AUD/ZAR - 1H - Technical analysis published on 07/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 11.7909 ZAR
My targets
11.6570 ZAR (-0.0859)
11.5237 ZAR (-0.2192)
My analysis
The bearish trend is currently very strong for AUD/ZAR. As long as the price remains below the resistance at 11.7909 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.6570 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.5237 ZAR as an objective. Crossing it would then enable sellers to target 11.4887 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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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 11.7429 ZAR. The price is lower by -0.38% since the last closing and was traded between 11.6855 ZAR and 11.8079 ZAR over the period. The price is currently at +0.49% from its lowest and -0.55% from its highest.11.6855
11.8079
11.7429
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/ZAR:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. 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 under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 9.9485 | 10.4596 | 11.4887 | 11.7429 | 11.7909 | 11.9115 | 11.9948 |
| Change (%) | -15.28% | -10.93% | -2.16% | - | +0.41% | +1.44% | +2.15% |
| Change | -1.7944 | -1.2833 | -0.2542 | - | +0.0480 | +0.1686 | +0.2519 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | 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 | 11.4890 | 11.6317 | 11.7094 | 11.8521 | 11.9298 | 12.0725 | 12.1502 |
| Camarilla | 11.7266 | 11.7468 | 11.7670 | 11.7872 | 11.8074 | 11.8276 | 11.8478 |
| Woodie | 11.4566 | 11.6155 | 11.6770 | 11.8359 | 11.8974 | 12.0563 | 12.1178 |
| Fibonacci | 11.6317 | 11.7159 | 11.7679 | 11.8521 | 11.9363 | 11.9883 | 12.0725 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5237 | 11.6570 | 11.7649 | 11.8982 | 12.0061 | 12.1394 | 12.2473 |
| Camarilla | 11.8064 | 11.8285 | 11.8506 | 11.8727 | 11.8948 | 11.9169 | 11.9390 |
| Woodie | 11.5109 | 11.6507 | 11.7521 | 11.8919 | 11.9933 | 12.1331 | 12.2345 |
| Fibonacci | 11.6570 | 11.7492 | 11.8061 | 11.8982 | 11.9904 | 12.0473 | 12.1394 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0359 | 11.2479 | 11.6076 | 11.8196 | 12.1793 | 12.3913 | 12.7510 |
| Camarilla | 11.8101 | 11.8625 | 11.9149 | 11.9673 | 12.0197 | 12.0721 | 12.1245 |
| Woodie | 11.1098 | 11.2848 | 11.6815 | 11.8565 | 12.2532 | 12.4282 | 12.8249 |
| Fibonacci | 11.2479 | 11.4663 | 11.6012 | 11.8196 | 12.0380 | 12.1729 | 12.3913 |
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): | 32.68 | |
| MACD (12,26,9): | -0.0346 | |
| Directional Movement: | -10.8320 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 11.7134 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.6870 | |
| Elder Ray (13): | -0.0164 | |
| Super Trend (3,10): | 11.7890 | |
| Zig ZAG (10): | 11.7324 | |
| VORTEX (21): | 0.8719 | |
| Stochastique (14,3,5): | 39.17 | |
| TEMA (21): | 11.7070 | |
| Williams %R (14): | -57.51 | |
| Chande Momentum Oscillator (20): | -0.0518 | |
| Repulse (5,40,3): | 0.0311 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0470 | |
| Courbe Coppock: | 1.08 |
| MA7: | 11.8571 | |
| MA20: | 11.8103 | |
| MA50: | 11.8389 | |
| MA100: | 11.2734 | |
| MAexp7: | 11.7339 | |
| MAexp20: | 11.7604 | |
| MAexp50: | 11.8148 | |
| MAexp100: | 11.8491 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | +4.16% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -0.89% |
Quotes :
2020-07-02 16:01:40
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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