USD/ZAR
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 07/01/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 14.4677 ZAR
My targets
14.1441 ZAR (-0.15%)
13.9101 ZAR (-1.80%)
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 14.4677 ZAR. The sellers” bearish objective is set at 14.1441 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.9101 ZAR. In case of crossing, the next objective would be the support located at 13.6611 ZAR.

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:
15 min. 1H Weekly

Additional analysis

Quotes

USD/ZAR rating 14.1654 ZAR. The price has increased by +0.59% since the last closing and was between 14.0355 ZAR and 14.1734 ZAR. This implies that the price is at +0.93% from its lowest and at -0.06% from its highest.

14.0355
14.1734
14.1654

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of USD/ZAR indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.6611 13.9101 14.1441 14.1654 14.4677 14.6251 15.0178
Change (%) -3.56% -1.80% -0.15% - +2.13% +3.25% +6.02%
Change -0.5043 -0.2553 -0.0213 - +0.3023 +0.4597 +0.8524
Level Minor Intermediate Intermediate - Major 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
Standard13.914313.993414.037614.116714.160914.240014.2842
Camarilla14.047914.059214.070514.081814.093114.104414.1157
Woodie13.896813.984714.020214.108014.143414.231314.2668
Fibonacci13.993414.040514.069614.116714.163814.192914.2400


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.638613.855513.968714.185614.298814.515714.6289
Camarilla13.991014.021314.051514.081814.112114.142314.1726
Woodie13.586613.829613.916714.159714.246914.489814.5770
Fibonacci13.855513.981614.059514.185614.311714.389614.5157

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): 38.86
MACD (12,26,9): -0.1022
Directional Movement: -14.6491
AROON (14): -85.7143
DEMA (21): 14.3223
Parabolic SAR (0,02-0,02-0,2): 14.7436
Elder Ray (13): -0.2480
Super Trend (3,10): 14.6237
Zig ZAG (10): 14.1515
VORTEX (21): 0.8775
Stochastique (14,3,5): 6.40
TEMA (21): 14.1788
Williams %R (14): -86.81
Chande Momentum Oscillator (20): -0.7084
Repulse (5,40,3): -0.2900
ROCnROLL: 2
TRIX (15,9): -0.0254
Courbe Coppock: 7.70
MA7: 14.2411
MA20: 14.5599
MA50: 14.4727
MA100: 14.3282
MAexp7: 14.2443
MAexp20: 14.4193
MAexp50: 14.4310
MAexp100: 14.3446
Price / MA7: -0.53%
Price / MA20: -2.71%
Price / MA50: -2.12%
Price / MA100: -1.14%
Price / MAexp7: -0.55%
Price / MAexp20: -1.76%
Price / MAexp50: -1.84%
Price / MAexp100: -1.25%

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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