EUR/ZAR - 1H - Technical analysis published on 11/30/2020 (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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 18.2978 ZAR
My targets
18.3579 ZAR (+0.0369)
18.4365 ZAR (+0.1155)
My analysis
The bullish trend is currently very strong on EUR/ZAR. As long as the price remains above the support at 18.2978 ZAR, you could try to benefit from the boom. The first bullish objective is located at 18.3579 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.4365 ZAR as an objective. Crossing it would then enable buyers to target 19.1478 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.8
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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
The EUR/ZAR rating is 18.3210 ZAR. The price registered an increase of +0.45% on the session and was between 18.2273 ZAR and 18.3306 ZAR. This implies that the price is at +0.51% from its lowest and at -0.05% from its highest.18.2273
18.3306
18.3210
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 this 1H chart of EUR/ZAR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 18.1280 | 18.2036 | 18.2978 | 18.3210 | 18.3579 | 18.4365 | 19.1478 |
Change (%) | -1.05% | -0.64% | -0.13% | - | +0.20% | +0.63% | +4.51% |
Change | -0.1930 | -0.1174 | -0.0232 | - | +0.0369 | +0.1155 | +0.8268 |
Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.8692 | 17.9672 | 18.1029 | 18.2009 | 18.3366 | 18.4346 | 18.5703 |
Camarilla | 18.1743 | 18.1958 | 18.2172 | 18.2386 | 18.2600 | 18.2815 | 18.3029 |
Woodie | 17.8881 | 17.9766 | 18.1218 | 18.2103 | 18.3555 | 18.4440 | 18.5892 |
Fibonacci | 17.9672 | 18.0565 | 18.1116 | 18.2009 | 18.2902 | 18.3453 | 18.4346 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.7479 | 17.8767 | 18.0576 | 18.1864 | 18.3673 | 18.4961 | 18.6770 |
Camarilla | 18.1534 | 18.1818 | 18.2102 | 18.2386 | 18.2670 | 18.2954 | 18.3238 |
Woodie | 17.7741 | 17.8897 | 18.0838 | 18.1994 | 18.3935 | 18.5091 | 18.7032 |
Fibonacci | 17.8767 | 17.9950 | 18.0681 | 18.1864 | 18.3047 | 18.3778 | 18.4961 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.7487 | 18.3003 | 18.5911 | 19.1427 | 19.4335 | 19.9851 | 20.2759 |
Camarilla | 18.6503 | 18.7276 | 18.8048 | 18.8820 | 18.9592 | 19.0364 | 19.1137 |
Woodie | 17.6184 | 18.2351 | 18.4608 | 19.0775 | 19.3032 | 19.9199 | 20.1456 |
Fibonacci | 18.3003 | 18.6221 | 18.8209 | 19.1427 | 19.4645 | 19.6633 | 19.9851 |
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): | 69.48 | |
MACD (12,26,9): | 0.0358 | |
Directional Movement: | 18.7547 | |
AROON (14): | 85.7143 | |
DEMA (21): | 18.3003 | |
Parabolic SAR (0,02-0,02-0,2): | 18.2605 | |
Elder Ray (13): | 0.0292 | |
Super Trend (3,10): | 18.1865 | |
Zig ZAG (10): | 18.3065 | |
VORTEX (21): | 1.0866 | |
Stochastique (14,3,5): | 79.40 | |
TEMA (21): | 18.3138 | |
Williams %R (14): | -14.16 | |
Chande Momentum Oscillator (20): | 0.0700 | |
Repulse (5,40,3): | 0.1634 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0276 | |
Courbe Coppock: | 0.62 |
MA7: | 18.1807 | |
MA20: | 18.3356 | |
MA50: | 19.0008 | |
MA100: | 19.4371 | |
MAexp7: | 18.2964 | |
MAexp20: | 18.2532 | |
MAexp50: | 18.2003 | |
MAexp100: | 18.1813 | |
Price / MA7: | +0.77% | |
Price / MA20: | -0.08% | |
Price / MA50: | -3.58% | |
Price / MA100: | -5.74% | |
Price / MAexp7: | +0.13% | |
Price / MAexp20: | +0.37% | |
Price / MAexp50: | +0.66% | |
Price / MAexp100: | +0.77% |
Quotes :
2020-11-30 11:43:17
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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:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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