NZD/ZAR
3.07
ZAR
(-7.53%)
03/26/2025 - 18:07
Open Real time data - Forex
| Open: | 3.32 |
| Change: | -0.25 |
| Volume: | 510,282 |
| Low: | 3.07 |
| High: | 3.35 |
| High / Low range: | 0.28 |
| Type: | Forex |
| Ticker: | NZDZAR |
| ISIN: |
NZD/ZAR - Daily - Technical analysis published on 08/18/2023 (GMT)
- 192
- 0
- 08/18/2023 - 11:35
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- Timeframe : Daily
- - Analysis generated on 08/18/2023 - 11:35
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 11.3867 ZAR
My targets
11.2489 ZAR (-0.0516)
11.0759 ZAR (-0.2246)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/ZAR. As long as you are under the resistance located at 11.3867 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.2489 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11.0759 ZAR as an objective. Crossing it would then enable sellers to target 10.8491 ZAR. If the resistance 11.3867 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/ZAR price is 11.3005 ZAR. The price registered a decrease of -0.02% on the session and was traded between 11.2690 ZAR and 11.3391 ZAR over the period. The price is currently at +0.28% from its lowest and -0.34% from its highest.11.2690
11.3391
11.3005
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NZD/ZAR chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.8491 | 11.0759 | 11.2489 | 11.3005 | 11.3867 | 11.6735 | 12.2059 |
| Change (%) | -3.99% | -1.99% | -0.46% | - | +0.76% | +3.30% | +8.01% |
| Change | -0.4514 | -0.2246 | -0.0516 | - | +0.0862 | +0.3730 | +0.9054 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1258 | 11.1977 | 11.2502 | 11.3221 | 11.3746 | 11.4465 | 11.4990 |
| Camarilla | 11.2686 | 11.2800 | 11.2914 | 11.3028 | 11.3142 | 11.3256 | 11.3370 |
| Woodie | 11.1162 | 11.1929 | 11.2406 | 11.3173 | 11.3650 | 11.4417 | 11.4894 |
| Fibonacci | 11.1977 | 11.2452 | 11.2746 | 11.3221 | 11.3696 | 11.3990 | 11.4465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8552 | 11.0366 | 11.1907 | 11.3721 | 11.5262 | 11.7076 | 11.8617 |
| Camarilla | 11.2525 | 11.2833 | 11.3141 | 11.3448 | 11.3756 | 11.4063 | 11.4371 |
| Woodie | 10.8416 | 11.0298 | 11.1771 | 11.3653 | 11.5126 | 11.7008 | 11.8481 |
| Fibonacci | 11.0366 | 11.1648 | 11.2439 | 11.3721 | 11.5003 | 11.5794 | 11.7076 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6377 | 10.2305 | 10.6582 | 11.2510 | 11.6787 | 12.2715 | 12.6992 |
| Camarilla | 10.8053 | 10.8988 | 10.9924 | 11.0859 | 11.1795 | 11.2730 | 11.3665 |
| Woodie | 9.5552 | 10.1892 | 10.5757 | 11.2097 | 11.5962 | 12.2302 | 12.6167 |
| Fibonacci | 10.2305 | 10.6203 | 10.8612 | 11.2510 | 11.6408 | 11.8817 | 12.2715 |
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): | 48.57 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 1.0595 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.3150 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5478 | |
| Elder Ray (13): | -0.0245 | |
| Super Trend (3,10): | 10.9964 | |
| Zig ZAG (10): | 11.3048 | |
| VORTEX (21): | 1.0398 | |
| Stochastique (14,3,5): | 64.09 | |
| TEMA (21): | 11.3700 | |
| Williams %R (14): | -49.25 | |
| Chande Momentum Oscillator (20): | 0.0619 | |
| Repulse (5,40,3): | -0.6798 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0144 | |
| Courbe Coppock: | 5.43 |
| MA7: | 11.3517 | |
| MA20: | 11.2369 | |
| MA50: | 11.3523 | |
| MA100: | 11.4746 | |
| MAexp7: | 11.3426 | |
| MAexp20: | 11.3200 | |
| MAexp50: | 11.3658 | |
| MAexp100: | 11.3711 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | -1.52% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.62% |
Quotes :
08/18/2023 - 11:35
-
Real time data
-
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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