AUD/ZAR - 1H - Technical analysis published on 08/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 12.0764 ZAR
My targets
12.1174 ZAR (+0.0264)
12.1564 ZAR (+0.0654)
My analysis
AUD/ZAR is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.0764 ZAR. The next resistance located at 12.1174 ZAR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.1564 ZAR. After this resistance, buyers could then target 12.1957 ZAR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/ZAR price is 12.0910 ZAR. On the day, this instrument lost -0.01% and was between 12.0744 ZAR and 12.1103 ZAR. This implies that the price is at +0.14% from its lowest and at -0.16% from its highest.12.0744
12.1103
12.0910
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/ZAR:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/ZAR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
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:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.9200 | 12.0041 | 12.0764 | 12.0910 | 12.1174 | 12.1564 | 12.1957 |
| Change (%) | -1.41% | -0.72% | -0.12% | - | +0.22% | +0.54% | +0.87% |
| Change | -0.1710 | -0.0869 | -0.0146 | - | +0.0264 | +0.0654 | +0.1047 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7078 | 11.8001 | 11.9460 | 12.0383 | 12.1842 | 12.2765 | 12.4224 |
| Camarilla | 12.0264 | 12.0482 | 12.0701 | 12.0919 | 12.1137 | 12.1356 | 12.1574 |
| Woodie | 11.7346 | 11.8135 | 11.9728 | 12.0517 | 12.2110 | 12.2899 | 12.4492 |
| Fibonacci | 11.8001 | 11.8911 | 11.9473 | 12.0383 | 12.1293 | 12.1855 | 12.2765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0919 | 11.3940 | 11.5523 | 11.8544 | 12.0127 | 12.3148 | 12.4731 |
| Camarilla | 11.5841 | 11.6263 | 11.6685 | 11.7107 | 11.7529 | 11.7951 | 11.8373 |
| Woodie | 11.0201 | 11.3581 | 11.4805 | 11.8185 | 11.9409 | 12.2789 | 12.4013 |
| Fibonacci | 11.3940 | 11.5698 | 11.6785 | 11.8544 | 12.0302 | 12.1389 | 12.3148 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5298 | 11.1129 | 11.5578 | 12.1409 | 12.5858 | 13.1689 | 13.6138 |
| Camarilla | 11.7200 | 11.8142 | 11.9085 | 12.0027 | 12.0969 | 12.1912 | 12.2854 |
| Woodie | 10.4607 | 11.0784 | 11.4887 | 12.1064 | 12.5167 | 13.1344 | 13.5447 |
| Fibonacci | 11.1129 | 11.5056 | 11.7482 | 12.1409 | 12.5336 | 12.7762 | 13.1689 |
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): | 63.80 | |
| MACD (12,26,9): | 0.0396 | |
| Directional Movement: | 14.3011 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 12.1104 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0744 | |
| Elder Ray (13): | 0.0210 | |
| Super Trend (3,10): | 11.9900 | |
| Zig ZAG (10): | 12.0946 | |
| VORTEX (21): | 1.1562 | |
| Stochastique (14,3,5): | 77.63 | |
| TEMA (21): | 12.1156 | |
| Williams %R (14): | -22.11 | |
| Chande Momentum Oscillator (20): | 0.0473 | |
| Repulse (5,40,3): | -0.0585 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0492 | |
| Courbe Coppock: | 1.94 |
| MA7: | 11.9554 | |
| MA20: | 12.1860 | |
| MA50: | 12.4387 | |
| MA100: | 12.3854 | |
| MAexp7: | 12.0910 | |
| MAexp20: | 12.0572 | |
| MAexp50: | 11.9911 | |
| MAexp100: | 11.9578 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -2.80% | |
| Price / MA100: | -2.38% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.11% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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