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USD/ZAR
USD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDZAR
ISIN:

USD/ZAR - 1H - Technical analysis published on 05/18/2022 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 15.9856 ZAR
My targets
15.8867 ZAR (-0.0692)
15.7002 ZAR (-0.2557)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/ZAR. As long as you are under the resistance located at 15.9856 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 15.8867 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 15.7002 ZAR as an objective. Crossing it would then enable sellers to target 15.4394 ZAR. If the resistance 15.9856 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4

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.

Clay707
This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/ZAR rating 15.9559 ZAR. The price registered an increase of +0.27% on the session with the lowest point at 15.8828 ZAR and the highest point at 16.0035 ZAR. The deviation from the price is +0.46% for the low point and -0.30% for the high point.

15.8828
16.0035
15.9559

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/ZAR chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.0108 15.4394 15.8867 15.9559 15.9856 16.1070 16.1922
Change (%) -5.92% -3.24% -0.43% - +0.19% +0.95% +1.48%
Change -0.9451 -0.5165 -0.0692 - +0.0297 +0.1511 +0.2363
Level Minor Major Intermediate - Minor Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.540315.713715.813015.986416.085716.259116.3584
Camarilla15.837415.862415.887415.912415.937415.962415.9874
Woodie15.503415.695215.776115.967916.048816.240616.3215
Fibonacci15.713715.817815.882215.986416.090516.154916.2591


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.700215.839716.010216.149716.320216.459716.6302
Camarilla16.095616.124016.152416.180816.209216.237616.2661
Woodie15.715815.847516.025816.157516.335816.467516.6458
Fibonacci15.839715.958116.031316.149716.268116.341316.4597


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.104813.775014.792915.463116.481017.151218.1691
Camarilla15.346715.501415.656215.810915.965616.120416.2751
Woodie13.278813.861914.966915.550016.655017.238118.3431
Fibonacci13.775014.419814.818215.463116.107916.506317.1512

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): 49.17
MACD (12,26,9): -0.0208
Directional Movement: -3.3585
AROON (14): -21.4286
DEMA (21): 15.9171
Parabolic SAR (0,02-0,02-0,2): 15.9941
Elder Ray (13): 0.0045
Super Trend (3,10): 16.0326
Zig ZAG (10): 15.9658
VORTEX (21): 1.0226
Stochastique (14,3,5): 43.58
TEMA (21): 15.9321
Williams %R (14): -35.38
Chande Momentum Oscillator (20): 0.0077
Repulse (5,40,3): 0.3413
ROCnROLL: -1
TRIX (15,9): -0.0252
Courbe Coppock: 0.17
MA7: 16.0741
MA20: 15.9178
MA50: 15.2185
MA100: 15.2935
MAexp7: 15.9368
MAexp20: 15.9488
MAexp50: 16.0051
MAexp100: 16.0462
Price / MA7: -0.74%
Price / MA20: +0.24%
Price / MA50: +4.85%
Price / MA100: +4.33%
Price / MAexp7: +0.12%
Price / MAexp20: +0.05%
Price / MAexp50: -0.31%
Price / MAexp100: -0.56%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/ZAR. At the time of publication of this analysis, the latest news was as follows:

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

About author

Londinia
Londinia AI

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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…

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