NZD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDZAR
ISIN:

NZD/ZAR - Daily - Technical analysis published on 01/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 10.6803 ZAR

My targets

11.0759 ZAR (+0.2110)

11.2543 ZAR (+0.3894)

My analysis

The basic bullish trend is very strong on NZD/ZAR but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.6803 ZAR. Crossing the first resistance at 11.0759 ZAR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.2543 ZAR as an objective. Crossing it would then enable buyers to target 11.4765 ZAR. Caution, a return to below 10.6803 ZAR would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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 10.8649 ZAR. The price registered an increase of +0.64% on the session and was between 10.7785 ZAR and 10.8680 ZAR. This implies that the price is at +0.80% from its lowest and at -0.03% from its highest.

10.7785

10.8680

10.8649

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NZD/ZAR in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.4356	10.6803	10.8251	10.8649	11.0759	11.2543	11.4765
Change (%)	-3.95%	-1.70%	-0.37%	-	+1.94%	+3.58%	+5.63%
Change	-0.4293	-0.1846	-0.0398	-	+0.2110	+0.3894	+0.6116
Level	Minor	Major	Intermediate	-	Major	Major	Minor

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	10.5668	10.6717	10.7338	10.8387	10.9008	11.0057	11.0678
Camarilla	10.7499	10.7652	10.7805	10.7958	10.8111	10.8264	10.8417
Woodie	10.5453	10.6610	10.7123	10.8280	10.8793	10.9950	11.0463
Fibonacci	10.6717	10.7355	10.7749	10.8387	10.9025	10.9419	11.0057

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3402	10.4593	10.6610	10.7801	10.9818	11.1009	11.3026
Camarilla	10.7746	10.8040	10.8334	10.8628	10.8922	10.9216	10.9510
Woodie	10.3816	10.4800	10.7024	10.8008	11.0232	11.1216	11.3440
Fibonacci	10.4593	10.5818	10.6575	10.7801	10.9026	10.9783	11.1009

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.35
MACD (12,26,9):	-0.0179
Directional Movement:	7.6467
AROON (14):	-78.5714
DEMA (21):	10.7938
Parabolic SAR (0,02-0,02-0,2):	10.5929
Elder Ray (13):	0.0295
Super Trend (3,10):	11.1282
Zig ZAG (10):	10.8434
VORTEX (21):	0.9296
Stochastique (14,3,5):	63.52
TEMA (21):	10.7312
Williams %R (14):	-22.69
Chande Momentum Oscillator (20):	0.1630
Repulse (5,40,3):	0.6344
ROCnROLL:	1
TRIX (15,9):	-0.0188
Courbe Coppock:	3.43

MA7:	10.7424
MA20:	10.8391
MA50:	10.7815
MA100:	10.5812
MAexp7:	10.7863
MAexp20:	10.8056
MAexp50:	10.7565
MAexp100:	10.6376
Price / MA7:	+1.14%
Price / MA20:	+0.24%
Price / MA50:	+0.77%
Price / MA100:	+2.68%
Price / MAexp7:	+0.73%
Price / MAexp20:	+0.55%
Price / MAexp50:	+1.01%
Price / MAexp100:	+2.14%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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