CAD/ZAR - 1H - Technical analysis published on 07/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 12.5850 ZAR
My targets
12.4860 ZAR (-0.0528)
12.4135 ZAR (-0.1253)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/ZAR. As long as you are under the resistance located at 12.5850 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 12.4860 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 12.4135 ZAR as an objective. Crossing it would then enable sellers to target 12.2023 ZAR. If the resistance 12.5850 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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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 12.5388 ZAR. The price registered an increase of +0.10% on the session and was traded between 12.5085 ZAR and 12.5602 ZAR over the period. The price is currently at +0.24% from its lowest and -0.17% from its highest.12.5085
12.5602
12.5388
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CAD/ZAR indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. 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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 12.4135 | 12.4860 | 12.5320 | 12.5388 | 12.5850 | 12.6645 | 12.8069 |
| Change (%) | -1.00% | -0.42% | -0.05% | - | +0.37% | +1.00% | +2.14% |
| Change | -0.1253 | -0.0528 | -0.0068 | - | +0.0462 | +0.1257 | +0.2681 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 12.3277 | 12.4063 | 12.4662 | 12.5448 | 12.6047 | 12.6833 | 12.7432 |
| Camarilla | 12.4879 | 12.5006 | 12.5133 | 12.5260 | 12.5387 | 12.5514 | 12.5641 |
| Woodie | 12.3183 | 12.4016 | 12.4568 | 12.5401 | 12.5953 | 12.6786 | 12.7338 |
| Fibonacci | 12.4063 | 12.4592 | 12.4919 | 12.5448 | 12.5977 | 12.6304 | 12.6833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0056 | 12.2096 | 12.3938 | 12.5978 | 12.7820 | 12.9860 | 13.1702 |
| Camarilla | 12.4713 | 12.5069 | 12.5425 | 12.5781 | 12.6137 | 12.6493 | 12.6849 |
| Woodie | 11.9958 | 12.2047 | 12.3840 | 12.5929 | 12.7722 | 12.9811 | 13.1604 |
| Fibonacci | 12.2096 | 12.3579 | 12.4495 | 12.5978 | 12.7461 | 12.8377 | 12.9860 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6570 | 11.9330 | 12.3547 | 12.6307 | 13.0524 | 13.3284 | 13.7501 |
| Camarilla | 12.5845 | 12.6485 | 12.7124 | 12.7764 | 12.8404 | 12.9043 | 12.9683 |
| Woodie | 11.7299 | 11.9694 | 12.4276 | 12.6671 | 13.1253 | 13.3648 | 13.8230 |
| Fibonacci | 11.9330 | 12.1995 | 12.3642 | 12.6307 | 12.8972 | 13.0619 | 13.3284 |
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): | 49.71 | |
| MACD (12,26,9): | -0.0107 | |
| Directional Movement: | 0.4874 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 12.5279 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4896 | |
| Elder Ray (13): | 0.0059 | |
| Super Trend (3,10): | 12.6108 | |
| Zig ZAG (10): | 12.5318 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 29.10 | |
| TEMA (21): | 12.5232 | |
| Williams %R (14): | -63.96 | |
| Chande Momentum Oscillator (20): | -0.0144 | |
| Repulse (5,40,3): | -0.0518 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0163 | |
| Courbe Coppock: | 0.17 |
| MA7: | 12.5528 | |
| MA20: | 12.6446 | |
| MA50: | 12.7694 | |
| MA100: | 12.6083 | |
| MAexp7: | 12.5344 | |
| MAexp20: | 12.5429 | |
| MAexp50: | 12.5578 | |
| MAexp100: | 12.5668 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -0.55% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.22% |
Quotes :
2020-07-09 07:00:31
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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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