AUD/ZAR - 1H - Technical analysis published on 03/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 11.5172 ZAR
My targets
11.4438 ZAR (-0.0330)
11.3844 ZAR (-0.0924)
My analysis
The bearish trend is currently very strong for AUD/ZAR. As long as the price remains below the resistance at 11.5172 ZAR, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.4438 ZAR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.3844 ZAR as an objective. Crossing it would then enable sellers to target 11.2499 ZAR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 11.4768 ZAR. On the day, this instrument lost -0.40% and was traded between 11.4589 ZAR and 11.5761 ZAR over the period. The price is currently at +0.16% from its lowest and -0.86% from its highest.11.4589
11.5761
11.4768
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
A technical analysis in 1H of this AUD/ZAR chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.2499 | 11.3844 | 11.4438 | 11.4768 | 11.5172 | 11.6198 | 11.7062 |
| Change (%) | -1.98% | -0.81% | -0.29% | - | +0.35% | +1.25% | +2.00% |
| Change | -0.2269 | -0.0924 | -0.0330 | - | +0.0404 | +0.1430 | +0.2294 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 11.3568 | 11.4003 | 11.4614 | 11.5049 | 11.5660 | 11.6095 | 11.6706 |
| Camarilla | 11.4937 | 11.5033 | 11.5129 | 11.5225 | 11.5321 | 11.5417 | 11.5513 |
| Woodie | 11.3656 | 11.4047 | 11.4702 | 11.5093 | 11.5748 | 11.6139 | 11.6794 |
| Fibonacci | 11.4003 | 11.4403 | 11.4649 | 11.5049 | 11.5449 | 11.5695 | 11.6095 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0369 | 11.2770 | 11.4390 | 11.6791 | 11.8411 | 12.0812 | 12.2432 |
| Camarilla | 11.4905 | 11.5274 | 11.5642 | 11.6011 | 11.6380 | 11.6748 | 11.7117 |
| Woodie | 10.9980 | 11.2575 | 11.4001 | 11.6596 | 11.8022 | 12.0617 | 12.2043 |
| Fibonacci | 11.2770 | 11.4306 | 11.5255 | 11.6791 | 11.8327 | 11.9276 | 12.0812 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5933 | 10.9017 | 11.2775 | 11.5859 | 11.9617 | 12.2701 | 12.6459 |
| Camarilla | 11.4651 | 11.5278 | 11.5905 | 11.6532 | 11.7159 | 11.7786 | 11.8414 |
| Woodie | 10.6269 | 10.9186 | 11.3111 | 11.6028 | 11.9953 | 12.2870 | 12.6795 |
| Fibonacci | 10.9017 | 11.1631 | 11.3246 | 11.5859 | 11.8473 | 12.0088 | 12.2701 |
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): | 36.73 | |
| MACD (12,26,9): | -0.0086 | |
| Directional Movement: | -9.1996 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 11.5050 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5696 | |
| Elder Ray (13): | -0.0333 | |
| Super Trend (3,10): | 11.4692 | |
| Zig ZAG (10): | 11.4849 | |
| VORTEX (21): | 0.9212 | |
| Stochastique (14,3,5): | 20.66 | |
| TEMA (21): | 11.4983 | |
| Williams %R (14): | -68.94 | |
| Chande Momentum Oscillator (20): | -0.0306 | |
| Repulse (5,40,3): | 0.0266 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0025 | |
| Courbe Coppock: | 0.39 |
| MA7: | 11.5905 | |
| MA20: | 11.6359 | |
| MA50: | 11.5999 | |
| MA100: | 11.4440 | |
| MAexp7: | 11.4977 | |
| MAexp20: | 11.5132 | |
| MAexp50: | 11.5267 | |
| MAexp100: | 11.5619 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -1.06% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.74% |
Quotes :
2021-03-17 16:36:43
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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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