CAD/ZAR - 1H - Technical analysis published on 01/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 12.8100 ZAR
My targets
12.8705 ZAR (+0.0179)
12.9144 ZAR (+0.0618)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/ZAR as long as the price remains well above 12.8100 ZAR. The buyers' bullish objective is set at 12.8705 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.9144 ZAR. If there is any crossing, the next objective would be the resistance located at 13.0799 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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.
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Additional analysis
Quotes
CAD/ZAR rating 12.8526 ZAR. On the day, this instrument gained +0.00% and was between 12.7921 ZAR and 12.8733 ZAR. This implies that the price is at +0.47% from its lowest and at -0.16% from its highest.12.7921
12.8733
12.8526
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 CAD/ZAR in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.6597 | 12.7398 | 12.8100 | 12.8526 | 12.8705 | 13.0799 | 13.2609 |
| Change (%) | -1.50% | -0.88% | -0.33% | - | +0.14% | +1.77% | +3.18% |
| Change | -0.1929 | -0.1128 | -0.0426 | - | +0.0179 | +0.2273 | +0.4083 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 12.4852 | 12.5723 | 12.7126 | 12.7997 | 12.9400 | 13.0271 | 13.1674 |
| Camarilla | 12.7905 | 12.8113 | 12.8322 | 12.8530 | 12.8739 | 12.8947 | 12.9155 |
| Woodie | 12.5119 | 12.5856 | 12.7393 | 12.8130 | 12.9667 | 13.0404 | 13.1941 |
| Fibonacci | 12.5723 | 12.6591 | 12.7128 | 12.7997 | 12.8865 | 12.9402 | 13.0271 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.1539 | 12.3252 | 12.4485 | 12.6198 | 12.7431 | 12.9144 | 13.0377 |
| Camarilla | 12.4907 | 12.5177 | 12.5447 | 12.5717 | 12.5987 | 12.6257 | 12.6527 |
| Woodie | 12.1298 | 12.3132 | 12.4244 | 12.6078 | 12.7190 | 12.9024 | 13.0136 |
| Fibonacci | 12.3252 | 12.4378 | 12.5073 | 12.6198 | 12.7324 | 12.8019 | 12.9144 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2769 | 11.8595 | 12.2088 | 12.7914 | 13.1407 | 13.7233 | 14.0726 |
| Camarilla | 12.3019 | 12.3874 | 12.4728 | 12.5582 | 12.6436 | 12.7291 | 12.8145 |
| Woodie | 11.1604 | 11.8012 | 12.0923 | 12.7331 | 13.0242 | 13.6650 | 13.9561 |
| Fibonacci | 11.8595 | 12.2155 | 12.4354 | 12.7914 | 13.1474 | 13.3673 | 13.7233 |
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): | 63.65 | |
| MACD (12,26,9): | 0.0187 | |
| Directional Movement: | 14.8688 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 12.8446 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.7921 | |
| Elder Ray (13): | 0.0171 | |
| Super Trend (3,10): | 12.7432 | |
| Zig ZAG (10): | 12.8602 | |
| VORTEX (21): | 1.0765 | |
| Stochastique (14,3,5): | 42.15 | |
| TEMA (21): | 12.8419 | |
| Williams %R (14): | -15.52 | |
| Chande Momentum Oscillator (20): | 0.0282 | |
| Repulse (5,40,3): | 0.3681 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0275 | |
| Courbe Coppock: | 0.10 |
| MA7: | 12.7081 | |
| MA20: | 12.6352 | |
| MA50: | 12.7273 | |
| MA100: | 12.9708 | |
| MAexp7: | 12.8293 | |
| MAexp20: | 12.8167 | |
| MAexp50: | 12.7790 | |
| MAexp100: | 12.7408 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +1.72% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.88% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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