AUD/ZAR - 1H - Technical analysis published on 10/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 12.0273 ZAR
My targets
11.9592 ZAR (-0.0233)
11.9228 ZAR (-0.0597)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12.0273 ZAR remains possible. It is advisable to trade AUD/ZAR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12.0273 ZAR. The next bearish objective for sellers is set at 11.9592 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.9228 ZAR. In case of crossing, the next objective would be the support located at 11.8915 ZAR. PS: if there is a bullish break in the resistance located at 12.0273 ZAR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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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 11.9825 ZAR. The price registered a decrease of -0.14% on the session and was between 11.9051 ZAR and 12.0203 ZAR. This implies that the price is at +0.65% from its lowest and at -0.31% from its highest.11.9051
12.0203
11.9825
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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance 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 | 11.8915 | 11.9228 | 11.9592 | 11.9825 | 12.0273 | 12.1049 | 12.1957 |
| Change (%) | -0.76% | -0.50% | -0.19% | - | +0.37% | +1.02% | +1.78% |
| Change | -0.0910 | -0.0597 | -0.0233 | - | +0.0448 | +0.1224 | +0.2132 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7305 | 11.8267 | 11.9129 | 12.0091 | 12.0953 | 12.1915 | 12.2777 |
| Camarilla | 11.9490 | 11.9658 | 11.9825 | 11.9992 | 12.0159 | 12.0326 | 12.0494 |
| Woodie | 11.7256 | 11.8242 | 11.9080 | 12.0066 | 12.0904 | 12.1890 | 12.2728 |
| Fibonacci | 11.8267 | 11.8963 | 11.9394 | 12.0091 | 12.0787 | 12.1218 | 12.1915 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4398 | 11.6410 | 11.8364 | 12.0376 | 12.2330 | 12.4342 | 12.6296 |
| Camarilla | 11.9228 | 11.9592 | 11.9956 | 12.0319 | 12.0683 | 12.1046 | 12.1410 |
| Woodie | 11.4370 | 11.6396 | 11.8336 | 12.0362 | 12.2302 | 12.4328 | 12.6268 |
| Fibonacci | 11.6410 | 11.7925 | 11.8861 | 12.0376 | 12.1891 | 12.2827 | 12.4342 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.9152 | 11.3368 | 11.6680 | 12.0896 | 12.4208 | 12.8424 | 13.1736 |
| Camarilla | 11.7922 | 11.8612 | 11.9302 | 11.9992 | 12.0682 | 12.1372 | 12.2062 |
| Woodie | 10.8700 | 11.3142 | 11.6228 | 12.0670 | 12.3756 | 12.8198 | 13.1284 |
| Fibonacci | 11.3368 | 11.6244 | 11.8020 | 12.0896 | 12.3772 | 12.5548 | 12.8424 |
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): | 53.15 | |
| MACD (12,26,9): | -0.0104 | |
| Directional Movement: | 1.3881 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 11.9512 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9119 | |
| Elder Ray (13): | 0.0145 | |
| Super Trend (3,10): | 12.0348 | |
| Zig ZAG (10): | 11.9806 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 56.54 | |
| TEMA (21): | 11.9581 | |
| Williams %R (14): | -34.90 | |
| Chande Momentum Oscillator (20): | 0.0127 | |
| Repulse (5,40,3): | 0.1545 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0209 | |
| Courbe Coppock: | 0.35 |
| MA7: | 12.0342 | |
| MA20: | 12.0595 | |
| MA50: | 12.2076 | |
| MA100: | 11.9849 | |
| MAexp7: | 11.9626 | |
| MAexp20: | 11.9693 | |
| MAexp50: | 11.9971 | |
| MAexp100: | 12.0158 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -1.84% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.28% |
Quotes :
2020-10-01 16:19:24
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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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