EUR/ZAR - 1H - Technical analysis published on 03/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Neutral between 18.0394 ZAR and 18.2159 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 18.2159 ZAR. The first support is located at 18.0394 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, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 price is 18.0766 ZAR. The price registered an increase of +0.07% on the session and was traded between 18.0457 ZAR and 18.1225 ZAR over the period. The price is currently at +0.17% from its lowest and -0.25% from its highest.18.0457
18.1225
18.0766
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/ZAR indicates that the overall trend is slightly bullish. Only 57.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.7633 | 17.9416 | 18.0394 | 18.0766 | 18.2159 | 18.3579 | 18.4391 |
| Change (%) | -1.73% | -0.75% | -0.21% | - | +0.77% | +1.56% | +2.01% |
| Change | -0.3133 | -0.1350 | -0.0372 | - | +0.1393 | +0.2813 | +0.3625 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.6569 | 17.7992 | 17.9320 | 18.0743 | 18.2071 | 18.3494 | 18.4822 |
| Camarilla | 17.9891 | 18.0143 | 18.0395 | 18.0647 | 18.0899 | 18.1151 | 18.1404 |
| Woodie | 17.6521 | 17.7968 | 17.9272 | 18.0719 | 18.2023 | 18.3470 | 18.4774 |
| Fibonacci | 17.7992 | 17.9043 | 17.9693 | 18.0743 | 18.1794 | 18.2444 | 18.3494 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.7767 | 17.1455 | 17.7014 | 18.0702 | 18.6261 | 18.9949 | 19.5508 |
| Camarilla | 18.0029 | 18.0877 | 18.1724 | 18.2572 | 18.3420 | 18.4267 | 18.5115 |
| Woodie | 16.8702 | 17.1923 | 17.7949 | 18.1170 | 18.7196 | 19.0417 | 19.6443 |
| Fibonacci | 17.1455 | 17.4988 | 17.7170 | 18.0702 | 18.4235 | 18.6417 | 18.9949 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.7114 | 17.1021 | 17.6797 | 18.0704 | 18.6480 | 19.0387 | 19.6163 |
| Camarilla | 17.9909 | 18.0797 | 18.1684 | 18.2572 | 18.3460 | 18.4347 | 18.5235 |
| Woodie | 16.8048 | 17.1488 | 17.7731 | 18.1171 | 18.7414 | 19.0854 | 19.7097 |
| Fibonacci | 17.1021 | 17.4720 | 17.7005 | 18.0704 | 18.4403 | 18.6688 | 19.0387 |
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): | 51.29 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | 2.8958 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 18.0695 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.0232 | |
| Elder Ray (13): | 0.0135 | |
| Super Trend (3,10): | 18.2203 | |
| Zig ZAG (10): | 18.1001 | |
| VORTEX (21): | 0.9422 | |
| Stochastique (14,3,5): | 76.77 | |
| TEMA (21): | 18.0701 | |
| Williams %R (14): | -18.90 | |
| Chande Momentum Oscillator (20): | 0.0607 | |
| Repulse (5,40,3): | 0.1691 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0193 | |
| Courbe Coppock: | 0.19 |
| MA7: | 17.9810 | |
| MA20: | 17.8521 | |
| MA50: | 18.1018 | |
| MA100: | 18.3523 | |
| MAexp7: | 18.0845 | |
| MAexp20: | 18.0901 | |
| MAexp50: | 18.0990 | |
| MAexp100: | 18.0415 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.26% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | -1.50% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | +0.19% |
Quotes :
2021-03-02 08:11:04
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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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