AUD/SEK - Daily - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 7.0356 SEK
My targets
6.8741 SEK (-0.0618)
6.7439 SEK (-0.1920)
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 7.0356 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 7.0356 SEK. The next bearish objective for sellers is set at 6.8741 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.7439 SEK. In case of crossing, the next objective would be the support located at 6.4693 SEK. PS: if there is a bullish break in the resistance located at 7.0356 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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Additional analysis
Quotes
AUD/SEK rating 6.9359 SEK. The price has increased by +0.09% since the last closing with the lowest point at 6.9300 SEK and the highest point at 6.9388 SEK. The deviation from the price is +0.09% for the low point and -0.04% for the high point.6.9300
6.9388
6.9359
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/SEK chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4693 | 6.7439 | 6.8741 | 6.9359 | 6.9570 | 7.0356 | 7.1269 |
| Change (%) | -6.73% | -2.77% | -0.89% | - | +0.30% | +1.44% | +2.75% |
| Change | -0.4666 | -0.1920 | -0.0618 | - | +0.0211 | +0.0997 | +0.1910 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 | 6.8501 | 6.8676 | 6.8986 | 6.9161 | 6.9471 | 6.9646 | 6.9956 |
| Camarilla | 6.9163 | 6.9207 | 6.9252 | 6.9296 | 6.9341 | 6.9385 | 6.9429 |
| Woodie | 6.8569 | 6.8710 | 6.9054 | 6.9195 | 6.9539 | 6.9680 | 7.0024 |
| Fibonacci | 6.8676 | 6.8861 | 6.8976 | 6.9161 | 6.9346 | 6.9461 | 6.9646 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6388 | 6.7074 | 6.7824 | 6.8510 | 6.9260 | 6.9946 | 7.0696 |
| Camarilla | 6.8179 | 6.8311 | 6.8442 | 6.8574 | 6.8706 | 6.8837 | 6.8969 |
| Woodie | 6.6420 | 6.7090 | 6.7856 | 6.8526 | 6.9292 | 6.9962 | 7.0728 |
| Fibonacci | 6.7074 | 6.7623 | 6.7961 | 6.8510 | 6.9059 | 6.9397 | 6.9946 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4074 | 6.5882 | 6.6874 | 6.8682 | 6.9674 | 7.1482 | 7.2474 |
| Camarilla | 6.7097 | 6.7354 | 6.7610 | 6.7867 | 6.8124 | 6.8380 | 6.8637 |
| Woodie | 6.3667 | 6.5678 | 6.6467 | 6.8478 | 6.9267 | 7.1278 | 7.2067 |
| Fibonacci | 6.5882 | 6.6951 | 6.7612 | 6.8682 | 6.9751 | 7.0412 | 7.1482 |
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): | 54.08 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | -0.3433 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 6.8653 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.7866 | |
| Elder Ray (13): | 0.0448 | |
| Super Trend (3,10): | 6.9771 | |
| Zig ZAG (10): | 6.9346 | |
| VORTEX (21): | 1.0262 | |
| Stochastique (14,3,5): | 83.32 | |
| TEMA (21): | 6.8842 | |
| Williams %R (14): | -0.18 | |
| Chande Momentum Oscillator (20): | 0.0946 | |
| Repulse (5,40,3): | 0.8366 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0626 | |
| Courbe Coppock: | 0.61 |
| MA7: | 6.8830 | |
| MA20: | 6.8813 | |
| MA50: | 6.9433 | |
| MA100: | 7.0672 | |
| MAexp7: | 6.8974 | |
| MAexp20: | 6.8927 | |
| MAexp50: | 6.9474 | |
| MAexp100: | 7.0069 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | -1.86% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -1.01% |
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.
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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