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 09/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 10.8962 ZAR

My targets

11.0043 ZAR (+0.0491)

11.0654 ZAR (+0.1102)

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 10.8962 ZAR. The buyers' bullish objective is set at 11.0043 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.0654 ZAR. If there is any crossing, the next objective would be the resistance located at 11.4159 ZAR.

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

7.1

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 10.9552 ZAR. The price has increased by +0.73% since the last closing and was between 10.8148 ZAR and 10.9650 ZAR. This implies that the price is at +1.30% from its lowest and at -0.09% from its highest.

10.8148

10.9650

10.9552

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

A study of price movements over other periods shows the following variations:

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

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

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	10.8358	10.8714	10.8962	10.9552	10.9634	11.0043	11.0654
Change (%)	-1.09%	-0.76%	-0.54%	-	+0.07%	+0.45%	+1.01%
Change	-0.1194	-0.0838	-0.0590	-	+0.0082	+0.0491	+0.1102
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.7601	10.7946	10.8354	10.8699	10.9107	10.9452	10.9860
Camarilla	10.8556	10.8625	10.8694	10.8763	10.8832	10.8901	10.8970
Woodie	10.7634	10.7962	10.8387	10.8715	10.9140	10.9468	10.9893
Fibonacci	10.7946	10.8233	10.8411	10.8699	10.8986	10.9164	10.9452

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.6696	10.7539	10.8077	10.8920	10.9458	11.0301	11.0839
Camarilla	10.8234	10.8361	10.8487	10.8614	10.8741	10.8867	10.8994
Woodie	10.6543	10.7463	10.7924	10.8844	10.9305	11.0225	11.0686
Fibonacci	10.7539	10.8067	10.8393	10.8920	10.9448	10.9774	11.0301

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.4084	10.5813	10.8633	11.0362	11.3182	11.4911	11.7731
Camarilla	11.0203	11.0620	11.1037	11.1454	11.1871	11.2288	11.2705
Woodie	10.4631	10.6086	10.9180	11.0635	11.3729	11.5184	11.8278
Fibonacci	10.5813	10.7550	10.8624	11.0362	11.2099	11.3173	11.4911

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):	69.74
MACD (12,26,9):	0.0164
Directional Movement:	18.1067
AROON (14):	50.0000
DEMA (21):	10.9062
Parabolic SAR (0,02-0,02-0,2):	10.8468
Elder Ray (13):	0.0538
Super Trend (3,10):	10.8757
Zig ZAG (10):	10.9538
VORTEX (21):	1.1561
Stochastique (14,3,5):	96.40
TEMA (21):	10.9261
Williams %R (14):	-7.86
Chande Momentum Oscillator (20):	0.0909
Repulse (5,40,3):	0.4263
ROCnROLL:	1
TRIX (15,9):	0.0057
Courbe Coppock:	0.81

MA7:	10.9021
MA20:	10.9978
MA50:	10.9603
MA100:	11.0870
MAexp7:	10.9202
MAexp20:	10.8903
MAexp50:	10.8841
MAexp100:	10.8936
Price / MA7:	+0.49%
Price / MA20:	-0.39%
Price / MA50:	-0.05%
Price / MA100:	-1.19%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.59%
Price / MAexp50:	+0.65%
Price / MAexp100:	+0.56%

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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Londinia AI

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