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NZD/ZAR
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
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
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
0
10
6.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard10.997811.042711.098611.143511.199411.244311.3002
Camarilla11.126711.135911.145211.154411.163611.172911.1821
Woodie11.003211.045511.104011.146311.204811.247111.3056
Fibonacci11.042711.081211.105011.143511.182011.205811.2443


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.732110.851210.983711.102811.235311.354411.4869
Camarilla11.047011.070111.093111.116211.139311.162311.1854
Woodie10.738810.854610.990411.106211.242011.357811.4936
Fibonacci10.851210.947311.006711.102811.198911.258311.3544


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.493110.756510.900611.164011.308111.571511.7156
Camarilla10.932710.970111.007511.044811.082211.119511.1569
Woodie10.433610.726710.841111.134211.248611.541711.6561
Fibonacci10.756510.912111.008311.164011.319611.415811.5715

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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