EUR/ZAR
EUR ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURZAR
ISIN:

EUR/ZAR - 1H - Technical analysis published on 11/30/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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:
15 min. Daily Weekly

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard17.869217.967218.102918.200918.336618.434618.5703
Camarilla18.174318.195818.217218.238618.260018.281518.3029
Woodie17.888117.976618.121818.210318.355518.444018.5892
Fibonacci17.967218.056518.111618.200918.290218.345318.4346


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.747917.876718.057618.186418.367318.496118.6770
Camarilla18.153418.181818.210218.238618.267018.295418.3238
Woodie17.774117.889718.083818.199418.393518.509118.7032
Fibonacci17.876717.995018.068118.186418.304718.377818.4961


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.748718.300318.591119.142719.433519.985120.2759
Camarilla18.650318.727618.804818.882018.959219.036419.1137
Woodie17.618418.235118.460819.077519.303219.919920.1456
Fibonacci18.300318.622118.820919.142719.464519.663319.9851

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 - Real time data - 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.

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