NZD/ZAR - 1H - Technical analysis published on 01/31/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 9.5650 ZAR
My targets
9.6238 ZAR (+0.0134)
9.6808 ZAR (+0.0704)
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 9.5650 ZAR. The next resistance located at 9.6238 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 9.6808 ZAR. After this resistance, buyers could then target 9.8107 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
7.5
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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
The NZD/ZAR rating is 9.6104 ZAR. The price has increased by +0.45% since the last closing and was between 9.5519 ZAR and 9.6175 ZAR. This implies that the price is at +0.61% from its lowest and at -0.07% from its highest.9.5519
9.6175
9.6104
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
Here is a more detailed summary of the historical variations registered by NZD/ZAR:
Technical
Technical analysis of this 1H chart of NZD/ZAR indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.5083 | 9.5482 | 9.5650 | 9.6104 | 9.6238 | 9.6808 | 9.8107 |
| Change (%) | -1.06% | -0.65% | -0.47% | - | +0.14% | +0.73% | +2.08% |
| Change | -0.1021 | -0.0622 | -0.0454 | - | +0.0134 | +0.0704 | +0.2003 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
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 | 9.3910 | 9.4500 | 9.5087 | 9.5677 | 9.6264 | 9.6854 | 9.7441 |
| Camarilla | 9.5350 | 9.5458 | 9.5566 | 9.5674 | 9.5782 | 9.5890 | 9.5998 |
| Woodie | 9.3909 | 9.4499 | 9.5086 | 9.5676 | 9.6263 | 9.6853 | 9.7440 |
| Fibonacci | 9.4500 | 9.4950 | 9.5227 | 9.5677 | 9.6127 | 9.6404 | 9.6854 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1705 | 9.2881 | 9.3983 | 9.5159 | 9.6261 | 9.7437 | 9.8539 |
| Camarilla | 9.4460 | 9.4668 | 9.4877 | 9.5086 | 9.5295 | 9.5504 | 9.5712 |
| Woodie | 9.1669 | 9.2863 | 9.3947 | 9.5141 | 9.6225 | 9.7419 | 9.8503 |
| Fibonacci | 9.2881 | 9.3751 | 9.4289 | 9.5159 | 9.6029 | 9.6567 | 9.7437 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.77 | |
| MACD (12,26,9): | 0.0078 | |
| Directional Movement: | 10.6182 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 9.5886 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.5519 | |
| Elder Ray (13): | 0.0066 | |
| Super Trend (3,10): | 9.5285 | |
| Zig ZAG (10): | 9.6037 | |
| VORTEX (21): | 1.0473 | |
| Stochastique (14,3,5): | 47.18 | |
| TEMA (21): | 9.5897 | |
| Williams %R (14): | -8.56 | |
| Chande Momentum Oscillator (20): | 0.0310 | |
| Repulse (5,40,3): | 0.6138 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.25 |
| MA7: | 9.5428 | |
| MA20: | 9.5234 | |
| MA50: | 9.5022 | |
| MA100: | 9.4723 | |
| MAexp7: | 9.5845 | |
| MAexp20: | 9.5770 | |
| MAexp50: | 9.5611 | |
| MAexp100: | 9.5482 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +1.46% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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