Londinia Opportunities Analyses - 06/24/2022 (GMT) ZAR/USD (X100) FULL0624 - 1H
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USD
(-)
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | ZARUSDXXXX |
| ISIN: | ZARUSDXXXX |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 6.2125 USD
My targets
6.2525 USD (+0.40%)
6.2724 USD (+0.72%)
My analysis
The bullish trend is currently very strong on ZAR/USD (X100) FULL0922. As long as the price remains above the support at 6.2125 USD, you could try to benefit from the boom. The first bullish objective is located at 6.2525 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.2724 USD as an objective. Crossing it would then enable buyers to target 6.2975 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ZAR/USD (X100) FULL0922 rating is 6.2275 USD. The price registered an increase of +0.48% on the session with the lowest point at 6.1975 USD and the highest point at 6.2300 USD. The deviation from the price is +0.48% for the low point and -0.04% for the high point.6.1975
6.2300
6.2275
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ZAR/USD (X100) FULL0922 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.1625 | 6.1900 | 6.2125 | 6.2275 | 6.2280 | 6.2525 | 6.2724 |
| Change (%) | -1.04% | -0.60% | -0.24% | - | +0.01% | +0.40% | +0.72% |
| Change | -0.0650 | -0.0375 | -0.0150 | - | +0.0005 | +0.0250 | +0.0449 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
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 | 6.1233 | 6.1492 | 6.1733 | 6.1992 | 6.2233 | 6.2492 | 6.2733 |
| Camarilla | 6.1838 | 6.1883 | 6.1929 | 6.1975 | 6.2021 | 6.2067 | 6.2113 |
| Woodie | 6.1225 | 6.1488 | 6.1725 | 6.1988 | 6.2225 | 6.2488 | 6.2725 |
| Fibonacci | 6.1492 | 6.1683 | 6.1801 | 6.1992 | 6.2183 | 6.2301 | 6.2492 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9017 | 6.0058 | 6.0892 | 6.1933 | 6.2767 | 6.3808 | 6.4642 |
| Camarilla | 6.1209 | 6.1381 | 6.1553 | 6.1725 | 6.1897 | 6.2069 | 6.2241 |
| Woodie | 5.8913 | 6.0006 | 6.0788 | 6.1881 | 6.2663 | 6.3756 | 6.4538 |
| Fibonacci | 6.0058 | 6.0775 | 6.1217 | 6.1933 | 6.2650 | 6.3092 | 6.3808 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7775 | 5.9100 | 6.1325 | 6.2650 | 6.4875 | 6.6200 | 6.8425 |
| Camarilla | 6.2574 | 6.2899 | 6.3225 | 6.3550 | 6.3875 | 6.4201 | 6.4526 |
| Woodie | 5.8225 | 5.9325 | 6.1775 | 6.2875 | 6.5325 | 6.6425 | 6.8875 |
| Fibonacci | 5.9100 | 6.0456 | 6.1294 | 6.2650 | 6.4006 | 6.4844 | 6.6200 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.65 | |
| MACD (12,26,9): | 0.0056 | |
| Directional Movement: | 7.1449 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.2230 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1910 | |
| Elder Ray (13): | 0.0078 | |
| Super Trend (3,10): | 6.1925 | |
| Zig ZAG (10): | 6.2275 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 78.63 | |
| TEMA (21): | 6.2270 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.0300 | |
| Repulse (5,40,3): | 0.1667 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0094 | |
| Courbe Coppock: | 0.74 |
| MA7: | 6.1986 | |
| MA20: | 6.2830 | |
| MA50: | 6.2612 | |
| MA100: | 6.4019 | |
| MAexp7: | 6.2232 | |
| MAexp20: | 6.2165 | |
| MAexp50: | 6.2101 | |
| MAexp100: | 6.2091 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | -2.72% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.30% |
Quotes :
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10 min delayed data
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Futures CME Globex