AUD/ZAR

- ZAR (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	AUDZAR
ISIN:

AUD/ZAR - Daily - Technical analysis published on 01/11/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

11%

61%

28%

My opinion

Bearish under 11.3324 ZAR

My targets

11.0538 ZAR (-0.1448)

10.6360 ZAR (-0.5626)

My analysis

The strong short-term decrease of AUD/ZAR should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 11.3324 ZAR, a sale could be considered. The first bearish objective is located at 11.0538 ZAR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 10.6360 ZAR. If there is any crossing, the next objective would be support 10.4071 ZAR. Caution, if there is a return to above 11.3324 ZAR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

Force

2.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/ZAR rating is 11.1986 ZAR. The price registered a decrease of -0.55% on the session and was between 11.1868 ZAR and 11.2779 ZAR. This implies that the price is at +0.11% from its lowest and at -0.70% from its highest.

11.1868

11.2779

11.1986

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:

Technical

Technical analysis of this Daily chart of AUD/ZAR indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.4071	10.6360	11.0538	11.1986	11.2170	11.3324	11.4638
Change (%)	-7.07%	-5.02%	-1.29%	-	+0.16%	+1.19%	+2.37%
Change	-0.7915	-0.5626	-0.1448	-	+0.0184	+0.1338	+0.2652
Level	Major	Minor	Major	-	Major	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	11.0756	11.1221	11.1913	11.2378	11.3070	11.3535	11.4227
Camarilla	11.2286	11.2392	11.2498	11.2604	11.2710	11.2816	11.2922
Woodie	11.0869	11.1278	11.2026	11.2435	11.3183	11.3592	11.4340
Fibonacci	11.1221	11.1663	11.1936	11.2378	11.2820	11.3093	11.3535

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.4999	10.8172	11.0006	11.3179	11.5013	11.8186	12.0020
Camarilla	11.0462	11.0921	11.1380	11.1839	11.2298	11.2757	11.3216
Woodie	10.4329	10.7837	10.9336	11.2844	11.4343	11.7851	11.9350
Fibonacci	10.8172	11.0085	11.1267	11.3179	11.5092	11.6274	11.8186

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.8211	10.9909	11.2908	11.4606	11.7605	11.9303	12.2302
Camarilla	11.4616	11.5047	11.5477	11.5908	11.6339	11.6769	11.7200
Woodie	10.8863	11.0234	11.3560	11.4931	11.8257	11.9628	12.2954
Fibonacci	10.9909	11.1703	11.2811	11.4606	11.6400	11.7508	11.9303

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):	43.77
MACD (12,26,9):	-0.0131
Directional Movement:	-8.2127
AROON (14):	-28.5714
DEMA (21):	11.3559
Parabolic SAR (0,02-0,02-0,2):	11.5885
Elder Ray (13):	-0.1087
Super Trend (3,10):	11.1268
Zig ZAG (10):	11.1997
VORTEX (21):	0.9620
Stochastique (14,3,5):	16.09
TEMA (21):	11.3076
Williams %R (14):	-86.94
Chande Momentum Oscillator (20):	-0.0539
Repulse (5,40,3):	-1.4247
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	0.15

MA7:	11.3461
MA20:	11.3723
MA50:	11.3481
MA100:	11.1023
MAexp7:	11.3071
MAexp20:	11.3590
MAexp50:	11.3078
MAexp100:	11.1978
Price / MA7:	-1.30%
Price / MA20:	-1.53%
Price / MA50:	-1.32%
Price / MA100:	+0.87%
Price / MAexp7:	-0.96%
Price / MAexp20:	-1.41%
Price / MAexp50:	-0.97%
Price / MAexp100:	+0.01%

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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