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 05/09/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 11.1389 ZAR

My targets

11.1711 ZAR (+0.0161)

11.1937 ZAR (+0.0387)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/ZAR as long as the price remains well above 11.1389 ZAR. The buyers' bullish objective is set at 11.1711 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.1937 ZAR. If there is any crossing, the next objective would be the resistance located at 11.2219 ZAR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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 11.1550 ZAR. The price has increased by +0.01% since the last closing and was traded between 11.0911 ZAR and 11.1637 ZAR over the period. The price is currently at +0.58% from its lowest and -0.08% from its highest.

11.0911

11.1637

11.1550

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NZD/ZAR:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.0654	11.0851	11.1389	11.1550	11.1711	11.1937	11.2219
Change (%)	-0.80%	-0.63%	-0.14%	-	+0.14%	+0.35%	+0.60%
Change	-0.0896	-0.0699	-0.0161	-	+0.0161	+0.0387	+0.0669
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	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	10.9978	11.0427	11.0986	11.1435	11.1994	11.2443	11.3002
Camarilla	11.1267	11.1359	11.1452	11.1544	11.1636	11.1729	11.1821
Woodie	11.0032	11.0455	11.1040	11.1463	11.2048	11.2471	11.3056
Fibonacci	11.0427	11.0812	11.1050	11.1435	11.1820	11.2058	11.2443

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.7321	10.8512	10.9837	11.1028	11.2353	11.3544	11.4869
Camarilla	11.0470	11.0701	11.0931	11.1162	11.1393	11.1623	11.1854
Woodie	10.7388	10.8546	10.9904	11.1062	11.2420	11.3578	11.4936
Fibonacci	10.8512	10.9473	11.0067	11.1028	11.1989	11.2583	11.3544

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.4931	10.7565	10.9006	11.1640	11.3081	11.5715	11.7156
Camarilla	10.9327	10.9701	11.0075	11.0448	11.0822	11.1195	11.1569
Woodie	10.4336	10.7267	10.8411	11.1342	11.2486	11.5417	11.6561
Fibonacci	10.7565	10.9121	11.0083	11.1640	11.3196	11.4158	11.5715

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):	54.69
MACD (12,26,9):	0.0017
Directional Movement:	5.0201
AROON (14):	57.1429
DEMA (21):	11.1387
Parabolic SAR (0,02-0,02-0,2):	11.1075
Elder Ray (13):	0.0047
Super Trend (3,10):	11.1760
Zig ZAG (10):	11.1567
VORTEX (21):	0.9810
Stochastique (14,3,5):	81.61
TEMA (21):	11.1379
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.0160
Repulse (5,40,3):	0.2797
ROCnROLL:	1
TRIX (15,9):	-0.0022
Courbe Coppock:	0.02

MA7:	11.1001
MA20:	11.1939
MA50:	11.3116
MA100:	11.4691
MAexp7:	11.1394
MAexp20:	11.1372
MAexp50:	11.1324
MAexp100:	11.1248
Price / MA7:	+0.49%
Price / MA20:	-0.35%
Price / MA50:	-1.38%
Price / MA100:	-2.74%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.20%
Price / MAexp100:	+0.27%

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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