CAD/ZAR - 1H - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 10.9533 | 11.0008 | 11.0591 | 11.1066 | 11.1649 | 11.2124 | 11.2707 |
Camarilla | 11.0882 | 11.0979 | 11.1076 | 11.1173 | 11.1270 | 11.1367 | 11.1464 |
Woodie | 10.9586 | 11.0035 | 11.0644 | 11.1093 | 11.1702 | 11.2151 | 11.2760 |
Fibonacci | 11.0008 | 11.0413 | 11.0662 | 11.1066 | 11.1471 | 11.1720 | 11.2124 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.8392 | 10.8955 | 10.9792 | 11.0355 | 11.1192 | 11.1755 | 11.2592 |
Camarilla | 11.0245 | 11.0373 | 11.0502 | 11.0630 | 11.0758 | 11.0887 | 11.1015 |
Woodie | 10.8530 | 10.9024 | 10.9930 | 11.0424 | 11.1330 | 11.1824 | 11.2730 |
Fibonacci | 10.8955 | 10.9490 | 10.9820 | 11.0355 | 11.0890 | 11.1220 | 11.1755 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.0098 | 10.3449 | 10.5660 | 10.9011 | 11.1222 | 11.4573 | 11.6784 |
Camarilla | 10.6342 | 10.6851 | 10.7361 | 10.7871 | 10.8381 | 10.8891 | 10.9401 |
Woodie | 9.9528 | 10.3164 | 10.5090 | 10.8726 | 11.0652 | 11.4288 | 11.6214 |
Fibonacci | 10.3449 | 10.5574 | 10.6886 | 10.9011 | 11.1136 | 11.2448 | 11.4573 |
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.
About author
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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