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 08/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 11.3867 ZAR

My targets

11.2489 ZAR (-0.0516)

11.0759 ZAR (-0.2246)

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 11.3867 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.2489 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 11.0759 ZAR as an objective. Crossing it would then enable sellers to target 10.8491 ZAR. If the resistance 11.3867 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.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.5

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 price is 11.3005 ZAR. The price registered a decrease of -0.02% on the session and was traded between 11.2690 ZAR and 11.3391 ZAR over the period. The price is currently at +0.28% from its lowest and -0.34% from its highest.

11.2690

11.3391

11.3005

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

Bullish opening

Type : Bullish

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 an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NZD/ZAR chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of triangle

Type : Bearish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.8491	11.0759	11.2489	11.3005	11.3867	11.6735	12.2059
Change (%)	-3.99%	-1.99%	-0.46%	-	+0.76%	+3.30%	+8.01%
Change	-0.4514	-0.2246	-0.0516	-	+0.0862	+0.3730	+0.9054
Level	Minor	Major	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.1258	11.1977	11.2502	11.3221	11.3746	11.4465	11.4990
Camarilla	11.2686	11.2800	11.2914	11.3028	11.3142	11.3256	11.3370
Woodie	11.1162	11.1929	11.2406	11.3173	11.3650	11.4417	11.4894
Fibonacci	11.1977	11.2452	11.2746	11.3221	11.3696	11.3990	11.4465

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.8552	11.0366	11.1907	11.3721	11.5262	11.7076	11.8617
Camarilla	11.2525	11.2833	11.3141	11.3448	11.3756	11.4063	11.4371
Woodie	10.8416	11.0298	11.1771	11.3653	11.5126	11.7008	11.8481
Fibonacci	11.0366	11.1648	11.2439	11.3721	11.5003	11.5794	11.7076

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.6377	10.2305	10.6582	11.2510	11.6787	12.2715	12.6992
Camarilla	10.8053	10.8988	10.9924	11.0859	11.1795	11.2730	11.3665
Woodie	9.5552	10.1892	10.5757	11.2097	11.5962	12.2302	12.6167
Fibonacci	10.2305	10.6203	10.8612	11.2510	11.6408	11.8817	12.2715

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):	48.57
MACD (12,26,9):	0.0070
Directional Movement:	1.0595
AROON (14):	50.0000
DEMA (21):	11.3150
Parabolic SAR (0,02-0,02-0,2):	11.5478
Elder Ray (13):	-0.0245
Super Trend (3,10):	10.9964
Zig ZAG (10):	11.3048
VORTEX (21):	1.0398
Stochastique (14,3,5):	64.09
TEMA (21):	11.3700
Williams %R (14):	-49.25
Chande Momentum Oscillator (20):	0.0619
Repulse (5,40,3):	-0.6798
ROCnROLL:	2
TRIX (15,9):	-0.0144
Courbe Coppock:	5.43

MA7:	11.3517
MA20:	11.2369
MA50:	11.3523
MA100:	11.4746
MAexp7:	11.3426
MAexp20:	11.3200
MAexp50:	11.3658
MAexp100:	11.3711
Price / MA7:	-0.45%
Price / MA20:	+0.57%
Price / MA50:	-0.46%
Price / MA100:	-1.52%
Price / MAexp7:	-0.37%
Price / MAexp20:	-0.17%
Price / MAexp50:	-0.57%
Price / MAexp100:	-0.62%

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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Londinia AI

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