AUD/SEK - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 7.1283 SEK
My targets
7.2139 SEK (+0.0399)
7.2636 SEK (+0.0896)
My analysis
AUD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.1283 SEK. The next resistance located at 7.2139 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.2636 SEK. After this resistance, buyers could then target 7.3719 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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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 7.1740 SEK. The price is lower by -0.01% since the last closing and was between 7.1719 SEK and 7.1762 SEK. This implies that the price is at +0.03% from its lowest and at -0.03% from its highest.7.1719
7.1762
7.1740
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
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/SEK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7.0663 | 7.1283 | 7.1687 | 7.1740 | 7.2139 | 7.3719 |
| Change (%) | -1.50% | -0.64% | -0.07% | - | +0.56% | +2.76% |
| Change | -0.1077 | -0.0457 | -0.0053 | - | +0.0399 | +0.1979 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0209 | 7.0537 | 7.1142 | 7.1470 | 7.2075 | 7.2403 | 7.3008 |
| Camarilla | 7.1491 | 7.1577 | 7.1663 | 7.1748 | 7.1834 | 7.1919 | 7.2005 |
| Woodie | 7.0349 | 7.0606 | 7.1282 | 7.1539 | 7.2215 | 7.2472 | 7.3148 |
| Fibonacci | 7.0537 | 7.0893 | 7.1113 | 7.1470 | 7.1826 | 7.2046 | 7.2403 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8825 | 6.9410 | 7.0438 | 7.1023 | 7.2051 | 7.2636 | 7.3664 |
| Camarilla | 7.1021 | 7.1169 | 7.1317 | 7.1465 | 7.1613 | 7.1761 | 7.1909 |
| Woodie | 6.9046 | 6.9521 | 7.0659 | 7.1134 | 7.2272 | 7.2747 | 7.3885 |
| Fibonacci | 6.9410 | 7.0027 | 7.0407 | 7.1023 | 7.1640 | 7.2020 | 7.2636 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4921 | 6.6044 | 6.7760 | 6.8883 | 7.0599 | 7.1722 | 7.3438 |
| Camarilla | 6.8694 | 6.8955 | 6.9215 | 6.9475 | 6.9735 | 6.9996 | 7.0256 |
| Woodie | 6.5217 | 6.6192 | 6.8056 | 6.9031 | 7.0895 | 7.1870 | 7.3734 |
| Fibonacci | 6.6044 | 6.7129 | 6.7799 | 6.8883 | 6.9968 | 7.0638 | 7.1722 |
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): | 63.19 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 3.8318 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 7.1788 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1788 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 7.1493 | |
| Zig ZAG (10): | 7.1745 | |
| VORTEX (21): | 1.0684 | |
| Stochastique (14,3,5): | 80.16 | |
| TEMA (21): | 7.1763 | |
| Williams %R (14): | -19.84 | |
| Chande Momentum Oscillator (20): | 0.0090 | |
| Repulse (5,40,3): | -0.0007 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 0.28 |
| MA7: | 7.1000 | |
| MA20: | 7.0419 | |
| MA50: | 6.9101 | |
| MA100: | 6.8821 | |
| MAexp7: | 7.1731 | |
| MAexp20: | 7.1675 | |
| MAexp50: | 7.1470 | |
| MAexp100: | 7.1176 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +3.82% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.79% |
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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