CAD/ZAR - 1H - Technical analysis published on 12/20/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 13.8226 ZAR
My targets
13.7104 ZAR (-0.0263)
13.6503 ZAR (-0.0864)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/ZAR. As long as you are under the resistance located at 13.8226 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 13.7104 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 13.6503 ZAR as an objective. Crossing it would then enable sellers to target 13.5750 ZAR. If the resistance 13.8226 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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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 rating is 13.7367 ZAR. The price is lower by -0.09% since the last closing and was between 13.6814 ZAR and 13.7822 ZAR. This implies that the price is at +0.40% from its lowest and at -0.33% from its highest.13.6814
13.7822
13.7367
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/ZAR:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/ZAR chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral 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:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
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 | 13.5750 | 13.6503 | 13.7104 | 13.7367 | 13.8226 | 13.8995 | 14.0215 |
| Change (%) | -1.18% | -0.63% | -0.19% | - | +0.63% | +1.19% | +2.07% |
| Change | -0.1617 | -0.0864 | -0.0263 | - | +0.0859 | +0.1628 | +0.2848 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5116 | 13.6183 | 13.6838 | 13.7905 | 13.8560 | 13.9627 | 14.0282 |
| Camarilla | 13.7020 | 13.7177 | 13.7335 | 13.7493 | 13.7651 | 13.7809 | 13.7967 |
| Woodie | 13.4910 | 13.6080 | 13.6632 | 13.7802 | 13.8354 | 13.9524 | 14.0076 |
| Fibonacci | 13.6183 | 13.6841 | 13.7247 | 13.7905 | 13.8563 | 13.8969 | 13.9627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.8727 | 13.2042 | 13.4423 | 13.7738 | 14.0119 | 14.3434 | 14.5815 |
| Camarilla | 13.5239 | 13.5761 | 13.6283 | 13.6805 | 13.7327 | 13.7849 | 13.8371 |
| Woodie | 12.8261 | 13.1809 | 13.3957 | 13.7505 | 13.9653 | 14.3201 | 14.5349 |
| Fibonacci | 13.2042 | 13.4218 | 13.5562 | 13.7738 | 13.9914 | 14.1258 | 14.3434 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.6899 | 12.9637 | 13.4368 | 13.7106 | 14.1837 | 14.4575 | 14.9306 |
| Camarilla | 13.7044 | 13.7729 | 13.8413 | 13.9098 | 13.9783 | 14.0467 | 14.1152 |
| Woodie | 12.7895 | 13.0135 | 13.5364 | 13.7604 | 14.2833 | 14.5073 | 15.0302 |
| Fibonacci | 12.9637 | 13.2491 | 13.4253 | 13.7106 | 13.9960 | 14.1722 | 14.4575 |
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): | 49.13 | |
| MACD (12,26,9): | -0.0119 | |
| Directional Movement: | 1.6390 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 13.7273 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.6877 | |
| Elder Ray (13): | 0.0216 | |
| Super Trend (3,10): | 13.7819 | |
| Zig ZAG (10): | 13.7421 | |
| VORTEX (21): | 1.0179 | |
| Stochastique (14,3,5): | 75.31 | |
| TEMA (21): | 13.7232 | |
| Williams %R (14): | -43.35 | |
| Chande Momentum Oscillator (20): | 0.0073 | |
| Repulse (5,40,3): | -0.0548 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0213 | |
| Courbe Coppock: | 0.06 |
| MA7: | 13.7869 | |
| MA20: | 13.8304 | |
| MA50: | 13.6894 | |
| MA100: | 13.8450 | |
| MAexp7: | 13.7395 | |
| MAexp20: | 13.7462 | |
| MAexp50: | 13.7646 | |
| MAexp100: | 13.7820 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.33% |
Quotes :
-
Real time data
-
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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