AUD/ZAR
AUD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDZAR
ISIN:

AUD/ZAR - 1H - Technical analysis published on 05/06/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 11.8601 ZAR
My targets
11.7871 ZAR (-0.0503)
11.5730 ZAR (-0.2644)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/ZAR as long as the price remains well below 11.8601 ZAR. The next bearish objective for sellers is set at 11.7871 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.5730 ZAR. If there is any crossing, the next objective would be the support located at 11.0230 ZAR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/ZAR price is 11.8374 ZAR. On the day, this instrument lost -0.45% and was between 11.8197 ZAR and 11.9383 ZAR. This implies that the price is at +0.15% from its lowest and at -0.85% from its highest.

11.8197
11.9383
11.8374

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 AUD/ZAR chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.4717 11.0230 11.7871 11.8374 11.8601 11.9115 12.0548
Change (%) -11.54% -6.88% -0.42% - +0.19% +0.63% +1.84%
Change -1.3657 -0.8144 -0.0503 - +0.0227 +0.0741 +0.2174
Level Major Intermediate Major - Minor Major Minor



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
Standard11.640711.712911.802111.874311.963512.035712.1249
Camarilla11.846911.861711.876511.891311.906111.920911.9357
Woodie11.649211.717211.810611.878611.972012.040012.1334
Fibonacci11.712911.774611.812611.874311.936011.974112.0357


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.357011.573011.824112.040112.291212.507212.7583
Camarilla11.946811.989612.032412.075212.118012.160812.2037
Woodie11.374611.581811.841712.048912.308812.516012.7759
Fibonacci11.573011.751411.861712.040112.218512.328812.5072


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.743010.287011.168111.712112.593213.137214.0183
Camarilla11.657311.787911.918612.049212.179812.310512.4411
Woodie9.911610.371311.336711.796412.761813.221514.1869
Fibonacci10.287010.831411.167711.712112.256512.592813.1372

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): 45.42
MACD (12,26,9): -0.0052
Directional Movement: -6.0016
AROON (14): -92.8571
DEMA (21): 11.8889
Parabolic SAR (0,02-0,02-0,2): 11.9452
Elder Ray (13): -0.0092
Super Trend (3,10): 11.9726
Zig ZAG (10): 11.8792
VORTEX (21): 1.0825
Stochastique (14,3,5): 34.66
TEMA (21): 11.9042
Williams %R (14): -95.33
Chande Momentum Oscillator (20): -0.0222
Repulse (5,40,3): -0.4600
ROCnROLL: 2
TRIX (15,9): -0.0085
Courbe Coppock: 0.23
MA7: 11.9639
MA20: 11.8961
MA50: 11.0672
MA100: 10.4915
MAexp7: 11.8900
MAexp20: 11.8980
MAexp50: 11.9263
MAexp100: 11.9636
Price / MA7: -1.06%
Price / MA20: -0.49%
Price / MA50: +6.96%
Price / MA100: +12.83%
Price / MAexp7: -0.44%
Price / MAexp20: -0.51%
Price / MAexp50: -0.75%
Price / MAexp100: -1.05%

This member declared not having a position on this financial instrument or a related financial instrument.

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