AUD/ZAR - 1H - Technical analysis published on 07/21/2020 (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:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 11.7131 ZAR
My targets
11.6486 ZAR (-0.0221)
11.6280 ZAR (-0.0427)
My analysis
In the short term, we can see an acceleration in the bearish trend on AUD/ZAR, which is a positive signal for sellers. As long as the price remains above 11.7131 ZAR, a sale could be considered. The first bearish objective is located at 11.6486 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.6280 ZAR as an objective. Crossing it would then enable sellers to target 11.5938 ZAR. If the price were to return above 11.7131 ZAR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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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 11.6707 ZAR. The price is lower by -0.02% since the last closing with the lowest point at 11.6418 ZAR and the highest point at 11.6981 ZAR. The deviation from the price is +0.25% for the low point and -0.23% for the high point.11.6418
11.6981
11.6707
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 11.5938 | 11.6280 | 11.6486 | 11.6707 | 11.7131 | 11.7409 | 11.7997 |
| Change (%) | -0.66% | -0.37% | -0.19% | - | +0.36% | +0.60% | +1.11% |
| Change | -0.0769 | -0.0427 | -0.0221 | - | +0.0424 | +0.0702 | +0.1290 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | 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 | 11.5625 | 11.6005 | 11.6365 | 11.6745 | 11.7105 | 11.7485 | 11.7845 |
| Camarilla | 11.6522 | 11.6589 | 11.6657 | 11.6725 | 11.6793 | 11.6861 | 11.6929 |
| Woodie | 11.5615 | 11.6000 | 11.6355 | 11.6740 | 11.7095 | 11.7480 | 11.7835 |
| Fibonacci | 11.6005 | 11.6288 | 11.6462 | 11.6745 | 11.7028 | 11.7202 | 11.7485 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4848 | 11.5386 | 11.6064 | 11.6602 | 11.7280 | 11.7818 | 11.8496 |
| Camarilla | 11.6408 | 11.6519 | 11.6631 | 11.6742 | 11.6854 | 11.6965 | 11.7076 |
| Woodie | 11.4918 | 11.5421 | 11.6134 | 11.6637 | 11.7350 | 11.7853 | 11.8566 |
| Fibonacci | 11.5386 | 11.5851 | 11.6138 | 11.6602 | 11.7067 | 11.7354 | 11.7818 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.66 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -5.3325 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 11.6687 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.6997 | |
| Elder Ray (13): | -0.0135 | |
| Super Trend (3,10): | 11.6256 | |
| Zig ZAG (10): | 11.6624 | |
| VORTEX (21): | 0.9857 | |
| Stochastique (14,3,5): | 45.15 | |
| TEMA (21): | 11.6662 | |
| Williams %R (14): | -46.54 | |
| Chande Momentum Oscillator (20): | -0.0069 | |
| Repulse (5,40,3): | 0.1049 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0023 | |
| Courbe Coppock: | 0.29 |
| MA7: | 11.6684 | |
| MA20: | 11.7735 | |
| MA50: | 11.7664 | |
| MA100: | 11.4910 | |
| MAexp7: | 11.6690 | |
| MAexp20: | 11.6708 | |
| MAexp50: | 11.6722 | |
| MAexp100: | 11.6745 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | +1.56% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.03% |
Quotes :
2020-07-21 08:02:39
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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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