CAD/ZAR - Daily - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Additional analysis
Quotes
CAD/ZAR rating 11.5065 ZAR. The price is lower by -0.08% since the last closing and was traded between 11.4883 ZAR and 11.5254 ZAR over the period. The price is currently at +0.16% from its lowest and -0.16% from its highest.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
Here is a more detailed summary of the historical variations registered by CAD/ZAR:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAD/ZAR indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 : Daily
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 10.1163 | 10.7368 | 11.3530 | 11.5065 | 11.6966 | 11.8929 | 12.2023 |
Change (%) | -12.08% | -6.69% | -1.33% | - | +1.65% | +3.36% | +6.05% |
Change | -1.3902 | -0.7697 | -0.1535 | - | +0.1901 | +0.3864 | +0.6958 |
Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.3570 | 11.4318 | 11.4740 | 11.5488 | 11.5910 | 11.6658 | 11.7080 |
Camarilla | 11.4840 | 11.4948 | 11.5055 | 11.5162 | 11.5269 | 11.5377 | 11.5484 |
Woodie | 11.3407 | 11.4237 | 11.4577 | 11.5407 | 11.5747 | 11.6577 | 11.6917 |
Fibonacci | 11.4318 | 11.4765 | 11.5041 | 11.5488 | 11.5935 | 11.6211 | 11.6658 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.2374 | 11.4238 | 11.5246 | 11.7110 | 11.8118 | 11.9982 | 12.0990 |
Camarilla | 11.5463 | 11.5727 | 11.5990 | 11.6253 | 11.6516 | 11.6780 | 11.7043 |
Woodie | 11.1945 | 11.4024 | 11.4817 | 11.6896 | 11.7689 | 11.9768 | 12.0561 |
Fibonacci | 11.4238 | 11.5335 | 11.6013 | 11.7110 | 11.8207 | 11.8885 | 11.9982 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.6971 | 11.0697 | 11.4621 | 11.8347 | 12.2271 | 12.5997 | 12.9921 |
Camarilla | 11.6441 | 11.7143 | 11.7844 | 11.8545 | 11.9246 | 11.9948 | 12.0649 |
Woodie | 10.7070 | 11.0747 | 11.4720 | 11.8397 | 12.2370 | 12.6047 | 13.0020 |
Fibonacci | 11.0697 | 11.3619 | 11.5425 | 11.8347 | 12.1269 | 12.3075 | 12.5997 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
RSI (14): | 35.81 | |
MACD (12,26,9): | -0.0677 | |
Directional Movement: | -8.0337 | |
AROON (14): | -92.8571 | |
DEMA (21): | 11.6322 | |
Parabolic SAR (0,02-0,02-0,2): | 11.6748 | |
Elder Ray (13): | -0.1533 | |
Super Trend (3,10): | 11.8901 | |
Zig ZAG (10): | 11.4992 | |
VORTEX (21): | 0.8593 | |
Stochastique (14,3,5): | 6.62 | |
TEMA (21): | 11.5696 | |
Williams %R (14): | -98.21 | |
Chande Momentum Oscillator (20): | -0.4297 | |
Repulse (5,40,3): | -1.2939 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0294 | |
Courbe Coppock: | 4.79 |
MA7: | 11.6029 | |
MA20: | 11.7496 | |
MA50: | 11.7260 | |
MA100: | 11.9655 | |
MAexp7: | 11.5961 | |
MAexp20: | 11.7015 | |
MAexp50: | 11.7833 | |
MAexp100: | 11.9448 | |
Price / MA7: | -0.83% | |
Price / MA20: | -2.07% | |
Price / MA50: | -1.87% | |
Price / MA100: | -3.84% | |
Price / MAexp7: | -0.77% | |
Price / MAexp20: | -1.67% | |
Price / MAexp50: | -2.35% | |
Price / MAexp100: | -3.67% |
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