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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 11/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 13.2955 ZAR
My targets
13.4214 ZAR (+0.0389)
13.5328 ZAR (+0.1503)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 13.2955 ZAR. The buyers' bullish objective is set at 13.4214 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.5328 ZAR. If there is any crossing, the next objective would be the resistance located at 13.5750 ZAR. If there is a bearish break in the support located at 13.2955 ZAR some indecision would arise.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6

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

The CAD/ZAR price is 13.3825 ZAR. The price registered an increase of +0.45% on the session with the lowest point at 13.3117 ZAR and the highest point at 13.3833 ZAR. The deviation from the price is +0.53% for the low point and -0.01% for the high point.

13.3117
13.3833
13.3825

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



Here is a more detailed summary of the historical variations registered by CAD/ZAR:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being 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 price crossover with Moving Average 20

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 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.7337 13.1645 13.2955 13.3825 13.4214 13.5328 13.5750
Change (%) -4.85% -1.63% -0.65% - +0.29% +1.12% +1.44%
Change -0.6488 -0.2180 -0.0870 - +0.0389 +0.1503 +0.1925
Level Intermediate Minor Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.181313.244613.283613.346913.385913.449213.4882
Camarilla13.294613.304013.313313.322713.332113.341513.3508
Woodie13.169313.238513.271613.340813.373913.443113.4762
Fibonacci13.244613.283713.307813.346913.386013.410113.4492


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.795913.035413.202613.442113.609313.848814.0160
Camarilla13.258013.295213.332513.369813.407113.444413.4816
Woodie12.759813.017313.166513.424013.573213.830713.9799
Fibonacci13.035413.190813.286713.442113.597513.693413.8488


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.253212.842013.139813.728614.026414.615214.9130
Camarilla13.193913.275213.356413.437713.519013.600213.6815
Woodie12.107812.769312.994413.655913.881014.542514.7676
Fibonacci12.842013.180713.389913.728614.067314.276514.6152

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): 57.99
MACD (12,26,9): -0.0051
Directional Movement: 2.5116
AROON (14): 71.4286
DEMA (21): 13.3321
Parabolic SAR (0,02-0,02-0,2): 13.3078
Elder Ray (13): 0.0051
Super Trend (3,10): 13.3925
Zig ZAG (10): 13.3687
VORTEX (21): 0.9326
Stochastique (14,3,5): 73.35
TEMA (21): 13.3349
Williams %R (14): -5.07
Chande Momentum Oscillator (20): 0.0445
Repulse (5,40,3): 0.4535
ROCnROLL: 1
TRIX (15,9): -0.0103
Courbe Coppock: 0.09
MA7: 13.3775
MA20: 13.6551
MA50: 13.8832
MA100: 13.8836
MAexp7: 13.3409
MAexp20: 13.3404
MAexp50: 13.3531
MAexp100: 13.3832
Price / MA7: +0.04%
Price / MA20: -2.00%
Price / MA50: -3.61%
Price / MA100: -3.61%
Price / MAexp7: +0.31%
Price / MAexp20: +0.32%
Price / MAexp50: +0.22%
Price / MAexp100: -0.01%

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 AI

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