CAD/ZAR - 1H - Technical analysis published on 07/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 13.7331 ZAR
My targets
13.6235 ZAR (-0.0718)
13.5507 ZAR (-0.1446)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/ZAR as long as the price remains well below 13.7331 ZAR. The next bearish objective for sellers is set at 13.6235 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.5507 ZAR. If there is any crossing, the next objective would be the support located at 13.1648 ZAR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/ZAR price is 13.6953 ZAR. The price registered a decrease of -0.01% on the session with the lowest point at 13.6786 ZAR and the highest point at 13.6988 ZAR. The deviation from the price is +0.12% for the low point and -0.03% for the high point.13.6786
13.6988
13.6953
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/ZAR:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/ZAR chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.1648 | 13.5507 | 13.6235 | 13.6953 | 13.7331 | 13.8197 | 14.0990 |
| Change (%) | -3.87% | -1.06% | -0.52% | - | +0.28% | +0.91% | +2.95% |
| Change | -0.5305 | -0.1446 | -0.0718 | - | +0.0378 | +0.1244 | +0.4037 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 13.6245 | 13.6424 | 13.6693 | 13.6872 | 13.7141 | 13.7320 | 13.7589 |
| Camarilla | 13.6838 | 13.6879 | 13.6920 | 13.6961 | 13.7002 | 13.7043 | 13.7084 |
| Woodie | 13.6289 | 13.6447 | 13.6737 | 13.6895 | 13.7185 | 13.7343 | 13.7633 |
| Fibonacci | 13.6424 | 13.6596 | 13.6701 | 13.6872 | 13.7044 | 13.7149 | 13.7320 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.8234 | 13.2234 | 13.4609 | 13.8609 | 14.0984 | 14.4984 | 14.7359 |
| Camarilla | 13.5230 | 13.5814 | 13.6399 | 13.6983 | 13.7567 | 13.8152 | 13.8736 |
| Woodie | 12.7421 | 13.1828 | 13.3796 | 13.8203 | 14.0171 | 14.4578 | 14.6546 |
| Fibonacci | 13.2234 | 13.4670 | 13.6174 | 13.8609 | 14.1045 | 14.2549 | 14.4984 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.7621 | 13.2317 | 13.7270 | 14.1966 | 14.6919 | 15.1615 | 15.6568 |
| Camarilla | 13.9571 | 14.0455 | 14.1340 | 14.2224 | 14.3109 | 14.3993 | 14.4878 |
| Woodie | 12.7751 | 13.2381 | 13.7400 | 14.2030 | 14.7049 | 15.1679 | 15.6698 |
| Fibonacci | 13.2317 | 13.6003 | 13.8280 | 14.1966 | 14.5652 | 14.7929 | 15.1615 |
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): | 46.83 | |
| MACD (12,26,9): | -0.0076 | |
| Directional Movement: | -1.8070 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 13.6925 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.7343 | |
| Elder Ray (13): | -0.0101 | |
| Super Trend (3,10): | 13.6749 | |
| Zig ZAG (10): | 13.6947 | |
| VORTEX (21): | 0.9932 | |
| Stochastique (14,3,5): | 21.30 | |
| TEMA (21): | 13.6980 | |
| Williams %R (14): | -78.47 | |
| Chande Momentum Oscillator (20): | -0.0362 | |
| Repulse (5,40,3): | 0.1289 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.63 |
| MA7: | 13.8108 | |
| MA20: | 14.0247 | |
| MA50: | 14.1306 | |
| MA100: | 13.7892 | |
| MAexp7: | 13.6949 | |
| MAexp20: | 13.7023 | |
| MAexp50: | 13.7356 | |
| MAexp100: | 13.8235 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -2.35% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.93% |
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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