Londinia Opportunities Analyses - 01/26/2023 (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 |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 5.7982 USD
My targets
5.9000 USD (+1.16%)
5.9313 USD (+1.69%)
My analysis
The bullish trend is currently very strong on ZAR/USD (X100) FULL0323. As long as the price remains above the support at 5.7982 USD, you could try to benefit from the boom. The first bullish objective is located at 5.9000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.9313 USD as an objective. Crossing it would then enable buyers to target 5.9525 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
ZAR/USD (X100) FULL0323 rating 5.8325 USD. The price has increased by +0.34% since the last closing and was traded between 5.8150 USD and 5.8325 USD over the period. The price is currently at +0.30% from its lowest and 0% from its highest.5.8150
5.8325
5.8325
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 ZAR/USD (X100) FULL0323 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.7300 | 5.7702 | 5.7982 | 5.8325 | 5.8352 | 5.9000 | 5.9313 |
| Change (%) | -1.76% | -1.07% | -0.59% | - | +0.05% | +1.16% | +1.69% |
| Change | -0.1025 | -0.0623 | -0.0343 | - | +0.0027 | +0.0675 | +0.0988 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7217 | 5.7458 | 5.7792 | 5.8033 | 5.8367 | 5.8608 | 5.8942 |
| Camarilla | 5.7967 | 5.8020 | 5.8072 | 5.8125 | 5.8178 | 5.8230 | 5.8283 |
| Woodie | 5.7263 | 5.7481 | 5.7838 | 5.8056 | 5.8413 | 5.8631 | 5.8988 |
| Fibonacci | 5.7458 | 5.7678 | 5.7814 | 5.8033 | 5.8253 | 5.8389 | 5.8608 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4950 | 5.6125 | 5.7125 | 5.8300 | 5.9300 | 6.0475 | 6.1475 |
| Camarilla | 5.7527 | 5.7726 | 5.7926 | 5.8125 | 5.8324 | 5.8524 | 5.8723 |
| Woodie | 5.4863 | 5.6081 | 5.7038 | 5.8256 | 5.9213 | 6.0431 | 6.1388 |
| Fibonacci | 5.6125 | 5.6956 | 5.7469 | 5.8300 | 5.9131 | 5.9644 | 6.0475 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3158 | 5.4517 | 5.6483 | 5.7842 | 5.9808 | 6.1167 | 6.3133 |
| Camarilla | 5.7536 | 5.7840 | 5.8145 | 5.8450 | 5.8755 | 5.9060 | 5.9364 |
| Woodie | 5.3463 | 5.4669 | 5.6788 | 5.7994 | 6.0113 | 6.1319 | 6.3438 |
| Fibonacci | 5.4517 | 5.5787 | 5.6572 | 5.7842 | 5.9112 | 5.9897 | 6.1167 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.38 | |
| MACD (12,26,9): | 0.0088 | |
| Directional Movement: | 21.4418 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5.8229 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8275 | |
| Elder Ray (13): | 0.0057 | |
| Super Trend (3,10): | 5.8010 | |
| Zig ZAG (10): | 5.8250 | |
| VORTEX (21): | 1.0366 | |
| Stochastique (14,3,5): | 87.42 | |
| TEMA (21): | 5.8282 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0225 | |
| Repulse (5,40,3): | 0.0916 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0202 | |
| Courbe Coppock: | 0.96 |
| MA7: | 5.8021 | |
| MA20: | 5.8425 | |
| MA50: | 5.7838 | |
| MA100: | 5.6560 | |
| MAexp7: | 5.8213 | |
| MAexp20: | 5.8119 | |
| MAexp50: | 5.8025 | |
| MAexp100: | 5.8041 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.49% |
Quotes :
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10 min delayed data
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Futures CME Globex