AUD/ZAR - 1H - Technical analysis published on 05/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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
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.
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:
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:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 11.6407 | 11.7129 | 11.8021 | 11.8743 | 11.9635 | 12.0357 | 12.1249 |
Camarilla | 11.8469 | 11.8617 | 11.8765 | 11.8913 | 11.9061 | 11.9209 | 11.9357 |
Woodie | 11.6492 | 11.7172 | 11.8106 | 11.8786 | 11.9720 | 12.0400 | 12.1334 |
Fibonacci | 11.7129 | 11.7746 | 11.8126 | 11.8743 | 11.9360 | 11.9741 | 12.0357 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.3570 | 11.5730 | 11.8241 | 12.0401 | 12.2912 | 12.5072 | 12.7583 |
Camarilla | 11.9468 | 11.9896 | 12.0324 | 12.0752 | 12.1180 | 12.1608 | 12.2037 |
Woodie | 11.3746 | 11.5818 | 11.8417 | 12.0489 | 12.3088 | 12.5160 | 12.7759 |
Fibonacci | 11.5730 | 11.7514 | 11.8617 | 12.0401 | 12.2185 | 12.3288 | 12.5072 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.7430 | 10.2870 | 11.1681 | 11.7121 | 12.5932 | 13.1372 | 14.0183 |
Camarilla | 11.6573 | 11.7879 | 11.9186 | 12.0492 | 12.1798 | 12.3105 | 12.4411 |
Woodie | 9.9116 | 10.3713 | 11.3367 | 11.7964 | 12.7618 | 13.2215 | 14.1869 |
Fibonacci | 10.2870 | 10.8314 | 11.1677 | 11.7121 | 12.2565 | 12.5928 | 13.1372 |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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