EUR/ZAR - 1H - Technical analysis published on 05/29/2020 (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
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 19.3138 ZAR
My targets
19.4996 ZAR (+0.0283)
19.6562 ZAR (+0.1849)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/ZAR as long as the price remains well above 19.3138 ZAR. The buyers” bullish objective is set at 19.4996 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.6562 ZAR. If there is any crossing, the next objective would be the resistance located at 19.8525 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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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
EUR/ZAR rating 19.4713 ZAR. The price registered an increase of +0.43% on the session with the lowest point at 19.3462 ZAR and the highest point at 19.4746 ZAR. The deviation from the price is +0.65% for the low point and -0.02% for the high point.19.3462
19.4746
19.4713
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ZAR indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.0687 | 19.2219 | 19.3138 | 19.4713 | 19.4996 | 19.6562 | 19.8525 |
| Change (%) | -2.07% | -1.28% | -0.81% | - | +0.15% | +0.95% | +1.96% |
| Change | -0.4026 | -0.2494 | -0.1575 | - | +0.0283 | +0.1849 | +0.3812 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Intermediate |
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 | 18.8144 | 18.9416 | 19.1647 | 19.2919 | 19.5150 | 19.6422 | 19.8653 |
| Camarilla | 19.2914 | 19.3235 | 19.3556 | 19.3877 | 19.4198 | 19.4519 | 19.4840 |
| Woodie | 18.8623 | 18.9656 | 19.2126 | 19.3159 | 19.5629 | 19.6662 | 19.9132 |
| Fibonacci | 18.9416 | 19.0755 | 19.1581 | 19.2919 | 19.4258 | 19.5084 | 19.6422 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.8919 | 18.5304 | 18.8609 | 19.4994 | 19.8299 | 20.4684 | 20.7989 |
| Camarilla | 18.9250 | 19.0139 | 19.1027 | 19.1915 | 19.2803 | 19.3692 | 19.4580 |
| Woodie | 17.7380 | 18.4534 | 18.7070 | 19.4224 | 19.6760 | 20.3914 | 20.6450 |
| Fibonacci | 18.5304 | 18.9005 | 19.1292 | 19.4994 | 19.8695 | 20.0982 | 20.4684 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1229 | 18.8066 | 19.5572 | 20.2409 | 20.9915 | 21.6752 | 22.4258 |
| Camarilla | 19.9133 | 20.0447 | 20.1762 | 20.3077 | 20.4392 | 20.5707 | 20.7021 |
| Woodie | 18.1563 | 18.8233 | 19.5906 | 20.2576 | 21.0249 | 21.6919 | 22.4592 |
| Fibonacci | 18.8066 | 19.3545 | 19.6930 | 20.2409 | 20.7888 | 21.1273 | 21.6752 |
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): | 69.19 | |
| MACD (12,26,9): | 0.0579 | |
| Directional Movement: | 12.9553 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 19.4135 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.3462 | |
| Elder Ray (13): | 0.0313 | |
| Super Trend (3,10): | 19.2556 | |
| Zig ZAG (10): | 19.4367 | |
| VORTEX (21): | 1.1684 | |
| Stochastique (14,3,5): | 82.10 | |
| TEMA (21): | 19.4390 | |
| Williams %R (14): | -2.58 | |
| Chande Momentum Oscillator (20): | 0.1177 | |
| Repulse (5,40,3): | 0.6122 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0461 | |
| Courbe Coppock: | 1.41 |
| MA7: | 19.2488 | |
| MA20: | 19.7429 | |
| MA50: | 19.8950 | |
| MA100: | 18.3405 | |
| MAexp7: | 19.3953 | |
| MAexp20: | 19.3369 | |
| MAexp50: | 19.2580 | |
| MAexp100: | 19.2599 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | -2.13% | |
| Price / MA100: | +6.17% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +1.10% | |
| Price / MAexp100: | +1.09% |
Quotes :
2020-05-29 06:54:13
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Real time data
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Forex
News
The latest news and videos published on EUR/ZAR at the time of the analysis were as follows:
EUR/ZAR To Remain WeakThis member declared not having a position on this financial instrument or a related financial instrument.
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