AUD/ZAR - 1H - Technical analysis published on 11/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 11.2809 ZAR
My targets
11.1999 ZAR (-0.0293)
11.1570 ZAR (-0.0722)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/ZAR. As long as you are under the resistance located at 11.2809 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.1999 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11.1570 ZAR as an objective. Crossing it would then enable sellers to target 11.0525 ZAR. If the resistance 11.2809 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
0.5
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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 11.2292 ZAR. On the day, this instrument gained +0.16% and was between 11.2036 ZAR and 11.2406 ZAR. This implies that the price is at +0.23% from its lowest and at -0.10% from its highest.11.2036
11.2406
11.2292
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is bearish. 71.43% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 11.0525 | 11.1570 | 11.1999 | 11.2292 | 11.2809 | 11.3333 | 11.4417 |
| Change (%) | -1.57% | -0.64% | -0.26% | - | +0.46% | +0.93% | +1.89% |
| Change | -0.1767 | -0.0722 | -0.0293 | - | +0.0517 | +0.1041 | +0.2125 |
| Level | Major | Minor | 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 | 11.0179 | 11.1053 | 11.1583 | 11.2457 | 11.2987 | 11.3861 | 11.4391 |
| Camarilla | 11.1726 | 11.1855 | 11.1983 | 11.2112 | 11.2241 | 11.2369 | 11.2498 |
| Woodie | 11.0006 | 11.0967 | 11.1410 | 11.2371 | 11.2814 | 11.3775 | 11.4218 |
| Fibonacci | 11.1053 | 11.1590 | 11.1921 | 11.2457 | 11.2994 | 11.3325 | 11.3861 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8505 | 11.0038 | 11.1352 | 11.2885 | 11.4199 | 11.5732 | 11.7046 |
| Camarilla | 11.1884 | 11.2145 | 11.2406 | 11.2667 | 11.2928 | 11.3189 | 11.3450 |
| Woodie | 10.8397 | 10.9983 | 11.1244 | 11.2830 | 11.4091 | 11.5677 | 11.6938 |
| Fibonacci | 11.0038 | 11.1125 | 11.1797 | 11.2885 | 11.3972 | 11.4644 | 11.5732 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5299 | 10.9527 | 11.1747 | 11.5975 | 11.8195 | 12.2423 | 12.4643 |
| Camarilla | 11.2194 | 11.2785 | 11.3376 | 11.3967 | 11.4558 | 11.5149 | 11.5740 |
| Woodie | 10.4295 | 10.9025 | 11.0743 | 11.5473 | 11.7191 | 12.1921 | 12.3639 |
| Fibonacci | 10.9527 | 11.1990 | 11.3512 | 11.5975 | 11.8438 | 11.9960 | 12.2423 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.67 | |
| MACD (12,26,9): | -0.0118 | |
| Directional Movement: | 2.5148 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 11.2077 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1984 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 11.2765 | |
| Zig ZAG (10): | 11.2296 | |
| VORTEX (21): | 0.9762 | |
| Stochastique (14,3,5): | 58.11 | |
| TEMA (21): | 11.2127 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0225 | |
| Repulse (5,40,3): | 0.2406 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0205 | |
| Courbe Coppock: | 0.10 |
| MA7: | 11.2850 | |
| MA20: | 11.4177 | |
| MA50: | 11.7316 | |
| MA100: | 11.9191 | |
| MAexp7: | 11.2230 | |
| MAexp20: | 11.2253 | |
| MAexp50: | 11.2541 | |
| MAexp100: | 11.2860 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -4.28% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.50% |
Quotes :
2020-11-17 07:48:10
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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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