NZD/ZAR
6.8955
ZAR
(-0.19%)
03/28/2025 - 17:09
Open Real time data - Forex
| Open: | 6.9083 |
| Change: | -0.0128 |
| Volume: | 122,159 |
| Low: | 6.8801 |
| High: | 6.9314 |
| High / Low range: | 0.0513 |
| Type: | Forex |
| Ticker: | NZDZAR |
| ISIN: |
NZD/ZAR - 1H - Technical analysis published on 01/22/2024 (GMT)
- 143
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- 01/22/2024 - 14:25
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- Timeframe : 1H
- - Analysis generated on 01/22/2024 - 14:25
- 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%
0%
33%
My opinion
Bullish above 11.6907 ZAR
My targets
11.8093 ZAR (+0.0916)
11.8655 ZAR (+0.1478)
My analysis
The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 11.6907 ZAR, you could try to benefit from the boom. The first bullish objective is located at 11.8093 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.8655 ZAR as an objective. Crossing it would then enable buyers to target 12.0743 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 price is 11.7177 ZAR. On the day, this instrument gained +0.71% and was traded between 11.6007 ZAR and 11.7441 ZAR over the period. The price is currently at +1.01% from its lowest and -0.22% from its highest.11.6007
11.7441
11.7177
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/ZAR in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6502 | 11.6645 | 11.6907 | 11.7177 | 11.8093 | 12.0743 | 12.2059 |
| Change (%) | -0.58% | -0.45% | -0.23% | - | +0.78% | +3.04% | +4.17% |
| Change | -0.0675 | -0.0532 | -0.0270 | - | +0.0916 | +0.3566 | +0.4882 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4415 | 11.4866 | 11.5608 | 11.6059 | 11.6801 | 11.7252 | 11.7994 |
| Camarilla | 11.6021 | 11.6130 | 11.6240 | 11.6349 | 11.6458 | 11.6568 | 11.6677 |
| Woodie | 11.4560 | 11.4939 | 11.5753 | 11.6132 | 11.6946 | 11.7325 | 11.8139 |
| Fibonacci | 11.4866 | 11.5322 | 11.5604 | 11.6059 | 11.6515 | 11.6797 | 11.7252 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3885 | 11.4602 | 11.5475 | 11.6192 | 11.7065 | 11.7782 | 11.8655 |
| Camarilla | 11.5912 | 11.6058 | 11.6203 | 11.6349 | 11.6495 | 11.6641 | 11.6786 |
| Woodie | 11.3964 | 11.4641 | 11.5554 | 11.6231 | 11.7144 | 11.7821 | 11.8734 |
| Fibonacci | 11.4602 | 11.5209 | 11.5584 | 11.6192 | 11.6799 | 11.7174 | 11.7782 |
Monthly
| 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:
Technical indicators
Moving averages
| RSI (14): | 69.32 | |
| MACD (12,26,9): | 0.0274 | |
| Directional Movement: | 18.1762 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.7112 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.6659 | |
| Elder Ray (13): | 0.0225 | |
| Super Trend (3,10): | 11.6409 | |
| Zig ZAG (10): | 11.7161 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 80.06 | |
| TEMA (21): | 11.7258 | |
| Williams %R (14): | -24.80 | |
| Chande Momentum Oscillator (20): | 0.0539 | |
| Repulse (5,40,3): | 0.0022 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0298 | |
| Courbe Coppock: | 1.10 |
| MA7: | 11.6384 | |
| MA20: | 11.6544 | |
| MA50: | 11.4962 | |
| MA100: | 11.3450 | |
| MAexp7: | 11.7082 | |
| MAexp20: | 11.6776 | |
| MAexp50: | 11.6454 | |
| MAexp100: | 11.6324 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +1.93% | |
| Price / MA100: | +3.29% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.73% |
Quotes :
01/22/2024 - 14:25
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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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