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NZD/ZAR
NZD ZAR
169.86 ZAR (-0.55%)
03/25/2025 - 21:38 Open Real time data - Forex
Open: 170.80
Change: -0.94
Volume: 113,997
Low: 169.70
High: 170.95
High / Low range: 1.25
Type: Forex
Ticker: NZDZAR
ISIN:

NZD/ZAR - 1H - Technical analysis published on 03/03/2023 (GMT)

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  • 03/03/2023 - 14:44
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  • Timeframe : 1H
  • - Analysis generated on 03/03/2023 - 14:44
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 11.2911 ZAR
My targets
11.2512 ZAR (-0.0250)
11.1248 ZAR (-0.1514)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/ZAR as long as the price remains well below 11.2911 ZAR. The sellers' bearish objective is set at 11.2512 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.1248 ZAR. In case of crossing, the next objective would be the support located at 11.0759 ZAR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2

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.

nwbrown2
This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/ZAR rating is 11.2762 ZAR. On the day, this instrument lost -0.45% and was traded between 11.2564 ZAR and 11.3518 ZAR over the period. The price is currently at +0.18% from its lowest and -0.67% from its highest.

11.2564
11.3518
11.2762

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:
Created with Raphaël 2.3.0-7.507.51522.5January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



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

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.0759 11.2512 11.2741 11.2762 11.2911 11.3149 11.3536
Change (%) -1.78% -0.22% -0.02% - +0.13% +0.34% +0.69%
Change -0.2003 -0.0250 -0.0021 - +0.0149 +0.0387 +0.0774
Level Major Intermediate Minor - Minor Intermediate Minor



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
Standard11.203811.238911.283311.318411.362811.397911.4423
Camarilla11.305711.313011.320311.327611.334911.342211.3495
Woodie11.208411.241211.287911.320711.367411.400211.4469
Fibonacci11.238911.269311.288111.318411.348811.367611.3979


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.017911.124811.241311.348211.464711.571611.6881
Camarilla11.296311.316711.337211.357711.378211.398711.4191
Woodie11.022611.127211.246011.350611.469411.574011.6928
Fibonacci11.124811.210211.262911.348211.433611.486311.5716


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.635110.821111.083211.269211.531311.717311.9794
Camarilla11.222111.263211.304211.345311.386411.427511.4685
Woodie10.673210.840111.121311.288211.569411.736312.0175
Fibonacci10.821110.992311.098011.269211.440411.546111.7173

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Sell14
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 40.74
MACD (12,26,9): -0.0099
Directional Movement: -8.8890
AROON (14): -85.7143
DEMA (21): 11.2967
Parabolic SAR (0,02-0,02-0,2): 11.3304
Elder Ray (13): -0.0329
Super Trend (3,10): 11.3531
Zig ZAG (10): 11.2812
VORTEX (21): 0.9310
Stochastique (14,3,5): 14.09
TEMA (21): 11.2918
Williams %R (14): -75.47
Chande Momentum Oscillator (20): -0.0527
Repulse (5,40,3): -0.1361
ROCnROLL: 2
TRIX (15,9): -0.0064
Courbe Coppock: 0.45
MA7: 11.3350
MA20: 11.2965
MA50: 11.0739
MA100: 10.8911
MAexp7: 11.2927
MAexp20: 11.3080
MAexp50: 11.3211
MAexp100: 11.3309
Price / MA7: -0.52%
Price / MA20: -0.18%
Price / MA50: +1.83%
Price / MA100: +3.54%
Price / MAexp7: -0.15%
Price / MAexp20: -0.28%
Price / MAexp50: -0.40%
Price / MAexp100: -0.48%

Quotes : 03/03/2023 - 14:44 - 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 AI

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