EUR/ZAR
EUR ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURZAR
ISIN:

EUR/ZAR - 1H - Technical analysis published on 06/19/2020 (GMT)

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  • Timeframe : 1H
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  • Status : INVALID

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 19.4406 ZAR
My targets
19.6416 ZAR (+0.1115)
20.0636 ZAR (+0.5335)
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 19.4406 ZAR. The buyers” bullish objective is set at 19.6416 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.0636 ZAR. If there is any crossing, the next objective would be the resistance located at 20.1100 ZAR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.6

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

The EUR/ZAR price is 19.5301 ZAR. The price has increased by +0.02% since the last closing and was traded between 19.4668 ZAR and 19.5943 ZAR over the period. The price is currently at +0.33% from its lowest and -0.33% from its highest.

19.4668
19.5943
19.5301

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:

Technical


Technical analysis of EUR/ZAR in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 7 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.7819 19.1947 19.4406 19.5301 19.6416 20.1100 20.6552
Change (%) -3.83% -1.72% -0.46% - +0.57% +2.97% +5.76%
Change -0.7482 -0.3354 -0.0895 - +0.1115 +0.5799 +1.1251
Level Major Intermediate Major - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.952219.113019.320019.480819.687819.848620.0556
Camarilla19.425919.459619.493319.527019.560719.594419.6281
Woodie18.975319.124619.343119.492419.710919.860220.0787
Fibonacci19.113019.253519.340319.480819.621319.708119.8486


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.725618.143418.685719.103519.645820.063620.6059
Camarilla18.963919.051919.139919.227919.315919.403919.4919
Woodie17.787818.174518.747919.134619.708020.094720.6681
Fibonacci18.143418.510218.736819.103519.470319.696920.0636


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.981817.999118.740919.758220.500021.517322.2591
Camarilla18.998919.160119.321419.482619.643919.805119.9664
Woodie16.844017.930218.603119.689320.362221.448422.1213
Fibonacci17.999118.671119.086319.758220.430220.845421.5173

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): 51.98
MACD (12,26,9): 0.0360
Directional Movement: -0.5518
AROON (14): -100.0000
DEMA (21): 19.5857
Parabolic SAR (0,02-0,02-0,2): 19.6255
Elder Ray (13): -0.0363
Super Trend (3,10): 19.4232
Zig ZAG (10): 19.5172
VORTEX (21): 1.1324
Stochastique (14,3,5): 35.17
TEMA (21): 19.5769
Williams %R (14): -75.91
Chande Momentum Oscillator (20): -0.0863
Repulse (5,40,3): -0.3499
ROCnROLL: -1
TRIX (15,9): 0.0342
Courbe Coppock: 0.19
MA7: 19.3978
MA20: 19.2101
MA50: 19.7553
MA100: 18.8080
MAexp7: 19.5590
MAexp20: 19.5293
MAexp50: 19.4615
MAexp100: 19.3898
Price / MA7: +0.68%
Price / MA20: +1.67%
Price / MA50: -1.14%
Price / MA100: +3.84%
Price / MAexp7: -0.15%
Price / MAexp20: +0.00%
Price / MAexp50: +0.35%
Price / MAexp100: +0.72%

Quotes : 2020-06-19 07:00:54 - Real time data - Forex

News


The last news published on EUR/ZAR at the time of the generation of this analysis was as follows:

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

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