NZD/ZAR - 1H - Technical analysis published on 09/04/2020 (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 bearish
De fond:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 11.2350 ZAR
My targets
11.1405 ZAR (-0.0662)
11.0444 ZAR (-0.1623)
My analysis
NZD/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.2350 ZAR. The next support located at 11.1405 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.0444 ZAR. Below this support, sellers could then target 10.9916 ZAR.
In the very short term, technical indicators are neutral, but do not change the general bearish 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
NZD/ZAR rating 11.2067 ZAR. The price registered a decrease of -0.08% on the session and was between 11.1980 ZAR and 11.2396 ZAR. This implies that the price is at +0.08% from its lowest and at -0.29% from its highest.11.1980
11.2396
11.2067
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/ZAR in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong 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:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
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, 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 | 10.9916 | 11.0444 | 11.1405 | 11.2067 | 11.2350 | 11.3006 | 11.3460 |
| Change (%) | -1.92% | -1.45% | -0.59% | - | +0.25% | +0.84% | +1.24% |
| Change | -0.2151 | -0.1623 | -0.0662 | - | +0.0283 | +0.0939 | +0.1393 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 10.9261 | 11.0619 | 11.1387 | 11.2745 | 11.3513 | 11.4871 | 11.5639 |
| Camarilla | 11.1570 | 11.1765 | 11.1960 | 11.2155 | 11.2350 | 11.2545 | 11.2740 |
| Woodie | 10.8966 | 11.0472 | 11.1092 | 11.2598 | 11.3218 | 11.4724 | 11.5344 |
| Fibonacci | 11.0619 | 11.1431 | 11.1933 | 11.2745 | 11.3557 | 11.4059 | 11.4871 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5724 | 10.7590 | 10.9726 | 11.1592 | 11.3728 | 11.5594 | 11.7730 |
| Camarilla | 11.0763 | 11.1129 | 11.1496 | 11.1863 | 11.2230 | 11.2597 | 11.2964 |
| Woodie | 10.5860 | 10.7658 | 10.9862 | 11.1660 | 11.3864 | 11.5662 | 11.7866 |
| Fibonacci | 10.7590 | 10.9118 | 11.0063 | 11.1592 | 11.3120 | 11.4065 | 11.5594 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1726 | 10.5591 | 10.9852 | 11.3717 | 11.7978 | 12.1843 | 12.6104 |
| Camarilla | 11.1879 | 11.2624 | 11.3369 | 11.4114 | 11.4859 | 11.5604 | 11.6349 |
| Woodie | 10.1925 | 10.5690 | 11.0051 | 11.3816 | 11.8177 | 12.1942 | 12.6303 |
| Fibonacci | 10.5591 | 10.8695 | 11.0613 | 11.3717 | 11.6821 | 11.8739 | 12.1843 |
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): | 33.33 | |
| MACD (12,26,9): | -0.0266 | |
| Directional Movement: | -2.5772 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 11.2087 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.2031 | |
| Elder Ray (13): | -0.0132 | |
| Super Trend (3,10): | 11.3011 | |
| Zig ZAG (10): | 11.2165 | |
| VORTEX (21): | 0.9026 | |
| Stochastique (14,3,5): | 25.68 | |
| TEMA (21): | 11.1977 | |
| Williams %R (14): | -68.44 | |
| Chande Momentum Oscillator (20): | -0.0180 | |
| Repulse (5,40,3): | 0.0228 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0375 | |
| Courbe Coppock: | 0.73 |
| MA7: | 11.2826 | |
| MA20: | 11.3216 | |
| MA50: | 11.2084 | |
| MA100: | 11.1486 | |
| MAexp7: | 11.2171 | |
| MAexp20: | 11.2438 | |
| MAexp50: | 11.2769 | |
| MAexp100: | 11.2787 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.64% |
Quotes :
2020-09-04 05:52:37
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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