AUD/ZAR - 1H - Technical analysis published on 01/02/2020 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.8327 ZAR
My targets
9.8678 ZAR (+0.0213)
9.8876 ZAR (+0.0411)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on AUD/ZAR. This is a positive signal for buyers. As long as the price remains above 9.8327 ZAR, a purchase could be considered. The first bullish objective is located at 9.8678 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.8876 ZAR as an objective. Crossing it would then enable buyers to target 9.9051 ZAR. In the event of a return below 9.8327 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.1
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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 price is 9.8465 ZAR. On the day, this instrument gained +0.15% with the lowest point at 9.7489 ZAR and the highest point at 9.8594 ZAR. The deviation from the price is +1.00% for the low point and -0.13% for the high point.9.7489
9.8594
9.8465
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/ZAR chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9.8097 | 9.8327 | 9.8454 | 9.8465 | 9.8678 | 9.8876 | 9.9051 |
| Change (%) | -0.37% | -0.14% | -0.01% | - | +0.22% | +0.42% | +0.60% |
| Change | -0.0368 | -0.0138 | -0.0011 | - | +0.0213 | +0.0411 | +0.0586 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 9.7867 | 9.7984 | 9.8152 | 9.8269 | 9.8437 | 9.8554 | 9.8722 |
| Camarilla | 9.8243 | 9.8269 | 9.8295 | 9.8321 | 9.8347 | 9.8373 | 9.8399 |
| Woodie | 9.7894 | 9.7997 | 9.8179 | 9.8282 | 9.8464 | 9.8567 | 9.8749 |
| Fibonacci | 9.7984 | 9.8093 | 9.8160 | 9.8269 | 9.8378 | 9.8445 | 9.8554 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6042 | 9.6729 | 9.7304 | 9.7991 | 9.8566 | 9.9253 | 9.9828 |
| Camarilla | 9.7531 | 9.7647 | 9.7762 | 9.7878 | 9.7994 | 9.8109 | 9.8225 |
| Woodie | 9.5985 | 9.6701 | 9.7247 | 9.7963 | 9.8509 | 9.9225 | 9.9771 |
| Fibonacci | 9.6729 | 9.7211 | 9.7509 | 9.7991 | 9.8473 | 9.8771 | 9.9253 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2847 | 9.5132 | 9.6693 | 9.8978 | 10.0539 | 10.2824 | 10.4385 |
| Camarilla | 9.7196 | 9.7549 | 9.7902 | 9.8254 | 9.8607 | 9.8959 | 9.9312 |
| Woodie | 9.2485 | 9.4951 | 9.6331 | 9.8797 | 10.0177 | 10.2643 | 10.4023 |
| Fibonacci | 9.5132 | 9.6601 | 9.7509 | 9.8978 | 10.0447 | 10.1355 | 10.2824 |
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): | 56.46 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 0.4226 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 9.8131 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.7591 | |
| Elder Ray (13): | 0.0163 | |
| Super Trend (3,10): | 9.7635 | |
| Zig ZAG (10): | 9.8473 | |
| VORTEX (21): | 0.9927 | |
| Stochastique (14,3,5): | 81.18 | |
| TEMA (21): | 9.8162 | |
| Williams %R (14): | -16.03 | |
| Chande Momentum Oscillator (20): | 0.0329 | |
| Repulse (5,40,3): | 0.2676 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0134 | |
| Courbe Coppock: | 0.09 |
| MA7: | 9.8277 | |
| MA20: | 9.8891 | |
| MA50: | 10.0099 | |
| MA100: | 10.0911 | |
| MAexp7: | 9.8224 | |
| MAexp20: | 9.8179 | |
| MAexp50: | 9.8248 | |
| MAexp100: | 9.8259 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -1.63% | |
| Price / MA100: | -2.42% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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