AUD/ZAR - 1H - Technical analysis published on 10/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 11.6066 ZAR
My targets
11.6616 ZAR (+0.0462)
11.7795 ZAR (+0.1641)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on AUD/ZAR as long as the price remains well above 11.6066 ZAR. The buyers” bullish objective is set at 11.6616 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.7795 ZAR. If there is any crossing, the next objective would be the resistance located at 11.8223 ZAR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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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 11.6154 ZAR. The price has increased by +0.47% since the last closing and was between 11.5425 ZAR and 11.6311 ZAR. This implies that the price is at +0.63% from its lowest and at -0.13% from its highest.11.5425
11.6311
11.6154
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Technical
Technical analysis of AUD/ZAR in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 11.0877 | 11.4969 | 11.6068 | 11.6154 | 11.6616 | 11.7795 | 11.8223 |
| Change (%) | -4.54% | -1.02% | -0.07% | - | +0.40% | +1.41% | +1.78% |
| Change | -0.5277 | -0.1185 | -0.0086 | - | +0.0462 | +0.1641 | +0.2069 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
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 | 11.4250 | 11.4704 | 11.5160 | 11.5614 | 11.6070 | 11.6524 | 11.6980 |
| Camarilla | 11.5366 | 11.5449 | 11.5533 | 11.5616 | 11.5699 | 11.5783 | 11.5866 |
| Woodie | 11.4251 | 11.4705 | 11.5161 | 11.5615 | 11.6071 | 11.6525 | 11.6981 |
| Fibonacci | 11.4704 | 11.5052 | 11.5266 | 11.5614 | 11.5962 | 11.6176 | 11.6524 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2423 | 11.3787 | 11.4702 | 11.6066 | 11.6981 | 11.8345 | 11.9260 |
| Camarilla | 11.4989 | 11.5198 | 11.5407 | 11.5616 | 11.5825 | 11.6034 | 11.6243 |
| Woodie | 11.2198 | 11.3675 | 11.4477 | 11.5954 | 11.6756 | 11.8233 | 11.9035 |
| Fibonacci | 11.3787 | 11.4658 | 11.5196 | 11.6066 | 11.6937 | 11.7475 | 11.8345 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.92 | |
| MACD (12,26,9): | 0.0091 | |
| Directional Movement: | 8.3549 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 11.5885 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5551 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 11.6153 | |
| Zig ZAG (10): | 11.6073 | |
| VORTEX (21): | 1.0801 | |
| Stochastique (14,3,5): | 74.74 | |
| TEMA (21): | 11.6077 | |
| Williams %R (14): | -16.09 | |
| Chande Momentum Oscillator (20): | 0.0440 | |
| Repulse (5,40,3): | 0.2179 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.74 |
| MA7: | 11.6199 | |
| MA20: | 11.7958 | |
| MA50: | 12.0214 | |
| MA100: | 11.9912 | |
| MAexp7: | 11.6015 | |
| MAexp20: | 11.5752 | |
| MAexp50: | 11.5741 | |
| MAexp100: | 11.5995 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -3.38% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.14% |
Quotes :
2020-10-26 11:30:22
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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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