NZD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDZAR
ISIN:

NZD/ZAR - 1H - Technical analysis published on 01/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

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

7.9

Comment on the analysis

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 11.7177 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:

The Central Records scanner for higher/lower results shows the following items:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

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

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 : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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