AUD/ZAR - 1H - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 12.3118 ZAR
My targets
12.1957 ZAR (-0.0303)
12.1185 ZAR (-0.1075)
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 12.3118 ZAR. The sellers” bearish objective is set at 12.1957 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.1185 ZAR. In case of crossing, the next objective would be the support located at 11.9115 ZAR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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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 rating is 12.2260 ZAR. On the day, this instrument lost -0.46% with the lowest point at 12.2160 ZAR and the highest point at 12.3359 ZAR. The deviation from the price is +0.08% for the low point and -0.89% for the high point.12.2160
12.3359
12.2260
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.4969 | 11.9115 | 12.1957 | 12.2260 | 12.3118 | 12.4646 | 12.5405 |
| Change (%) | -5.96% | -2.57% | -0.25% | - | +0.70% | +1.95% | +2.57% |
| Change | -0.7291 | -0.3145 | -0.0303 | - | +0.0858 | +0.2386 | +0.3145 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 11.9831 | 12.1050 | 12.1936 | 12.3155 | 12.4041 | 12.5260 | 12.6146 |
| Camarilla | 12.2242 | 12.2435 | 12.2628 | 12.2821 | 12.3014 | 12.3207 | 12.3400 |
| Woodie | 11.9664 | 12.0967 | 12.1769 | 12.3072 | 12.3874 | 12.5177 | 12.5979 |
| Fibonacci | 12.1050 | 12.1854 | 12.2351 | 12.3155 | 12.3959 | 12.4456 | 12.5260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6828 | 11.9549 | 12.1185 | 12.3906 | 12.5542 | 12.8263 | 12.9899 |
| Camarilla | 12.1623 | 12.2022 | 12.2422 | 12.2821 | 12.3220 | 12.3620 | 12.4019 |
| Woodie | 11.6286 | 11.9278 | 12.0643 | 12.3635 | 12.5000 | 12.7992 | 12.9357 |
| Fibonacci | 11.9549 | 12.1213 | 12.2242 | 12.3906 | 12.5570 | 12.6599 | 12.8263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1365 | 11.3644 | 11.7799 | 12.0078 | 12.4233 | 12.6512 | 13.0667 |
| Camarilla | 12.0184 | 12.0773 | 12.1363 | 12.1953 | 12.2543 | 12.3133 | 12.3722 |
| Woodie | 11.2302 | 11.4113 | 11.8736 | 12.0547 | 12.5170 | 12.6981 | 13.1604 |
| Fibonacci | 11.3644 | 11.6102 | 11.7621 | 12.0078 | 12.2536 | 12.4055 | 12.6512 |
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): | 28.26 | |
| MACD (12,26,9): | -0.0279 | |
| Directional Movement: | -10.4363 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 12.2490 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.3288 | |
| Elder Ray (13): | -0.0382 | |
| Super Trend (3,10): | 12.3282 | |
| Zig ZAG (10): | 12.2475 | |
| VORTEX (21): | 0.8280 | |
| Stochastique (14,3,5): | 23.27 | |
| TEMA (21): | 12.2462 | |
| Williams %R (14): | -85.26 | |
| Chande Momentum Oscillator (20): | -0.0428 | |
| Repulse (5,40,3): | -0.1930 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0344 | |
| Courbe Coppock: | 0.28 |
| MA7: | 12.4290 | |
| MA20: | 12.3731 | |
| MA50: | 12.0307 | |
| MA100: | 11.9150 | |
| MAexp7: | 12.2613 | |
| MAexp20: | 12.2796 | |
| MAexp50: | 12.3335 | |
| MAexp100: | 12.3908 | |
| Price / MA7: | -1.63% | |
| Price / MA20: | -1.19% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.33% |
Quotes :
2020-08-24 08:15:21
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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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