GBP/ZAR - 1H - Technical analysis published on 11/13/2019 (GMT)
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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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 19.1516 ZAR
My targets
19.5462 ZAR (+1.99%)
19.6436 ZAR (+2.50%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 19.1516 ZAR remains possible. It is advisable to trade GBP/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 19.1516 ZAR. The next bullish objective for buyers is set at 19.5462 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.6436 ZAR. If there is any crossing, the next objective would be the resistance located at 19.9009 ZAR. PS: if there is a bearish break in the support located at 19.1516 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.6
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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 GBP/ZAR rating is 19.1651 ZAR. The price registered a decrease of -0.19% on the session and was between 19.1608 ZAR and 19.2299 ZAR. This implies that the price is at +0.02% from its lowest and at -0.34% from its highest.19.1608
19.2299
19.1651
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 GBP/ZAR:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/ZAR in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
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
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.9318 | 19.0011 | 19.1516 | 19.1651 | 19.5462 | 19.6436 | 19.9009 |
| Change (%) | -1.22% | -0.86% | -0.07% | - | +1.99% | +2.50% | +3.84% |
| Change | -0.2333 | -0.1640 | -0.0135 | - | +0.3811 | +0.4785 | +0.7358 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.8175 | 18.9087 | 19.0547 | 19.1459 | 19.2919 | 19.3831 | 19.5291 |
| Camarilla | 19.1356 | 19.1573 | 19.1791 | 19.2008 | 19.2225 | 19.2443 | 19.2660 |
| Woodie | 18.8450 | 18.9224 | 19.0822 | 19.1596 | 19.3194 | 19.3968 | 19.5566 |
| Fibonacci | 18.9087 | 18.9993 | 19.0553 | 19.1459 | 19.2365 | 19.2925 | 19.3831 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2841 | 18.5373 | 18.7505 | 19.0037 | 19.2169 | 19.4701 | 19.6833 |
| Camarilla | 18.8355 | 18.8783 | 18.9211 | 18.9638 | 19.0066 | 19.0493 | 19.0921 |
| Woodie | 18.2642 | 18.5273 | 18.7306 | 18.9937 | 19.1970 | 19.4601 | 19.6634 |
| Fibonacci | 18.5373 | 18.7154 | 18.8255 | 19.0037 | 19.1818 | 19.2919 | 19.4701 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.5073 | 17.9761 | 18.7612 | 19.2300 | 20.0151 | 20.4839 | 21.2690 |
| Camarilla | 19.2014 | 19.3163 | 19.4313 | 19.5462 | 19.6611 | 19.7761 | 19.8910 |
| Woodie | 17.6654 | 18.0552 | 18.9193 | 19.3091 | 20.1732 | 20.5630 | 21.4271 |
| Fibonacci | 17.9761 | 18.4551 | 18.7510 | 19.2300 | 19.7090 | 20.0049 | 20.4839 |
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): | 50.91 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | 5.8624 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 19.1987 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.1609 | |
| Elder Ray (13): | 0.0053 | |
| Super Trend (3,10): | 19.0786 | |
| Zig ZAG (10): | 19.1960 | |
| VORTEX (21): | 1.1416 | |
| Stochastique (14,3,5): | 58.77 | |
| TEMA (21): | 19.2055 | |
| Williams %R (14): | -31.97 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | 0.1887 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 0.52 |
| MA7: | 19.0663 | |
| MA20: | 19.0525 | |
| MA50: | 18.7342 | |
| MA100: | 18.3634 | |
| MAexp7: | 19.1935 | |
| MAexp20: | 19.1743 | |
| MAexp50: | 19.1338 | |
| MAexp100: | 19.0988 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +4.37% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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