NZD/ZAR - 1H - Technical analysis published on 04/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 11.4033 ZAR
My targets
11.3265 ZAR (-0.0463)
11.2507 ZAR (-0.1221)
My analysis
NZD/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.4033 ZAR. The next support located at 11.3265 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.2507 ZAR. Below this support, sellers could then target 11.1771 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 11.3728 ZAR. On the day, this instrument gained +0.00% and was between 11.3633 ZAR and 11.3870 ZAR. This implies that the price is at +0.08% from its lowest and at -0.12% from its highest.11.3633
11.3870
11.3728
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.2507 | 11.3265 | 11.3681 | 11.3728 | 11.4033 | 11.4765 | 11.5320 |
| Change (%) | -1.07% | -0.41% | -0.04% | - | +0.27% | +0.91% | +1.40% |
| Change | -0.1221 | -0.0463 | -0.0047 | - | +0.0305 | +0.1037 | +0.1592 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1550 | 11.2335 | 11.3032 | 11.3817 | 11.4514 | 11.5299 | 11.5996 |
| Camarilla | 11.3322 | 11.3457 | 11.3593 | 11.3729 | 11.3865 | 11.4001 | 11.4137 |
| Woodie | 11.1506 | 11.2313 | 11.2988 | 11.3795 | 11.4470 | 11.5277 | 11.5952 |
| Fibonacci | 11.2335 | 11.2901 | 11.3251 | 11.3817 | 11.4383 | 11.4733 | 11.5299 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7128 | 10.8796 | 11.1333 | 11.3001 | 11.5538 | 11.7206 | 11.9743 |
| Camarilla | 11.2715 | 11.3100 | 11.3486 | 11.3871 | 11.4257 | 11.4642 | 11.5027 |
| Woodie | 10.7564 | 10.9013 | 11.1769 | 11.3218 | 11.5974 | 11.7423 | 12.0179 |
| Fibonacci | 10.8796 | 11.0402 | 11.1394 | 11.3001 | 11.4607 | 11.5599 | 11.7206 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3917 | 10.7309 | 10.9303 | 11.2695 | 11.4689 | 11.8081 | 12.0075 |
| Camarilla | 10.9815 | 11.0309 | 11.0802 | 11.1296 | 11.1790 | 11.2283 | 11.2777 |
| Woodie | 10.3217 | 10.6960 | 10.8603 | 11.2346 | 11.3989 | 11.7732 | 11.9375 |
| Fibonacci | 10.7309 | 10.9367 | 11.0638 | 11.2695 | 11.4753 | 11.6024 | 11.8081 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.20 | |
| MACD (12,26,9): | -0.0088 | |
| Directional Movement: | -8.6146 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 11.3691 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.3504 | |
| Elder Ray (13): | -0.0045 | |
| Super Trend (3,10): | 11.4384 | |
| Zig ZAG (10): | 11.3699 | |
| VORTEX (21): | 0.9325 | |
| Stochastique (14,3,5): | 39.60 | |
| TEMA (21): | 11.3671 | |
| Williams %R (14): | -68.49 | |
| Chande Momentum Oscillator (20): | -0.0212 | |
| Repulse (5,40,3): | -0.0840 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 0.07 |
| MA7: | 11.4106 | |
| MA20: | 11.3517 | |
| MA50: | 11.3291 | |
| MA100: | 11.1357 | |
| MAexp7: | 11.3741 | |
| MAexp20: | 11.3812 | |
| MAexp50: | 11.3947 | |
| MAexp100: | 11.3958 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.39% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.20% |
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.
About author
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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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