CAD/ZAR - 1H - Technical analysis published on 05/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
44%
22%
33%
My opinion
Neutral between 12.5895 ZAR and 12.6752 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 12.6752 ZAR. The nearest support is located at 12.5895 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.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/ZAR rating 12.6534 ZAR. On the day, this instrument gained +0.30% with the lowest point at 12.5810 ZAR and the highest point at 12.6584 ZAR. The deviation from the price is +0.58% for the low point and -0.04% for the high point.12.5810
12.6584
12.6534
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/ZAR chart shows a neutral trend. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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 over 0
Type : Bullish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.2023 | 12.5294 | 12.5895 | 12.6534 | 12.6752 | 12.9467 | 13.0815 |
| Change (%) | -3.57% | -0.98% | -0.51% | - | +0.17% | +2.32% | +3.38% |
| Change | -0.4511 | -0.1240 | -0.0639 | - | +0.0218 | +0.2933 | +0.4281 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 12.4514 | 12.5272 | 12.5711 | 12.6469 | 12.6908 | 12.7666 | 12.8105 |
| Camarilla | 12.5821 | 12.5931 | 12.6040 | 12.6150 | 12.6260 | 12.6370 | 12.6479 |
| Woodie | 12.4355 | 12.5192 | 12.5552 | 12.6389 | 12.6749 | 12.7586 | 12.7946 |
| Fibonacci | 12.5272 | 12.5729 | 12.6012 | 12.6469 | 12.6926 | 12.7209 | 12.7666 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7101 | 12.1359 | 12.3526 | 12.7784 | 12.9951 | 13.4209 | 13.6376 |
| Camarilla | 12.3926 | 12.4515 | 12.5104 | 12.5693 | 12.6282 | 12.6871 | 12.7460 |
| Woodie | 11.6056 | 12.0836 | 12.2481 | 12.7261 | 12.8906 | 13.3686 | 13.5331 |
| Fibonacci | 12.1359 | 12.3813 | 12.5330 | 12.7784 | 13.0238 | 13.1755 | 13.4209 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.10 | |
| MACD (12,26,9): | -0.0072 | |
| Directional Movement: | -4.1518 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 12.6159 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.6233 | |
| Elder Ray (13): | -0.0143 | |
| Super Trend (3,10): | 12.5866 | |
| Zig ZAG (10): | 12.6300 | |
| VORTEX (21): | 0.8941 | |
| Stochastique (14,3,5): | 35.98 | |
| TEMA (21): | 12.6079 | |
| Williams %R (14): | -38.07 | |
| Chande Momentum Oscillator (20): | -0.0081 | |
| Repulse (5,40,3): | 0.2336 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0036 | |
| Courbe Coppock: | 0.49 |
| MA7: | 12.6528 | |
| MA20: | 12.9939 | |
| MA50: | 12.9891 | |
| MA100: | 12.1667 | |
| MAexp7: | 12.6230 | |
| MAexp20: | 12.6217 | |
| MAexp50: | 12.6251 | |
| MAexp100: | 12.6597 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -2.62% | |
| Price / MA50: | -2.58% | |
| Price / MA100: | +4.00% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -0.05% |
Quotes :
2020-05-28 07:10:32
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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