NZD/ZAR - 1H - Technical analysis published on 10/15/2024 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above
My targets
()
()
My analysis
The basic trend is bullish on NZD/ZAR and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support . Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . If there is a return to above the resistance located at , this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be and by extension.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The NZD/ZAR price is 10.6872 ZAR. On the day, this instrument lost -0.02% with the lowest point at 10.6788 ZAR and the highest point at 10.7543 ZAR. The deviation from the price is +0.08% for the low point and -0.62% for the high point.10.6788
10.7543
10.6872
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
A study of price movements over other periods shows the following variations:
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 NZD/ZAR in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6128 | 10.6540 | 10.6810 | 10.6872 | 10.7411 | 10.8004 | 10.8359 |
| Change (%) | -0.70% | -0.31% | -0.06% | - | +0.50% | +1.06% | +1.39% |
| Change | -0.0744 | -0.0332 | -0.0062 | - | +0.0539 | +0.1132 | +0.1487 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4941 | 10.5456 | 10.6177 | 10.6692 | 10.7413 | 10.7928 | 10.8649 |
| Camarilla | 10.6557 | 10.6670 | 10.6784 | 10.6897 | 10.7010 | 10.7124 | 10.7237 |
| Woodie | 10.5043 | 10.5508 | 10.6279 | 10.6744 | 10.7515 | 10.7980 | 10.8751 |
| Fibonacci | 10.5456 | 10.5929 | 10.6220 | 10.6692 | 10.7165 | 10.7456 | 10.7928 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3744 | 10.4938 | 10.5626 | 10.6820 | 10.7508 | 10.8702 | 10.9390 |
| Camarilla | 10.5797 | 10.5969 | 10.6142 | 10.6314 | 10.6487 | 10.6659 | 10.6832 |
| Woodie | 10.3491 | 10.4812 | 10.5373 | 10.6694 | 10.7255 | 10.8576 | 10.9137 |
| Fibonacci | 10.4938 | 10.5657 | 10.6101 | 10.6820 | 10.7539 | 10.7983 | 10.8702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3647 | 10.5647 | 10.7675 | 10.9675 | 11.1703 | 11.3703 | 11.5731 |
| Camarilla | 10.8595 | 10.8965 | 10.9334 | 10.9703 | 11.0072 | 11.0442 | 11.0811 |
| Woodie | 10.3661 | 10.5654 | 10.7689 | 10.9682 | 11.1717 | 11.3710 | 11.5745 |
| Fibonacci | 10.5647 | 10.7186 | 10.8136 | 10.9675 | 11.1214 | 11.2164 | 11.3703 |
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): | 53.52 | |
| MACD (12,26,9): | 0.0104 | |
| Directional Movement: | 7.4893 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 10.7383 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7154 | |
| Elder Ray (13): | 0.0019 | |
| Super Trend (3,10): | 10.6641 | |
| Zig ZAG (10): | 10.7432 | |
| VORTEX (21): | 1.0704 | |
| Stochastique (14,3,5): | 64.43 | |
| TEMA (21): | 10.7377 | |
| Williams %R (14): | -35.44 | |
| Chande Momentum Oscillator (20): | 0.0116 | |
| Repulse (5,40,3): | -0.0190 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0174 | |
| Courbe Coppock: | 0.17 |
| MA7: | 10.6955 | |
| MA20: | 10.8177 | |
| MA50: | 10.9238 | |
| MA100: | 11.0321 | |
| MAexp7: | 10.7273 | |
| MAexp20: | 10.7224 | |
| MAexp50: | 10.7028 | |
| MAexp100: | 10.7001 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.12% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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