EUR/ZAR - 1H - Technical analysis published on 07/08/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 19.2468 ZAR and 19.3148 ZAR
My targets
-
My analysis
The short-term decline on EUR/ZAR remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 19.2468 ZAR. The first resistance is located at 19.3148 ZAR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bearish in the very shrot term 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
The EUR/ZAR price is 19.2516 ZAR. On the day, this instrument lost -0.53% and was traded between 19.2436 ZAR and 19.3885 ZAR over the period. The price is currently at +0.04% from its lowest and -0.71% from its highest.19.2436
19.3885
19.2516
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish 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 : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with 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:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Black evening star
Type : Bearish
Timeframe : 1 hour
Abandoned baby evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.7819 | 19.0079 | 19.0774 | 19.2516 | 19.2577 | 19.3148 | 19.3613 |
| Change (%) | -2.44% | -1.27% | -0.90% | - | +0.03% | +0.33% | +0.57% |
| Change | -0.4697 | -0.2437 | -0.1742 | - | +0.0061 | +0.0632 | +0.1097 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 15.4578 | 15.5019 | 15.5749 | 15.6190 | 15.6920 | 15.7361 | 15.8091 |
| Camarilla | 15.6158 | 15.6265 | 15.6373 | 15.6480 | 15.6587 | 15.6695 | 15.6802 |
| Woodie | 15.4724 | 15.5091 | 15.5895 | 15.6262 | 15.7066 | 15.7433 | 15.8237 |
| Fibonacci | 15.5019 | 15.5466 | 15.5742 | 15.6190 | 15.6637 | 15.6913 | 15.7361 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.8189 | 14.0125 | 14.3927 | 14.5863 | 14.9665 | 15.1601 | 15.5403 |
| Camarilla | 14.6152 | 14.6678 | 14.7204 | 14.7730 | 14.8256 | 14.8782 | 14.9308 |
| Woodie | 13.9123 | 14.0592 | 14.4861 | 14.6330 | 15.0599 | 15.2068 | 15.6337 |
| Fibonacci | 14.0125 | 14.2317 | 14.3671 | 14.5863 | 14.8055 | 14.9409 | 15.1601 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6650 | 18.1132 | 18.7986 | 19.2468 | 19.9322 | 20.3804 | 21.0658 |
| Camarilla | 19.1724 | 19.2763 | 19.3802 | 19.4841 | 19.5880 | 19.6919 | 19.7958 |
| Woodie | 17.7837 | 18.1725 | 18.9173 | 19.3061 | 20.0509 | 20.4397 | 21.1845 |
| Fibonacci | 18.1132 | 18.5462 | 18.8137 | 19.2468 | 19.6798 | 19.9473 | 20.3804 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.75 | |
| MACD (12,26,9): | 0.0235 | |
| Directional Movement: | -4.3519 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 19.3699 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.5493 | |
| Elder Ray (13): | -0.0411 | |
| Super Trend (3,10): | 19.5170 | |
| Zig ZAG (10): | 19.2885 | |
| VORTEX (21): | 0.9857 | |
| Stochastique (14,3,5): | 39.15 | |
| TEMA (21): | 19.3724 | |
| Williams %R (14): | -94.35 | |
| Chande Momentum Oscillator (20): | -0.0690 | |
| Repulse (5,40,3): | -0.3946 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0215 | |
| Courbe Coppock: | 0.38 |
| MA7: | 18.7035 | |
| MA20: | 19.1625 | |
| MA50: | 19.4079 | |
| MA100: | 19.1983 | |
| MAexp7: | 19.3469 | |
| MAexp20: | 19.3390 | |
| MAexp50: | 19.2905 | |
| MAexp100: | 19.2655 | |
| Price / MA7: | +2.93% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.07% |
Quotes :
2020-07-08 07:59:27
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/ZAR. At the time of publication of this analysis, the latest news was 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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