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 02/20/2023 (GMT)
- 137
- 0
- 02/20/2023 - 06:35
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- Timeframe : Daily
- - Analysis generated on 02/20/2023 - 06:35
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 11.0759 ZAR
My targets
11.4765 ZAR (+0.2056)
11.6735 ZAR (+0.4026)
My analysis
The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 11.0759 ZAR, you could try to benefit from the boom. The first bullish objective is located at 11.4765 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.6735 ZAR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 rating is 11.2709 ZAR. The price registered an increase of +0.00% on the session and was traded between 11.2468 ZAR and 11.2959 ZAR over the period. The price is currently at +0.21% from its lowest and -0.22% from its highest.11.2468
11.2959
11.2709
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/ZAR in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.6714 | 11.0759 | 11.2512 | 11.2709 | 11.4765 | 11.6735 |
| Change (%) | -5.32% | -1.73% | -0.17% | - | +1.82% | +3.57% |
| Change | -0.5995 | -0.1950 | -0.0197 | - | +0.2056 | +0.4026 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major |
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 | 11.0555 | 11.1357 | 11.2034 | 11.2836 | 11.3513 | 11.4315 | 11.4992 |
| Camarilla | 11.2305 | 11.2441 | 11.2576 | 11.2712 | 11.2848 | 11.2983 | 11.3119 |
| Woodie | 11.0494 | 11.1326 | 11.1973 | 11.2805 | 11.3452 | 11.4284 | 11.4931 |
| Fibonacci | 11.1357 | 11.1922 | 11.2271 | 11.2836 | 11.3401 | 11.3750 | 11.4315 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.9362 | 11.0760 | 11.1736 | 11.3134 | 11.4110 | 11.5508 | 11.6484 |
| Camarilla | 11.2059 | 11.2277 | 11.2494 | 11.2712 | 11.2930 | 11.3147 | 11.3365 |
| Woodie | 10.9151 | 11.0655 | 11.1525 | 11.3029 | 11.3899 | 11.5403 | 11.6273 |
| Fibonacci | 11.0760 | 11.1667 | 11.2227 | 11.3134 | 11.4041 | 11.4601 | 11.5508 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0549 | 10.3166 | 10.7641 | 11.0258 | 11.4733 | 11.7350 | 12.1825 |
| Camarilla | 11.0166 | 11.0816 | 11.1466 | 11.2116 | 11.2766 | 11.3416 | 11.4066 |
| Woodie | 10.1478 | 10.3631 | 10.8570 | 11.0723 | 11.5662 | 11.7815 | 12.2754 |
| Fibonacci | 10.3166 | 10.5875 | 10.7549 | 11.0258 | 11.2967 | 11.4641 | 11.7350 |
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): | 58.66 | |
| MACD (12,26,9): | 0.0920 | |
| Directional Movement: | 9.4875 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 11.3187 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1823 | |
| Elder Ray (13): | 0.0275 | |
| Super Trend (3,10): | 10.9494 | |
| Zig ZAG (10): | 11.2669 | |
| VORTEX (21): | 1.0914 | |
| Stochastique (14,3,5): | 63.80 | |
| TEMA (21): | 11.3399 | |
| Williams %R (14): | -41.83 | |
| Chande Momentum Oscillator (20): | 0.2070 | |
| Repulse (5,40,3): | -0.2721 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1230 | |
| Courbe Coppock: | 2.68 |
| MA7: | 11.3126 | |
| MA20: | 11.2052 | |
| MA50: | 11.0081 | |
| MA100: | 10.7874 | |
| MAexp7: | 11.2818 | |
| MAexp20: | 11.1964 | |
| MAexp50: | 11.0380 | |
| MAexp100: | 10.8604 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | +2.39% | |
| Price / MA100: | +4.48% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +2.11% | |
| Price / MAexp100: | +3.78% |
Quotes :
02/20/2023 - 06:35
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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