EUR/ZAR - 1H - Technical analysis published on 08/03/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 19.9599 ZAR
My targets
20.1100 ZAR (+0.0249)
20.2197 ZAR (+0.1346)
My analysis
The basic bullish trend is very strong on EUR/ZAR but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 19.9599 ZAR. Crossing the first resistance at 20.1100 ZAR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 20.2197 ZAR as an objective. Crossing it would then enable buyers to target 20.6552 ZAR. Caution, a return to below 19.9599 ZAR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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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 20.0851 ZAR. On the day, this instrument lost -0.10% and was traded between 20.0247 ZAR and 20.1407 ZAR over the period. The price is currently at +0.30% from its lowest and -0.28% from its highest.20.0247
20.1407
20.0851
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ZAR indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 19.2707 | 19.6028 | 19.9599 | 20.0851 | 20.1100 | 20.2197 | 20.6552 |
| Change (%) | -4.05% | -2.40% | -0.62% | - | +0.12% | +0.67% | +2.84% |
| Change | -0.8144 | -0.4823 | -0.1252 | - | +0.0249 | +0.1346 | +0.5701 |
| Level | Major | Major | Minor | - | Minor | Intermediate | 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 | 19.4717 | 19.6440 | 19.8750 | 20.0473 | 20.2783 | 20.4506 | 20.6816 |
| Camarilla | 19.9950 | 20.0320 | 20.0689 | 20.1059 | 20.1429 | 20.1798 | 20.2168 |
| Woodie | 19.5010 | 19.6587 | 19.9043 | 20.0620 | 20.3076 | 20.4653 | 20.7109 |
| Fibonacci | 19.6440 | 19.7981 | 19.8933 | 20.0473 | 20.2014 | 20.2966 | 20.4506 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4967 | 18.8640 | 19.4850 | 19.8523 | 20.4733 | 20.8406 | 21.4616 |
| Camarilla | 19.8341 | 19.9247 | 20.0153 | 20.1059 | 20.1965 | 20.2871 | 20.3777 |
| Woodie | 18.6235 | 18.9274 | 19.6118 | 19.9157 | 20.6001 | 20.9040 | 21.5884 |
| Fibonacci | 18.8640 | 19.2416 | 19.4748 | 19.8523 | 20.2299 | 20.4631 | 20.8406 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.8293 | 18.3302 | 19.2180 | 19.7189 | 20.6067 | 21.1076 | 21.9954 |
| Camarilla | 19.7240 | 19.8513 | 19.9786 | 20.1059 | 20.2332 | 20.3605 | 20.4878 |
| Woodie | 18.0229 | 18.4269 | 19.4116 | 19.8156 | 20.8003 | 21.2043 | 22.1890 |
| Fibonacci | 18.3302 | 18.8607 | 19.1884 | 19.7189 | 20.2494 | 20.5771 | 21.1076 |
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): | 55.86 | |
| MACD (12,26,9): | 0.0405 | |
| Directional Movement: | 7.9768 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 20.1287 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.1715 | |
| Elder Ray (13): | -0.0093 | |
| Super Trend (3,10): | 19.9112 | |
| Zig ZAG (10): | 20.0723 | |
| VORTEX (21): | 0.9921 | |
| Stochastique (14,3,5): | 51.55 | |
| TEMA (21): | 20.0950 | |
| Williams %R (14): | -60.27 | |
| Chande Momentum Oscillator (20): | -0.0366 | |
| Repulse (5,40,3): | 0.0573 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0393 | |
| Courbe Coppock: | 0.07 |
| MA7: | 19.6603 | |
| MA20: | 19.2860 | |
| MA50: | 19.2666 | |
| MA100: | 19.5474 | |
| MAexp7: | 20.0881 | |
| MAexp20: | 20.0653 | |
| MAexp50: | 19.9364 | |
| MAexp100: | 19.7556 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | +4.25% | |
| Price / MA100: | +2.75% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +1.67% |
Quotes :
2020-08-03 05:56:25
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Real time data
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Forex
News
The last news published on EUR/ZAR at the time of the generation of this analysis 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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