AUD/SEK - 1H - Technical analysis published on 02/27/2023 (GMT)
- 122
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 7.0888 SEK
My targets
7.0513 SEK (-0.0106)
7.0143 SEK (-0.0476)
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 7.0888 SEK. The sellers' bearish objective is set at 7.0513 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.0143 SEK. In case of crossing, the next objective would be the support located at 6.9570 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 7.0619 SEK. The price has increased by +0.00% since the last closing and was traded between 7.0602 SEK and 7.0634 SEK over the period. The price is currently at +0.02% from its lowest and -0.02% from its highest.7.0602
7.0634
7.0619
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
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/SEK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9570 | 7.0143 | 7.0513 | 7.0619 | 7.0888 | 7.1273 | 7.2169 |
| Change (%) | -1.49% | -0.67% | -0.15% | - | +0.38% | +0.93% | +2.19% |
| Change | -0.1049 | -0.0476 | -0.0106 | - | +0.0269 | +0.0654 | +0.1550 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Major |
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 | 7.0391 | 7.0492 | 7.0557 | 7.0658 | 7.0723 | 7.0824 | 7.0889 |
| Camarilla | 7.0575 | 7.0591 | 7.0606 | 7.0621 | 7.0636 | 7.0651 | 7.0667 |
| Woodie | 7.0372 | 7.0483 | 7.0538 | 7.0649 | 7.0704 | 7.0815 | 7.0870 |
| Fibonacci | 7.0492 | 7.0556 | 7.0595 | 7.0658 | 7.0722 | 7.0761 | 7.0824 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7761 | 6.8952 | 6.9793 | 7.0984 | 7.1825 | 7.3016 | 7.3857 |
| Camarilla | 7.0075 | 7.0262 | 7.0448 | 7.0634 | 7.0820 | 7.1007 | 7.1193 |
| Woodie | 6.7586 | 6.8865 | 6.9618 | 7.0897 | 7.1650 | 7.2929 | 7.3682 |
| Fibonacci | 6.8952 | 6.9728 | 7.0208 | 7.0984 | 7.1760 | 7.2240 | 7.3016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8073 | 6.9326 | 7.1470 | 7.2723 | 7.4867 | 7.6120 | 7.8264 |
| Camarilla | 7.2681 | 7.2992 | 7.3304 | 7.3615 | 7.3926 | 7.4238 | 7.4549 |
| Woodie | 6.8520 | 6.9549 | 7.1917 | 7.2946 | 7.5314 | 7.6343 | 7.8711 |
| Fibonacci | 6.9326 | 7.0623 | 7.1425 | 7.2723 | 7.4020 | 7.4822 | 7.6120 |
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): | 44.81 | |
| MACD (12,26,9): | -0.0065 | |
| Directional Movement: | -4.0842 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.0575 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0435 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 7.0739 | |
| Zig ZAG (10): | 7.0637 | |
| VORTEX (21): | 0.8780 | |
| Stochastique (14,3,5): | 84.77 | |
| TEMA (21): | 7.0584 | |
| Williams %R (14): | -19.29 | |
| Chande Momentum Oscillator (20): | 0.0299 | |
| Repulse (5,40,3): | -0.0914 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0196 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.1121 | |
| MA20: | 7.2213 | |
| MA50: | 7.1878 | |
| MA100: | 7.1100 | |
| MAexp7: | 7.0637 | |
| MAexp20: | 7.0674 | |
| MAexp50: | 7.0810 | |
| MAexp100: | 7.1009 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.55% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AUD/SEK - 1H