NZD/ZAR - 1H - Technical analysis published on 05/14/2020 (GMT)
- Who voted?
- 196
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 11.1512 ZAR
My targets
11.0863 ZAR (-0.0274)
11.0444 ZAR (-0.0693)
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 NZD/ZAR. As long as you are under the resistance located at 11.1512 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.0863 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11.0444 ZAR as an objective. Crossing it would then enable sellers to target 9.9716 ZAR. If the resistance 11.1512 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.4
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/ZAR price is 11.1137 ZAR. The price is lower by +0.22% since the last closing with the lowest point at 11.0521 ZAR and the highest point at 11.1232 ZAR. The deviation from the price is +0.56% for the low point and -0.09% for the high point.11.0521
11.1232
11.1137
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
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/ZAR chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.9716 | 11.0444 | 11.0863 | 11.1137 | 11.1512 | 11.2150 | 11.3171 |
| Change (%) | -10.28% | -0.62% | -0.25% | - | +0.34% | +0.91% | +1.83% |
| Change | -1.1421 | -0.0693 | -0.0274 | - | +0.0375 | +0.1013 | +0.2034 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 10.8006 | 10.9161 | 11.0030 | 11.1185 | 11.2054 | 11.3209 | 11.4078 |
| Camarilla | 11.0341 | 11.0527 | 11.0713 | 11.0898 | 11.1084 | 11.1269 | 11.1455 |
| Woodie | 10.7862 | 10.9090 | 10.9886 | 11.1114 | 11.1910 | 11.3138 | 11.3934 |
| Fibonacci | 10.9161 | 10.9935 | 11.0412 | 11.1185 | 11.1959 | 11.2436 | 11.3209 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7299 | 10.9081 | 11.0761 | 11.2543 | 11.4223 | 11.6005 | 11.7685 |
| Camarilla | 11.1489 | 11.1806 | 11.2124 | 11.2441 | 11.2758 | 11.3076 | 11.3393 |
| Woodie | 10.7248 | 10.9056 | 11.0710 | 11.2518 | 11.4172 | 11.5980 | 11.7634 |
| Fibonacci | 10.9081 | 11.0404 | 11.1221 | 11.2543 | 11.3866 | 11.4683 | 11.6005 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8208 | 10.1892 | 10.7713 | 11.1397 | 11.7218 | 12.0902 | 12.6723 |
| Camarilla | 11.0920 | 11.1791 | 11.2663 | 11.3534 | 11.4405 | 11.5277 | 11.6148 |
| Woodie | 9.9277 | 10.2426 | 10.8782 | 11.1931 | 11.8287 | 12.1436 | 12.7792 |
| Fibonacci | 10.1892 | 10.5523 | 10.7766 | 11.1397 | 11.5028 | 11.7271 | 12.0902 |
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): | 52.54 | |
| MACD (12,26,9): | -0.0107 | |
| Directional Movement: | 1.6900 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 11.0752 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1456 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 11.1813 | |
| Zig ZAG (10): | 11.0958 | |
| VORTEX (21): | 0.9612 | |
| Stochastique (14,3,5): | 30.08 | |
| TEMA (21): | 11.0849 | |
| Williams %R (14): | -16.32 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | 0.4587 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0168 | |
| Courbe Coppock: | 0.24 |
| MA7: | 11.1966 | |
| MA20: | 11.2764 | |
| MA50: | 10.8057 | |
| MA100: | 10.1854 | |
| MAexp7: | 11.0771 | |
| MAexp20: | 11.0944 | |
| MAexp50: | 11.1229 | |
| MAexp100: | 11.1598 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | +2.85% | |
| Price / MA100: | +9.11% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.41% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NZD/ZAR - 1H