NZD/ZAR
NZD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDZAR
ISIN:

NZD/ZAR - 1H - Technical analysis published on 12/16/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 9.5734 ZAR
My targets
9.5103 ZAR (-0.0520)
9.4745 ZAR (-0.0878)
My analysis
The bearish trend is currently very strong for NZD/ZAR. As long as the price remains below the resistance at 9.5734 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.5103 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.4745 ZAR as an objective. Crossing it would then enable sellers to target 9.4383 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7

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:
15 min. Daily Weekly

Additional analysis

Quotes

NZD/ZAR rating 9.5623 ZAR. The price registered a decrease of -0.02% on the session with the lowest point at 9.5382 ZAR and the highest point at 9.6113 ZAR. The deviation from the price is +0.25% for the low point and -0.51% for the high point.

9.5382
9.6113
9.5623

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.

Central Gaps

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 NZD/ZAR in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.4383 9.4745 9.5103 9.5623 9.5734 9.6238 9.6877
Change (%) -1.30% -0.92% -0.54% - +0.12% +0.64% +1.31%
Change -0.1240 -0.0878 -0.0520 - +0.0111 +0.0615 +0.1254
Level Major Minor Intermediate - Minor Intermediate 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
Standard9.39989.45349.50859.56219.61729.67089.7259
Camarilla9.53389.54389.55379.56379.57379.58369.5936
Woodie9.40079.45389.50949.56259.61819.67129.7268
Fibonacci9.45349.49499.52059.56219.60369.62929.6708


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.24859.37779.47079.59999.69299.82219.9151
Camarilla9.50269.52309.54339.56379.58419.60449.6248
Woodie9.23049.36879.45269.59099.67489.81319.8970
Fibonacci9.37779.46269.51509.59999.68489.73729.8221


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.80499.06379.23369.49249.66239.921110.0910
Camarilla9.28559.32489.36419.40349.44279.48209.5213
Woodie8.76049.04159.18919.47029.61789.898910.0465
Fibonacci9.06379.22759.32879.49249.65629.75749.9211

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 42.89
MACD (12,26,9): -0.0053
Directional Movement: -3.4548
AROON (14): -78.5714
DEMA (21): 9.5594
Parabolic SAR (0,02-0,02-0,2): 9.6110
Elder Ray (13): -0.0127
Super Trend (3,10): 9.6062
Zig ZAG (10): 9.5499
VORTEX (21): 1.0102
Stochastique (14,3,5): 18.77
TEMA (21): 9.5608
Williams %R (14): -78.80
Chande Momentum Oscillator (20): -0.0251
Repulse (5,40,3): -0.0805
ROCnROLL: 2
TRIX (15,9): -0.0030
Courbe Coppock: 0.35
MA7: 9.6014
MA20: 9.5215
MA50: 9.4751
MA100: 9.5296
MAexp7: 9.5609
MAexp20: 9.5656
MAexp50: 9.5796
MAexp100: 9.5930
Price / MA7: -0.41%
Price / MA20: +0.43%
Price / MA50: +0.92%
Price / MA100: +0.34%
Price / MAexp7: +0.01%
Price / MAexp20: -0.03%
Price / MAexp50: -0.18%
Price / MAexp100: -0.32%

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

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