For 8/4/2016 the closing price was 13.8405.
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 14.72.
The projected upper bound is: 14.43.
The projected lower bound is: 13.18.
The projected closing price is: 13.81.
Rex Takasugi – TD Profile Analysis of FOREX ZAR= (ZAR=) as of 8/4/2016
FOREX ZAR= closed down -0.062 at 13.840. Volume was 63% below average (consolidating) and Bollinger Bands were 34% narrower than normal.
Open High Low Close Volume___
13.898 13.962 13.810 13.840 10,762
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 14.09 14.71 15.08
Volatility: 14 27 25
Volume: 24,670 33,881 23,267
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX ZAR= is currently 8.2% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of ZAR= (mildly bearish). Our trend forecasting oscillators are currently bearish on ZAR= and have had this outlook for the last 40 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
Candlesticks Review of FOREX ZAR= (ZAR=) as of 8/4/2016
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
Momentum Indicators Review of FOREX ZAR= (ZAR=) as of 8/4/2016
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.0652. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 35.24. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 55 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -116.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 9 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.
Latest posts by HEFFX Australia (see all)
- Yowie Group Ltd (ASX:YOW) Heffx Trading Outlook - January 16, 2017
- Class Ltd (ASX:CL1) Heffx Trading Outlook - January 16, 2017
- Computershare Limited (ASX:CPU) Look out for a Bearish Divergence - January 16, 2017