CAD/ZAR - Daily - Technical analysis published on 05/12/2021 (GMT)
- 168
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
6%
44%
My opinion
Neutral between 11.3491 ZAR and 11.6966 ZAR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/ZAR. It is difficult to advise a trading direction under these conditions. The first support is located at 11.3491 ZAR. The first resistance is located at 11.6966 ZAR. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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
The CAD/ZAR rating is 11.6411 ZAR. The price registered an increase of +0.66% on the session and was traded between 11.5564 ZAR and 11.6452 ZAR over the period. The price is currently at +0.73% from its lowest and -0.04% from its highest.11.5564
11.6452
11.6411
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAD/ZAR indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 10.1163 | 10.7368 | 11.3491 | 11.6411 | 11.6966 | 11.8982 | 12.2023 |
| Change (%) | -13.10% | -7.77% | -2.51% | - | +0.48% | +2.21% | +4.82% |
| Change | -1.5248 | -0.9043 | -0.2920 | - | +0.0555 | +0.2571 | +0.5612 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
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 | 11.4019 | 11.4635 | 11.5142 | 11.5758 | 11.6265 | 11.6881 | 11.7388 |
| Camarilla | 11.5340 | 11.5443 | 11.5546 | 11.5649 | 11.5752 | 11.5855 | 11.5958 |
| Woodie | 11.3965 | 11.4608 | 11.5088 | 11.5731 | 11.6211 | 11.6854 | 11.7334 |
| Fibonacci | 11.4635 | 11.5064 | 11.5329 | 11.5758 | 11.6187 | 11.6452 | 11.6881 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2656 | 11.4175 | 11.5042 | 11.6561 | 11.7428 | 11.8947 | 11.9814 |
| Camarilla | 11.5254 | 11.5473 | 11.5691 | 11.5910 | 11.6129 | 11.6347 | 11.6566 |
| Woodie | 11.2331 | 11.4012 | 11.4717 | 11.6398 | 11.7103 | 11.8784 | 11.9489 |
| Fibonacci | 11.4175 | 11.5086 | 11.5649 | 11.6561 | 11.7472 | 11.8035 | 11.8947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8830 | 11.0736 | 11.4334 | 11.6240 | 11.9838 | 12.1744 | 12.5342 |
| Camarilla | 11.6417 | 11.6922 | 11.7427 | 11.7931 | 11.8436 | 11.8940 | 11.9445 |
| Woodie | 10.9675 | 11.1159 | 11.5179 | 11.6663 | 12.0683 | 12.2167 | 12.6187 |
| Fibonacci | 11.0736 | 11.2839 | 11.4138 | 11.6240 | 11.8343 | 11.9642 | 12.1744 |
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): | 50.64 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | -4.1633 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 11.6061 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7824 | |
| Elder Ray (13): | -0.0186 | |
| Super Trend (3,10): | 11.3807 | |
| Zig ZAG (10): | 11.6258 | |
| VORTEX (21): | 0.9995 | |
| Stochastique (14,3,5): | 53.87 | |
| TEMA (21): | 11.6446 | |
| Williams %R (14): | -42.92 | |
| Chande Momentum Oscillator (20): | 0.1189 | |
| Repulse (5,40,3): | 0.4003 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0150 | |
| Courbe Coppock: | 3.62 |
| MA7: | 11.6483 | |
| MA20: | 11.5533 | |
| MA50: | 11.7058 | |
| MA100: | 11.7147 | |
| MAexp7: | 11.6252 | |
| MAexp20: | 11.6135 | |
| MAexp50: | 11.6548 | |
| MAexp100: | 11.7523 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.94% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/ZAR - Daily