CAD/ZAR - 1H - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 12.7511 ZAR
My targets
12.4533 ZAR (-0.1898)
12.3219 ZAR (-0.3212)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on CAD/ZAR as long as the price remains well below 12.7511 ZAR. The next bearish objective for sellers is set at 12.4533 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.3219 ZAR. In case of crossing, the next objective would be the support located at 12.2023 ZAR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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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 12.6431 ZAR. The price registered a decrease of -0.33% on the session with the lowest point at 12.6409 ZAR and the highest point at 12.7005 ZAR. The deviation from the price is +0.02% for the low point and -0.45% for the high point.12.6409
12.7005
12.6431
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CAD/ZAR in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
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 oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
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 | 12.3219 | 12.4533 | 12.6431 | 12.6503 | 12.7511 | 12.8162 |
| Change (%) | -3.49% | -2.54% | -1.50% | - | +0.06% | +0.85% | +1.37% |
| Change | -0.4408 | -0.3212 | -0.1898 | - | +0.0072 | +0.1080 | +0.1731 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4123 | 12.5305 | 12.6076 | 12.7258 | 12.8029 | 12.9211 | 12.9982 |
| Camarilla | 12.6309 | 12.6488 | 12.6667 | 12.6846 | 12.7025 | 12.7204 | 12.7383 |
| Woodie | 12.3917 | 12.5202 | 12.5870 | 12.7155 | 12.7823 | 12.9108 | 12.9776 |
| Fibonacci | 12.5305 | 12.6051 | 12.6512 | 12.7258 | 12.8004 | 12.8465 | 12.9211 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4487 | 10.3868 | 11.4132 | 12.3513 | 13.3777 | 14.3158 | 15.3422 |
| Camarilla | 11.8994 | 12.0794 | 12.2595 | 12.4396 | 12.6197 | 12.7998 | 12.9798 |
| Woodie | 9.4929 | 10.4089 | 11.4574 | 12.3734 | 13.4219 | 14.3379 | 15.3864 |
| Fibonacci | 10.3868 | 11.1372 | 11.6009 | 12.3513 | 13.1017 | 13.5654 | 14.3158 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2618 | 11.2397 | 11.3337 | 12.3116 | 12.4056 | 13.3835 | 13.4775 |
| Camarilla | 11.1330 | 11.2313 | 11.3295 | 11.4278 | 11.5261 | 11.6243 | 11.7226 |
| Woodie | 9.8200 | 11.0187 | 10.8919 | 12.0906 | 11.9638 | 13.1625 | 13.0357 |
| Fibonacci | 11.2397 | 11.6491 | 11.9021 | 12.3116 | 12.7210 | 12.9740 | 13.3835 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.32 | |
| MACD (12,26,9): | -0.0173 | |
| Directional Movement: | -8.9662 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 12.6691 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.6905 | |
| Elder Ray (13): | -0.0164 | |
| Super Trend (3,10): | 12.7629 | |
| Zig ZAG (10): | 12.6778 | |
| VORTEX (21): | 0.9485 | |
| Stochastique (14,3,5): | 35.87 | |
| TEMA (21): | 12.6541 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.0049 | |
| Repulse (5,40,3): | 0.1246 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0197 | |
| Courbe Coppock: | 0.54 |
| MA7: | 12.4674 | |
| MA20: | 12.5724 | |
| MA50: | 12.7465 | |
| MA100: | 12.6846 | |
| MAexp7: | 12.6747 | |
| MAexp20: | 12.6919 | |
| MAexp50: | 12.6928 | |
| MAexp100: | 12.6479 | |
| Price / MA7: | +1.41% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.04% |
Quotes :
2020-09-25 06:59:47
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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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