EUR/ZAR - 1H - Technical analysis published on 11/13/2019 (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
61%
11%
28%
My opinion
Bullish above 16.3111 ZAR
My targets
16.4703 ZAR (+0.09%)
16.5966 ZAR (+0.86%)
My analysis
The bullish trend is currently very strong on EUR/ZAR. As long as the price remains above the support at 16.3111 ZAR, you could try to benefit from the boom. The first bullish objective is located at 16.4703 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.5966 ZAR as an objective. Crossing it would then enable buyers to target 16.7928 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
7.7
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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 16.4548 ZAR. The price registered an increase of +0.01% on the session and was between 16.4192 ZAR and 16.5262 ZAR. This implies that the price is at +0.22% from its lowest and at -0.43% from its highest.16.4192
16.5262
16.4548
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/ZAR:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 16.0814 | 16.1863 | 16.3111 | 16.4548 | 16.4703 | 16.5966 | 16.7928 |
Change (%) | -2.27% | -1.63% | -0.87% | - | +0.09% | +0.86% | +2.05% |
Change | -0.3734 | -0.2685 | -0.1437 | - | +0.0155 | +0.1418 | +0.3380 |
Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 16.1982 | 16.2542 | 16.3537 | 16.4097 | 16.5092 | 16.5652 | 16.6647 |
Camarilla | 16.4103 | 16.4246 | 16.4389 | 16.4531 | 16.4674 | 16.4816 | 16.4959 |
Woodie | 16.2199 | 16.2651 | 16.3754 | 16.4206 | 16.5309 | 16.5761 | 16.6864 |
Fibonacci | 16.2542 | 16.3136 | 16.3503 | 16.4097 | 16.4691 | 16.5058 | 16.5652 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.7111 | 15.9487 | 16.1542 | 16.3918 | 16.5973 | 16.8349 | 17.0404 |
Camarilla | 16.2379 | 16.2785 | 16.3191 | 16.3597 | 16.4003 | 16.4409 | 16.4816 |
Woodie | 15.6951 | 15.9407 | 16.1382 | 16.3838 | 16.5813 | 16.8269 | 17.0244 |
Fibonacci | 15.9487 | 16.1180 | 16.2225 | 16.3918 | 16.5611 | 16.6656 | 16.8349 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.4537 | 15.7769 | 16.3148 | 16.6380 | 17.1759 | 17.4991 | 18.0370 |
Camarilla | 16.6159 | 16.6948 | 16.7738 | 16.8527 | 16.9316 | 17.0106 | 17.0895 |
Woodie | 15.5611 | 15.8306 | 16.4222 | 16.6917 | 17.2833 | 17.5528 | 18.1444 |
Fibonacci | 15.7769 | 16.1058 | 16.3091 | 16.6380 | 16.9669 | 17.1702 | 17.4991 |
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): | 53.99 | |
MACD (12,26,9): | 0.0159 | |
Directional Movement: | 7.6486 | |
AROON (14): | 78.5714 | |
DEMA (21): | 16.4710 | |
Parabolic SAR (0,02-0,02-0,2): | 16.4448 | |
Elder Ray (13): | 0.0038 | |
Super Trend (3,10): | 16.3963 | |
Zig ZAG (10): | 16.4555 | |
VORTEX (21): | 1.1121 | |
Stochastique (14,3,5): | 51.95 | |
TEMA (21): | 16.4767 | |
Williams %R (14): | -62.13 | |
Chande Momentum Oscillator (20): | 0.0097 | |
Repulse (5,40,3): | -0.0930 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0118 | |
Courbe Coppock: | 0.34 |
MA7: | 16.3928 | |
MA20: | 16.4230 | |
MA50: | 16.4235 | |
MA100: | 16.3712 | |
MAexp7: | 16.4702 | |
MAexp20: | 16.4513 | |
MAexp50: | 16.4283 | |
MAexp100: | 16.4160 | |
Price / MA7: | +0.38% | |
Price / MA20: | +0.19% | |
Price / MA50: | +0.19% | |
Price / MA100: | +0.51% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | +0.17% | |
Price / MAexp100: | +0.25% |
News
Don"t forget to follow the news on EUR/ZAR. At the time of publication of this analysis, the latest news 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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