NZD/ZAR - 1H - Technical analysis published on 08/30/2019 (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:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 9.6534 ZAR
My targets
9.6087 ZAR (-0.43%)
9.4383 ZAR (-2.19%)
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 9.6534 ZAR. The next support located at 9.6087 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 9.4383 ZAR. Below this support, sellers could then target 9.2965 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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 9.6498 ZAR. The price registered a decrease of -0.32% on the session with the lowest point at 9.6440 ZAR and the highest point at 9.6819 ZAR. The deviation from the price is +0.06% for the low point and -0.33% for the high point.9.6440
9.6819
9.6498
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support 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 | 9.2965 | 9.4383 | 9.6087 | 9.6498 | 9.6534 | 9.6764 | 9.7071 |
| Change (%) | -3.66% | -2.19% | -0.43% | - | +0.04% | +0.28% | +0.59% |
| Change | -0.3533 | -0.2115 | -0.0411 | - | +0.0036 | +0.0266 | +0.0573 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
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 | 9.4909 | 9.5669 | 9.6237 | 9.6997 | 9.7565 | 9.8325 | 9.8893 |
| Camarilla | 9.6440 | 9.6562 | 9.6683 | 9.6805 | 9.6927 | 9.7049 | 9.7170 |
| Woodie | 9.4813 | 9.5621 | 9.6141 | 9.6949 | 9.7469 | 9.8277 | 9.8797 |
| Fibonacci | 9.5669 | 9.6176 | 9.6490 | 9.6997 | 9.7504 | 9.7818 | 9.8325 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3422 | 9.4978 | 9.6269 | 9.7825 | 9.9116 | 10.0672 | 10.1963 |
| Camarilla | 9.6778 | 9.7039 | 9.7300 | 9.7561 | 9.7822 | 9.8083 | 9.8344 |
| Woodie | 9.3291 | 9.4912 | 9.6138 | 9.7759 | 9.8985 | 10.0606 | 10.1832 |
| Fibonacci | 9.4978 | 9.6065 | 9.6737 | 9.7825 | 9.8912 | 9.9584 | 10.0672 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0253 | 9.1399 | 9.2685 | 9.3831 | 9.5117 | 9.6263 | 9.7549 |
| Camarilla | 9.3303 | 9.3526 | 9.3749 | 9.3972 | 9.4195 | 9.4418 | 9.4641 |
| Woodie | 9.0324 | 9.1434 | 9.2756 | 9.3866 | 9.5188 | 9.6298 | 9.7620 |
| Fibonacci | 9.1399 | 9.2328 | 9.2902 | 9.3831 | 9.4760 | 9.5334 | 9.6263 |
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): | 38.65 | |
| MACD (12,26,9): | -0.0168 | |
| Directional Movement: | -7.8799 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 9.6501 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6791 | |
| Elder Ray (13): | -0.0102 | |
| Super Trend (3,10): | 9.7133 | |
| Zig ZAG (10): | 9.6528 | |
| VORTEX (21): | 0.8122 | |
| Stochastique (14,3,5): | 35.28 | |
| TEMA (21): | 9.6485 | |
| Williams %R (14): | -55.14 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.0895 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0270 | |
| Courbe Coppock: | 0.32 |
| MA7: | 9.7274 | |
| MA20: | 9.7842 | |
| MA50: | 9.5639 | |
| MA100: | 9.5459 | |
| MAexp7: | 9.6594 | |
| MAexp20: | 9.6728 | |
| MAexp50: | 9.6993 | |
| MAexp100: | 9.7202 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -0.73% |
This member declared not having a position on this financial instrument or a related financial instrument.
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