NZD/ZAR - 1H - Technical analysis published on 01/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Additional analysis
Quotes
The NZD/ZAR price is 11.6219 ZAR. The price has increased by +0.52% since the last closing with the lowest point at 11.5521 ZAR and the highest point at 11.6470 ZAR. The deviation from the price is +0.60% for the low point and -0.22% for the high point.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
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 (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 an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.5433 | 11.5808 | 11.6101 | 11.6219 | 11.6645 | 11.7380 | 11.8093 |
| Change (%) | -0.68% | -0.35% | -0.10% | - | +0.37% | +1.00% | +1.61% |
| Change | -0.0786 | -0.0411 | -0.0118 | - | +0.0426 | +0.1161 | +0.1874 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4172 | 11.4802 | 11.5212 | 11.5842 | 11.6252 | 11.6882 | 11.7292 |
| Camarilla | 11.5335 | 11.5430 | 11.5526 | 11.5621 | 11.5716 | 11.5812 | 11.5907 |
| Woodie | 11.4061 | 11.4747 | 11.5101 | 11.5787 | 11.6141 | 11.6827 | 11.7181 |
| Fibonacci | 11.4802 | 11.5200 | 11.5445 | 11.5842 | 11.6240 | 11.6485 | 11.6882 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4231 | 11.4945 | 11.5691 | 11.6405 | 11.7151 | 11.7865 | 11.8611 |
| Camarilla | 11.6036 | 11.6169 | 11.6303 | 11.6437 | 11.6571 | 11.6705 | 11.6839 |
| Woodie | 11.4247 | 11.4953 | 11.5707 | 11.6413 | 11.7167 | 11.7873 | 11.8627 |
| Fibonacci | 11.4945 | 11.5503 | 11.5847 | 11.6405 | 11.6963 | 11.7307 | 11.7865 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7165 | 10.9941 | 11.2747 | 11.5523 | 11.8329 | 12.1105 | 12.3911 |
| Camarilla | 11.4018 | 11.4530 | 11.5041 | 11.5553 | 11.6065 | 11.6576 | 11.7088 |
| Woodie | 10.7180 | 10.9949 | 11.2762 | 11.5531 | 11.8344 | 12.1113 | 12.3926 |
| Fibonacci | 10.9941 | 11.2073 | 11.3391 | 11.5523 | 11.7655 | 11.8973 | 12.1105 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 66.18 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 19.3473 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.5865 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5555 | |
| Elder Ray (13): | 0.0337 | |
| Super Trend (3,10): | 11.5488 | |
| Zig ZAG (10): | 11.6399 | |
| VORTEX (21): | 1.0850 | |
| Stochastique (14,3,5): | 82.57 | |
| TEMA (21): | 11.5972 | |
| Williams %R (14): | -10.33 | |
| Chande Momentum Oscillator (20): | 0.0667 | |
| Repulse (5,40,3): | 0.3640 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0093 | |
| Courbe Coppock: | 0.29 |
| MA7: | 11.6224 | |
| MA20: | 11.6256 | |
| MA50: | 11.4382 | |
| MA100: | 11.3229 | |
| MAexp7: | 11.5966 | |
| MAexp20: | 11.5880 | |
| MAexp50: | 11.5982 | |
| MAexp100: | 11.6121 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.09% |
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