AUD/SEK
AUD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDSEK
ISIN:

AUD/SEK - 1H - Technical analysis published on 06/20/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.9421 SEK
My targets
6.9878 SEK (+0.0195)
7.0124 SEK (+0.0441)
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 6.9421 SEK. The next resistance located at 6.9878 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 7.0124 SEK. After this resistance, buyers could then target 7.0756 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
8

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:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/SEK rating 6.9683 SEK. On the day, this instrument lost -0.01% and was traded between 6.9655 SEK and 6.9753 SEK over the period. The price is currently at +0.04% from its lowest and -0.10% from its highest.

6.9655
6.9753
6.9683

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 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 bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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 bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.9253 6.9421 6.9632 6.9683 6.9710 6.9878 7.0124
Change (%) -0.62% -0.38% -0.07% - +0.04% +0.28% +0.63%
Change -0.0430 -0.0262 -0.0051 - +0.0027 +0.0195 +0.0441
Level Major Intermediate Minor - Minor Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.93026.93886.95386.96246.97746.98607.0010
Camarilla6.96236.96456.96666.96886.97106.97316.9753
Woodie6.93346.94046.95706.96406.98066.98767.0042
Fibonacci6.93886.94786.95346.96246.97146.97706.9860


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.79556.84036.89816.94297.00077.04557.1033
Camarilla6.92766.93706.94646.95586.96526.97466.9840
Woodie6.80196.84366.90456.94627.00717.04887.1097
Fibonacci6.84036.87956.90376.94296.98217.00637.0455


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.71686.85276.92747.06337.13807.27397.3486
Camarilla6.94436.96366.98297.00227.02157.04087.0601
Woodie6.68636.83746.89697.04807.10757.25867.3181
Fibonacci6.85276.93316.98287.06337.14377.19347.2739

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): 66.72
MACD (12,26,9): 0.0050
Directional Movement: 10.6142
AROON (14): 92.8571
DEMA (21): 6.9690
Parabolic SAR (0,02-0,02-0,2): 6.9578
Elder Ray (13): 0.0080
Super Trend (3,10): 6.9493
Zig ZAG (10): 6.9724
VORTEX (21): 1.1225
Stochastique (14,3,5): 90.01
TEMA (21): 6.9707
Williams %R (14): -8.24
Chande Momentum Oscillator (20): 0.0153
Repulse (5,40,3): 0.0677
ROCnROLL: 1
TRIX (15,9): 0.0090
Courbe Coppock: 0.33
MA7: 6.9504
MA20: 6.9715
MA50: 7.0551
MA100: 6.9510
MAexp7: 6.9672
MAexp20: 6.9626
MAexp50: 6.9557
MAexp100: 6.9500
Price / MA7: +0.26%
Price / MA20: -0.05%
Price / MA50: -1.23%
Price / MA100: +0.25%
Price / MAexp7: +0.02%
Price / MAexp20: +0.08%
Price / MAexp50: +0.18%
Price / MAexp100: +0.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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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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