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 01/21/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 11.0908 ZAR
My targets
11.0512 ZAR (-0.0154)
11.0109 ZAR (-0.0557)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on CAD/ZAR as long as the price remains well below 11.0908 ZAR. The next bearish objective for sellers is set at 11.0512 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.0109 ZAR. In case of crossing, the next objective would be the support located at 10.8996 ZAR.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.3

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/ZAR rating 11.0666 ZAR. On the day, this instrument gained -0.46% and was traded between 11.0542 ZAR and 11.1705 ZAR over the period. The price is currently at +0.11% from its lowest and -0.93% from its highest.

11.0542
11.1705
11.0666

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



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a 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 an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.8996 11.0109 11.0512 11.0666 11.0908 11.1786 11.2653
Change (%) -1.51% -0.50% -0.14% - +0.22% +1.01% +1.80%
Change -0.1670 -0.0557 -0.0154 - +0.0242 +0.1120 +0.1987
Level Major Intermediate Intermediate - Major Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.953311.000811.059111.106611.164911.212411.2707
Camarilla11.088211.097911.107611.117311.127011.136711.1464
Woodie10.958611.003511.064411.109311.170211.215111.2760
Fibonacci11.000811.041311.066211.106611.147111.172011.2124


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.839210.895510.979211.035511.119211.175511.2592
Camarilla11.024511.037311.050211.063011.075811.088711.1015
Woodie10.853010.902410.993011.042411.133011.182411.2730
Fibonacci10.895510.949010.982011.035511.089011.122011.1755


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.009810.344910.566010.901111.122211.457311.6784
Camarilla10.634210.685110.736110.787110.838110.889110.9401
Woodie9.952810.316410.509010.872611.065211.428811.6214
Fibonacci10.344910.557410.688610.901111.113611.244811.4573

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): 39.88
MACD (12,26,9): -0.0079
Directional Movement: -10.0925
AROON (14): -64.2857
DEMA (21): 11.0935
Parabolic SAR (0,02-0,02-0,2): 11.1323
Elder Ray (13): -0.0232
Super Trend (3,10): 11.1529
Zig ZAG (10): 11.0660
VORTEX (21): 0.9099
Stochastique (14,3,5): 13.04
TEMA (21): 11.0774
Williams %R (14): -89.85
Chande Momentum Oscillator (20): -0.0675
Repulse (5,40,3): -0.1598
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.79
MA7: 11.0553
MA20: 10.9333
MA50: 10.9973
MA100: 11.1288
MAexp7: 11.0825
MAexp20: 11.0996
MAexp50: 11.0943
MAexp100: 11.0728
Price / MA7: +0.10%
Price / MA20: +1.22%
Price / MA50: +0.63%
Price / MA100: -0.56%
Price / MAexp7: -0.15%
Price / MAexp20: -0.31%
Price / MAexp50: -0.26%
Price / MAexp100: -0.07%

This member declared not having a position on this financial instrument or a related financial instrument.

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