AUD/ZAR
AUD ZAR
- ZAR (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDZAR
ISIN:

AUD/ZAR - 1H - Technical analysis published on 12/09/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 11.1903 ZAR
My targets
11.0860 ZAR (-0.0655)
11.0525 ZAR (-0.0990)
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 11.1903 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.0860 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 11.0525 ZAR as an objective. Crossing it would then enable sellers to target 10.4596 ZAR. If the resistance 11.1903 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/ZAR price is 11.1515 ZAR. The price registered an increase of +0.35% on the session and was between 11.0747 ZAR and 11.1812 ZAR. This implies that the price is at +0.69% from its lowest and at -0.27% from its highest.

11.0747
11.1812
11.1515

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:

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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.4596 11.0525 11.0860 11.1515 11.1903 11.2325 11.3444
Change (%) -6.20% -0.89% -0.59% - +0.35% +0.73% +1.73%
Change -0.6919 -0.0990 -0.0655 - +0.0388 +0.0810 +0.1929
Level Major Major Intermediate - 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
Standard10.866110.976011.044511.154411.222911.332811.4013
Camarilla11.063811.080211.096611.112911.129311.145611.1620
Woodie10.845310.965711.023711.144111.202111.322511.3805
Fibonacci10.976011.044211.086311.154411.222611.264711.3328


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.952211.071211.183611.302611.415011.534011.6464
Camarilla11.232311.253511.274711.295911.317111.338311.3595
Woodie10.948811.069611.180211.301011.411611.532411.6430
Fibonacci11.071211.159611.214211.302611.391011.445611.5340


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.575110.840711.100611.366211.626111.891712.1516
Camarilla11.216011.264211.312311.360511.408711.456811.5050
Woodie10.572310.839311.097811.364811.623311.890312.1488
Fibonacci10.840711.041411.165511.366211.566911.691011.8917

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): 52.62
MACD (12,26,9): -0.0028
Directional Movement: -0.4339
AROON (14): 50.0000
DEMA (21): 11.1318
Parabolic SAR (0,02-0,02-0,2): 11.1168
Elder Ray (13): 0.0136
Super Trend (3,10): 11.0799
Zig ZAG (10): 11.1245
VORTEX (21): 0.9913
Stochastique (14,3,5): 67.04
TEMA (21): 11.1423
Williams %R (14): -53.99
Chande Momentum Oscillator (20): 0.0497
Repulse (5,40,3): -0.2247
ROCnROLL: 2
TRIX (15,9): -0.0168
Courbe Coppock: 0.73
MA7: 11.2391
MA20: 11.2415
MA50: 11.4731
MA100: 11.8388
MAexp7: 11.1410
MAexp20: 11.1412
MAexp50: 11.1720
MAexp100: 11.2106
Price / MA7: -0.78%
Price / MA20: -0.80%
Price / MA50: -2.80%
Price / MA100: -5.81%
Price / MAexp7: +0.09%
Price / MAexp20: +0.09%
Price / MAexp50: -0.18%
Price / MAexp100: -0.53%

Quotes : 2020-12-09 16:11:20 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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