EUR/ZAR - 1H - Technical analysis published on 09/21/2020 (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:
Neutral
Technical indicators
61%
0%
39%
My opinion
Bullish above 19.2110 ZAR
My targets
19.3496 ZAR (+0.0268)
19.4113 ZAR (+0.0885)
My analysis
The strong short-term increase of EUR/ZAR should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 19.2110 ZAR, a purchase could be considered. The first bullish objective is located at 19.3496 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 19.4113 ZAR. If there is any crossing, the next objective would be the resistance at 19.6197 ZAR. Caution, if there is a return under 19.2110 ZAR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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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 19.3228 ZAR. The price has increased by +0.03% since the last closing and was traded between 19.2388 ZAR and 19.3744 ZAR over the period. The price is currently at +0.44% from its lowest and -0.27% from its highest.19.2388
19.3744
19.3228
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/ZAR in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.9324 | 19.0455 | 19.2110 | 19.3228 | 19.3496 | 19.6197 | 19.8716 |
| Change (%) | -2.02% | -1.44% | -0.58% | - | +0.14% | +1.54% | +2.84% |
| Change | -0.3904 | -0.2773 | -0.1118 | - | +0.0268 | +0.2969 | +0.5488 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 | 18.8352 | 18.9403 | 19.1292 | 19.2343 | 19.4232 | 19.5283 | 19.7172 |
| Camarilla | 19.2372 | 19.2641 | 19.2911 | 19.3180 | 19.3450 | 19.3719 | 19.3989 |
| Woodie | 18.8770 | 18.9613 | 19.1710 | 19.2553 | 19.4650 | 19.5493 | 19.7590 |
| Fibonacci | 18.9403 | 19.0526 | 19.1220 | 19.2343 | 19.3466 | 19.4160 | 19.5283 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1273 | 18.5864 | 18.9522 | 19.4113 | 19.7771 | 20.2362 | 20.6020 |
| Camarilla | 19.0912 | 19.1668 | 19.2424 | 19.3180 | 19.3936 | 19.4692 | 19.5449 |
| Woodie | 18.0807 | 18.5631 | 18.9056 | 19.3880 | 19.7305 | 20.2129 | 20.5554 |
| Fibonacci | 18.5864 | 18.9015 | 19.0962 | 19.4113 | 19.7264 | 19.9211 | 20.2362 |
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): | 62.81 | |
| MACD (12,26,9): | 0.0303 | |
| Directional Movement: | 7.1945 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 19.3278 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.2529 | |
| Elder Ray (13): | 0.0271 | |
| Super Trend (3,10): | 19.1971 | |
| Zig ZAG (10): | 19.3669 | |
| VORTEX (21): | 1.1975 | |
| Stochastique (14,3,5): | 82.83 | |
| TEMA (21): | 19.3498 | |
| Williams %R (14): | -18.14 | |
| Chande Momentum Oscillator (20): | 0.0380 | |
| Repulse (5,40,3): | 0.3622 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0222 | |
| Courbe Coppock: | 0.63 |
| MA7: | 19.4487 | |
| MA20: | 19.7359 | |
| MA50: | 19.8653 | |
| MA100: | 19.6417 | |
| MAexp7: | 19.3193 | |
| MAexp20: | 19.2870 | |
| MAexp50: | 19.2761 | |
| MAexp100: | 19.3529 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -2.09% | |
| Price / MA50: | -2.73% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | -0.16% |
Quotes :
2020-09-21 07:00:48
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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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