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 04/29/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 14.5224 ZAR

My targets

13.9704 ZAR (-0.3520)

13.4449 ZAR (-0.8775)

My analysis

The bearish trend is currently very strong for USD/ZAR. As long as the price remains below the resistance at 14.5224 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.9704 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.4449 ZAR as an objective. Crossing it would then enable sellers to target 13.2631 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.9

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

The USD/ZAR rating is 14.3224 ZAR. The price has increased by +0.65% since the last closing with the lowest point at 14.1465 ZAR and the highest point at 14.3636 ZAR. The deviation from the price is +1.24% for the low point and -0.29% for the high point.

14.1465

14.3636

14.3224

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/ZAR indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.8012	13.2631	13.9704	14.3224	14.5224	15.4273	16.1699
Change (%)	-17.60%	-7.40%	-2.46%	-	+1.40%	+7.71%	+12.90%
Change	-2.5212	-1.0593	-0.3520	-	+0.2000	+1.1049	+1.8475
Level	Major	Intermediate	Major	-	Intermediate	Major	Minor

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	13.9144	14.0599	14.1451	14.2906	14.3758	14.5213	14.6065
Camarilla	14.1668	14.1879	14.2091	14.2302	14.2514	14.2725	14.2936
Woodie	13.8842	14.0448	14.1149	14.2755	14.3456	14.5062	14.5763
Fibonacci	14.0599	14.1481	14.2025	14.2906	14.3788	14.4332	14.5213

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.9812	14.0761	14.1734	14.2683	14.3656	14.4605	14.5578
Camarilla	14.2178	14.2354	14.2530	14.2706	14.2882	14.3058	14.3235
Woodie	13.9823	14.0767	14.1745	14.2689	14.3667	14.4611	14.5589
Fibonacci	14.0761	14.1496	14.1949	14.2683	14.3418	14.3871	14.4605

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.4449	14.0287	14.4054	14.9892	15.3659	15.9497	16.3264
Camarilla	14.5181	14.6061	14.6942	14.7822	14.8703	14.9583	15.0463
Woodie	13.3415	13.9769	14.3020	14.9374	15.2625	15.8979	16.2230
Fibonacci	14.0287	14.3956	14.6223	14.9892	15.3561	15.5828	15.9497

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):	42.64
MACD (12,26,9):	-0.1307
Directional Movement:	-10.9921
AROON (14):	-85.7143
DEMA (21):	14.2354
Parabolic SAR (0,02-0,02-0,2):	14.5070
Elder Ray (13):	-0.0881
Super Trend (3,10):	14.7232
Zig ZAG (10):	14.3125
VORTEX (21):	0.8240
Stochastique (14,3,5):	28.82
TEMA (21):	14.2016
Williams %R (14):	-68.21
Chande Momentum Oscillator (20):	-0.1904
Repulse (5,40,3):	0.3587
ROCnROLL:	2
TRIX (15,9):	-0.1419
Courbe Coppock:	3.77

MA7:	14.2895
MA20:	14.3961
MA50:	14.7096
MA100:	14.8116
MAexp7:	14.2987
MAexp20:	14.4103
MAexp50:	14.6246
MAexp100:	14.9228
Price / MA7:	+0.23%
Price / MA20:	-0.51%
Price / MA50:	-2.63%
Price / MA100:	-3.30%
Price / MAexp7:	+0.17%
Price / MAexp20:	-0.61%
Price / MAexp50:	-2.07%
Price / MAexp100:	-4.02%

Quotes : - 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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