NZD/ZAR - 1H - Technical analysis published on 03/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 11.3743 ZAR
My targets
11.4058 ZAR (+0.0166)
11.4323 ZAR (+0.0431)
My analysis
The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 11.3743 ZAR, you could try to benefit from the boom. The first bullish objective is located at 11.4058 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.4323 ZAR as an objective. Crossing it would then enable buyers to target 11.4765 ZAR. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The NZD/ZAR rating is 11.3892 ZAR. On the day, this instrument gained +0.02% with the lowest point at 11.3379 ZAR and the highest point at 11.4469 ZAR. The deviation from the price is +0.45% for the low point and -0.50% for the high point.11.3379
11.4469
11.3892
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
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 this 1H chart of NZD/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R 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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.3141 | 11.3527 | 11.3743 | 11.3892 | 11.4058 | 11.4323 | 11.4765 |
| Change (%) | -0.66% | -0.32% | -0.13% | - | +0.15% | +0.38% | +0.77% |
| Change | -0.0751 | -0.0365 | -0.0149 | - | +0.0166 | +0.0431 | +0.0873 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1732 | 11.2340 | 11.3103 | 11.3711 | 11.4474 | 11.5082 | 11.5845 |
| Camarilla | 11.3490 | 11.3616 | 11.3741 | 11.3867 | 11.3993 | 11.4118 | 11.4244 |
| Woodie | 11.1811 | 11.2379 | 11.3182 | 11.3750 | 11.4553 | 11.5121 | 11.5924 |
| Fibonacci | 11.2340 | 11.2863 | 11.3187 | 11.3711 | 11.4234 | 11.4558 | 11.5082 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0505 | 11.1451 | 11.2167 | 11.3113 | 11.3829 | 11.4775 | 11.5491 |
| Camarilla | 11.2427 | 11.2579 | 11.2732 | 11.2884 | 11.3036 | 11.3189 | 11.3341 |
| Woodie | 11.0391 | 11.1394 | 11.2053 | 11.3056 | 11.3715 | 11.4718 | 11.5377 |
| Fibonacci | 11.1451 | 11.2086 | 11.2478 | 11.3113 | 11.3748 | 11.4140 | 11.4775 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6351 | 10.8211 | 11.0832 | 11.2692 | 11.5313 | 11.7173 | 11.9794 |
| Camarilla | 11.2221 | 11.2632 | 11.3042 | 11.3453 | 11.3864 | 11.4275 | 11.4685 |
| Woodie | 10.6732 | 10.8401 | 11.1213 | 11.2882 | 11.5694 | 11.7363 | 12.0175 |
| Fibonacci | 10.8211 | 10.9923 | 11.0980 | 11.2692 | 11.4404 | 11.5461 | 11.7173 |
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): | 57.06 | |
| MACD (12,26,9): | 0.0103 | |
| Directional Movement: | 11.3742 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 11.3820 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.3457 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 11.3156 | |
| Zig ZAG (10): | 11.3816 | |
| VORTEX (21): | 0.9841 | |
| Stochastique (14,3,5): | 52.53 | |
| TEMA (21): | 11.3802 | |
| Williams %R (14): | -48.45 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | -0.0623 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0118 | |
| Courbe Coppock: | 0.09 |
| MA7: | 11.3380 | |
| MA20: | 11.3298 | |
| MA50: | 11.1084 | |
| MA100: | 10.9233 | |
| MAexp7: | 11.3779 | |
| MAexp20: | 11.3693 | |
| MAexp50: | 11.3492 | |
| MAexp100: | 11.3372 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +2.53% | |
| Price / MA100: | +4.27% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.46% |
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.
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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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