EUR/ZAR - Daily - Technical analysis published on 09/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Neutral between 19.6193 ZAR and 20.2872 ZAR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/ZAR. It is difficult to advise a trading direction under these conditions. The first resistance is located at 20.2872 ZAR. The first support is located at 19.6193 ZAR. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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:
Additional analysis
Quotes
The EUR/ZAR price is 19.9500 ZAR. The price registered an increase of +0.62% on the session and was between 19.7778 ZAR and 20.0360 ZAR. This implies that the price is at +0.87% from its lowest and at -0.43% from its highest.19.7778
20.0360
19.9500
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
Technical
A technical analysis in Daily of this EUR/ZAR chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 18.3579 | 18.9324 | 19.6193 | 19.9500 | 20.6552 |
| Change (%) | -7.98% | -5.10% | -1.66% | - | +3.53% |
| Change | -1.5921 | -1.0176 | -0.3307 | - | +0.7052 |
| Level | Major | Intermediate | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.2609 | 19.5373 | 19.6819 | 19.9583 | 20.1029 | 20.3793 | 20.5239 |
| Camarilla | 19.7108 | 19.7494 | 19.7880 | 19.8266 | 19.8652 | 19.9038 | 19.9424 |
| Woodie | 19.1951 | 19.5044 | 19.6161 | 19.9254 | 20.0371 | 20.3464 | 20.4581 |
| Fibonacci | 19.5373 | 19.6981 | 19.7975 | 19.9583 | 20.1191 | 20.2184 | 20.3793 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.8970 | 19.2966 | 19.5239 | 19.9235 | 20.1508 | 20.5504 | 20.7777 |
| Camarilla | 19.5787 | 19.6362 | 19.6936 | 19.7511 | 19.8086 | 19.8660 | 19.9235 |
| Woodie | 18.8108 | 19.2535 | 19.4377 | 19.8804 | 20.0646 | 20.5073 | 20.6915 |
| Fibonacci | 19.2966 | 19.5361 | 19.6841 | 19.9235 | 20.1630 | 20.3110 | 20.5504 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4090 | 19.0527 | 19.6435 | 20.2872 | 20.8780 | 21.5217 | 22.1125 |
| Camarilla | 19.8949 | 20.0081 | 20.1212 | 20.2344 | 20.3476 | 20.4607 | 20.5739 |
| Woodie | 18.3827 | 19.0395 | 19.6172 | 20.2740 | 20.8517 | 21.5085 | 22.0862 |
| Fibonacci | 19.0527 | 19.5243 | 19.8156 | 20.2872 | 20.7587 | 21.0501 | 21.5217 |
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): | 48.71 | |
| MACD (12,26,9): | 0.0178 | |
| Directional Movement: | -3.0605 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 20.2017 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.2882 | |
| Elder Ray (13): | -0.2032 | |
| Super Trend (3,10): | 20.7243 | |
| Zig ZAG (10): | 19.9912 | |
| VORTEX (21): | 0.9396 | |
| Stochastique (14,3,5): | 28.08 | |
| TEMA (21): | 20.0435 | |
| Williams %R (14): | -74.72 | |
| Chande Momentum Oscillator (20): | -0.8085 | |
| Repulse (5,40,3): | 0.2167 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0969 | |
| Courbe Coppock: | 6.19 |
| MA7: | 19.9786 | |
| MA20: | 20.3540 | |
| MA50: | 19.7649 | |
| MA100: | 19.7417 | |
| MAexp7: | 20.0280 | |
| MAexp20: | 20.1208 | |
| MAexp50: | 19.9067 | |
| MAexp100: | 19.5152 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | +0.94% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +2.23% |
Quotes :
2020-09-02 15:45:19
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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.
About author
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