AUD/SEK - 1H - Technical analysis published on 05/23/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 7.1178 SEK
My targets
7.0598 SEK (-0.0456)
7.0192 SEK (-0.0862)
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 7.1178 SEK. The sellers' bearish objective is set at 7.0598 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.0192 SEK. In case of crossing, the next objective would be the support located at 6.9253 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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 rating is 7.1054 SEK. The price is lower by -0.01% since the last closing and was traded between 7.0980 SEK and 7.1115 SEK over the period. The price is currently at +0.10% from its lowest and -0.09% from its highest.7.0980
7.1115
7.1054
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 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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 6.9253 | 7.0192 | 7.1036 | 7.1054 | 7.1178 | 7.1297 | 7.1567 |
| Change (%) | -2.53% | -1.21% | -0.03% | - | +0.17% | +0.34% | +0.72% |
| Change | -0.1801 | -0.0862 | -0.0018 | - | +0.0124 | +0.0243 | +0.0513 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0363 | 7.0687 | 7.0875 | 7.1199 | 7.1387 | 7.1711 | 7.1899 |
| Camarilla | 7.0921 | 7.0968 | 7.1015 | 7.1062 | 7.1109 | 7.1156 | 7.1203 |
| Woodie | 7.0294 | 7.0653 | 7.0806 | 7.1165 | 7.1318 | 7.1677 | 7.1830 |
| Fibonacci | 7.0687 | 7.0883 | 7.1004 | 7.1199 | 7.1395 | 7.1516 | 7.1711 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0598 | 7.0888 | 7.1293 | 7.1583 | 7.1988 | 7.2278 | 7.2683 |
| Camarilla | 7.1507 | 7.1571 | 7.1634 | 7.1698 | 7.1762 | 7.1825 | 7.1889 |
| Woodie | 7.0656 | 7.0917 | 7.1351 | 7.1612 | 7.2046 | 7.2307 | 7.2741 |
| Fibonacci | 7.0888 | 7.1154 | 7.1318 | 7.1583 | 7.1849 | 7.2013 | 7.2278 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7588 | 6.8534 | 6.9937 | 7.0883 | 7.2286 | 7.3232 | 7.4635 |
| Camarilla | 7.0695 | 7.0910 | 7.1126 | 7.1341 | 7.1556 | 7.1772 | 7.1987 |
| Woodie | 6.7818 | 6.8648 | 7.0167 | 7.0997 | 7.2516 | 7.3346 | 7.4865 |
| Fibonacci | 6.8534 | 6.9431 | 6.9985 | 7.0883 | 7.1780 | 7.2334 | 7.3232 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.34 | |
| MACD (12,26,9): | -0.0071 | |
| Directional Movement: | -13.9999 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 7.1053 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1114 | |
| Elder Ray (13): | -0.0066 | |
| Super Trend (3,10): | 7.1289 | |
| Zig ZAG (10): | 7.1046 | |
| VORTEX (21): | 0.9049 | |
| Stochastique (14,3,5): | 11.12 | |
| TEMA (21): | 7.1015 | |
| Williams %R (14): | -79.78 | |
| Chande Momentum Oscillator (20): | -0.0131 | |
| Repulse (5,40,3): | -0.0274 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0108 | |
| Courbe Coppock: | 0.79 |
| MA7: | 7.1334 | |
| MA20: | 7.1483 | |
| MA50: | 7.0413 | |
| MA100: | 6.9309 | |
| MAexp7: | 7.1058 | |
| MAexp20: | 7.1136 | |
| MAexp50: | 7.1229 | |
| MAexp100: | 7.1322 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +2.52% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.38% |
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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