AUD/ZAR - 1H - Technical analysis published on 03/17/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12.2474 ZAR
My targets
12.2981 ZAR (+0.0204)
12.3542 ZAR (+0.0765)
My analysis
AUD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.2474 ZAR. The next resistance located at 12.2981 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.3542 ZAR. After this resistance, buyers could then target 12.5262 ZAR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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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 12.2777 ZAR. The price registered an increase of +0.16% on the session with the lowest point at 12.2362 ZAR and the highest point at 12.2799 ZAR. The deviation from the price is +0.34% for the low point and -0.02% for the high point.12.2362
12.2799
12.2777
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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
A technical analysis in 1H of this AUD/ZAR chart shows a strongly bullish trend. 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 does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.1390 | 12.1938 | 12.2474 | 12.2777 | 12.2981 | 12.3542 | 12.5262 |
| Change (%) | -1.13% | -0.68% | -0.25% | - | +0.17% | +0.62% | +2.02% |
| Change | -0.1387 | -0.0839 | -0.0303 | - | +0.0204 | +0.0765 | +0.2485 |
| Level | Intermediate | Major | 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 | 12.0678 | 12.1125 | 12.1853 | 12.2300 | 12.3028 | 12.3475 | 12.4203 |
| Camarilla | 12.2258 | 12.2366 | 12.2473 | 12.2581 | 12.2689 | 12.2796 | 12.2904 |
| Woodie | 12.0819 | 12.1195 | 12.1994 | 12.2370 | 12.3169 | 12.3545 | 12.4344 |
| Fibonacci | 12.1125 | 12.1574 | 12.1851 | 12.2300 | 12.2749 | 12.3026 | 12.3475 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6508 | 11.8493 | 11.9571 | 12.1556 | 12.2634 | 12.4619 | 12.5697 |
| Camarilla | 11.9806 | 12.0087 | 12.0367 | 12.0648 | 12.0929 | 12.1210 | 12.1490 |
| Woodie | 11.6054 | 11.8266 | 11.9117 | 12.1329 | 12.2180 | 12.4392 | 12.5243 |
| Fibonacci | 11.8493 | 11.9663 | 12.0386 | 12.1556 | 12.2726 | 12.3449 | 12.4619 |
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): | 63.40 | |
| MACD (12,26,9): | 0.0189 | |
| Directional Movement: | 10.4040 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 12.2597 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.2009 | |
| Elder Ray (13): | 0.0130 | |
| Super Trend (3,10): | 12.1476 | |
| Zig ZAG (10): | 12.2778 | |
| VORTEX (21): | 1.0744 | |
| Stochastique (14,3,5): | 82.73 | |
| TEMA (21): | 12.2636 | |
| Williams %R (14): | -3.00 | |
| Chande Momentum Oscillator (20): | 0.0544 | |
| Repulse (5,40,3): | 0.4114 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0208 | |
| Courbe Coppock: | 0.60 |
| MA7: | 12.1784 | |
| MA20: | 12.2915 | |
| MA50: | 12.1868 | |
| MA100: | 11.8919 | |
| MAexp7: | 12.2545 | |
| MAexp20: | 12.2345 | |
| MAexp50: | 12.2033 | |
| MAexp100: | 12.1862 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.74% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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