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 11/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 11.7681 ZAR

My targets

11.8158 ZAR (+0.0316)

11.8486 ZAR (+0.0644)

My analysis

The bullish trend is currently very strong on AUD/ZAR. As long as the price remains above the support at 11.7681 ZAR, you could try to benefit from the boom. The first bullish objective is located at 11.8158 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.8486 ZAR as an objective. Crossing it would then enable buyers to target 11.8818 ZAR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.3

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 price is 11.7842 ZAR. The price registered a decrease of -0.01% on the session and was between 11.7149 ZAR and 11.8005 ZAR. This implies that the price is at +0.59% from its lowest and at -0.14% from its highest.

11.7149

11.8005

11.7842

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUD/ZAR in 1H shows a strongly overall bullish trend. 82.14% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.7239	11.7453	11.7681	11.7842	11.7903	11.8158	11.8486
Change (%)	-0.51%	-0.33%	-0.14%	-	+0.05%	+0.27%	+0.55%
Change	-0.0603	-0.0389	-0.0161	-	+0.0061	+0.0316	+0.0644
Level	Major	Minor	Minor	-	Minor	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.5990	11.6617	11.7234	11.7861	11.8478	11.9105	11.9722
Camarilla	11.7510	11.7624	11.7738	11.7852	11.7966	11.8080	11.8194
Woodie	11.5986	11.6615	11.7230	11.7859	11.8474	11.9103	11.9718
Fibonacci	11.6617	11.7092	11.7386	11.7861	11.8336	11.8630	11.9105

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.2863	11.4309	11.5927	11.7373	11.8991	12.0437	12.2055
Camarilla	11.6703	11.6984	11.7265	11.7546	11.7827	11.8108	11.8389
Woodie	11.2950	11.4352	11.6014	11.7416	11.9078	12.0480	12.2142
Fibonacci	11.4309	11.5479	11.6202	11.7373	11.8543	11.9266	12.0437

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.8960	11.2146	11.3959	11.7145	11.8958	12.2144	12.3957
Camarilla	11.4397	11.4856	11.5314	11.5772	11.6230	11.6689	11.7147
Woodie	10.8274	11.1803	11.3273	11.6802	11.8272	12.1801	12.3271
Fibonacci	11.2146	11.4056	11.5235	11.7145	11.9055	12.0234	12.2144

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):	54.77
MACD (12,26,9):	-0.0025
Directional Movement:	3.1545
AROON (14):	42.8571
DEMA (21):	11.7629
Parabolic SAR (0,02-0,02-0,2):	11.7194
Elder Ray (13):	0.0224
Super Trend (3,10):	11.8011
Zig ZAG (10):	11.7859
VORTEX (21):	1.0018
Stochastique (14,3,5):	76.84
TEMA (21):	11.7633
Williams %R (14):	-19.37
Chande Momentum Oscillator (20):	0.0209
Repulse (5,40,3):	0.1553
ROCnROLL:	1
TRIX (15,9):	-0.0094
Courbe Coppock:	0.14

MA7:	11.7716
MA20:	11.6820
MA50:	11.7734
MA100:	11.9094
MAexp7:	11.7700
MAexp20:	11.7681
MAexp50:	11.7725
MAexp100:	11.7686
Price / MA7:	+0.11%
Price / MA20:	+0.87%
Price / MA50:	+0.09%
Price / MA100:	-1.05%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.13%

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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