AUD/SEK - 1H - Technical analysis published on 05/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 6.4473 SEK
My targets
6.4109 SEK (-0.0170)
6.3691 SEK (-0.0588)
My analysis
AUD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.4473 SEK. The next support located at 6.4109 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.3691 SEK. Below this support, sellers could then target 6.2557 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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
The AUD/SEK rating is 6.4279 SEK. The price is lower by -0.38% since the last closing and was traded between 6.4267 SEK and 6.4565 SEK over the period. The price is currently at +0.02% from its lowest and -0.44% from its highest.6.4267
6.4565
6.4279
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/SEK:
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.2557 | 6.3691 | 6.4274 | 6.4279 | 6.4473 | 6.4695 | 6.4878 |
| Change (%) | -2.68% | -0.91% | -0.01% | - | +0.30% | +0.65% | +0.93% |
| Change | -0.1722 | -0.0588 | -0.0005 | - | +0.0194 | +0.0416 | +0.0599 |
| Level | Major | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4117 | 6.4295 | 6.4411 | 6.4589 | 6.4705 | 6.4883 | 6.4999 |
| Camarilla | 6.4446 | 6.4473 | 6.4500 | 6.4527 | 6.4554 | 6.4581 | 6.4608 |
| Woodie | 6.4086 | 6.4280 | 6.4380 | 6.4574 | 6.4674 | 6.4868 | 6.4968 |
| Fibonacci | 6.4295 | 6.4407 | 6.4477 | 6.4589 | 6.4701 | 6.4771 | 6.4883 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3516 | 6.4109 | 6.4454 | 6.5047 | 6.5392 | 6.5985 | 6.6330 |
| Camarilla | 6.4540 | 6.4626 | 6.4712 | 6.4798 | 6.4884 | 6.4970 | 6.5056 |
| Woodie | 6.3391 | 6.4047 | 6.4329 | 6.4985 | 6.5267 | 6.5923 | 6.6205 |
| Fibonacci | 6.4109 | 6.4468 | 6.4689 | 6.5047 | 6.5406 | 6.5627 | 6.5985 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2506 | 6.3653 | 6.4492 | 6.5639 | 6.6478 | 6.7625 | 6.8464 |
| Camarilla | 6.4785 | 6.4967 | 6.5149 | 6.5331 | 6.5513 | 6.5695 | 6.5877 |
| Woodie | 6.2352 | 6.3576 | 6.4338 | 6.5562 | 6.6324 | 6.7548 | 6.8310 |
| Fibonacci | 6.3653 | 6.4412 | 6.4880 | 6.5639 | 6.6398 | 6.6866 | 6.7625 |
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): | 32.98 | |
| MACD (12,26,9): | -0.0054 | |
| Directional Movement: | -10.5846 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 6.4433 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4513 | |
| Elder Ray (13): | -0.0073 | |
| Super Trend (3,10): | 6.4643 | |
| Zig ZAG (10): | 6.4345 | |
| VORTEX (21): | 0.8650 | |
| Stochastique (14,3,5): | 10.94 | |
| TEMA (21): | 6.4395 | |
| Williams %R (14): | -88.50 | |
| Chande Momentum Oscillator (20): | -0.0184 | |
| Repulse (5,40,3): | -0.0918 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0069 | |
| Courbe Coppock: | 0.55 |
| MA7: | 6.4617 | |
| MA20: | 6.5065 | |
| MA50: | 6.5447 | |
| MA100: | 6.5038 | |
| MAexp7: | 6.4373 | |
| MAexp20: | 6.4493 | |
| MAexp50: | 6.4548 | |
| MAexp100: | 6.4629 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | -1.78% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.54% |
Quotes :
-
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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