ZAR/USD (X100) FULL0624 - Daily - Technical analysis published on 05/18/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 6.3374 USD
My targets
6.1450 USD (-1.68%)
5.9801 USD (-4.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ZAR/USD (X100) FULL0622 as long as the price remains well below 6.3374 USD. The sellers' bearish objective is set at 6.1450 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.9801 USD. In case of crossing, the next objective would be the support located at 5.4524 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ZAR/USD (X100) FULL0622 rating 6.2500 USD. On the day, this instrument gained +0.04% and was between 6.2300 USD and 6.2775 USD. This implies that the price is at +0.32% from its lowest and at -0.44% from its highest.6.2300
6.2775
6.2500
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ZAR/USD (X100) FULL0622 chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 5.4524 | 5.9801 | 6.1450 | 6.2500 | 6.3374 | 6.4130 | 6.5099 |
Change (%) | -12.76% | -4.32% | -1.68% | - | +1.40% | +2.61% | +4.16% |
Change | -0.7976 | -0.2699 | -0.1050 | - | +0.0874 | +0.1630 | +0.2599 |
Level | Major | Major | Major | - | Major | Minor | Minor |
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 | 6.0475 | 6.1075 | 6.1775 | 6.2375 | 6.3075 | 6.3675 | 6.4375 |
Camarilla | 6.2118 | 6.2237 | 6.2356 | 6.2475 | 6.2594 | 6.2713 | 6.2833 |
Woodie | 6.0525 | 6.1100 | 6.1825 | 6.2400 | 6.3125 | 6.3700 | 6.4425 |
Fibonacci | 6.1075 | 6.1572 | 6.1878 | 6.2375 | 6.2872 | 6.3178 | 6.3675 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.9683 | 6.0417 | 6.1008 | 6.1742 | 6.2333 | 6.3067 | 6.3658 |
Camarilla | 6.1236 | 6.1357 | 6.1479 | 6.1600 | 6.1722 | 6.1843 | 6.1964 |
Woodie | 5.9613 | 6.0381 | 6.0938 | 6.1706 | 6.2263 | 6.3031 | 6.3588 |
Fibonacci | 6.0417 | 6.0923 | 6.1236 | 6.1742 | 6.2248 | 6.2561 | 6.3067 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.3300 | 5.7500 | 6.0350 | 6.4550 | 6.7400 | 7.1600 | 7.4450 |
Camarilla | 6.1261 | 6.1908 | 6.2554 | 6.3200 | 6.3846 | 6.4493 | 6.5139 |
Woodie | 5.2625 | 5.7163 | 5.9675 | 6.4213 | 6.6725 | 7.1263 | 7.3775 |
Fibonacci | 5.7500 | 6.0193 | 6.1857 | 6.4550 | 6.7243 | 6.8907 | 7.1600 |
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): | 43.95 | |
MACD (12,26,9): | -0.0974 | |
Directional Movement: | -2.6931 | |
AROON (14): | -57.1429 | |
DEMA (21): | 6.1616 | |
Parabolic SAR (0,02-0,02-0,2): | 6.3846 | |
Elder Ray (13): | 0.0100 | |
Super Trend (3,10): | 6.4787 | |
Zig ZAG (10): | 6.2550 | |
VORTEX (21): | 0.8392 | |
Stochastique (14,3,5): | 33.33 | |
TEMA (21): | 6.1240 | |
Williams %R (14): | -58.16 | |
Chande Momentum Oscillator (20): | 0.0725 | |
Repulse (5,40,3): | 0.7660 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2606 | |
Courbe Coppock: | 3.81 |
MA7: | 6.1964 | |
MA20: | 6.2532 | |
MA50: | 6.5279 | |
MA100: | 6.4636 | |
MAexp7: | 6.2169 | |
MAexp20: | 6.2951 | |
MAexp50: | 6.4178 | |
MAexp100: | 6.4481 | |
Price / MA7: | +0.87% | |
Price / MA20: | -0.05% | |
Price / MA50: | -4.26% | |
Price / MA100: | -3.30% | |
Price / MAexp7: | +0.53% | |
Price / MAexp20: | -0.72% | |
Price / MAexp50: | -2.61% | |
Price / MAexp100: | -3.07% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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