NZD/ZAR - 1H - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Neutral between 10.6209 ZAR and 10.6803 ZAR
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. NZD/ZAR is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on NZD/ZAR essentials for the price to rebound like this? In such a situation, it would be possible to stay away from NZD/ZAR or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 10.6803 ZAR as an objective. Buyers would then use the next resistance located at 10.7060 ZAR as an objective. Crossing it would then enable buyers to target 10.8251 ZAR. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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
NZD/ZAR rating 10.6587 ZAR. The price has increased by +0.51% since the last closing and was traded between 10.5783 ZAR and 10.6603 ZAR over the period. The price is currently at +0.76% from its lowest and -0.02% from its highest.10.5783
10.6603
10.6587
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/ZAR chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 10.4356 | 10.5945 | 10.6209 | 10.6587 | 10.6803 | 10.7060 | 10.8251 |
| Change (%) | -2.09% | -0.60% | -0.35% | - | +0.20% | +0.44% | +1.56% |
| Change | -0.2231 | -0.0642 | -0.0378 | - | +0.0216 | +0.0473 | +0.1664 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4598 | 10.5234 | 10.5643 | 10.6279 | 10.6688 | 10.7324 | 10.7733 |
| Camarilla | 10.5764 | 10.5859 | 10.5955 | 10.6051 | 10.6147 | 10.6243 | 10.6338 |
| Woodie | 10.4484 | 10.5177 | 10.5529 | 10.6222 | 10.6574 | 10.7267 | 10.7619 |
| Fibonacci | 10.5234 | 10.5634 | 10.5880 | 10.6279 | 10.6679 | 10.6925 | 10.7324 |
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): | 52.89 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | -0.9573 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 10.6346 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6583 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 10.7060 | |
| Zig ZAG (10): | 10.6509 | |
| VORTEX (21): | 1.0137 | |
| Stochastique (14,3,5): | 62.08 | |
| TEMA (21): | 10.6404 | |
| Williams %R (14): | -28.31 | |
| Chande Momentum Oscillator (20): | -0.0078 | |
| Repulse (5,40,3): | 0.1382 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.7160 | |
| MA20: | 10.8851 | |
| MA50: | 10.7677 | |
| MA100: | 10.5712 | |
| MAexp7: | 10.6387 | |
| MAexp20: | 10.6393 | |
| MAexp50: | 10.6554 | |
| MAexp100: | 10.6863 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -2.08% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.26% |
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.
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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