AUD/ZAR - 1H - Technical analysis published on 04/17/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 11.6825 ZAR
My targets
-
My analysis
The bullish trend is currently very strong on AUD/ZAR. As long as the price remains above the support at 11.6825 ZAR, you could try to benefit from the boom. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/ZAR rating 11.9049 ZAR. The price has increased by +0.27% since the last closing and was traded between 11.8345 ZAR and 11.9536 ZAR over the period. The price is currently at +0.59% from its lowest and -0.41% from its highest.11.8345
11.9536
11.9049
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 11.2094 | 11.3927 | 11.6825 | 11.9049 | 11.9115 |
| Change (%) | -5.84% | -4.30% | -1.87% | - | +0.06% |
| Change | -0.6955 | -0.5122 | -0.2224 | - | +0.0066 |
| Level | Minor | Intermediate | Minor | - | Major |
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 | 11.4166 | 11.5495 | 11.7113 | 11.8442 | 12.0060 | 12.1389 | 12.3007 |
| Camarilla | 11.7920 | 11.8190 | 11.8460 | 11.8730 | 11.9000 | 11.9270 | 11.9540 |
| Woodie | 11.4310 | 11.5567 | 11.7257 | 11.8514 | 12.0204 | 12.1461 | 12.3151 |
| Fibonacci | 11.5495 | 11.6621 | 11.7317 | 11.8442 | 11.9568 | 12.0264 | 12.1389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0687 | 9.1499 | 9.2190 | 9.3002 | 9.3693 | 9.4505 | 9.5196 |
| Camarilla | 9.2469 | 9.2607 | 9.2744 | 9.2882 | 9.3020 | 9.3158 | 9.3295 |
| Woodie | 9.0628 | 9.1469 | 9.2131 | 9.2972 | 9.3634 | 9.4475 | 9.5137 |
| Fibonacci | 9.1499 | 9.2073 | 9.2428 | 9.3002 | 9.3576 | 9.3931 | 9.4505 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3105 | 8.9263 | 9.9363 | 10.5521 | 11.5621 | 12.1779 | 13.1879 |
| Camarilla | 10.4993 | 10.6483 | 10.7974 | 10.9464 | 11.0954 | 11.2445 | 11.3935 |
| Woodie | 8.5077 | 9.0249 | 10.1335 | 10.6507 | 11.7593 | 12.2765 | 13.3851 |
| Fibonacci | 8.9263 | 9.5473 | 9.9310 | 10.5521 | 11.1731 | 11.5568 | 12.1779 |
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): | 58.45 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 3.5851 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 11.9234 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9584 | |
| Elder Ray (13): | 0.0148 | |
| Super Trend (3,10): | 11.7788 | |
| Zig ZAG (10): | 11.9232 | |
| VORTEX (21): | 1.1185 | |
| Stochastique (14,3,5): | 61.29 | |
| TEMA (21): | 11.9248 | |
| Williams %R (14): | -39.06 | |
| Chande Momentum Oscillator (20): | 0.0434 | |
| Repulse (5,40,3): | 0.0730 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0391 | |
| Courbe Coppock: | 0.08 |
| MA7: | 11.4927 | |
| MA20: | 11.1867 | |
| MA50: | 10.5495 | |
| MA100: | 10.2288 | |
| MAexp7: | 11.9013 | |
| MAexp20: | 11.8838 | |
| MAexp50: | 11.8261 | |
| MAexp100: | 11.7397 | |
| Price / MA7: | +3.59% | |
| Price / MA20: | +6.42% | |
| Price / MA50: | +12.85% | |
| Price / MA100: | +16.39% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +1.41% |
This member declared not having a position on this financial instrument or a related financial instrument.
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