NZD/ZAR - 1H - Technical analysis published on 01/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 10.7111 ZAR
My targets
10.7837 ZAR (+0.0410)
10.8523 ZAR (+0.1096)
My analysis
The basic trend is currently slightly bullish on NZD/ZAR and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 10.7111 ZAR, purchases could be favourable. The first bullish objective would be the resistance located at 10.7837 ZAR. Then the price could move towards 10.8523 ZAR. Then 10.9038 ZAR by extension. A return under the support to 10.7111 ZAR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/ZAR rating 10.7427 ZAR. The price registered an increase of +0.00% on the session and was between 10.7376 ZAR and 10.7531 ZAR. This implies that the price is at +0.05% from its lowest and at -0.10% from its highest.10.7376
10.7531
10.7427
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Technical
A technical analysis in 1H of this NZD/ZAR chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 | 10.6209 | 10.6803 | 10.7111 | 10.7427 | 10.7837 | 10.8523 | 10.9038 |
| Change (%) | -1.13% | -0.58% | -0.29% | - | +0.38% | +1.02% | +1.50% |
| Change | -0.1218 | -0.0624 | -0.0316 | - | +0.0410 | +0.1096 | +0.1611 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 10.5872 | 10.6469 | 10.6949 | 10.7546 | 10.8026 | 10.8623 | 10.9103 |
| Camarilla | 10.7134 | 10.7233 | 10.7331 | 10.7430 | 10.7529 | 10.7628 | 10.7726 |
| Woodie | 10.5815 | 10.6440 | 10.6892 | 10.7517 | 10.7969 | 10.8594 | 10.9046 |
| Fibonacci | 10.6469 | 10.6880 | 10.7134 | 10.7546 | 10.7957 | 10.8211 | 10.8623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3593 | 10.4901 | 10.6478 | 10.7786 | 10.9363 | 11.0671 | 11.2248 |
| Camarilla | 10.7262 | 10.7526 | 10.7791 | 10.8055 | 10.8320 | 10.8584 | 10.8848 |
| Woodie | 10.3728 | 10.4968 | 10.6613 | 10.7853 | 10.9498 | 11.0738 | 11.2383 |
| Fibonacci | 10.4901 | 10.6003 | 10.6684 | 10.7786 | 10.8888 | 10.9569 | 11.0671 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6285 | 10.1247 | 10.4651 | 10.9613 | 11.3017 | 11.7979 | 12.1383 |
| Camarilla | 10.5754 | 10.6521 | 10.7288 | 10.8055 | 10.8822 | 10.9589 | 11.0356 |
| Woodie | 9.5506 | 10.0858 | 10.3872 | 10.9224 | 11.2238 | 11.7590 | 12.0604 |
| Fibonacci | 10.1247 | 10.4443 | 10.6417 | 10.9613 | 11.2809 | 11.4783 | 11.7979 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.05 | |
| MACD (12,26,9): | 0.0228 | |
| Directional Movement: | 8.1356 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 10.7659 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7286 | |
| Elder Ray (13): | 0.0535 | |
| Super Trend (3,10): | 10.6667 | |
| Zig ZAG (10): | 10.7931 | |
| VORTEX (21): | 1.1683 | |
| Stochastique (14,3,5): | 87.43 | |
| TEMA (21): | 10.7855 | |
| Williams %R (14): | -21.48 | |
| Chande Momentum Oscillator (20): | 0.0452 | |
| Repulse (5,40,3): | 0.1212 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 1.18 |
| MA7: | 10.8253 | |
| MA20: | 10.9893 | |
| MA50: | 10.7289 | |
| MA100: | 10.5522 | |
| MAexp7: | 10.7710 | |
| MAexp20: | 10.7456 | |
| MAexp50: | 10.7333 | |
| MAexp100: | 10.7739 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -2.24% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +1.81% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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