AUD/ZAR - 1H - Technical analysis published on 03/10/2020 (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:
Slightly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 10.4734 ZAR
My targets
10.3303 ZAR (-0.0780)
10.3081 ZAR (-0.1002)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on AUD/ZAR as long as the price remains well below 10.4734 ZAR. The next bearish objective for sellers is set at 10.3303 ZAR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.3081 ZAR. In case of crossing, the next objective would be the support located at 10.2968 ZAR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.7
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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 rating is 10.4083 ZAR. The price has increased by -1.76% since the last closing and was between 10.3309 ZAR and 10.6191 ZAR. This implies that the price is at +0.75% from its lowest and at -1.99% from its highest.10.3309
10.6191
10.4083
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/ZAR in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 10.0884 | 10.1888 | 10.2968 | 10.4083 | 10.4734 | 10.6494 | 10.7411 |
| Change (%) | -3.07% | -2.11% | -1.07% | - | +0.63% | +2.32% | +3.20% |
| Change | -0.3199 | -0.2195 | -0.1115 | - | +0.0651 | +0.2411 | +0.3328 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5735 | 9.9370 | 10.2658 | 10.6293 | 10.9581 | 11.3216 | 11.6504 |
| Camarilla | 10.4043 | 10.4678 | 10.5312 | 10.5947 | 10.6582 | 10.7216 | 10.7851 |
| Woodie | 9.5563 | 9.9283 | 10.2486 | 10.6206 | 10.9409 | 11.3129 | 11.6332 |
| Fibonacci | 9.9370 | 10.2014 | 10.3648 | 10.6293 | 10.8937 | 11.0571 | 11.3216 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6913 | 9.8622 | 10.1372 | 10.3081 | 10.5831 | 10.7540 | 11.0290 |
| Camarilla | 10.2896 | 10.3305 | 10.3713 | 10.4122 | 10.4531 | 10.4940 | 10.5348 |
| Woodie | 9.7434 | 9.8882 | 10.1893 | 10.3341 | 10.6352 | 10.7800 | 11.0811 |
| Fibonacci | 9.8622 | 10.0325 | 10.1378 | 10.3081 | 10.4784 | 10.5837 | 10.7540 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5731 | 9.7294 | 9.9517 | 10.1080 | 10.3303 | 10.4866 | 10.7089 |
| Camarilla | 10.0698 | 10.1045 | 10.1392 | 10.1739 | 10.2086 | 10.2433 | 10.2780 |
| Woodie | 9.6060 | 9.7459 | 9.9846 | 10.1245 | 10.3632 | 10.5031 | 10.7418 |
| Fibonacci | 9.7294 | 9.8741 | 9.9634 | 10.1080 | 10.2527 | 10.3420 | 10.4866 |
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): | 43.74 | |
| MACD (12,26,9): | -0.0347 | |
| Directional Movement: | -0.4568 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 10.4239 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6282 | |
| Elder Ray (13): | -0.0247 | |
| Super Trend (3,10): | 10.6105 | |
| Zig ZAG (10): | 10.4288 | |
| VORTEX (21): | 0.8340 | |
| Stochastique (14,3,5): | 51.60 | |
| TEMA (21): | 10.3903 | |
| Williams %R (14): | -47.19 | |
| Chande Momentum Oscillator (20): | -0.0373 | |
| Repulse (5,40,3): | -0.1211 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0473 | |
| Courbe Coppock: | 2.10 |
| MA7: | 10.2964 | |
| MA20: | 10.1316 | |
| MA50: | 9.9971 | |
| MA100: | 10.0072 | |
| MAexp7: | 10.4213 | |
| MAexp20: | 10.4705 | |
| MAexp50: | 10.4759 | |
| MAexp100: | 10.4084 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +2.73% | |
| Price / MA50: | +4.11% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | +0.00% |
This member declared not having a position on this financial instrument or a related financial instrument.
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