AUD/ZAR - 1H - Technical analysis published on 10/06/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 10.9406 ZAR
My targets
10.9850 ZAR (+0.0276)
11.0565 ZAR (+0.0991)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/ZAR as long as the price remains well above 10.9406 ZAR. The buyers' bullish objective is set at 10.9850 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.0565 ZAR. If there is any crossing, the next objective would be the resistance located at 11.2499 ZAR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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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 10.9574 ZAR. The price has increased by +0.10% since the last closing with the lowest point at 10.9068 ZAR and the highest point at 10.9694 ZAR. The deviation from the price is +0.46% for the low point and -0.11% for the high point.10.9068
10.9694
10.9574
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 this 1H chart of AUD/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 | 10.8192 | 10.8646 | 10.9406 | 10.9574 | 10.9658 | 10.9850 | 11.0565 |
| Change (%) | -1.26% | -0.85% | -0.15% | - | +0.08% | +0.25% | +0.90% |
| Change | -0.1382 | -0.0928 | -0.0168 | - | +0.0084 | +0.0276 | +0.0991 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7995 | 10.8446 | 10.8958 | 10.9409 | 10.9921 | 11.0372 | 11.0884 |
| Camarilla | 10.9205 | 10.9294 | 10.9382 | 10.9470 | 10.9558 | 10.9647 | 10.9735 |
| Woodie | 10.8026 | 10.8461 | 10.8989 | 10.9424 | 10.9952 | 11.0387 | 11.0915 |
| Fibonacci | 10.8446 | 10.8814 | 10.9041 | 10.9409 | 10.9777 | 11.0004 | 11.0372 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5499 | 10.6676 | 10.7387 | 10.8564 | 10.9275 | 11.0452 | 11.1163 |
| Camarilla | 10.7578 | 10.7751 | 10.7924 | 10.8097 | 10.8270 | 10.8443 | 10.8616 |
| Woodie | 10.5265 | 10.6560 | 10.7153 | 10.8448 | 10.9041 | 11.0336 | 11.0929 |
| Fibonacci | 10.6676 | 10.7398 | 10.7843 | 10.8564 | 10.9286 | 10.9731 | 11.0452 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9301 | 10.1529 | 10.5285 | 10.7513 | 11.1269 | 11.3497 | 11.7253 |
| Camarilla | 10.7394 | 10.7943 | 10.8492 | 10.9040 | 10.9589 | 11.0137 | 11.0686 |
| Woodie | 10.0064 | 10.1911 | 10.6048 | 10.7895 | 11.2032 | 11.3879 | 11.8016 |
| Fibonacci | 10.1529 | 10.3815 | 10.5227 | 10.7513 | 10.9799 | 11.1211 | 11.3497 |
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): | 54.69 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | -1.0535 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 10.9464 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.9001 | |
| Elder Ray (13): | 0.0104 | |
| Super Trend (3,10): | 10.8895 | |
| Zig ZAG (10): | 10.9556 | |
| VORTEX (21): | 1.0310 | |
| Stochastique (14,3,5): | 64.11 | |
| TEMA (21): | 10.9423 | |
| Williams %R (14): | -18.10 | |
| Chande Momentum Oscillator (20): | 0.0202 | |
| Repulse (5,40,3): | 0.1935 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.10 |
| MA7: | 10.9190 | |
| MA20: | 10.7441 | |
| MA50: | 10.7480 | |
| MA100: | 10.7286 | |
| MAexp7: | 10.9453 | |
| MAexp20: | 10.9394 | |
| MAexp50: | 10.9256 | |
| MAexp100: | 10.9086 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +1.95% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.45% |
Quotes :
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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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