CAD/ZAR - 1H - Technical analysis published on 02/18/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Neutral between 11.2698 ZAR and 11.3588 ZAR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 11.2698 ZAR. The first resistance is located at 11.3588 ZAR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CAD/ZAR.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 11.2996 ZAR. The price registered an increase of -0.20% on the session with the lowest point at 11.2953 ZAR and the highest point at 11.3772 ZAR. The deviation from the price is +0.04% for the low point and -0.68% for the high point.11.2953
11.3772
11.2996
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 this 1H chart of CAD/ZAR indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 11.1436 | 11.2150 | 11.2698 | 11.2996 | 11.3588 | 11.4721 | 11.6003 |
| Change (%) | -1.38% | -0.75% | -0.26% | - | +0.52% | +1.53% | +2.66% |
| Change | -0.1560 | -0.0846 | -0.0298 | - | +0.0592 | +0.1725 | +0.3007 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 11.0983 | 11.1566 | 11.2394 | 11.2977 | 11.3805 | 11.4388 | 11.5216 |
| Camarilla | 11.2835 | 11.2964 | 11.3094 | 11.3223 | 11.3352 | 11.3482 | 11.3611 |
| Woodie | 11.1107 | 11.1627 | 11.2518 | 11.3038 | 11.3929 | 11.4449 | 11.5340 |
| Fibonacci | 11.1566 | 11.2105 | 11.2438 | 11.2977 | 11.3516 | 11.3849 | 11.4388 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8774 | 10.9886 | 11.1187 | 11.2299 | 11.3600 | 11.4712 | 11.6013 |
| Camarilla | 11.1824 | 11.2046 | 11.2267 | 11.2488 | 11.2709 | 11.2930 | 11.3152 |
| Woodie | 10.8869 | 10.9933 | 11.1282 | 11.2346 | 11.3695 | 11.4759 | 11.6108 |
| Fibonacci | 10.9886 | 11.0808 | 11.1377 | 11.2299 | 11.3221 | 11.3790 | 11.4712 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3006 | 10.5168 | 10.9309 | 11.1471 | 11.5612 | 11.7774 | 12.1915 |
| Camarilla | 11.1716 | 11.2293 | 11.2871 | 11.3449 | 11.4027 | 11.4605 | 11.5182 |
| Woodie | 10.3995 | 10.5663 | 11.0298 | 11.1966 | 11.6601 | 11.8269 | 12.2904 |
| Fibonacci | 10.5168 | 10.7576 | 10.9064 | 11.1471 | 11.3879 | 11.5367 | 11.7774 |
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): | 38.96 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | -6.6867 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 11.3460 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.3723 | |
| Elder Ray (13): | -0.0276 | |
| Super Trend (3,10): | 11.3802 | |
| Zig ZAG (10): | 11.3034 | |
| VORTEX (21): | 0.9442 | |
| Stochastique (14,3,5): | 18.42 | |
| TEMA (21): | 11.3372 | |
| Williams %R (14): | -91.94 | |
| Chande Momentum Oscillator (20): | -0.0395 | |
| Repulse (5,40,3): | -0.3315 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.09 |
| MA7: | 11.2503 | |
| MA20: | 11.1626 | |
| MA50: | 11.0222 | |
| MA100: | 11.1171 | |
| MAexp7: | 11.3306 | |
| MAexp20: | 11.3316 | |
| MAexp50: | 11.3059 | |
| MAexp100: | 11.2766 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +2.52% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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