AUD/SEK - 1H - Technical analysis published on 06/27/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 7.1773 SEK
My targets
7.1269 SEK (-0.0322)
7.0667 SEK (-0.0924)
My analysis
The bearish trend is currently very strong for AUD/SEK. As long as the price remains below the resistance at 7.1773 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.1269 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.0667 SEK as an objective. Crossing it would then enable sellers to target 7.0356 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/SEK rating 7.1591 SEK. The price registered an increase of +0.00% on the session with the lowest point at 7.1490 SEK and the highest point at 7.1904 SEK. The deviation from the price is +0.14% for the low point and -0.44% for the high point.7.1490
7.1904
7.1591
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
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 this 1H chart of AUD/SEK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
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
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 | 6.9570 | 7.0356 | 7.1269 | 7.1591 | 7.1773 | 7.2244 | 7.2866 |
| Change (%) | -2.82% | -1.73% | -0.45% | - | +0.25% | +0.91% | +1.78% |
| Change | -0.2021 | -0.1235 | -0.0322 | - | +0.0182 | +0.0653 | +0.1275 |
| Level | Major | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0861 | 7.1097 | 7.1344 | 7.1580 | 7.1827 | 7.2063 | 7.2310 |
| Camarilla | 7.1459 | 7.1504 | 7.1548 | 7.1592 | 7.1636 | 7.1681 | 7.1725 |
| Woodie | 7.0868 | 7.1100 | 7.1351 | 7.1583 | 7.1834 | 7.2066 | 7.2317 |
| Fibonacci | 7.1097 | 7.1281 | 7.1395 | 7.1580 | 7.1764 | 7.1878 | 7.2063 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8419 | 6.9911 | 7.0667 | 7.2159 | 7.2915 | 7.4407 | 7.5163 |
| Camarilla | 7.0806 | 7.1012 | 7.1218 | 7.1424 | 7.1630 | 7.1836 | 7.2042 |
| Woodie | 6.8052 | 6.9727 | 7.0300 | 7.1975 | 7.2548 | 7.4223 | 7.4796 |
| Fibonacci | 6.9911 | 7.0769 | 7.1300 | 7.2159 | 7.3017 | 7.3548 | 7.4407 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5213 | 6.6487 | 6.8516 | 6.9790 | 7.1819 | 7.3093 | 7.5122 |
| Camarilla | 6.9638 | 6.9941 | 7.0243 | 7.0546 | 7.0849 | 7.1152 | 7.1454 |
| Woodie | 6.5592 | 6.6676 | 6.8895 | 6.9979 | 7.2198 | 7.3282 | 7.5501 |
| Fibonacci | 6.6487 | 6.7748 | 6.8528 | 6.9790 | 7.1051 | 7.1831 | 7.3093 |
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): | 43.73 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -8.9118 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.1708 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1904 | |
| Elder Ray (13): | -0.0161 | |
| Super Trend (3,10): | 7.1877 | |
| Zig ZAG (10): | 7.1574 | |
| VORTEX (21): | 0.9518 | |
| Stochastique (14,3,5): | 38.69 | |
| TEMA (21): | 7.1726 | |
| Williams %R (14): | -78.74 | |
| Chande Momentum Oscillator (20): | -0.0273 | |
| Repulse (5,40,3): | -0.1501 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.07 |
| MA7: | 7.2300 | |
| MA20: | 7.2312 | |
| MA50: | 7.0489 | |
| MA100: | 7.0428 | |
| MAexp7: | 7.1685 | |
| MAexp20: | 7.1696 | |
| MAexp50: | 7.1742 | |
| MAexp100: | 7.1962 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | +1.56% | |
| Price / MA100: | +1.65% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.52% |
Quotes :
-
Real time data
-
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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