AUD/ZAR - 1H - Technical analysis published on 11/13/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 11.7448 ZAR
My targets
11.8704 ZAR (+0.0459)
11.9200 ZAR (+0.0955)
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 11.7448 ZAR. The buyers' bullish objective is set at 11.8704 ZAR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.9200 ZAR. If there is any crossing, the next objective would be the resistance located at 12.0971 ZAR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/ZAR rating 11.8245 ZAR. The price registered a decrease of -0.01% on the session and was traded between 11.7149 ZAR and 11.8408 ZAR over the period. The price is currently at +0.94% from its lowest and -0.14% from its highest.11.7149
11.8408
11.8245
Here is a more detailed summary of the historical variations registered by AUD/ZAR:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6626 | 11.7448 | 11.8160 | 11.8245 | 11.8704 | 11.9200 | 12.0971 |
| Change (%) | -1.37% | -0.67% | -0.07% | - | +0.39% | +0.81% | +2.31% |
| Change | -0.1619 | -0.0797 | -0.0085 | - | +0.0459 | +0.0955 | +0.2726 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6508 | 11.7036 | 11.7647 | 11.8175 | 11.8786 | 11.9314 | 11.9925 |
| Camarilla | 11.7944 | 11.8048 | 11.8153 | 11.8257 | 11.8361 | 11.8466 | 11.8570 |
| Woodie | 11.6549 | 11.7057 | 11.7688 | 11.8196 | 11.8827 | 11.9335 | 11.9966 |
| Fibonacci | 11.7036 | 11.7471 | 11.7740 | 11.8175 | 11.8610 | 11.8879 | 11.9314 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3614 | 11.4400 | 11.5066 | 11.5852 | 11.6518 | 11.7304 | 11.7970 |
| Camarilla | 11.5332 | 11.5465 | 11.5598 | 11.5731 | 11.5864 | 11.5997 | 11.6130 |
| Woodie | 11.3553 | 11.4370 | 11.5005 | 11.5822 | 11.6457 | 11.7274 | 11.7909 |
| Fibonacci | 11.4400 | 11.4955 | 11.5298 | 11.5852 | 11.6407 | 11.6750 | 11.7304 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8960 | 11.2146 | 11.3959 | 11.7145 | 11.8958 | 12.2144 | 12.3957 |
| Camarilla | 11.4397 | 11.4856 | 11.5314 | 11.5772 | 11.6230 | 11.6689 | 11.7147 |
| Woodie | 10.8274 | 11.1803 | 11.3273 | 11.6802 | 11.8272 | 12.1801 | 12.3271 |
| Fibonacci | 11.2146 | 11.4056 | 11.5235 | 11.7145 | 11.9055 | 12.0234 | 12.2144 |
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): | 52.83 | |
| MACD (12,26,9): | -0.0092 | |
| Directional Movement: | -0.2140 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 11.7766 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7169 | |
| Elder Ray (13): | 0.0260 | |
| Super Trend (3,10): | 11.8374 | |
| Zig ZAG (10): | 11.7963 | |
| VORTEX (21): | 0.9221 | |
| Stochastique (14,3,5): | 58.39 | |
| TEMA (21): | 11.7576 | |
| Williams %R (14): | -32.43 | |
| Chande Momentum Oscillator (20): | -0.0277 | |
| Repulse (5,40,3): | 0.2034 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0106 | |
| Courbe Coppock: | 1.01 |
| MA7: | 11.6717 | |
| MA20: | 11.6728 | |
| MA50: | 11.7941 | |
| MA100: | 11.9446 | |
| MAexp7: | 11.7766 | |
| MAexp20: | 11.7863 | |
| MAexp50: | 11.7736 | |
| MAexp100: | 11.7275 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | -1.01% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.82% |
Quotes :
-
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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