Londinia Opportunities Analyses - 11/14/2024 (GMT) EUR/ZAR - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 19.2118 ZAR
My targets
19.3845 ZAR (+0.1140)
19.5269 ZAR (+0.2564)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/ZAR as long as the price remains well above 19.2118 ZAR. The buyers' bullish objective is set at 19.3845 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.5269 ZAR. If there is any crossing, the next objective would be the resistance located at 20.2234 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.4
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Additional analysis
Quotes
EUR/ZAR rating 19.2705 ZAR. The price registered an increase of +0.03% on the session and was between 19.2544 ZAR and 19.2735 ZAR. This implies that the price is at +0.08% from its lowest and at -0.02% from its highest.19.2544
19.2735
19.2705
Here is a more detailed summary of the historical variations registered by EUR/ZAR:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.0463 | 19.1410 | 19.2118 | 19.2705 | 19.2723 | 19.5269 | 20.2234 |
| Change (%) | -1.16% | -0.67% | -0.30% | - | +0.01% | +1.33% | +4.94% |
| Change | -0.2242 | -0.1295 | -0.0587 | - | +0.0018 | +0.2564 | +0.9529 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 18.8734 | 18.9641 | 19.1140 | 19.2047 | 19.3546 | 19.4453 | 19.5952 |
| Camarilla | 19.1977 | 19.2198 | 19.2419 | 19.2639 | 19.2860 | 19.3080 | 19.3301 |
| Woodie | 18.9030 | 18.9789 | 19.1436 | 19.2195 | 19.3842 | 19.4601 | 19.6248 |
| Fibonacci | 18.9641 | 19.0560 | 19.1128 | 19.2047 | 19.2966 | 19.3534 | 19.4453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1220 | 18.3915 | 18.6185 | 18.8880 | 19.1150 | 19.3845 | 19.6115 |
| Camarilla | 18.7089 | 18.7544 | 18.7999 | 18.8454 | 18.8909 | 18.9364 | 18.9819 |
| Woodie | 18.1007 | 18.3809 | 18.5972 | 18.8774 | 19.0937 | 19.3739 | 19.5902 |
| Fibonacci | 18.3915 | 18.5812 | 18.6984 | 18.8880 | 19.0777 | 19.1949 | 19.3845 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4458 | 18.6718 | 18.9152 | 19.1412 | 19.3846 | 19.6106 | 19.8540 |
| Camarilla | 19.0295 | 19.0725 | 19.1156 | 19.1586 | 19.2016 | 19.2447 | 19.2877 |
| Woodie | 18.4545 | 18.6762 | 18.9239 | 19.1456 | 19.3933 | 19.6150 | 19.8627 |
| Fibonacci | 18.6718 | 18.8511 | 18.9619 | 19.1412 | 19.3205 | 19.4313 | 19.6106 |
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): | 59.73 | |
| MACD (12,26,9): | 0.0245 | |
| Directional Movement: | 1.7542 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 19.2558 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.1731 | |
| Elder Ray (13): | 0.0208 | |
| Super Trend (3,10): | 19.1314 | |
| Zig ZAG (10): | 19.2715 | |
| VORTEX (21): | 1.0520 | |
| Stochastique (14,3,5): | 83.45 | |
| TEMA (21): | 19.2590 | |
| Williams %R (14): | -17.18 | |
| Chande Momentum Oscillator (20): | 0.1289 | |
| Repulse (5,40,3): | 0.0909 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0118 | |
| Courbe Coppock: | 1.18 |
| MA7: | 19.0526 | |
| MA20: | 19.0781 | |
| MA50: | 19.2490 | |
| MA100: | 19.5373 | |
| MAexp7: | 19.2561 | |
| MAexp20: | 19.2267 | |
| MAexp50: | 19.1752 | |
| MAexp100: | 19.1056 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -1.37% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.86% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on EUR/ZAR. At the time of publication of this analysis, the latest news was as follows:
EUR/ZAR To Remain Weak