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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 04/21/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 17.0898 ZAR
My targets
17.2702 ZAR (+0.0813)
17.3631 ZAR (+0.1742)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/ZAR. As long as you are above the support located at 17.0898 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 17.2702 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 17.3631 ZAR as an objective. Crossing it would then enable buyers to target 17.4236 ZAR. If the support 17.0898 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3

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.

Vincent Launay
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 price is 17.1889 ZAR. The price is lower by -0.10% since the last closing and was traded between 17.1679 ZAR and 17.2379 ZAR over the period. The price is currently at +0.12% from its lowest and -0.28% from its highest.

17.1679
17.2379
17.1889

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 (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/ZAR chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel 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 16.9634 17.0898 17.1735 17.1889 17.2702 17.3631 17.4236
Change (%) -1.31% -0.58% -0.09% - +0.47% +1.01% +1.37%
Change -0.2255 -0.0991 -0.0154 - +0.0813 +0.1742 +0.2347
Level Major Minor Intermediate - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.940017.018217.112517.190717.285017.363217.4575
Camarilla17.159317.175117.190917.206717.222517.238317.2541
Woodie16.948017.022217.120517.194717.293017.367217.4655
Fibonacci17.018217.084117.124817.190717.256617.297317.3632


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.335016.637816.893917.196717.452817.755618.0117
Camarilla16.996217.047417.098717.149917.201117.252417.3036
Woodie16.311616.626116.870517.185017.429417.743917.9883
Fibonacci16.637816.851316.983217.196717.410217.542117.7556


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.733716.512716.923917.702918.114118.893119.3043
Camarilla17.007817.116917.226017.335117.444217.553317.6624
Woodie15.549816.420816.740017.611017.930218.801219.1204
Fibonacci16.512716.967417.248217.702918.157618.438418.8931

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 58.63
MACD (12,26,9): 0.0143
Directional Movement: 6.2942
AROON (14): 14.2857
DEMA (21): 17.2281
Parabolic SAR (0,02-0,02-0,2): 17.2491
Elder Ray (13): 0.0026
Super Trend (3,10): 17.1308
Zig ZAG (10): 17.2221
VORTEX (21): 0.9954
Stochastique (14,3,5): 62.49
TEMA (21): 17.2263
Williams %R (14): -31.60
Chande Momentum Oscillator (20): -0.0182
Repulse (5,40,3): -0.0383
ROCnROLL: -1
TRIX (15,9): 0.0150
Courbe Coppock: 0.05
MA7: 17.1739
MA20: 17.3081
MA50: 17.6337
MA100: 17.9234
MAexp7: 17.2135
MAexp20: 17.2078
MAexp50: 17.1789
MAexp100: 17.1729
Price / MA7: +0.09%
Price / MA20: -0.69%
Price / MA50: -2.52%
Price / MA100: -4.10%
Price / MAexp7: -0.14%
Price / MAexp20: -0.11%
Price / MAexp50: +0.06%
Price / MAexp100: +0.10%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/ZAR at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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