NZD/ZAR - 1H - Technical analysis published on 11/27/2020 (GMT)
- 136
- 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:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.6390 ZAR
My targets
10.7289 ZAR (+0.0404)
10.7566 ZAR (+0.0681)
My analysis
NZD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.6390 ZAR. The next resistance located at 10.7289 ZAR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.7566 ZAR. After this resistance, buyers could then target 11.0444 ZAR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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 rating is 10.6885 ZAR. The price registered an increase of +0.30% on the session with the lowest point at 10.6422 ZAR and the highest point at 10.6903 ZAR. The deviation from the price is +0.44% for the low point and -0.02% for the high point.10.6422
10.6903
10.6885
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:
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6159 | 10.6390 | 10.6871 | 10.6885 | 10.7289 | 10.7566 | 11.0444 |
| Change (%) | -0.68% | -0.46% | -0.01% | - | +0.38% | +0.64% | +3.33% |
| Change | -0.0726 | -0.0495 | -0.0014 | - | +0.0404 | +0.0681 | +0.3559 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 10.4951 | 10.5326 | 10.5945 | 10.6320 | 10.6939 | 10.7314 | 10.7933 |
| Camarilla | 10.6292 | 10.6383 | 10.6474 | 10.6565 | 10.6656 | 10.6747 | 10.6838 |
| Woodie | 10.5074 | 10.5387 | 10.6068 | 10.6381 | 10.7062 | 10.7375 | 10.8056 |
| Fibonacci | 10.5326 | 10.5705 | 10.5940 | 10.6320 | 10.6699 | 10.6934 | 10.7314 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3725 | 10.4573 | 10.5623 | 10.6471 | 10.7521 | 10.8369 | 10.9419 |
| Camarilla | 10.6151 | 10.6325 | 10.6499 | 10.6673 | 10.6847 | 10.7021 | 10.7195 |
| Woodie | 10.3826 | 10.4624 | 10.5724 | 10.6522 | 10.7622 | 10.8420 | 10.9520 |
| Fibonacci | 10.4573 | 10.5298 | 10.5746 | 10.6471 | 10.7196 | 10.7644 | 10.8369 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1326 | 10.4166 | 10.5677 | 10.8517 | 11.0028 | 11.2868 | 11.4379 |
| Camarilla | 10.5992 | 10.6390 | 10.6789 | 10.7188 | 10.7587 | 10.7986 | 10.8385 |
| Woodie | 10.0662 | 10.3834 | 10.5013 | 10.8185 | 10.9364 | 11.2536 | 11.3715 |
| Fibonacci | 10.4166 | 10.5828 | 10.6855 | 10.8517 | 11.0179 | 11.1206 | 11.2868 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.73 | |
| MACD (12,26,9): | 0.0109 | |
| Directional Movement: | 10.1789 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 10.6678 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6339 | |
| Elder Ray (13): | 0.0172 | |
| Super Trend (3,10): | 10.6153 | |
| Zig ZAG (10): | 10.6755 | |
| VORTEX (21): | 1.1453 | |
| Stochastique (14,3,5): | 83.09 | |
| TEMA (21): | 10.6771 | |
| Williams %R (14): | -9.71 | |
| Chande Momentum Oscillator (20): | 0.0307 | |
| Repulse (5,40,3): | 0.2457 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0144 | |
| Courbe Coppock: | 0.27 |
| MA7: | 10.6458 | |
| MA20: | 10.6496 | |
| MA50: | 10.8467 | |
| MA100: | 11.0258 | |
| MAexp7: | 10.6672 | |
| MAexp20: | 10.6542 | |
| MAexp50: | 10.6439 | |
| MAexp100: | 10.6459 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | -3.06% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.40% |
Quotes :
2020-11-27 08:05:00
-
Real time data
-
Forex
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