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CAD/ZAR
CAD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADZAR
ISIN:

CAD/ZAR - 1H - Technical analysis published on 10/31/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 13.4543 ZAR
My targets
13.4881 ZAR (+0.0160)
13.5871 ZAR (+0.1150)
My analysis
CAD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13.4543 ZAR. The next resistance located at 13.4881 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.5871 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/ZAR rating 13.4721 ZAR. The price has increased by +1.03% since the last closing with the lowest point at 13.2990 ZAR and the highest point at 13.4846 ZAR. The deviation from the price is +1.30% for the low point and -0.09% for the high point.

13.2990
13.4846
13.4721

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/ZAR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 13.3109 13.3769 13.4543 13.4721 13.4881 13.5871
Change (%) -1.20% -0.71% -0.13% - +0.12% +0.85%
Change -0.1612 -0.0952 -0.0178 - +0.0160 +0.1150
Level Minor Major Minor - 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
Standard13.129113.183213.259213.313313.389313.443413.5194
Camarilla13.299413.311413.323313.335213.347113.359113.3710
Woodie13.140113.188713.270213.318813.400313.448913.5304
Fibonacci13.183213.232913.263613.313313.363013.393713.4434


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.910313.056513.195813.342013.481313.627513.7668
Camarilla13.256713.282913.309013.335213.361413.387513.4137
Woodie12.907013.054813.192513.340313.478013.625813.7635
Fibonacci13.056513.165513.232913.342013.451013.518413.6275


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.495612.737812.905213.147413.314813.557013.7244
Camarilla12.960112.997613.035213.072713.110313.147813.1853
Woodie12.458312.719112.867913.128713.277513.538313.6871
Fibonacci12.737812.894212.990913.147413.303813.400513.5570

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): 61.09
MACD (12,26,9): 0.0329
Directional Movement: 8.0865
AROON (14): 71.4286
DEMA (21): 13.4342
Parabolic SAR (0,02-0,02-0,2): 13.3989
Elder Ray (13): 0.0329
Super Trend (3,10): 13.3390
Zig ZAG (10): 13.4315
VORTEX (21): 1.1415
Stochastique (14,3,5): 77.04
TEMA (21): 13.4465
Williams %R (14): -31.40
Chande Momentum Oscillator (20): 0.0672
Repulse (5,40,3): -0.0215
ROCnROLL: 1
TRIX (15,9): 0.0320
Courbe Coppock: 1.17
MA7: 13.3321
MA20: 13.2353
MA50: 13.1832
MA100: 12.9986
MAexp7: 13.4260
MAexp20: 13.3922
MAexp50: 13.3489
MAexp100: 13.3271
Price / MA7: +1.05%
Price / MA20: +1.79%
Price / MA50: +2.19%
Price / MA100: +3.64%
Price / MAexp7: +0.34%
Price / MAexp20: +0.60%
Price / MAexp50: +0.92%
Price / MAexp100: +1.09%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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