USD/ZAR - 1H - Technical analysis published on 12/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 14.6773 ZAR
My targets
14.5281 ZAR (-0.0219)
14.3069 ZAR (-0.2431)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/ZAR as long as the price remains well below 14.6773 ZAR. The sellers” bearish objective is set at 14.5281 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.3069 ZAR. In case of crossing, the next objective would be the support located at 13.9704 ZAR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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 14.5500 ZAR. The price is lower by -0.19% since the last closing with the lowest point at 14.5418 ZAR and the highest point at 14.6873 ZAR. The deviation from the price is +0.06% for the low point and -0.93% for the high point.14.5418
14.6873
14.5500
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
Technical analysis of this 1H chart of USD/ZAR indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.2631 | 13.9704 | 14.5281 | 14.5500 | 14.6860 | 14.8183 | 14.9122 |
| Change (%) | -8.84% | -3.98% | -0.15% | - | +0.93% | +1.84% | +2.49% |
| Change | -1.2869 | -0.5796 | -0.0219 | - | +0.1360 | +0.2683 | +0.3622 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.4127 | 14.4886 | 14.5333 | 14.6092 | 14.6539 | 14.7298 | 14.7745 |
| Camarilla | 14.5448 | 14.5559 | 14.5669 | 14.5780 | 14.5891 | 14.6001 | 14.6112 |
| Woodie | 14.3971 | 14.4808 | 14.5177 | 14.6014 | 14.6383 | 14.7220 | 14.7589 |
| Fibonacci | 14.4886 | 14.5347 | 14.5631 | 14.6092 | 14.6553 | 14.6837 | 14.7298 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.0721 | 14.3069 | 14.4425 | 14.6773 | 14.8129 | 15.0477 | 15.1833 |
| Camarilla | 14.4761 | 14.5101 | 14.5441 | 14.5780 | 14.6120 | 14.6459 | 14.6799 |
| Woodie | 14.0224 | 14.2821 | 14.3928 | 14.6525 | 14.7632 | 15.0229 | 15.1336 |
| Fibonacci | 14.3069 | 14.4484 | 14.5358 | 14.6773 | 14.8188 | 14.9062 | 15.0477 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.87 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | -9.6135 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 14.5858 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.6612 | |
| Elder Ray (13): | -0.0301 | |
| Super Trend (3,10): | 14.5151 | |
| Zig ZAG (10): | 14.5533 | |
| VORTEX (21): | 0.8612 | |
| Stochastique (14,3,5): | 4.77 | |
| TEMA (21): | 14.5737 | |
| Williams %R (14): | -99.03 | |
| Chande Momentum Oscillator (20): | -0.0591 | |
| Repulse (5,40,3): | -0.3271 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.53 |
| MA7: | 14.5968 | |
| MA20: | 14.9283 | |
| MA50: | 15.4404 | |
| MA100: | 16.1409 | |
| MAexp7: | 14.5757 | |
| MAexp20: | 14.5980 | |
| MAexp50: | 14.6110 | |
| MAexp100: | 14.6381 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -2.53% | |
| Price / MA50: | -5.77% | |
| Price / MA100: | -9.86% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.60% |
Quotes :
2020-12-28 08:02:48
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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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