |
| Directional Movement: | -17.7326 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 10.8127 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.8437 | |
| Elder Ray (13): | -0.0297 | |
| Super Trend (3,10): | 10.9170 | |
| Zig ZAG (10): | 10.8100 | |
| VORTEX (21): | 0.8251 | |
| Stochastique (14,3,5): | 23.68 | |
| TEMA (21): | 10.8045 | |
| Williams %R (14): | -81.02 | |
| Chande Momentum Oscillator (20): | -0.0964 | |
| Repulse (5,40,3): | -0.2471 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0501 | |
| Courbe Coppock: | 1.63 |
| MA7: | 11.0552 | |
| MA20: | 10.9638 | |
| MA50: | 10.6900 | |
| MA100: | 10.5411 | |
| MAexp7: | 10.8259 | |
| MAexp20: | 10.8647 | |
| MAexp50: | 10.9338 | |
| MAexp100: | 10.9960 | |
| Price / MA7: | -2.15% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | +1.19% | |
| Price / MA100: | +2.62% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -1.64% |
Quotes :
12/22/2022 - 00:03
-
Real time data
-
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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