USD/ZAR

- ZAR (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	USDZAR
ISIN:

USD/ZAR - Daily - Technical analysis published on 10/28/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 16.4123 ZAR

My targets

15.8214 ZAR (-0.5107)

15.4160 ZAR (-0.9161)

My analysis

With a strongly bearish trend, the price of USD/ZAR is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 16.4123 ZAR remains possible. It would be possible for traders to only trade short positions (for sale) on USD/ZAR as long as the price remains well below 16.4123 ZAR. The next bearish objective for sellers is set at 15.8214 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.4160 ZAR. In case of crossing, the next objective would be the support located at 15.0498 ZAR.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

Comment on the analysis

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

USD/ZAR rating 16.3321 ZAR. On the day, this instrument gained +0.82% and was between 16.1776 ZAR and 16.4974 ZAR. This implies that the price is at +0.96% from its lowest and at -1.00% from its highest.

16.1776

16.4974

16.3321

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of USD/ZAR in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.4921	15.0498	15.4160	16.3321	16.4123	16.8529	17.7086
Change (%)	-11.27%	-7.85%	-5.61%	-	+0.49%	+3.19%	+8.43%
Change	-1.8400	-1.2823	-0.9161	-	+0.0802	+0.5208	+1.3765
Level	Intermediate	Intermediate	Major	-	Major	Major	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
Standard	15.9538	16.0226	16.1109	16.1797	16.2680	16.3368	16.4251
Camarilla	16.1561	16.1705	16.1849	16.1993	16.2137	16.2281	16.2425
Woodie	15.9637	16.0275	16.1208	16.1846	16.2779	16.3417	16.4350
Fibonacci	16.0226	16.0826	16.1197	16.1797	16.2397	16.2768	16.3368

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.0511	13.6869	14.7900	15.4258	16.5289	17.1647	18.2678
Camarilla	15.4149	15.5743	15.7337	15.8931	16.0525	16.2119	16.3713
Woodie	13.2848	13.8037	15.0237	15.5426	16.7626	17.2815	18.5015
Fibonacci	13.6869	14.3512	14.7615	15.4258	16.0901	16.5004	17.1647

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.5016	15.1162	15.6615	15.2761	15.8214	15.4360	15.9813
Camarilla	16.1627	16.1774	16.1920	16.2067	16.2214	16.2360	16.2507
Woodie	15.9669	15.3489	16.1268	15.5088	16.2867	15.6687	16.4466
Fibonacci	15.1162	15.1773	15.2151	15.2761	15.3372	15.3750	15.4360

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):	49.28
MACD (12,26,9):	-0.1968
Directional Movement:	0.5653
AROON (14):	-57.1429
DEMA (21):	16.0753
Parabolic SAR (0,02-0,02-0,2):	14.7309
Elder Ray (13):	0.1316
Super Trend (3,10):	15.0396
Zig ZAG (10):	16.3262
VORTEX (21):	0.9090
Stochastique (14,3,5):	52.34
TEMA (21):	15.9701
Williams %R (14):	-19.99
Chande Momentum Oscillator (20):	-0.1480
Repulse (5,40,3):	-0.0782
ROCnROLL:	-1
TRIX (15,9):	-0.1316
Courbe Coppock:	6.08

MA7:	16.0379
MA20:	16.3713
MA50:	16.6105
MA100:	16.8400
MAexp7:	16.0814
MAexp20:	16.3155
MAexp50:	16.5751
MAexp100:	16.7424
Price / MA7:	+1.83%
Price / MA20:	-0.24%
Price / MA50:	-1.68%
Price / MA100:	-3.02%
Price / MAexp7:	+1.56%
Price / MAexp20:	+0.10%
Price / MAexp50:	-1.47%
Price / MAexp100:	-2.45%

Quotes : 2020-10-28 16:33:09 - Real time data - Forex

News

The last news published on USD/ZAR at the time of the generation of this analysis was as follows:

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

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