USD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDZAR
ISIN:

USD/ZAR - Daily - Technical analysis published on 12/07/2020 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 15.4358 ZAR

My targets

15.1364 ZAR (-0.1157)

14.3236 ZAR (-0.9285)

My analysis

The bearish trend is currently very strong for USD/ZAR. As long as the price remains below the resistance at 15.4358 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.1364 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.3236 ZAR as an objective. Crossing it would then enable sellers to target 13.9704 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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 Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/ZAR rating 15.2521 ZAR. On the day, this instrument gained +0.28% and was between 15.1879 ZAR and 15.2957 ZAR. This implies that the price is at +0.42% from its lowest and at -0.29% from its highest.

15.1879

15.2957

15.2521

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 USD/ZAR:

Technical

Technical analysis of this Daily chart of USD/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.2631	13.9704	15.1364	15.2521	15.4358	16.1662	16.8529
Change (%)	-13.04%	-8.40%	-0.76%	-	+1.20%	+5.99%	+10.50%
Change	-1.9890	-1.2817	-0.1157	-	+0.1837	+0.9141	+1.6008
Level	Minor	Major	Major	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.0304	15.0788	15.1440	15.1924	15.2576	15.3060	15.3712
Camarilla	15.1781	15.1885	15.1989	15.2093	15.2197	15.2301	15.2405
Woodie	15.0389	15.0830	15.1525	15.1966	15.2661	15.3102	15.3797
Fibonacci	15.0788	15.1222	15.1490	15.1924	15.2358	15.2626	15.3060

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.6896	14.9084	15.0588	15.2776	15.4280	15.6468	15.7972
Camarilla	15.1078	15.1416	15.1755	15.2093	15.2431	15.2770	15.3108
Woodie	14.6555	14.8913	15.0247	15.2605	15.3939	15.6297	15.7631
Fibonacci	14.9084	15.0494	15.1365	15.2776	15.4186	15.5057	15.6468

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):	38.48
MACD (12,26,9):	-0.2043
Directional Movement:	-5.7333
AROON (14):	-35.7143
DEMA (21):	15.1170
Parabolic SAR (0,02-0,02-0,2):	15.4889
Elder Ray (13):	-0.0814
Super Trend (3,10):	15.8119
Zig ZAG (10):	15.2508
VORTEX (21):	0.9106
Stochastique (14,3,5):	24.42
TEMA (21):	15.1371
Williams %R (14):	-68.36
Chande Momentum Oscillator (20):	-0.1811
Repulse (5,40,3):	-0.0288
ROCnROLL:	2
TRIX (15,9):	-0.2218
Courbe Coppock:	2.89

MA7:	15.2696
MA20:	15.3579
MA50:	15.9504
MA100:	16.4358
MAexp7:	15.2597
MAexp20:	15.4112
MAexp50:	15.8297
MAexp100:	16.2191
Price / MA7:	-0.11%
Price / MA20:	-0.69%
Price / MA50:	-4.38%
Price / MA100:	-7.20%
Price / MAexp7:	-0.05%
Price / MAexp20:	-1.03%
Price / MAexp50:	-3.65%
Price / MAexp100:	-5.96%

Quotes : 2020-12-07 09:31:03 - Real time data - Forex

News

The latest news and videos published on USD/ZAR at the time of the analysis were as follows:

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

About author

Londinia AI

Online

Overall rating :

15096

Number of analyses :

71876

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…