NZD/ZAR - 1H - Technical analysis published on 10/02/2019 (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 bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.5249 ZAR
My targets
9.5945 ZAR (+0.03%)
9.6757 ZAR (+0.88%)
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 9.5249 ZAR. The next resistance located at 9.5945 ZAR is the next bullish objective 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 9.6757 ZAR. After this resistance, buyers could then target 9.7818 ZAR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.8
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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
The NZD/ZAR price is 9.5914 ZAR. The price registered an increase of +0.19% on the session and was traded between 9.5686 ZAR and 9.5980 ZAR over the period. The price is currently at +0.24% from its lowest and -0.07% from its highest.9.5686
9.5980
9.5914
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
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 NZD/ZAR in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3805 | 9.4383 | 9.5249 | 9.5914 | 9.5945 | 9.6757 | 9.7818 |
| Change (%) | -2.20% | -1.60% | -0.69% | - | +0.03% | +0.88% | +1.99% |
| Change | -0.2109 | -0.1531 | -0.0665 | - | +0.0031 | +0.0843 | +0.1904 |
| Level | Intermediate | Major | 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 | 9.3346 | 9.3908 | 9.4822 | 9.5384 | 9.6298 | 9.6860 | 9.7774 |
| Camarilla | 9.5331 | 9.5466 | 9.5602 | 9.5737 | 9.5872 | 9.6008 | 9.6143 |
| Woodie | 9.3523 | 9.3996 | 9.4999 | 9.5472 | 9.6475 | 9.6948 | 9.7951 |
| Fibonacci | 9.3908 | 9.4472 | 9.4820 | 9.5384 | 9.5948 | 9.6296 | 9.6860 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1172 | 9.2173 | 9.3710 | 9.4711 | 9.6248 | 9.7249 | 9.8786 |
| Camarilla | 9.4549 | 9.4782 | 9.5014 | 9.5247 | 9.5480 | 9.5712 | 9.5945 |
| Woodie | 9.1440 | 9.2307 | 9.3978 | 9.4845 | 9.6516 | 9.7383 | 9.9054 |
| Fibonacci | 9.2173 | 9.3143 | 9.3742 | 9.4711 | 9.5681 | 9.6280 | 9.7249 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8487 | 9.0329 | 9.2581 | 9.4423 | 9.6675 | 9.8517 | 10.0769 |
| Camarilla | 9.3707 | 9.4082 | 9.4458 | 9.4833 | 9.5208 | 9.5584 | 9.5959 |
| Woodie | 8.8692 | 9.0432 | 9.2786 | 9.4526 | 9.6880 | 9.8620 | 10.0974 |
| Fibonacci | 9.0329 | 9.1893 | 9.2859 | 9.4423 | 9.5987 | 9.6953 | 9.8517 |
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): | 66.05 | |
| MACD (12,26,9): | 0.0212 | |
| Directional Movement: | 22.2816 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 9.5901 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.5692 | |
| Elder Ray (13): | 0.0195 | |
| Super Trend (3,10): | 9.5382 | |
| Zig ZAG (10): | 9.5938 | |
| VORTEX (21): | 1.2360 | |
| Stochastique (14,3,5): | 82.62 | |
| TEMA (21): | 9.5990 | |
| Williams %R (14): | -4.55 | |
| Chande Momentum Oscillator (20): | 0.0324 | |
| Repulse (5,40,3): | 0.1953 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0328 | |
| Courbe Coppock: | 0.70 |
| MA7: | 9.4918 | |
| MA20: | 9.4188 | |
| MA50: | 9.5777 | |
| MA100: | 9.5353 | |
| MAexp7: | 9.5833 | |
| MAexp20: | 9.5631 | |
| MAexp50: | 9.5324 | |
| MAexp100: | 9.5013 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | +1.83% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.95% |
This member declared not having a position on this financial instrument or a related financial instrument.
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