NZD/ZAR - 1H - Technical analysis published on 01/17/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 9.5274 ZAR
My targets
9.5686 ZAR (+0.0114)
9.6238 ZAR (+0.0666)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 9.5274 ZAR remains possible. It is advisable to trade NZD/ZAR with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9.5274 ZAR. The next bullish objective for buyers is set at 9.5686 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.6238 ZAR. If there is any crossing, the next objective would be the resistance located at 9.6808 ZAR. PS: if there is a bearish break in the support located at 9.5274 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.5
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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
NZD/ZAR rating 9.5572 ZAR. On the day, this instrument lost -0.10% with the lowest point at 9.5391 ZAR and the highest point at 9.5800 ZAR. The deviation from the price is +0.19% for the low point and -0.24% for the high point.9.5391
9.5800
9.5572
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Technical
Technical analysis of NZD/ZAR in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.4591 | 9.4961 | 9.5274 | 9.5572 | 9.5686 | 9.6238 | 9.6808 |
| Change (%) | -1.03% | -0.64% | -0.31% | - | +0.12% | +0.70% | +1.29% |
| Change | -0.0981 | -0.0611 | -0.0298 | - | +0.0114 | +0.0666 | +0.1236 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4201 | 9.4700 | 9.5183 | 9.5682 | 9.6165 | 9.6664 | 9.7147 |
| Camarilla | 9.5396 | 9.5486 | 9.5576 | 9.5666 | 9.5756 | 9.5846 | 9.5936 |
| Woodie | 9.4193 | 9.4696 | 9.5175 | 9.5678 | 9.6157 | 9.6660 | 9.7139 |
| Fibonacci | 9.4700 | 9.5075 | 9.5307 | 9.5682 | 9.6057 | 9.6289 | 9.6664 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1679 | 9.2572 | 9.3901 | 9.4794 | 9.6123 | 9.7016 | 9.8345 |
| Camarilla | 9.4620 | 9.4824 | 9.5027 | 9.5231 | 9.5435 | 9.5638 | 9.5842 |
| Woodie | 9.1898 | 9.2681 | 9.4120 | 9.4903 | 9.6342 | 9.7125 | 9.8564 |
| Fibonacci | 9.2572 | 9.3421 | 9.3945 | 9.4794 | 9.5643 | 9.6167 | 9.7016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8859 | 9.1171 | 9.2667 | 9.4979 | 9.6475 | 9.8787 | 10.0283 |
| Camarilla | 9.3116 | 9.3465 | 9.3814 | 9.4163 | 9.4512 | 9.4861 | 9.5210 |
| Woodie | 8.8451 | 9.0967 | 9.2259 | 9.4775 | 9.6067 | 9.8583 | 9.9875 |
| Fibonacci | 9.1171 | 9.2626 | 9.3524 | 9.4979 | 9.6434 | 9.7332 | 9.8787 |
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): | 52.77 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | -4.9737 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 9.5662 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.5786 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 9.5220 | |
| Zig ZAG (10): | 9.5531 | |
| VORTEX (21): | 0.9815 | |
| Stochastique (14,3,5): | 37.81 | |
| TEMA (21): | 9.5620 | |
| Williams %R (14): | -60.39 | |
| Chande Momentum Oscillator (20): | -0.0169 | |
| Repulse (5,40,3): | -0.0590 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0102 | |
| Courbe Coppock: | 0.04 |
| MA7: | 9.5186 | |
| MA20: | 9.4727 | |
| MA50: | 9.4877 | |
| MA100: | 9.4639 | |
| MAexp7: | 9.5609 | |
| MAexp20: | 9.5616 | |
| MAexp50: | 9.5501 | |
| MAexp100: | 9.5334 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.24% |
This member declared not having a position on this financial instrument or a related financial instrument.
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