ZAR/USD (X100) FULL0624
ZAR/USD (X100) FULL0624
- USD (-)
- 10 min delayed data - CME Globex Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: ZARUSDXXXX
ISIN: ZARUSDXXXX

ZAR/USD (X100) FULL0624 - Daily - Technical analysis published on 05/18/2022 (GMT)

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  • Timeframe : Daily
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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

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 Clay707. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard6.04756.10756.17756.23756.30756.36756.4375
Camarilla6.21186.22376.23566.24756.25946.27136.2833
Woodie6.05256.11006.18256.24006.31256.37006.4425
Fibonacci6.10756.15726.18786.23756.28726.31786.3675


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.96836.04176.10086.17426.23336.30676.3658
Camarilla6.12366.13576.14796.16006.17226.18436.1964
Woodie5.96136.03816.09386.17066.22636.30316.3588
Fibonacci6.04176.09236.12366.17426.22486.25616.3067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.33005.75006.03506.45506.74007.16007.4450
Camarilla6.12616.19086.25546.32006.38466.44936.5139
Woodie5.26255.71635.96756.42136.67257.12637.3775
Fibonacci5.75006.01936.18576.45506.72436.89077.1600

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 : - 10 min delayed data - CME Globex Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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