AUD/SEK - 1H - Technical analysis published on 10/27/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 6.2358 SEK
My targets
6.2548 SEK (+0.0118)
6.2925 SEK (+0.0495)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/SEK as long as the price remains well above 6.2358 SEK. The buyers” bullish objective is set at 6.2548 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.2925 SEK. If there is any crossing, the next objective would be the resistance located at 6.4047 SEK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/SEK rating 6.2430 SEK. The price has increased by +0.33% since the last closing and was traded between 6.2215 SEK and 6.2434 SEK over the period. The price is currently at +0.35% from its lowest and -0.01% from its highest.6.2215
6.2434
6.2430
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
Here is a more detailed summary of the historical variations registered by AUD/SEK:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
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
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Upside gap
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.2021 | 6.2169 | 6.2358 | 6.2430 | 6.2548 | 6.2925 | 6.4047 |
| Change (%) | -0.66% | -0.42% | -0.12% | - | +0.19% | +0.79% | +2.59% |
| Change | -0.0409 | -0.0261 | -0.0072 | - | +0.0118 | +0.0495 | +0.1617 |
| Level | Minor | Major | Minor | - | Major | 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 | 6.1609 | 6.1889 | 6.2056 | 6.2336 | 6.2503 | 6.2783 | 6.2950 |
| Camarilla | 6.2101 | 6.2142 | 6.2183 | 6.2224 | 6.2265 | 6.2306 | 6.2347 |
| Woodie | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.2895 |
| Fibonacci | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0361 | 6.0969 | 6.1710 | 6.2318 | 6.3059 | 6.3667 | 6.4408 |
| Camarilla | 6.2079 | 6.2203 | 6.2326 | 6.2450 | 6.2574 | 6.2697 | 6.2821 |
| Woodie | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.4474 |
| Fibonacci | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Camarilla | 6.3827 | 6.3932 | 6.4038 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Woodie | 6.2417 | 6.2910 | 6.3568 | 6.4061 | 6.4719 | 6.5212 | 6.5870 |
| Fibonacci | 6.2883 | 6.3323 | 6.3594 | 6.4034 | 6.4474 | 6.4745 | 6.5185 |
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): | 49.69 | |
| MACD (12,26,9): | 0.0042 | |
| Directional Movement: | -2.9120 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.0819 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0000 | |
| Elder Ray (13): | 5.3430 | |
| Super Trend (3,10): | 4.3632 | |
| Zig ZAG (10): | 6.2348 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 65.81 | |
| TEMA (21): | 1.5501 | |
| Williams %R (14): | -0.06 | |
| Chande Momentum Oscillator (20): | 6.2327 | |
| Repulse (5,40,3): | -0.0193 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1,217,285.0000 | |
| Courbe Coppock: | 226,650,880.00 |
| MA7: | 6.2216 | |
| MA20: | 6.3060 | |
| MA50: | 6.3428 | |
| MA100: | 6.3464 | |
| MAexp7: | 6.2527 | |
| MAexp20: | 6.2402 | |
| MAexp50: | 6.2373 | |
| MAexp100: | 6.2360 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | -1.63% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.11% |
Quotes :
2020-10-27 08:26:43
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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