JPY/ZAR - Daily - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.13616 ZAR
My targets
0.13945 ZAR (+0.00269)
0.14093 ZAR (+0.00417)
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 0.13616 ZAR remains possible. It is advisable to trade JPY/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.13616 ZAR. The next bullish objective for buyers is set at 0.13945 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.14093 ZAR. If there is any crossing, the next objective would be the resistance located at 0.14360 ZAR. PS: if there is a bearish break in the support located at 0.13616 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/ZAR rating is 0.13676 ZAR. The price has increased by +0.15% since the last closing and was traded between 0.13644 ZAR and 0.13688 ZAR over the period. The price is currently at +0.23% from its lowest and -0.09% from its highest.0.13644
0.13688
0.13676
Here is a more detailed summary of the historical variations registered by JPY/ZAR:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of JPY/ZAR indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 0.12820 | 0.13304 | 0.13616 | 0.13676 | 0.14093 | 0.14360 | 0.15353 |
Change (%) | -6.26% | -2.72% | -0.44% | - | +3.05% | +5.00% | +12.26% |
Change | -0.00856 | -0.00372 | -0.00060 | - | +0.00417 | +0.00684 | +0.01677 |
Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.13318 | 0.13466 | 0.13561 | 0.13709 | 0.13804 | 0.13952 | 0.14047 |
Camarilla | 0.13588 | 0.13611 | 0.13633 | 0.13655 | 0.13677 | 0.13700 | 0.13722 |
Woodie | 0.13291 | 0.13453 | 0.13534 | 0.13696 | 0.13777 | 0.13939 | 0.14020 |
Fibonacci | 0.13466 | 0.13559 | 0.13617 | 0.13709 | 0.13802 | 0.13860 | 0.13952 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.13181 | 0.13463 | 0.13667 | 0.13949 | 0.14153 | 0.14435 | 0.14639 |
Camarilla | 0.13738 | 0.13783 | 0.13828 | 0.13872 | 0.13917 | 0.13961 | 0.14006 |
Woodie | 0.13143 | 0.13444 | 0.13629 | 0.13930 | 0.14115 | 0.14416 | 0.14601 |
Fibonacci | 0.13463 | 0.13648 | 0.13763 | 0.13949 | 0.14134 | 0.14249 | 0.14435 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.12686 | 0.12933 | 0.13192 | 0.13439 | 0.13698 | 0.13945 | 0.14204 |
Camarilla | 0.13312 | 0.13358 | 0.13405 | 0.13451 | 0.13497 | 0.13544 | 0.13590 |
Woodie | 0.12692 | 0.12936 | 0.13198 | 0.13442 | 0.13704 | 0.13948 | 0.14210 |
Fibonacci | 0.12933 | 0.13126 | 0.13246 | 0.13439 | 0.13632 | 0.13752 | 0.13945 |
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): | 49.44 | |
MACD (12,26,9): | 0.0009 | |
Directional Movement: | 3.07506 | |
AROON (14): | 42.85714 | |
DEMA (21): | 0.13869 | |
Parabolic SAR (0,02-0,02-0,2): | 0.14218 | |
Elder Ray (13): | -0.00114 | |
Super Trend (3,10): | 0.13358 | |
Zig ZAG (10): | 0.13671 | |
VORTEX (21): | 1.0768 | |
Stochastique (14,3,5): | 40.03 | |
TEMA (21): | 0.13856 | |
Williams %R (14): | -68.58 | |
Chande Momentum Oscillator (20): | 0.00173 | |
Repulse (5,40,3): | -1.5834 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1263 | |
Courbe Coppock: | 4.05 |
MA7: | 0.13819 | |
MA20: | 0.13732 | |
MA50: | 0.13527 | |
MA100: | 0.13134 | |
MAexp7: | 0.13785 | |
MAexp20: | 0.13736 | |
MAexp50: | 0.13522 | |
MAexp100: | 0.13224 | |
Price / MA7: | -1.03% | |
Price / MA20: | -0.41% | |
Price / MA50: | +1.10% | |
Price / MA100: | +4.13% | |
Price / MAexp7: | -0.79% | |
Price / MAexp20: | -0.44% | |
Price / MAexp50: | +1.14% | |
Price / MAexp100: | +3.42% |
Quotes :
-
Real time data
-
Forex
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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