AUD/ZAR - 1H - Technical analysis published on 04/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 12.0003 ZAR
My targets
11.8483 ZAR (-0.0670)
11.7613 ZAR (-0.1540)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/ZAR. As long as you are under the resistance located at 12.0003 ZAR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11.8483 ZAR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11.7613 ZAR as an objective. Crossing it would then enable sellers to target 11.6414 ZAR. If the resistance 12.0003 ZAR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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Additional analysis
Quotes
The AUD/ZAR rating is 11.9153 ZAR. On the day, this instrument gained +0.38% and was traded between 11.8250 ZAR and 11.9190 ZAR over the period. The price is currently at +0.76% from its lowest and -0.03% from its highest.11.8250
11.9190
11.9153
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6414 | 11.7613 | 11.8483 | 11.9153 | 11.9200 | 12.0648 | 12.1622 |
| Change (%) | -2.30% | -1.29% | -0.56% | - | +0.04% | +1.25% | +2.07% |
| Change | -0.2739 | -0.1540 | -0.0670 | - | +0.0047 | +0.1495 | +0.2469 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 11.7779 | 11.8146 | 11.8425 | 11.8792 | 11.9071 | 11.9438 | 11.9717 |
| Camarilla | 11.8525 | 11.8585 | 11.8644 | 11.8703 | 11.8762 | 11.8821 | 11.8881 |
| Woodie | 11.7734 | 11.8124 | 11.8380 | 11.8770 | 11.9026 | 11.9416 | 11.9672 |
| Fibonacci | 11.8146 | 11.8393 | 11.8546 | 11.8792 | 11.9039 | 11.9192 | 11.9438 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3332 | 11.5908 | 11.7427 | 12.0003 | 12.1522 | 12.4098 | 12.5617 |
| Camarilla | 11.7821 | 11.8196 | 11.8572 | 11.8947 | 11.9322 | 11.9698 | 12.0073 |
| Woodie | 11.2805 | 11.5644 | 11.6900 | 11.9739 | 12.0995 | 12.3834 | 12.5090 |
| Fibonacci | 11.5908 | 11.7472 | 11.8438 | 12.0003 | 12.1567 | 12.2533 | 12.4098 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0588 | 11.4536 | 11.6741 | 12.0689 | 12.2894 | 12.6842 | 12.9047 |
| Camarilla | 11.7255 | 11.7819 | 11.8383 | 11.8947 | 11.9511 | 12.0075 | 12.0639 |
| Woodie | 10.9718 | 11.4100 | 11.5871 | 12.0253 | 12.2024 | 12.6406 | 12.8177 |
| Fibonacci | 11.4536 | 11.6886 | 11.8338 | 12.0689 | 12.3039 | 12.4491 | 12.6842 |
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): | 47.03 | |
| MACD (12,26,9): | -0.0224 | |
| Directional Movement: | -13.1689 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 11.8697 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9142 | |
| Elder Ray (13): | -0.0035 | |
| Super Trend (3,10): | 11.9637 | |
| Zig ZAG (10): | 11.9037 | |
| VORTEX (21): | 0.8771 | |
| Stochastique (14,3,5): | 59.29 | |
| TEMA (21): | 11.8781 | |
| Williams %R (14): | -14.84 | |
| Chande Momentum Oscillator (20): | 0.0207 | |
| Repulse (5,40,3): | 0.3521 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0345 | |
| Courbe Coppock: | 0.27 |
| MA7: | 12.0138 | |
| MA20: | 12.1404 | |
| MA50: | 12.2465 | |
| MA100: | 11.9563 | |
| MAexp7: | 11.8884 | |
| MAexp20: | 11.9036 | |
| MAexp50: | 11.9592 | |
| MAexp100: | 12.0266 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -1.85% | |
| Price / MA50: | -2.70% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.92% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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