AUD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDZAR
ISIN:

AUD/ZAR - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 12.2136 ZAR

My targets

12.2697 ZAR (+0.0168)

12.2975 ZAR (+0.0446)

My analysis

AUD/ZAR is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 12.2136 ZAR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 12.2697 ZAR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 12.2975 ZAR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 12.3212 ZAR. Beware of a possible return to under the support located at 12.2136 ZAR which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/ZAR rating is 12.2529 ZAR. On the day, this instrument gained +0.37% with the lowest point at 12.1625 ZAR and the highest point at 12.2628 ZAR. The deviation from the price is +0.74% for the low point and -0.08% for the high point.

12.1625

12.2628

12.2529

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 AUD/ZAR in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.1037	12.1720	12.2136	12.2529	12.2697	12.2975	12.3212
Change (%)	-1.22%	-0.66%	-0.32%	-	+0.14%	+0.36%	+0.56%
Change	-0.1492	-0.0809	-0.0393	-	+0.0168	+0.0446	+0.0683
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Major

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	12.0475	12.1044	12.1563	12.2132	12.2651	12.3220	12.3739
Camarilla	12.1783	12.1883	12.1982	12.2082	12.2182	12.2282	12.2381
Woodie	12.0450	12.1032	12.1538	12.2120	12.2626	12.3208	12.3714
Fibonacci	12.1044	12.1460	12.1716	12.2132	12.2548	12.2804	12.3220

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.9511	12.0547	12.1241	12.2277	12.2971	12.4007	12.4701
Camarilla	12.1460	12.1619	12.1777	12.1936	12.2095	12.2253	12.2412
Woodie	11.9341	12.0462	12.1071	12.2192	12.2801	12.3922	12.4531
Fibonacci	12.0547	12.1208	12.1616	12.2277	12.2938	12.3346	12.4007

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.9219	12.0857	12.1807	12.3445	12.4395	12.6033	12.6983
Camarilla	12.2046	12.2284	12.2521	12.2758	12.2995	12.3233	12.3470
Woodie	11.8876	12.0685	12.1464	12.3273	12.4052	12.5861	12.6640
Fibonacci	12.0857	12.1845	12.2456	12.3445	12.4433	12.5044	12.6033

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):	59.68
MACD (12,26,9):	0.0022
Directional Movement:	9.9131
AROON (14):	71.4286
DEMA (21):	12.2140
Parabolic SAR (0,02-0,02-0,2):	12.2588
Elder Ray (13):	0.0155
Super Trend (3,10):	12.2604
Zig ZAG (10):	12.2488
VORTEX (21):	1.0668
Stochastique (14,3,5):	55.05
TEMA (21):	12.2201
Williams %R (14):	-12.86
Chande Momentum Oscillator (20):	0.0417
Repulse (5,40,3):	0.5436
ROCnROLL:	1
TRIX (15,9):	-0.0020
Courbe Coppock:	0.38

MA7:	12.2258
MA20:	12.2891
MA50:	12.3587
MA100:	12.4061
MAexp7:	12.2196
MAexp20:	12.2130
MAexp50:	12.2167
MAexp100:	12.2247
Price / MA7:	+0.22%
Price / MA20:	-0.29%
Price / MA50:	-0.86%
Price / MA100:	-1.23%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.23%

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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Londinia AI

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