AUD/ZAR - 1H - Technical analysis published on 08/20/2021 (GMT)
- 195
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 10.8504 ZAR
My targets
10.8940 ZAR (+0.0218)
10.9156 ZAR (+0.0434)
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 above the support located at 10.8504 ZAR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 10.8940 ZAR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 10.9156 ZAR as an objective. Crossing it would then enable buyers to target 11.0565 ZAR. If the support 10.8504 ZAR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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:
Additional analysis
Quotes
The AUD/ZAR price is 10.8722 ZAR. The price registered a decrease of -0.11% on the session and was between 10.8525 ZAR and 10.9013 ZAR. This implies that the price is at +0.18% from its lowest and at -0.27% from its highest.10.8525
10.9013
10.8722
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/ZAR:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/ZAR in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.7821 | 10.7952 | 10.8504 | 10.8722 | 10.8811 | 10.8940 | 10.9156 |
| Change (%) | -0.83% | -0.71% | -0.20% | - | +0.08% | +0.20% | +0.40% |
| Change | -0.0901 | -0.0770 | -0.0218 | - | +0.0089 | +0.0218 | +0.0434 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6571 | 10.7155 | 10.7996 | 10.8580 | 10.9421 | 11.0005 | 11.0846 |
| Camarilla | 10.8446 | 10.8577 | 10.8707 | 10.8838 | 10.8969 | 10.9099 | 10.9230 |
| Woodie | 10.6701 | 10.7219 | 10.8126 | 10.8644 | 10.9551 | 11.0069 | 11.0976 |
| Fibonacci | 10.7155 | 10.7699 | 10.8035 | 10.8580 | 10.9124 | 10.9460 | 11.0005 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5350 | 10.6265 | 10.7387 | 10.8302 | 10.9424 | 11.0339 | 11.1461 |
| Camarilla | 10.7948 | 10.8135 | 10.8321 | 10.8508 | 10.8695 | 10.8882 | 10.9068 |
| Woodie | 10.5453 | 10.6317 | 10.7490 | 10.8354 | 10.9527 | 11.0391 | 11.1564 |
| Fibonacci | 10.6265 | 10.7044 | 10.7524 | 10.8302 | 10.9081 | 10.9561 | 11.0339 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1353 | 10.3693 | 10.5493 | 10.7833 | 10.9633 | 11.1973 | 11.3773 |
| Camarilla | 10.6156 | 10.6535 | 10.6915 | 10.7294 | 10.7674 | 10.8053 | 10.8433 |
| Woodie | 10.1084 | 10.3558 | 10.5224 | 10.7698 | 10.9364 | 11.1838 | 11.3504 |
| Fibonacci | 10.3693 | 10.5274 | 10.6251 | 10.7833 | 10.9414 | 11.0391 | 11.1973 |
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): | 51.11 | |
| MACD (12,26,9): | 0.0068 | |
| Directional Movement: | -2.8683 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 10.8771 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.9061 | |
| Elder Ray (13): | -0.0078 | |
| Super Trend (3,10): | 10.8035 | |
| Zig ZAG (10): | 10.8684 | |
| VORTEX (21): | 1.0353 | |
| Stochastique (14,3,5): | 30.38 | |
| TEMA (21): | 10.8756 | |
| Williams %R (14): | -67.89 | |
| Chande Momentum Oscillator (20): | -0.0399 | |
| Repulse (5,40,3): | 0.0081 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.04 |
| MA7: | 10.8560 | |
| MA20: | 10.8003 | |
| MA50: | 10.7668 | |
| MA100: | 10.8382 | |
| MAexp7: | 10.8700 | |
| MAexp20: | 10.8658 | |
| MAexp50: | 10.8524 | |
| MAexp100: | 10.8436 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.98% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.26% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUD/ZAR - 1H