USD/ZAR - 1H - Technical analysis published on 11/12/2020 (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:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 15.6615 ZAR
My targets
15.7258 ZAR (+0.0456)
15.8689 ZAR (+0.1887)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/ZAR. This is a positive signal for buyers. As long as the price remains above 15.6615 ZAR, a purchase could be considered. The first bullish objective is located at 15.7258 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.8689 ZAR as an objective. Crossing it would then enable buyers to target 15.9742 ZAR. In the event of a return below 15.6615 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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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 USD/ZAR price is 15.6802 ZAR. The price has increased by +0.32% since the last closing and was traded between 15.6137 ZAR and 15.7348 ZAR over the period. The price is currently at +0.43% from its lowest and -0.35% from its highest.15.6137
15.7348
15.6802
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/ZAR chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This 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.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.2086 | 15.4160 | 15.5318 | 15.6802 | 15.7258 | 15.9742 | 16.1662 |
| Change (%) | -3.01% | -1.68% | -0.95% | - | +0.29% | +1.87% | +3.10% |
| Change | -0.4716 | -0.2642 | -0.1484 | - | +0.0456 | +0.2940 | +0.4860 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.3391 | 15.4355 | 15.5331 | 15.6295 | 15.7271 | 15.8235 | 15.9211 |
| Camarilla | 15.5775 | 15.5952 | 15.6130 | 15.6308 | 15.6486 | 15.6664 | 15.6842 |
| Woodie | 15.3398 | 15.4358 | 15.5338 | 15.6298 | 15.7278 | 15.8238 | 15.9218 |
| Fibonacci | 15.4355 | 15.5096 | 15.5554 | 15.6295 | 15.7036 | 15.7494 | 15.8235 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.4586 | 15.0196 | 15.3079 | 15.8689 | 16.1572 | 16.7182 | 17.0065 |
| Camarilla | 15.3625 | 15.4404 | 15.5183 | 15.5961 | 15.6740 | 15.7518 | 15.8297 |
| Woodie | 14.3222 | 14.9514 | 15.1715 | 15.8007 | 16.0208 | 16.6500 | 16.8701 |
| Fibonacci | 15.0196 | 15.3441 | 15.5445 | 15.8689 | 16.1934 | 16.3938 | 16.7182 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.2317 | 15.6615 | 15.9388 | 16.3686 | 16.6459 | 17.0757 | 17.3530 |
| Camarilla | 16.0217 | 16.0865 | 16.1513 | 16.2161 | 16.2809 | 16.3457 | 16.4106 |
| Woodie | 15.1555 | 15.6234 | 15.8626 | 16.3305 | 16.5697 | 17.0376 | 17.2768 |
| Fibonacci | 15.6615 | 15.9316 | 16.0985 | 16.3686 | 16.6387 | 16.8056 | 17.0757 |
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): | 64.64 | |
| MACD (12,26,9): | 0.0215 | |
| Directional Movement: | 17.8285 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 15.6753 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.6161 | |
| Elder Ray (13): | 0.0458 | |
| Super Trend (3,10): | 15.5757 | |
| Zig ZAG (10): | 15.7260 | |
| VORTEX (21): | 1.1218 | |
| Stochastique (14,3,5): | 55.03 | |
| TEMA (21): | 15.6660 | |
| Williams %R (14): | -4.73 | |
| Chande Momentum Oscillator (20): | 0.0956 | |
| Repulse (5,40,3): | 0.7060 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0157 | |
| Courbe Coppock: | 0.06 |
| MA7: | 15.6495 | |
| MA20: | 16.0716 | |
| MA50: | 16.4302 | |
| MA100: | 16.7123 | |
| MAexp7: | 15.6628 | |
| MAexp20: | 15.6490 | |
| MAexp50: | 15.6170 | |
| MAexp100: | 15.6443 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -2.44% | |
| Price / MA50: | -4.56% | |
| Price / MA100: | -6.18% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.24% |
Quotes :
2020-11-12 07:42:59
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Real time data
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Forex
News
The latest news and videos published on USD/ZAR at the time of the analysis were as follows:
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USD/ZAR Forecast October 7, 2020
-
USD/ZAR Forecast September 18, 2020
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USD/ZAR Forecast September 11, 2020
-
USD/ZAR Forecast July 23, 2020
-
USD/ZAR Forecast April 7, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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