AUD/SEK - 1H - Technical analysis published on 12/05/2022 (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:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 7.0482 SEK
My targets
7.0118 SEK (-0.0202)
6.9570 SEK (-0.0750)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.0482 SEK remains possible. It is advisable to trade AUD/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.0482 SEK. The next bearish objective for sellers is set at 7.0118 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.9570 SEK. In case of crossing, the next objective would be the support located at 6.9115 SEK. PS: if there is a bullish break in the resistance located at 7.0482 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/SEK price is 7.0320 SEK. The price is lower by -0.01% since the last closing and was traded between 7.0273 SEK and 7.0337 SEK over the period. The price is currently at +0.07% from its lowest and -0.02% from its highest.7.0273
7.0337
7.0320
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9115 | 6.9570 | 7.0118 | 7.0320 | 7.0482 | 7.0754 | 7.0974 |
| Change (%) | -1.71% | -1.07% | -0.29% | - | +0.23% | +0.62% | +0.93% |
| Change | -0.1205 | -0.0750 | -0.0202 | - | +0.0162 | +0.0434 | +0.0654 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 6.9625 | 6.9767 | 7.0046 | 7.0188 | 7.0467 | 7.0609 | 7.0888 |
| Camarilla | 7.0208 | 7.0247 | 7.0285 | 7.0324 | 7.0363 | 7.0401 | 7.0440 |
| Woodie | 6.9693 | 6.9801 | 7.0114 | 7.0222 | 7.0535 | 7.0643 | 7.0956 |
| Fibonacci | 6.9767 | 6.9928 | 7.0028 | 7.0188 | 7.0349 | 7.0449 | 7.0609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7202 | 6.8378 | 6.9252 | 7.0428 | 7.1302 | 7.2478 | 7.3352 |
| Camarilla | 6.9562 | 6.9750 | 6.9938 | 7.0126 | 7.0314 | 7.0502 | 7.0690 |
| Woodie | 6.7051 | 6.8303 | 6.9101 | 7.0353 | 7.1151 | 7.2403 | 7.3201 |
| Fibonacci | 6.8378 | 6.9161 | 6.9645 | 7.0428 | 7.1211 | 7.1695 | 7.2478 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7610 | 6.8415 | 6.9837 | 7.0642 | 7.2064 | 7.2869 | 7.4291 |
| Camarilla | 7.0648 | 7.0852 | 7.1056 | 7.1260 | 7.1464 | 7.1668 | 7.1872 |
| Woodie | 6.7920 | 6.8569 | 7.0147 | 7.0796 | 7.2374 | 7.3023 | 7.4601 |
| Fibonacci | 6.8415 | 6.9265 | 6.9791 | 7.0642 | 7.1492 | 7.2018 | 7.2869 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.06 | |
| MACD (12,26,9): | -0.0086 | |
| Directional Movement: | -4.9402 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 7.0187 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0374 | |
| Elder Ray (13): | -0.0061 | |
| Super Trend (3,10): | 7.0551 | |
| Zig ZAG (10): | 7.0294 | |
| VORTEX (21): | 0.9681 | |
| Stochastique (14,3,5): | 29.90 | |
| TEMA (21): | 7.0201 | |
| Williams %R (14): | -47.73 | |
| Chande Momentum Oscillator (20): | -0.0174 | |
| Repulse (5,40,3): | 0.3157 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0157 | |
| Courbe Coppock: | 0.43 |
| MA7: | 7.0467 | |
| MA20: | 7.0435 | |
| MA50: | 7.0725 | |
| MA100: | 7.1462 | |
| MAexp7: | 7.0215 | |
| MAexp20: | 7.0305 | |
| MAexp50: | 7.0465 | |
| MAexp100: | 7.0546 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.32% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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