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

AUD/ZAR - Daily - Technical analysis published on 02/23/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 11.3844 ZAR
My targets
11.9115 ZAR (+0.3255)
12.1957 ZAR (+0.6097)
My analysis
The basic trend is currently slightly bullish on AUD/ZAR and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 11.3844 ZAR, purchases could be favourable. The first bullish objective would be the resistance located at 11.9115 ZAR. Then the price could move towards 12.1957 ZAR. Then 12.6705 ZAR by extension. A return under the support to 11.3844 ZAR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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

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. 1H Weekly

Additional analysis

Quotes

The AUD/ZAR price is 11.5860 ZAR. The price is lower by -0.25% since the last closing and was traded between 11.5689 ZAR and 11.6278 ZAR over the period. The price is currently at +0.15% from its lowest and -0.36% from its highest.

11.5689
11.6278
11.5860

Here is a more detailed summary of the historical variations registered by AUD/ZAR:

Technical


Technical analysis of AUD/ZAR in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.0525 11.2070 11.3844 11.5860 11.6198 11.9115 12.1957
Change (%) -4.60% -3.27% -1.74% - +0.29% +2.81% +5.26%
Change -0.5335 -0.3790 -0.2016 - +0.0338 +0.3255 +0.6097
Level Major Intermediate Intermediate - Major 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
Standard11.265111.392011.503411.630311.741711.868611.9800
Camarilla11.549211.571011.592911.614711.636511.658411.6802
Woodie11.257311.388111.495611.626411.733911.864711.9722
Fibonacci11.392011.483111.539311.630311.721411.777611.8686


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.940211.075211.318011.453011.695811.830812.0736
Camarilla11.456911.491511.526211.560811.595411.630111.6647
Woodie10.994111.102211.371911.480011.749711.857812.1275
Fibonacci11.075211.219511.308711.453011.597311.686511.8308


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.374710.794611.186811.606711.998912.418812.8110
Camarilla11.355611.430011.504511.578911.653311.727811.8022
Woodie10.360810.787711.172911.599811.985012.411912.7971
Fibonacci10.794611.104911.296511.606711.917012.108612.4188

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): 57.37
MACD (12,26,9): -0.0059
Directional Movement: 16.7533
AROON (14): 35.7142
DEMA (21): 11.4529
Parabolic SAR (0,02-0,02-0,2): 11.2908
Elder Ray (13): 0.1369
Super Trend (3,10): 11.1946
Zig ZAG (10): 11.5918
VORTEX (21): 0.9715
Stochastique (14,3,5): 78.94
TEMA (21): 11.4385
Williams %R (14): -29.81
Chande Momentum Oscillator (20): 0.1998
Repulse (5,40,3): 0.7340
ROCnROLL: 1
TRIX (15,9): -0.0445
Courbe Coppock: 0.74
MA7: 11.4379
MA20: 11.4464
MA50: 11.4642
MA100: 11.4578
MAexp7: 11.4896
MAexp20: 11.4652
MAexp50: 11.4761
MAexp100: 11.5173
Price / MA7: +1.29%
Price / MA20: +1.22%
Price / MA50: +1.06%
Price / MA100: +1.12%
Price / MAexp7: +0.84%
Price / MAexp20: +1.05%
Price / MAexp50: +0.96%
Price / MAexp100: +0.60%

Quotes : 2021-02-23 07:50:41 - Real time data - Forex

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

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