AUD/ZAR - 1H - Technical analysis published on 02/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 9.9857 ZAR
My targets
10.0776 ZAR (+0.0513)
10.0924 ZAR (+0.0661)
My analysis
A bullish trend on AUD/ZAR both in substance and in the short term. A purchase could be considered as long as the price remains above 9.9857 ZAR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 10.0776 ZAR. Then the price could move towards 10.0924 ZAR. Then 10.1404 ZAR by extension. Be careful, a return below 9.9857 ZAR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.5
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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
The AUD/ZAR price is 10.0263 ZAR. The price has increased by -0.26% since the last closing and was traded between 9.9085 ZAR and 10.0929 ZAR over the period. The price is currently at +1.19% from its lowest and -0.66% from its highest.9.9085
10.0929
10.0263
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:
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 AUD/ZAR in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 9.9017 | 9.9640 | 9.9857 | 10.0263 | 10.0353 | 10.0776 | 10.0924 |
Change (%) | -1.24% | -0.62% | -0.40% | - | +0.09% | +0.51% | +0.66% |
Change | -0.1246 | -0.0623 | -0.0406 | - | +0.0090 | +0.0513 | +0.0661 |
Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.8581 | 9.9096 | 9.9810 | 10.0325 | 10.1039 | 10.1554 | 10.2268 |
Camarilla | 10.0186 | 10.0299 | 10.0411 | 10.0524 | 10.0637 | 10.0749 | 10.0862 |
Woodie | 9.8681 | 9.9146 | 9.9910 | 10.0375 | 10.1139 | 10.1604 | 10.2368 |
Fibonacci | 9.9096 | 9.9566 | 9.9856 | 10.0325 | 10.0795 | 10.1085 | 10.1554 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.6918 | 9.8029 | 9.8702 | 9.9813 | 10.0486 | 10.1597 | 10.2270 |
Camarilla | 9.8884 | 9.9048 | 9.9212 | 9.9375 | 9.9539 | 9.9702 | 9.9866 |
Woodie | 9.6699 | 9.7920 | 9.8483 | 9.9704 | 10.0267 | 10.1488 | 10.2051 |
Fibonacci | 9.8029 | 9.8711 | 9.9132 | 9.9813 | 10.0495 | 10.0916 | 10.1597 |
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): | 51.00 | |
MACD (12,26,9): | -0.0151 | |
Directional Movement: | -1.2035 | |
AROON (14): | -42.8571 | |
DEMA (21): | 9.9857 | |
Parabolic SAR (0,02-0,02-0,2): | 10.0475 | |
Elder Ray (13): | 0.0129 | |
Super Trend (3,10): | 10.0668 | |
Zig ZAG (10): | 10.0148 | |
VORTEX (21): | 0.9492 | |
Stochastique (14,3,5): | 43.58 | |
TEMA (21): | 9.9701 | |
Williams %R (14): | -37.09 | |
Chande Momentum Oscillator (20): | -0.0040 | |
Repulse (5,40,3): | 0.6972 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0142 | |
Courbe Coppock: | 1.26 |
MA7: | 10.0114 | |
MA20: | 10.0012 | |
MA50: | 9.9160 | |
MA100: | 9.9902 | |
MAexp7: | 9.9867 | |
MAexp20: | 10.0023 | |
MAexp50: | 10.0092 | |
MAexp100: | 10.0062 | |
Price / MA7: | +0.15% | |
Price / MA20: | +0.25% | |
Price / MA50: | +1.11% | |
Price / MA100: | +0.36% | |
Price / MAexp7: | +0.39% | |
Price / MAexp20: | +0.24% | |
Price / MAexp50: | +0.17% | |
Price / MAexp100: | +0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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