AUD/SEK - 1H - Technical analysis published on 04/09/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 6.5387 SEK
My targets
6.4692 SEK (-0.0430)
6.4274 SEK (-0.0848)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/SEK as long as the price remains well below 6.5387 SEK. The sellers” bearish objective is set at 6.4692 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.4274 SEK. In case of crossing, the next objective would be the support located at 6.3691 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
5.4
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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 6.5122 SEK. The price is lower by -0.38% since the last closing and was between 6.4958 SEK and 6.5399 SEK. This implies that the price is at +0.25% from its lowest and at -0.42% from its highest.6.4958
6.5399
6.5122
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/SEK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 6.3691 | 6.4274 | 6.4692 | 6.5122 | 6.5387 | 6.5987 | 6.6266 |
| Change (%) | -2.20% | -1.30% | -0.66% | - | +0.41% | +1.33% | +1.76% |
| Change | -0.1431 | -0.0848 | -0.0430 | - | +0.0265 | +0.0865 | +0.1144 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | 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 | 6.4519 | 6.4906 | 6.5139 | 6.5526 | 6.5759 | 6.6146 | 6.6379 |
| Camarilla | 6.5203 | 6.5259 | 6.5316 | 6.5373 | 6.5430 | 6.5487 | 6.5544 |
| Woodie | 6.4443 | 6.4868 | 6.5063 | 6.5488 | 6.5683 | 6.6108 | 6.6303 |
| Fibonacci | 6.4906 | 6.5143 | 6.5289 | 6.5526 | 6.5763 | 6.5909 | 6.6146 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4996 | 6.5400 | 6.5908 | 6.6312 | 6.6820 | 6.7224 | 6.7732 |
| Camarilla | 6.6165 | 6.6249 | 6.6332 | 6.6416 | 6.6500 | 6.6583 | 6.6667 |
| Woodie | 6.5048 | 6.5426 | 6.5960 | 6.6338 | 6.6872 | 6.7250 | 6.7784 |
| Fibonacci | 6.5400 | 6.5748 | 6.5964 | 6.6312 | 6.6660 | 6.6876 | 6.7224 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3589 | 6.4297 | 6.5301 | 6.6009 | 6.7013 | 6.7721 | 6.8725 |
| Camarilla | 6.5835 | 6.5992 | 6.6149 | 6.6306 | 6.6463 | 6.6620 | 6.6777 |
| Woodie | 6.3738 | 6.4371 | 6.5450 | 6.6083 | 6.7162 | 6.7795 | 6.8874 |
| Fibonacci | 6.4297 | 6.4951 | 6.5355 | 6.6009 | 6.6663 | 6.7067 | 6.7721 |
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): | 37.11 | |
| MACD (12,26,9): | -0.0082 | |
| Directional Movement: | -8.3403 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.5185 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5027 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 6.5347 | |
| Zig ZAG (10): | 6.5235 | |
| VORTEX (21): | 0.9589 | |
| Stochastique (14,3,5): | 73.83 | |
| TEMA (21): | 6.5206 | |
| Williams %R (14): | -38.10 | |
| Chande Momentum Oscillator (20): | -0.0061 | |
| Repulse (5,40,3): | -0.0528 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0213 | |
| Courbe Coppock: | 0.36 |
| MA7: | 6.5960 | |
| MA20: | 6.5954 | |
| MA50: | 6.5369 | |
| MA100: | 6.4379 | |
| MAexp7: | 6.5224 | |
| MAexp20: | 6.5275 | |
| MAexp50: | 6.5470 | |
| MAexp100: | 6.5718 | |
| Price / MA7: | -1.27% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -0.91% |
Quotes :
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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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