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NZD/ZAR
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 01/16/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.8117 ZAR
My targets
10.8628 ZAR (+0.0203)
10.8978 ZAR (+0.0553)
My analysis
NZD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.8117 ZAR. The next resistance located at 10.8628 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.8978 ZAR. After this resistance, buyers could then target 10.9437 ZAR.

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
0
10
7.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NZD/ZAR rating 10.8425 ZAR. The price has increased by +0.85% since the last closing with the lowest point at 10.7257 ZAR and the highest point at 10.8434 ZAR. The deviation from the price is +1.09% for the low point and -0.01% for the high point.

10.7257
10.8434
10.8425

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NZD/ZAR:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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


S3S2S1PriceR1R2R3
ProTrendLines 10.7205 10.7777 10.8117 10.8425 10.8628 10.8978 10.9437
Change (%) -1.13% -0.60% -0.28% - +0.19% +0.51% +0.93%
Change -0.1220 -0.0648 -0.0308 - +0.0203 +0.0553 +0.1012
Level Minor Major Minor - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.539510.596010.673610.730110.807710.864210.9418
Camarilla10.714410.726710.739010.751310.763610.775910.7882
Woodie10.550210.601310.684310.735410.818410.869510.9525
Fibonacci10.596010.647210.678810.730110.781310.812910.8642


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.323110.485710.618510.781110.913911.076511.2093
Camarilla10.670110.697110.724210.751310.778410.805510.8325
Woodie10.308210.478310.603610.773710.899011.069111.1944
Fibonacci10.485710.598510.668310.781110.893910.963711.0765


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.628510.124710.465110.961311.301711.797912.1383
Camarilla10.575410.652110.728810.805510.882210.958911.0356
Woodie9.550610.085810.387210.922411.223811.759012.0604
Fibonacci10.124710.444310.641710.961311.280911.478311.7979

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): 63.59
MACD (12,26,9): 0.0136
Directional Movement: 9.5823
AROON (14): 100.0000
DEMA (21): 10.7646
Parabolic SAR (0,02-0,02-0,2): 10.7147
Elder Ray (13): 0.0208
Super Trend (3,10): 10.6842
Zig ZAG (10): 10.8035
VORTEX (21): 0.9928
Stochastique (14,3,5): 73.51
TEMA (21): 10.7777
Williams %R (14): -6.73
Chande Momentum Oscillator (20): 0.0723
Repulse (5,40,3): 0.6985
ROCnROLL: 1
TRIX (15,9): 0.0152
Courbe Coppock: 0.83
MA7: 10.7907
MA20: 10.7658
MA50: 10.7940
MA100: 10.5951
MAexp7: 10.7699
MAexp20: 10.7480
MAexp50: 10.7419
MAexp100: 10.7523
Price / MA7: +0.48%
Price / MA20: +0.71%
Price / MA50: +0.45%
Price / MA100: +2.34%
Price / MAexp7: +0.66%
Price / MAexp20: +0.86%
Price / MAexp50: +0.92%
Price / MAexp100: +0.82%

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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Londinia
Londinia AI

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