AUD/SEK - 1H - Technical analysis published on 07/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 6.3645 SEK
My targets
6.3334 SEK (-0.0160)
6.2557 SEK (-0.0937)
My analysis
With a strongly bearish trend, the price of AUD/SEK is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.3645 SEK remains possible. It would be possible for traders to only trade short positions (for sale) on AUD/SEK as long as the price remains well below 6.3645 SEK. The next bearish objective for sellers is set at 6.3334 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.2557 SEK. In case of crossing, the next objective would be the support located at 6.1634 SEK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 6.3494 SEK. On the day, this instrument lost -0.07% and was between 6.3431 SEK and 6.3578 SEK. This implies that the price is at +0.10% from its lowest and at -0.13% from its highest.6.3431
6.3578
6.3494
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 4 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.1634 | 6.2557 | 6.3334 | 6.3494 | 6.3645 | 6.3891 | 6.4239 |
| Change (%) | -2.93% | -1.48% | -0.25% | - | +0.24% | +0.63% | +1.17% |
| Change | -0.1860 | -0.0937 | -0.0160 | - | +0.0151 | +0.0397 | +0.0745 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | 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 | 6.2968 | 6.3150 | 6.3344 | 6.3526 | 6.3720 | 6.3902 | 6.4096 |
| Camarilla | 6.3436 | 6.3470 | 6.3505 | 6.3539 | 6.3574 | 6.3608 | 6.3642 |
| Woodie | 6.2975 | 6.3153 | 6.3351 | 6.3529 | 6.3727 | 6.3905 | 6.4103 |
| Fibonacci | 6.3150 | 6.3293 | 6.3382 | 6.3526 | 6.3669 | 6.3758 | 6.3902 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2907 | 6.3235 | 6.3620 | 6.3948 | 6.4333 | 6.4661 | 6.5046 |
| Camarilla | 6.3809 | 6.3874 | 6.3940 | 6.4005 | 6.4070 | 6.4136 | 6.4201 |
| Woodie | 6.2936 | 6.3249 | 6.3649 | 6.3962 | 6.4362 | 6.4675 | 6.5075 |
| Fibonacci | 6.3235 | 6.3507 | 6.3676 | 6.3948 | 6.4220 | 6.4389 | 6.4661 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2428 | 6.3077 | 6.3592 | 6.4241 | 6.4756 | 6.5405 | 6.5920 |
| Camarilla | 6.3786 | 6.3893 | 6.3999 | 6.4106 | 6.4213 | 6.4319 | 6.4426 |
| Woodie | 6.2360 | 6.3044 | 6.3524 | 6.4208 | 6.4688 | 6.5372 | 6.5852 |
| Fibonacci | 6.3077 | 6.3522 | 6.3797 | 6.4241 | 6.4686 | 6.4961 | 6.5405 |
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): | 42.40 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -9.7071 | |
| AROON (14): | 0 | |
| DEMA (21): | 6.3451 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.3591 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 6.3676 | |
| Zig ZAG (10): | 6.3455 | |
| VORTEX (21): | 0.9818 | |
| Stochastique (14,3,5): | 47.44 | |
| TEMA (21): | 6.3477 | |
| Williams %R (14): | -58.36 | |
| Chande Momentum Oscillator (20): | 0.0044 | |
| Repulse (5,40,3): | -0.0797 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.14 |
| MA7: | 6.3790 | |
| MA20: | 6.4096 | |
| MA50: | 6.4150 | |
| MA100: | 6.4826 | |
| MAexp7: | 6.3492 | |
| MAexp20: | 6.3510 | |
| MAexp50: | 6.3606 | |
| MAexp100: | 6.3725 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -2.05% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.36% |
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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