NZD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDZAR
ISIN:

NZD/ZAR - Daily - Technical analysis published on 02/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 11.0759 ZAR

My targets

11.4765 ZAR (+0.2056)

11.6735 ZAR (+0.4026)

My analysis

The bullish trend is currently very strong on NZD/ZAR. As long as the price remains above the support at 11.0759 ZAR, you could try to benefit from the boom. The first bullish objective is located at 11.4765 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.6735 ZAR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/ZAR rating is 11.2709 ZAR. The price registered an increase of +0.00% on the session and was traded between 11.2468 ZAR and 11.2959 ZAR over the period. The price is currently at +0.21% from its lowest and -0.22% from its highest.

11.2468

11.2959

11.2709

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NZD/ZAR in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	10.6714	11.0759	11.2512	11.2709	11.4765	11.6735
Change (%)	-5.32%	-1.73%	-0.17%	-	+1.82%	+3.57%
Change	-0.5995	-0.1950	-0.0197	-	+0.2056	+0.4026
Level	Intermediate	Major	Intermediate	-	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.0555	11.1357	11.2034	11.2836	11.3513	11.4315	11.4992
Camarilla	11.2305	11.2441	11.2576	11.2712	11.2848	11.2983	11.3119
Woodie	11.0494	11.1326	11.1973	11.2805	11.3452	11.4284	11.4931
Fibonacci	11.1357	11.1922	11.2271	11.2836	11.3401	11.3750	11.4315

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.9362	11.0760	11.1736	11.3134	11.4110	11.5508	11.6484
Camarilla	11.2059	11.2277	11.2494	11.2712	11.2930	11.3147	11.3365
Woodie	10.9151	11.0655	11.1525	11.3029	11.3899	11.5403	11.6273
Fibonacci	11.0760	11.1667	11.2227	11.3134	11.4041	11.4601	11.5508

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.0549	10.3166	10.7641	11.0258	11.4733	11.7350	12.1825
Camarilla	11.0166	11.0816	11.1466	11.2116	11.2766	11.3416	11.4066
Woodie	10.1478	10.3631	10.8570	11.0723	11.5662	11.7815	12.2754
Fibonacci	10.3166	10.5875	10.7549	11.0258	11.2967	11.4641	11.7350

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):	58.66
MACD (12,26,9):	0.0920
Directional Movement:	9.4875
AROON (14):	42.8571
DEMA (21):	11.3187
Parabolic SAR (0,02-0,02-0,2):	11.1823
Elder Ray (13):	0.0275
Super Trend (3,10):	10.9494
Zig ZAG (10):	11.2669
VORTEX (21):	1.0914
Stochastique (14,3,5):	63.80
TEMA (21):	11.3399
Williams %R (14):	-41.83
Chande Momentum Oscillator (20):	0.2070
Repulse (5,40,3):	-0.2721
ROCnROLL:	1
TRIX (15,9):	0.1230
Courbe Coppock:	2.68

MA7:	11.3126
MA20:	11.2052
MA50:	11.0081
MA100:	10.7874
MAexp7:	11.2818
MAexp20:	11.1964
MAexp50:	11.0380
MAexp100:	10.8604
Price / MA7:	-0.37%
Price / MA20:	+0.59%
Price / MA50:	+2.39%
Price / MA100:	+4.48%
Price / MAexp7:	-0.10%
Price / MAexp20:	+0.67%
Price / MAexp50:	+2.11%
Price / MAexp100:	+3.78%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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