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 05/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 12.1743 ZAR

My targets

12.2360 ZAR (+0.0200)

12.2759 ZAR (+0.0599)

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 12.1743 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 12.2360 ZAR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 12.2759 ZAR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 12.3491 ZAR. Beware of a possible return to under the support located at 12.1743 ZAR which would be the sign of a correction of the bullish excesses registered in the short term.

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

3.9

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

AUD/ZAR rating 12.2160 ZAR. The price registered a decrease of -0.02% on the session with the lowest point at 12.1674 ZAR and the highest point at 12.2398 ZAR. The deviation from the price is +0.40% for the low point and -0.19% for the high point.

12.1674

12.2398

12.2160

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 1H chart of AUD/ZAR indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.1037	12.1743	12.2136	12.2160	12.2360	12.2759	12.3491
Change (%)	-0.92%	-0.34%	-0.02%	-	+0.16%	+0.49%	+1.09%
Change	-0.1123	-0.0417	-0.0024	-	+0.0200	+0.0599	+0.1331
Level	Intermediate	Major	Major	-	Minor	Major	Minor

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	12.0896	12.1323	12.1756	12.2183	12.2616	12.3043	12.3476
Camarilla	12.1953	12.2031	12.2110	12.2189	12.2268	12.2347	12.2426
Woodie	12.0899	12.1325	12.1759	12.2185	12.2619	12.3045	12.3479
Fibonacci	12.1323	12.1652	12.1855	12.2183	12.2512	12.2715	12.3043

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.7908	11.9275	12.0757	12.2124	12.3606	12.4973	12.6455
Camarilla	12.1456	12.1717	12.1978	12.2239	12.2500	12.2761	12.3023
Woodie	11.7966	11.9304	12.0815	12.2153	12.3664	12.5002	12.6513
Fibonacci	11.9275	12.0363	12.1036	12.2124	12.3212	12.3885	12.4973

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.6482	11.8924	12.0305	12.2747	12.4128	12.6570	12.7951
Camarilla	12.0635	12.0985	12.1336	12.1686	12.2036	12.2387	12.2737
Woodie	11.5952	11.8659	11.9775	12.2482	12.3598	12.6305	12.7421
Fibonacci	11.8924	12.0384	12.1287	12.2747	12.4207	12.5110	12.6570

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.29
MACD (12,26,9):	0.0012
Directional Movement:	1.3592
AROON (14):	50.0000
DEMA (21):	12.2137
Parabolic SAR (0,02-0,02-0,2):	12.1792
Elder Ray (13):	0.0079
Super Trend (3,10):	12.1656
Zig ZAG (10):	12.2213
VORTEX (21):	0.9941
Stochastique (14,3,5):	72.84
TEMA (21):	12.2134
Williams %R (14):	-37.15
Chande Momentum Oscillator (20):	0.0311
Repulse (5,40,3):	-0.0389
ROCnROLL:	1
TRIX (15,9):	-0.0026
Courbe Coppock:	0.01

MA7:	12.2006
MA20:	12.2586
MA50:	12.3026
MA100:	12.3820
MAexp7:	12.2159
MAexp20:	12.2135
MAexp50:	12.2140
MAexp100:	12.2157
Price / MA7:	+0.13%
Price / MA20:	-0.35%
Price / MA50:	-0.70%
Price / MA100:	-1.34%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.01%
Price / MAexp100:	+0.00%

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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