NZD/ZAR - 1H - Technical analysis published on 02/10/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 10.4946 ZAR
My targets
10.4329 ZAR (-0.0339)
10.3878 ZAR (-0.0790)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10.4946 ZAR remains possible. It is advisable to trade NZD/ZAR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10.4946 ZAR. The next bearish objective for sellers is set at 10.4329 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.3878 ZAR. In case of crossing, the next objective would be the support located at 10.2536 ZAR. PS: if there is a bullish break in the resistance located at 10.4946 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/ZAR rating 10.4668 ZAR. The price registered an increase of +0.42% on the session and was traded between 10.4431 ZAR and 10.5417 ZAR over the period. The price is currently at +0.23% from its lowest and -0.71% from its highest.10.4431
10.5417
10.4668
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.2536 | 10.3878 | 10.4329 | 10.4668 | 10.4946 | 10.5448 | 10.5941 |
| Change (%) | -2.04% | -0.75% | -0.32% | - | +0.27% | +0.75% | +1.22% |
| Change | -0.2132 | -0.0790 | -0.0339 | - | +0.0278 | +0.0780 | +0.1273 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 10.2682 | 10.3280 | 10.3753 | 10.4351 | 10.4824 | 10.5422 | 10.5895 |
| Camarilla | 10.3932 | 10.4030 | 10.4128 | 10.4226 | 10.4324 | 10.4422 | 10.4521 |
| Woodie | 10.2620 | 10.3249 | 10.3691 | 10.4320 | 10.4762 | 10.5391 | 10.5833 |
| Fibonacci | 10.3280 | 10.3689 | 10.3942 | 10.4351 | 10.4760 | 10.5013 | 10.5422 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1010 | 10.2444 | 10.3335 | 10.4769 | 10.5660 | 10.7094 | 10.7985 |
| Camarilla | 10.3587 | 10.3800 | 10.4013 | 10.4226 | 10.4439 | 10.4652 | 10.4865 |
| Woodie | 10.0739 | 10.2308 | 10.3064 | 10.4633 | 10.5389 | 10.6958 | 10.7714 |
| Fibonacci | 10.2444 | 10.3332 | 10.3881 | 10.4769 | 10.5657 | 10.6206 | 10.7094 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1439 | 10.2818 | 10.4063 | 10.5442 | 10.6687 | 10.8066 | 10.9311 |
| Camarilla | 10.4585 | 10.4826 | 10.5067 | 10.5307 | 10.5548 | 10.5788 | 10.6029 |
| Woodie | 10.1371 | 10.2785 | 10.3995 | 10.5409 | 10.6619 | 10.8033 | 10.9243 |
| Fibonacci | 10.2818 | 10.3821 | 10.4440 | 10.5442 | 10.6445 | 10.7064 | 10.8066 |
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): | 51.55 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | 1.8498 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 10.4502 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4081 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 10.4230 | |
| Zig ZAG (10): | 10.4627 | |
| VORTEX (21): | 0.8589 | |
| Stochastique (14,3,5): | 44.68 | |
| TEMA (21): | 10.4594 | |
| Williams %R (14): | -54.00 | |
| Chande Momentum Oscillator (20): | 0.0487 | |
| Repulse (5,40,3): | -0.0374 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.48 |
| MA7: | 10.5032 | |
| MA20: | 10.5205 | |
| MA50: | 10.5058 | |
| MA100: | 10.5905 | |
| MAexp7: | 10.4589 | |
| MAexp20: | 10.4566 | |
| MAexp50: | 10.4737 | |
| MAexp100: | 10.4948 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.07% | |
| 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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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