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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 02/19/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 14.0091 ZAR
My targets
14.1043 ZAR (+0.0403)
14.1695 ZAR (+0.1055)
My analysis
CAD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.0091 ZAR. The next resistance located at 14.1043 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.1695 ZAR. After this resistance, buyers could then target 14.2347 ZAR.

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

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 rating is 14.0640 ZAR. The price registered an increase of +0.42% on the session with the lowest point at 13.9858 ZAR and the highest point at 14.0888 ZAR. The deviation from the price is +0.56% for the low point and -0.18% for the high point.

13.9858
14.0888
14.0640

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/ZAR chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

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:

Central Indicators

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.9827 14.0091 14.0618 14.0640 14.1043 14.1695 14.2347
Change (%) -0.58% -0.39% -0.02% - +0.29% +0.75% +1.21%
Change -0.0813 -0.0549 -0.0022 - +0.0403 +0.1055 +0.1707
Level Major Minor Minor - Minor Intermediate Major



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
Standard13.855013.914813.959814.019614.064614.124414.1694
Camarilla13.975913.985513.995114.004714.014314.023914.0335
Woodie13.847513.911113.952314.015914.057114.120714.1619
Fibonacci13.914813.954913.979614.019614.059714.084414.1244


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.734713.854713.929714.049714.124714.244714.3197
Camarilla13.951113.969013.986814.004714.022614.040514.0583
Woodie13.712213.843513.907214.038514.102214.233514.2972
Fibonacci13.854713.929213.975214.049714.124214.170214.2447


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.173513.481413.690913.998814.208314.516214.7257
Camarilla13.758213.805613.853113.900513.947913.995414.0428
Woodie13.124413.456813.641813.974214.159214.491614.6766
Fibonacci13.481413.679013.801113.998814.196414.318514.5162

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 65.02
MACD (12,26,9): 0.0062
Directional Movement: 12.5579
AROON (14): 92.8571
DEMA (21): 14.0288
Parabolic SAR (0,02-0,02-0,2): 14.0067
Elder Ray (13): 0.0456
Super Trend (3,10): 13.9979
Zig ZAG (10): 14.0689
VORTEX (21): 1.0683
Stochastique (14,3,5): 90.92
TEMA (21): 14.0427
Williams %R (14): -21.65
Chande Momentum Oscillator (20): 0.0638
Repulse (5,40,3): 0.2070
ROCnROLL: 1
TRIX (15,9): -0.0052
Courbe Coppock: 0.56
MA7: 14.0776
MA20: 14.0346
MA50: 13.9811
MA100: 13.8558
MAexp7: 14.0423
MAexp20: 14.0261
MAexp50: 14.0337
MAexp100: 14.0481
Price / MA7: -0.10%
Price / MA20: +0.21%
Price / MA50: +0.59%
Price / MA100: +1.50%
Price / MAexp7: +0.15%
Price / MAexp20: +0.27%
Price / MAexp50: +0.22%
Price / MAexp100: +0.11%

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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