CAD/ZAR - 1H - Technical analysis published on 12/28/2023 (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
Additional analysis
Quotes
The CAD/ZAR rating is 14.0306 ZAR. The price registered an increase of +0.74% on the session and was traded between 13.8763 ZAR and 14.0903 ZAR over the period. The price is currently at +1.11% from its lowest and -0.42% from its highest.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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.8235 | 13.8822 | 13.9331 | 14.0306 | 14.0531 | 14.1484 | 14.2347 |
| Change (%) | -1.48% | -1.06% | -0.69% | - | +0.16% | +0.84% | +1.45% |
| Change | -0.2071 | -0.1484 | -0.0975 | - | +0.0225 | +0.1178 | +0.2041 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5542 | 13.7173 | 13.8227 | 13.9858 | 14.0912 | 14.2543 | 14.3597 |
| Camarilla | 13.8543 | 13.8789 | 13.9035 | 13.9281 | 13.9527 | 13.9773 | 14.0019 |
| Woodie | 13.5254 | 13.7029 | 13.7939 | 13.9714 | 14.0624 | 14.2399 | 14.3309 |
| Fibonacci | 13.7173 | 13.8199 | 13.8832 | 13.9858 | 14.0884 | 14.1517 | 14.2543 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.8210 | 13.8523 | 13.8790 | 13.9103 | 13.9370 | 13.9683 | 13.9950 |
| Camarilla | 13.8897 | 13.8950 | 13.9003 | 13.9056 | 13.9109 | 13.9162 | 13.9216 |
| Woodie | 13.8186 | 13.8512 | 13.8766 | 13.9092 | 13.9346 | 13.9672 | 13.9926 |
| Fibonacci | 13.8523 | 13.8745 | 13.8882 | 13.9103 | 13.9325 | 13.9462 | 13.9683 |
| 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 technical indicators and moving averages registered at the time this technical analysis was created:
| RSI (14): | 61.08 | |
| MACD (12,26,9): | -0.0098 | |
| Directional Movement: | 17.6327 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 13.9309 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.8763 | |
| Elder Ray (13): | 0.0942 | |
| Super Trend (3,10): | 13.8911 | |
| Zig ZAG (10): | 14.0241 | |
| VORTEX (21): | 1.0421 | |
| Stochastique (14,3,5): | 56.56 | |
| TEMA (21): | 13.9375 | |
| Williams %R (14): | -31.87 | |
| Chande Momentum Oscillator (20): | 0.0987 | |
| Repulse (5,40,3): | 0.4252 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0312 | |
| Courbe Coppock: | 0.29 |
| MA7: | 13.9589 | |
| MA20: | 13.8920 | |
| MA50: | 13.7034 | |
| MA100: | 13.8405 | |
| MAexp7: | 13.9607 | |
| MAexp20: | 13.9518 | |
| MAexp50: | 13.9705 | |
| MAexp100: | 13.9456 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +2.39% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.61% |
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