AUD/SEK - 1H - Technical analysis published on 06/26/2024 (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
89%
0%
11%
My opinion
Bullish above 7.0124 SEK
My targets
7.0756 SEK (+0.0534)
7.1301 SEK (+0.1079)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/SEK as long as the price remains well above 7.0124 SEK. The buyers' bullish objective is set at 7.0756 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.1301 SEK. If there is any crossing, the next objective would be the resistance located at 7.1770 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The AUD/SEK rating is 7.0222 SEK. The price has increased by +0.52% since the last closing and was between 6.9797 SEK and 7.0241 SEK. This implies that the price is at +0.61% from its lowest and at -0.03% from its highest.6.9797
7.0241
7.0222
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of AUD/SEK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9873 | 6.9998 | 7.0124 | 7.0222 | 7.0225 | 7.0756 | 7.1301 |
| Change (%) | -0.50% | -0.32% | -0.14% | - | +0.00% | +0.76% | +1.54% |
| Change | -0.0349 | -0.0224 | -0.0098 | - | +0.0003 | +0.0534 | +0.1079 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 6.9387 | 6.9500 | 6.9681 | 6.9794 | 6.9975 | 7.0088 | 7.0269 |
| Camarilla | 6.9780 | 6.9807 | 6.9834 | 6.9861 | 6.9888 | 6.9915 | 6.9942 |
| Woodie | 6.9420 | 6.9517 | 6.9714 | 6.9811 | 7.0008 | 7.0105 | 7.0302 |
| Fibonacci | 6.9500 | 6.9613 | 6.9682 | 6.9794 | 6.9907 | 6.9976 | 7.0088 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8258 | 6.8737 | 6.9267 | 6.9746 | 7.0276 | 7.0755 | 7.1285 |
| Camarilla | 6.9520 | 6.9612 | 6.9705 | 6.9797 | 6.9890 | 6.9982 | 7.0075 |
| Woodie | 6.8284 | 6.8750 | 6.9293 | 6.9759 | 7.0302 | 7.0768 | 7.1311 |
| Fibonacci | 6.8737 | 6.9122 | 6.9361 | 6.9746 | 7.0131 | 7.0370 | 7.0755 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7168 | 6.8527 | 6.9274 | 7.0633 | 7.1380 | 7.2739 | 7.3486 |
| Camarilla | 6.9443 | 6.9636 | 6.9829 | 7.0022 | 7.0215 | 7.0408 | 7.0601 |
| Woodie | 6.6863 | 6.8374 | 6.8969 | 7.0480 | 7.1075 | 7.2586 | 7.3181 |
| Fibonacci | 6.8527 | 6.9331 | 6.9828 | 7.0633 | 7.1437 | 7.1934 | 7.2739 |
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): | 78.44 | |
| MACD (12,26,9): | 0.0094 | |
| Directional Movement: | 17.9204 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 7.0018 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9836 | |
| Elder Ray (13): | 0.0193 | |
| Super Trend (3,10): | 6.9857 | |
| Zig ZAG (10): | 7.0210 | |
| VORTEX (21): | 1.1911 | |
| Stochastique (14,3,5): | 92.72 | |
| TEMA (21): | 7.0099 | |
| Williams %R (14): | -2.45 | |
| Chande Momentum Oscillator (20): | 0.0434 | |
| Repulse (5,40,3): | 0.3450 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0109 | |
| Courbe Coppock: | 0.78 |
| MA7: | 6.9820 | |
| MA20: | 6.9587 | |
| MA50: | 7.0523 | |
| MA100: | 6.9567 | |
| MAexp7: | 7.0058 | |
| MAexp20: | 6.9913 | |
| MAexp50: | 6.9832 | |
| MAexp100: | 6.9774 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | +0.94% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.64% |
Quotes :
-
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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