CAD/ZAR - 1H - Technical analysis published on 05/12/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
78%
0%
22%
My opinion
Neutral between 13.1284 ZAR and 13.1937 ZAR
My targets
-
My analysis
There is no basic trend on CAD/ZAR and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 13.1937 ZAR. The nearest support is located at 13.1284 ZAR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/ZAR rating 13.1686 ZAR. The price registered an increase of +0.25% on the session and was traded between 13.1085 ZAR and 13.1936 ZAR over the period. The price is currently at +0.46% from its lowest and -0.19% from its highest.13.1085
13.1936
13.1686
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/ZAR indicates that the overall trend is not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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:
Horizontal support is broken
Type : Bearish
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 | 13.0215 | 13.0848 | 13.1284 | 13.1686 | 13.1937 | 13.3387 | 13.4103 |
| Change (%) | -1.12% | -0.64% | -0.31% | - | +0.19% | +1.29% | +1.84% |
| Change | -0.1471 | -0.0838 | -0.0402 | - | +0.0251 | +0.1701 | +0.2417 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | 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 | 12.9720 | 13.0279 | 13.0816 | 13.1375 | 13.1912 | 13.2471 | 13.3008 |
| Camarilla | 13.1052 | 13.1152 | 13.1253 | 13.1353 | 13.1454 | 13.1554 | 13.1654 |
| Woodie | 12.9709 | 13.0274 | 13.0805 | 13.1370 | 13.1901 | 13.2466 | 13.2997 |
| Fibonacci | 13.0279 | 13.0698 | 13.0956 | 13.1375 | 13.1794 | 13.2052 | 13.2471 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.5903 | 12.8058 | 12.9805 | 13.1960 | 13.3707 | 13.5862 | 13.7609 |
| Camarilla | 13.0478 | 13.0836 | 13.1193 | 13.1551 | 13.1909 | 13.2266 | 13.2624 |
| Woodie | 12.5698 | 12.7956 | 12.9600 | 13.1858 | 13.3502 | 13.5760 | 13.7404 |
| Fibonacci | 12.8058 | 12.9549 | 13.0470 | 13.1960 | 13.3451 | 13.4372 | 13.5862 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6282 | 12.0953 | 12.6970 | 13.1641 | 13.7658 | 14.2329 | 14.8346 |
| Camarilla | 13.0048 | 13.1028 | 13.2007 | 13.2987 | 13.3967 | 13.4947 | 13.5926 |
| Woodie | 11.6955 | 12.1290 | 12.7643 | 13.1978 | 13.8331 | 14.2666 | 14.9019 |
| Fibonacci | 12.0953 | 12.5036 | 12.7558 | 13.1641 | 13.5724 | 13.8246 | 14.2329 |
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): | 58.07 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | 7.9148 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 13.1345 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.0838 | |
| Elder Ray (13): | 0.0155 | |
| Super Trend (3,10): | 13.2107 | |
| Zig ZAG (10): | 13.1813 | |
| VORTEX (21): | 0.9775 | |
| Stochastique (14,3,5): | 68.71 | |
| TEMA (21): | 13.1465 | |
| Williams %R (14): | -5.37 | |
| Chande Momentum Oscillator (20): | 0.0647 | |
| Repulse (5,40,3): | 0.5916 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0085 | |
| Courbe Coppock: | 0.19 |
| MA7: | 13.1832 | |
| MA20: | 13.2938 | |
| MA50: | 12.7215 | |
| MA100: | 11.9275 | |
| MAexp7: | 13.1330 | |
| MAexp20: | 13.1398 | |
| MAexp50: | 13.1595 | |
| MAexp100: | 13.1841 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +3.51% | |
| Price / MA100: | +10.41% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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