USD/ZAR - 1H - Technical analysis published on 12/04/2020 (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:
Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 15.2758 ZAR
My targets
15.1364 ZAR (-0.0821)
15.0983 ZAR (-0.1202)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 15.2758 ZAR remains possible. It is advisable to trade USD/ZAR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 15.2758 ZAR. The next bearish objective for sellers is set at 15.1364 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.0983 ZAR. In case of crossing, the next objective would be the support located at 13.9704 ZAR. PS: if there is a bullish break in the resistance located at 15.2758 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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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 15.2185 ZAR. The price registered an increase of +0.16% on the session and was between 15.1428 ZAR and 15.2337 ZAR. This implies that the price is at +0.50% from its lowest and at -0.10% from its highest.15.1428
15.2337
15.2185
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/ZAR:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/ZAR in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.0983 | 15.1364 | 15.2079 | 15.2185 | 15.2758 | 15.4358 | 15.4961 |
| Change (%) | -0.79% | -0.54% | -0.07% | - | +0.38% | +1.43% | +1.82% |
| Change | -0.1202 | -0.0821 | -0.0106 | - | +0.0573 | +0.2173 | +0.2776 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.8806 | 15.0127 | 15.1034 | 15.2355 | 15.3262 | 15.4583 | 15.5490 |
| Camarilla | 15.1328 | 15.1533 | 15.1737 | 15.1941 | 15.2145 | 15.2350 | 15.2554 |
| Woodie | 14.8599 | 15.0024 | 15.0827 | 15.2252 | 15.3055 | 15.4480 | 15.5283 |
| Fibonacci | 15.0127 | 15.0978 | 15.1504 | 15.2355 | 15.3206 | 15.3732 | 15.4583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.7092 | 14.9038 | 15.0754 | 15.2700 | 15.4416 | 15.6362 | 15.8078 |
| Camarilla | 15.1464 | 15.1800 | 15.2135 | 15.2471 | 15.2807 | 15.3142 | 15.3478 |
| Woodie | 14.6978 | 14.8981 | 15.0640 | 15.2643 | 15.4302 | 15.6305 | 15.7964 |
| Fibonacci | 14.9038 | 15.0437 | 15.1301 | 15.2700 | 15.4099 | 15.4963 | 15.6362 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5489 | 14.3236 | 14.8806 | 15.6553 | 16.2123 | 16.9870 | 17.5440 |
| Camarilla | 15.0714 | 15.1935 | 15.3155 | 15.4376 | 15.5597 | 15.6817 | 15.8038 |
| Woodie | 13.4401 | 14.2692 | 14.7718 | 15.6009 | 16.1035 | 16.9326 | 17.4352 |
| Fibonacci | 14.3236 | 14.8323 | 15.1466 | 15.6553 | 16.1640 | 16.4783 | 16.9870 |
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): | 52.28 | |
| MACD (12,26,9): | -0.0192 | |
| Directional Movement: | 4.0015 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 15.1718 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.1428 | |
| Elder Ray (13): | -0.0071 | |
| Super Trend (3,10): | 15.2626 | |
| Zig ZAG (10): | 15.1668 | |
| VORTEX (21): | 0.8065 | |
| Stochastique (14,3,5): | 34.27 | |
| TEMA (21): | 15.1490 | |
| Williams %R (14): | -68.46 | |
| Chande Momentum Oscillator (20): | -0.0274 | |
| Repulse (5,40,3): | -0.0275 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0316 | |
| Courbe Coppock: | 0.36 |
| MA7: | 15.2591 | |
| MA20: | 15.3664 | |
| MA50: | 15.9864 | |
| MA100: | 16.4497 | |
| MAexp7: | 15.1744 | |
| MAexp20: | 15.2026 | |
| MAexp50: | 15.2417 | |
| MAexp100: | 15.2659 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | -4.80% | |
| Price / MA100: | -7.48% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.32% |
Quotes :
2020-12-04 09:18:27
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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
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USD/ZAR Forecast September 18, 2020
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USD/ZAR Forecast September 11, 2020
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USD/ZAR Forecast July 23, 2020
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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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