Londinia Opportunities Analyses - 01/27/2023 (GMT) JPY/ZAR - 1H
- 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 0.13242 ZAR
My targets
0.13362 ZAR (+0.00089)
0.13430 ZAR (+0.00157)
My analysis
The bullish trend is currently very strong on JPY/ZAR. As long as the price remains above the support at 0.13242 ZAR, you could try to benefit from the boom. The first bullish objective is located at 0.13362 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.13430 ZAR as an objective. Crossing it would then enable buyers to target 0.13480 ZAR. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The JPY/ZAR rating is 0.13273 ZAR. On the day, this instrument gained +0.32% and was traded between 0.13222 ZAR and 0.13280 ZAR over the period. The price is currently at +0.39% from its lowest and -0.05% from its highest.0.13222
0.13280
0.13273
Here is a more detailed summary of the historical variations registered by JPY/ZAR:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/ZAR chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong 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:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.13096 | 0.13156 | 0.13265 | 0.13273 | 0.13362 | 0.13430 | 0.13480 |
| Change (%) | -1.33% | -0.88% | -0.06% | - | +0.67% | +1.18% | +1.56% |
| Change | -0.00177 | -0.00117 | -0.00008 | - | +0.00089 | +0.00157 | +0.00207 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 0.12963 | 0.13030 | 0.13130 | 0.13197 | 0.13297 | 0.13364 | 0.13464 |
| Camarilla | 0.13185 | 0.13200 | 0.13216 | 0.13231 | 0.13246 | 0.13262 | 0.13277 |
| Woodie | 0.12981 | 0.13038 | 0.13148 | 0.13205 | 0.13315 | 0.13372 | 0.13482 |
| Fibonacci | 0.13030 | 0.13094 | 0.13133 | 0.13197 | 0.13261 | 0.13300 | 0.13364 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12432 | 0.12711 | 0.12963 | 0.13242 | 0.13494 | 0.13773 | 0.14025 |
| Camarilla | 0.13068 | 0.13117 | 0.13165 | 0.13214 | 0.13263 | 0.13311 | 0.13360 |
| Woodie | 0.12418 | 0.12704 | 0.12949 | 0.13235 | 0.13480 | 0.13766 | 0.14011 |
| Fibonacci | 0.12711 | 0.12914 | 0.13040 | 0.13242 | 0.13445 | 0.13571 | 0.13773 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11751 | 0.12115 | 0.12545 | 0.12909 | 0.13339 | 0.13703 | 0.14133 |
| Camarilla | 0.12758 | 0.12830 | 0.12903 | 0.12976 | 0.13049 | 0.13122 | 0.13194 |
| Woodie | 0.11785 | 0.12132 | 0.12579 | 0.12926 | 0.13373 | 0.13720 | 0.14167 |
| Fibonacci | 0.12115 | 0.12418 | 0.12605 | 0.12909 | 0.13212 | 0.13399 | 0.13703 |
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): | 62.01 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 8.51111 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.13255 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.13196 | |
| Elder Ray (13): | 0.00016 | |
| Super Trend (3,10): | 0.13164 | |
| Zig ZAG (10): | 0.13273 | |
| VORTEX (21): | 1.1377 | |
| Stochastique (14,3,5): | 82.81 | |
| TEMA (21): | 0.13269 | |
| Williams %R (14): | -9.47 | |
| Chande Momentum Oscillator (20): | 0.00066 | |
| Repulse (5,40,3): | 0.1877 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0102 | |
| Courbe Coppock: | 0.98 |
| MA7: | 0.13258 | |
| MA20: | 0.13098 | |
| MA50: | 0.12843 | |
| MA100: | 0.12580 | |
| MAexp7: | 0.13260 | |
| MAexp20: | 0.13237 | |
| MAexp50: | 0.13225 | |
| MAexp100: | 0.13225 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +3.35% | |
| Price / MA100: | +5.51% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
Real time data
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Forex