AUD/ZAR - 1H - Technical analysis published on 03/02/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 12.2810 ZAR
My targets
12.2151 ZAR (-0.0321)
12.0730 ZAR (-0.1742)
My analysis
AUD/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.2810 ZAR. The next support located at 12.2151 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 12.0730 ZAR. Below this support, sellers could then target 11.9200 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/ZAR price is 12.2472 ZAR. The price has increased by +0.00% since the last closing and was between 12.2269 ZAR and 12.2859 ZAR. This implies that the price is at +0.17% from its lowest and at -0.31% from its highest.12.2269
12.2859
12.2472
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/ZAR in 1H shows a overall strongly bearish trend. 92.86% 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.3694 | 11.9200 | 12.2359 | 12.2472 | 12.2810 | 12.3779 | 12.4137 |
| Change (%) | -7.17% | -2.67% | -0.09% | - | +0.28% | +1.07% | +1.36% |
| Change | -0.8778 | -0.3272 | -0.0113 | - | +0.0338 | +0.1307 | +0.1665 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 12.0545 | 12.1452 | 12.1963 | 12.2870 | 12.3381 | 12.4288 | 12.4799 |
| Camarilla | 12.2084 | 12.2214 | 12.2344 | 12.2474 | 12.2604 | 12.2734 | 12.2864 |
| Woodie | 12.0347 | 12.1353 | 12.1765 | 12.2771 | 12.3183 | 12.4189 | 12.4601 |
| Fibonacci | 12.1452 | 12.1994 | 12.2328 | 12.2870 | 12.3412 | 12.3746 | 12.4288 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0730 | 12.2151 | 12.3032 | 12.4453 | 12.5334 | 12.6755 | 12.7636 |
| Camarilla | 12.3279 | 12.3490 | 12.3701 | 12.3912 | 12.4123 | 12.4334 | 12.4545 |
| Woodie | 12.0459 | 12.2016 | 12.2761 | 12.4318 | 12.5063 | 12.6620 | 12.7365 |
| Fibonacci | 12.2151 | 12.3031 | 12.3574 | 12.4453 | 12.5333 | 12.5876 | 12.6755 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4518 | 11.7279 | 12.0354 | 12.3115 | 12.6190 | 12.8951 | 13.2026 |
| Camarilla | 12.1825 | 12.2360 | 12.2895 | 12.3430 | 12.3965 | 12.4500 | 12.5035 |
| Woodie | 11.4676 | 11.7358 | 12.0512 | 12.3194 | 12.6348 | 12.9030 | 13.2184 |
| Fibonacci | 11.7279 | 11.9508 | 12.0885 | 12.3115 | 12.5344 | 12.6721 | 12.8951 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.06 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | -7.0309 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 12.2469 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.2859 | |
| Elder Ray (13): | -0.0076 | |
| Super Trend (3,10): | 12.3340 | |
| Zig ZAG (10): | 12.2300 | |
| VORTEX (21): | 0.9250 | |
| Stochastique (14,3,5): | 59.80 | |
| TEMA (21): | 12.2519 | |
| Williams %R (14): | -93.22 | |
| Chande Momentum Oscillator (20): | -0.0175 | |
| Repulse (5,40,3): | -0.4070 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0230 | |
| Courbe Coppock: | 0.05 |
| MA7: | 12.3515 | |
| MA20: | 12.3615 | |
| MA50: | 12.0398 | |
| MA100: | 11.8168 | |
| MAexp7: | 12.2613 | |
| MAexp20: | 12.2698 | |
| MAexp50: | 12.3053 | |
| MAexp100: | 12.3445 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +3.64% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.79% |
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.
About author
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