AUD/ZAR - 1H - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 9.9891 ZAR
My targets
9.9378 ZAR (-0.0293)
9.9017 ZAR (-0.0654)
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 9.9891 ZAR. The next support located at 9.9378 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 9.9017 ZAR. Below this support, sellers could then target 9.8452 ZAR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.5
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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
AUD/ZAR rating 9.9671 ZAR. On the day, this instrument gained -0.45% and was traded between 9.9532 ZAR and 10.0565 ZAR over the period. The price is currently at +0.14% from its lowest and -0.89% from its highest.9.9532
10.0565
9.9671
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this AUD/ZAR chart shows a bearish trend. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. 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 bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.8452 | 9.9017 | 9.9378 | 9.9671 | 9.9891 | 10.0223 | 10.0624 |
| Change (%) | -1.22% | -0.66% | -0.29% | - | +0.22% | +0.55% | +0.96% |
| Change | -0.1219 | -0.0654 | -0.0293 | - | +0.0220 | +0.0552 | +0.0953 |
| Level | Minor | Intermediate | Minor | - | Major | Major | 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 | 9.8727 | 9.9316 | 9.9721 | 10.0310 | 10.0715 | 10.1304 | 10.1709 |
| Camarilla | 9.9852 | 9.9943 | 10.0034 | 10.0125 | 10.0216 | 10.0307 | 10.0398 |
| Woodie | 9.8634 | 9.9270 | 9.9628 | 10.0264 | 10.0622 | 10.1258 | 10.1616 |
| Fibonacci | 9.9316 | 9.9696 | 9.9931 | 10.0310 | 10.0690 | 10.0925 | 10.1304 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7257 | 9.8058 | 9.9300 | 10.0101 | 10.1343 | 10.2144 | 10.3386 |
| Camarilla | 9.9981 | 10.0168 | 10.0356 | 10.0543 | 10.0730 | 10.0918 | 10.1105 |
| Woodie | 9.7479 | 9.8168 | 9.9522 | 10.0211 | 10.1565 | 10.2254 | 10.3608 |
| Fibonacci | 9.8058 | 9.8838 | 9.9320 | 10.0101 | 10.0881 | 10.1363 | 10.2144 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4082 | 9.5432 | 9.7933 | 9.9283 | 10.1784 | 10.3134 | 10.5635 |
| Camarilla | 9.9376 | 9.9729 | 10.0082 | 10.0435 | 10.0788 | 10.1141 | 10.1494 |
| Woodie | 9.4659 | 9.5720 | 9.8510 | 9.9571 | 10.2361 | 10.3422 | 10.6212 |
| Fibonacci | 9.5432 | 9.6903 | 9.7812 | 9.9283 | 10.0754 | 10.1663 | 10.3134 |
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): | 41.05 | |
| MACD (12,26,9): | -0.0158 | |
| Directional Movement: | -8.9250 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 9.9815 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0314 | |
| Elder Ray (13): | -0.0249 | |
| Super Trend (3,10): | 10.0512 | |
| Zig ZAG (10): | 9.9747 | |
| VORTEX (21): | 0.9338 | |
| Stochastique (14,3,5): | 24.66 | |
| TEMA (21): | 9.9720 | |
| Williams %R (14): | -78.32 | |
| Chande Momentum Oscillator (20): | -0.0590 | |
| Repulse (5,40,3): | -0.1055 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0189 | |
| Courbe Coppock: | 0.78 |
| MA7: | 9.9932 | |
| MA20: | 9.9334 | |
| MA50: | 9.9072 | |
| MA100: | 10.0128 | |
| MAexp7: | 9.9834 | |
| MAexp20: | 10.0011 | |
| MAexp50: | 10.0170 | |
| MAexp100: | 10.0122 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | -0.46% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -0.45% |
This member declared not having a position on this financial instrument or a related financial instrument.
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