AUD/SEK - 1H - Technical analysis published on 07/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 7.1218 SEK
My targets
7.1024 SEK (-0.0122)
7.0886 SEK (-0.0260)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.1218 SEK remains possible. It is advisable to trade AUD/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.1218 SEK. The next bearish objective for sellers is set at 7.1024 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.0886 SEK. In case of crossing, the next objective would be the support located at 7.0800 SEK. PS: if there is a bullish break in the resistance located at 7.1218 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.4
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Additional analysis
Quotes
The AUD/SEK price is 7.1146 SEK. On the day, this instrument gained +0.23% and was traded between 7.0843 SEK and 7.1156 SEK over the period. The price is currently at +0.43% from its lowest and -0.01% from its highest.7.0843
7.1156
7.1146
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/SEK in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
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 | 7.0800 | 7.0886 | 7.1024 | 7.1146 | 7.1218 | 7.1377 | 7.1483 |
| Change (%) | -0.49% | -0.37% | -0.17% | - | +0.10% | +0.32% | +0.47% |
| Change | -0.0346 | -0.0260 | -0.0122 | - | +0.0072 | +0.0231 | +0.0337 |
| Level | Intermediate | Minor | Minor | - | Minor | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0011 | 7.0406 | 7.0694 | 7.1089 | 7.1377 | 7.1772 | 7.2060 |
| Camarilla | 7.0795 | 7.0858 | 7.0920 | 7.0983 | 7.1046 | 7.1108 | 7.1171 |
| Woodie | 6.9959 | 7.0379 | 7.0642 | 7.1062 | 7.1325 | 7.1745 | 7.2008 |
| Fibonacci | 7.0406 | 7.0667 | 7.0828 | 7.1089 | 7.1350 | 7.1511 | 7.1772 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9885 | 7.0281 | 7.0829 | 7.1225 | 7.1773 | 7.2169 | 7.2717 |
| Camarilla | 7.1117 | 7.1204 | 7.1291 | 7.1377 | 7.1464 | 7.1550 | 7.1637 |
| Woodie | 6.9961 | 7.0319 | 7.0905 | 7.1263 | 7.1849 | 7.2207 | 7.2793 |
| Fibonacci | 7.0281 | 7.0642 | 7.0864 | 7.1225 | 7.1586 | 7.1808 | 7.2169 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6060 | 6.7065 | 6.8877 | 6.9882 | 7.1694 | 7.2699 | 7.4511 |
| Camarilla | 6.9915 | 7.0174 | 7.0432 | 7.0690 | 7.0948 | 7.1207 | 7.1465 |
| Woodie | 6.6465 | 6.7267 | 6.9282 | 7.0084 | 7.2099 | 7.2901 | 7.4916 |
| Fibonacci | 6.7065 | 6.8141 | 6.8806 | 6.9882 | 7.0958 | 7.1623 | 7.2699 |
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): | 50.46 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | 0.4339 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 7.0981 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0889 | |
| Elder Ray (13): | 0.0044 | |
| Super Trend (3,10): | 7.1259 | |
| Zig ZAG (10): | 7.1088 | |
| VORTEX (21): | 1.0278 | |
| Stochastique (14,3,5): | 85.85 | |
| TEMA (21): | 7.1030 | |
| Williams %R (14): | -14.98 | |
| Chande Momentum Oscillator (20): | 0.0154 | |
| Repulse (5,40,3): | 0.0256 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.26 |
| MA7: | 7.1237 | |
| MA20: | 7.0758 | |
| MA50: | 7.0473 | |
| MA100: | 7.0066 | |
| MAexp7: | 7.1055 | |
| MAexp20: | 7.1050 | |
| MAexp50: | 7.1171 | |
| MAexp100: | 7.1233 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +0.95% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.12% |
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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