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 12/15/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12.7398 ZAR
My targets
12.7856 ZAR (+0.0184)
12.9302 ZAR (+0.1630)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CAD/ZAR as long as the price remains well above 12.7398 ZAR. The buyers' bullish objective is set at 12.7856 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.9302 ZAR. If there is any crossing, the next objective would be the resistance located at 13.0662 ZAR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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

Additional analysis

Quotes

The CAD/ZAR rating is 12.7672 ZAR. The price registered an increase of +0.77% on the session and was traded between 12.6511 ZAR and 12.7889 ZAR over the period. The price is currently at +0.92% from its lowest and -0.17% from its highest.

12.6511
12.7889
12.7672

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/ZAR chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative 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


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

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 these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.5183 12.5804 12.7398 12.7672 12.7856 12.9302 13.0662
Change (%) -1.95% -1.46% -0.21% - +0.14% +1.28% +2.34%
Change -0.2489 -0.1868 -0.0274 - +0.0184 +0.1630 +0.2990
Level Major Intermediate Major - Intermediate 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
Standard12.365612.472912.571112.678412.776612.883912.9821
Camarilla12.612912.631712.650612.669412.688212.707112.7259
Woodie12.361212.470612.566712.676112.772212.881612.9777
Fibonacci12.472912.551412.599912.678412.756912.805412.8839


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.074512.297112.504812.727412.935113.157713.3654
Camarilla12.594212.633612.673112.712512.751912.791412.8308
Woodie12.067112.293412.497412.723712.927713.154013.3580
Fibonacci12.297112.461512.563012.727412.891812.993313.1577


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.303211.878412.336612.911813.370013.945214.4034
Camarilla12.510612.605312.700112.794812.889512.984313.0790
Woodie11.244711.849212.278112.882613.311513.916014.3449
Fibonacci11.878412.273212.517012.911813.306613.550413.9452

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.49
MACD (12,26,9): -0.0027
Directional Movement: 8.2426
AROON (14): 78.5714
DEMA (21): 12.6865
Parabolic SAR (0,02-0,02-0,2): 12.6365
Elder Ray (13): 0.0268
Super Trend (3,10): 12.7494
Zig ZAG (10): 12.7538
VORTEX (21): 1.1432
Stochastique (14,3,5): 86.80
TEMA (21): 12.7170
Williams %R (14): -1.26
Chande Momentum Oscillator (20): 0.0753
Repulse (5,40,3): 0.8429
ROCnROLL: 1
TRIX (15,9): -0.0158
Courbe Coppock: 0.70
MA7: 12.7121
MA20: 12.7773
MA50: 13.0383
MA100: 13.0491
MAexp7: 12.7199
MAexp20: 12.6968
MAexp50: 12.7216
MAexp100: 12.7380
Price / MA7: +0.43%
Price / MA20: -0.08%
Price / MA50: -2.08%
Price / MA100: -2.16%
Price / MAexp7: +0.37%
Price / MAexp20: +0.55%
Price / MAexp50: +0.36%
Price / MAexp100: +0.23%

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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