AUD/ZAR - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 11.3709 ZAR
My targets
11.3051 ZAR (-0.0244)
11.2566 ZAR (-0.0729)
My analysis
The basic trend is bearish on AUD/ZAR and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 11.3709 ZAR. Buyers would then use the next resistance located at 11.4798 ZAR as an objective. Crossing it would then enable buyers to target 11.6089 ZAR. If there is a return to below the support located at 11.3051 ZAR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 11.2566 ZAR and 11.1789 ZAR by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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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 11.3295 ZAR. The price has increased by +0.00% since the last closing and was between 11.3213 ZAR and 11.3322 ZAR. This implies that the price is at +0.07% from its lowest and at -0.02% from its highest.11.3213
11.3322
11.3295
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
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.1789 | 11.2566 | 11.3051 | 11.3295 | 11.3709 | 11.4798 | 11.6089 |
| Change (%) | -1.33% | -0.64% | -0.22% | - | +0.37% | +1.33% | +2.47% |
| Change | -0.1506 | -0.0729 | -0.0244 | - | +0.0414 | +0.1503 | +0.2794 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2192 | 11.2507 | 11.2902 | 11.3217 | 11.3612 | 11.3927 | 11.4322 |
| Camarilla | 11.3103 | 11.3168 | 11.3233 | 11.3298 | 11.3363 | 11.3428 | 11.3493 |
| Woodie | 11.2233 | 11.2527 | 11.2943 | 11.3237 | 11.3653 | 11.3947 | 11.4363 |
| Fibonacci | 11.2507 | 11.2778 | 11.2945 | 11.3217 | 11.3488 | 11.3655 | 11.3927 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0559 | 11.2671 | 11.3973 | 11.6085 | 11.7387 | 11.9499 | 12.0801 |
| Camarilla | 11.4335 | 11.4648 | 11.4961 | 11.5274 | 11.5587 | 11.5900 | 11.6213 |
| Woodie | 11.0153 | 11.2469 | 11.3567 | 11.5883 | 11.6981 | 11.9297 | 12.0395 |
| Fibonacci | 11.2671 | 11.3976 | 11.4781 | 11.6085 | 11.7390 | 11.8195 | 11.9499 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1904 | 11.3546 | 11.5535 | 11.7177 | 11.9166 | 12.0808 | 12.2797 |
| Camarilla | 11.6527 | 11.6859 | 11.7192 | 11.7525 | 11.7858 | 11.8191 | 11.8524 |
| Woodie | 11.2079 | 11.3633 | 11.5710 | 11.7264 | 11.9341 | 12.0895 | 12.2972 |
| Fibonacci | 11.3546 | 11.4933 | 11.5790 | 11.7177 | 11.8564 | 11.9421 | 12.0808 |
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): | 49.57 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 0.2405 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 11.3270 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.3495 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 11.2781 | |
| Zig ZAG (10): | 11.3270 | |
| VORTEX (21): | 0.9768 | |
| Stochastique (14,3,5): | 65.98 | |
| TEMA (21): | 11.3348 | |
| Williams %R (14): | -40.63 | |
| Chande Momentum Oscillator (20): | 0.0242 | |
| Repulse (5,40,3): | 0.0937 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.15 |
| MA7: | 11.4166 | |
| MA20: | 11.6370 | |
| MA50: | 11.6832 | |
| MA100: | 11.8232 | |
| MAexp7: | 11.3285 | |
| MAexp20: | 11.3262 | |
| MAexp50: | 11.3393 | |
| MAexp100: | 11.3923 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | -3.03% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.55% |
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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