AUD/ZAR - 1H - Technical analysis published on 03/26/2020 (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:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 10.3061 ZAR
My targets
10.4866 ZAR (+0.0139)
10.6494 ZAR (+0.1767)
My analysis
The bullish trend is currently very strong on AUD/ZAR. As long as the price remains above the support at 10.3061 ZAR, you could try to benefit from the boom. The first bullish objective is located at 10.4866 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.6494 ZAR as an objective. Crossing it would then enable buyers to target 11.0525 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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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 10.4727 ZAR. The price registered an increase of +2.62% on the session and was between 10.1679 ZAR and 10.5644 ZAR. This implies that the price is at +3.00% from its lowest and at -0.87% from its highest.10.1679
10.5644
10.4727
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 HIGH record (1st january)
Type : Bullish
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 strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | Price | S1 | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1885 | 10.2855 | 10.4727 | 10.4734 | 10.6494 | 11.0525 | 11.9115 |
| Change (%) | -2.71% | -1.79% | - | +0.01% | +1.69% | +5.54% | +13.74% |
| Change | -0.2842 | -0.1872 | - | +0.0007 | +0.1767 | +0.5798 | +1.4388 |
| Level | Intermediate | Intermediate | - | Major | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6240 | 9.9012 | 10.0532 | 10.3304 | 10.4824 | 10.7596 | 10.9116 |
| Camarilla | 10.0871 | 10.1264 | 10.1658 | 10.2051 | 10.2444 | 10.2838 | 10.3231 |
| Woodie | 9.5613 | 9.8699 | 9.9905 | 10.2991 | 10.4197 | 10.7283 | 10.8489 |
| Fibonacci | 9.9012 | 10.0652 | 10.1665 | 10.3304 | 10.4944 | 10.5957 | 10.7596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7055 | 9.1237 | 9.5058 | 9.9240 | 10.3061 | 10.7243 | 11.1064 |
| Camarilla | 9.6677 | 9.7411 | 9.8144 | 9.8878 | 9.9612 | 10.0345 | 10.1079 |
| Woodie | 8.6874 | 9.1147 | 9.4877 | 9.9150 | 10.2880 | 10.7153 | 11.0883 |
| Fibonacci | 9.1237 | 9.4295 | 9.6183 | 9.9240 | 10.2298 | 10.4186 | 10.7243 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.75 | |
| MACD (12,26,9): | 0.0335 | |
| Directional Movement: | 9.4151 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 10.4469 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4134 | |
| Elder Ray (13): | 0.0432 | |
| Super Trend (3,10): | 10.3175 | |
| Zig ZAG (10): | 10.4936 | |
| VORTEX (21): | 1.1389 | |
| Stochastique (14,3,5): | 83.97 | |
| TEMA (21): | 10.4928 | |
| Williams %R (14): | -17.24 | |
| Chande Momentum Oscillator (20): | 0.2235 | |
| Repulse (5,40,3): | 0.2570 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.53 |
| MA7: | 10.1989 | |
| MA20: | 10.2295 | |
| MA50: | 10.0739 | |
| MA100: | 10.0117 | |
| MAexp7: | 10.4757 | |
| MAexp20: | 10.4151 | |
| MAexp50: | 10.3893 | |
| MAexp100: | 10.3422 | |
| Price / MA7: | +2.68% | |
| Price / MA20: | +2.38% | |
| Price / MA50: | +3.96% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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