AUD/SEK - 1H - Technical analysis published on 12/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7.0197 SEK
My targets
6.9740 SEK (-0.0250)
6.9324 SEK (-0.0666)
My analysis
AUD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.0197 SEK. The next support located at 6.9740 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.9324 SEK. Below this support, sellers could then target 6.8565 SEK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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:
Additional analysis
Quotes
AUD/SEK rating 6.9990 SEK. The price registered a decrease of -0.01% on the session and was between 6.9944 SEK and 7.0015 SEK. This implies that the price is at +0.07% from its lowest and at -0.04% from its highest.6.9944
7.0015
6.9990
Here is a more detailed summary of the historical variations registered by AUD/SEK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
New LOW record (1 month)
Type : Bearish
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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8565 | 6.9324 | 6.9740 | 6.9990 | 7.0197 | 7.0725 | 7.0944 |
| Change (%) | -2.04% | -0.95% | -0.36% | - | +0.30% | +1.05% | +1.36% |
| Change | -0.1425 | -0.0666 | -0.0250 | - | +0.0207 | +0.0735 | +0.0954 |
| Level | Intermediate | Major | Intermediate | - | 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 | 6.9306 | 6.9630 | 6.9813 | 7.0137 | 7.0320 | 7.0644 | 7.0827 |
| Camarilla | 6.9857 | 6.9903 | 6.9950 | 6.9996 | 7.0043 | 7.0089 | 7.0135 |
| Woodie | 6.9236 | 6.9595 | 6.9743 | 7.0102 | 7.0250 | 7.0609 | 7.0757 |
| Fibonacci | 6.9630 | 6.9824 | 6.9943 | 7.0137 | 7.0331 | 7.0450 | 7.0644 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9348 | 7.0037 | 7.0508 | 7.1197 | 7.1668 | 7.2357 | 7.2828 |
| Camarilla | 7.0661 | 7.0767 | 7.0874 | 7.0980 | 7.1086 | 7.1193 | 7.1299 |
| Woodie | 6.9240 | 6.9983 | 7.0400 | 7.1143 | 7.1560 | 7.2303 | 7.2720 |
| Fibonacci | 7.0037 | 7.0480 | 7.0754 | 7.1197 | 7.1640 | 7.1914 | 7.2357 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7351 | 6.8635 | 6.9808 | 7.1092 | 7.2265 | 7.3549 | 7.4722 |
| Camarilla | 7.0304 | 7.0530 | 7.0755 | 7.0980 | 7.1205 | 7.1431 | 7.1656 |
| Woodie | 6.7295 | 6.8607 | 6.9752 | 7.1064 | 7.2209 | 7.3521 | 7.4666 |
| Fibonacci | 6.8635 | 6.9574 | 7.0154 | 7.1092 | 7.2031 | 7.2611 | 7.3549 |
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): | 29.38 | |
| MACD (12,26,9): | -0.0124 | |
| Directional Movement: | -12.8916 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 6.9957 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0198 | |
| Elder Ray (13): | -0.0091 | |
| Super Trend (3,10): | 7.0270 | |
| Zig ZAG (10): | 6.9980 | |
| VORTEX (21): | 0.8709 | |
| Stochastique (14,3,5): | 9.43 | |
| TEMA (21): | 6.9973 | |
| Williams %R (14): | -93.64 | |
| Chande Momentum Oscillator (20): | -0.0346 | |
| Repulse (5,40,3): | -0.0838 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0253 | |
| Courbe Coppock: | 0.90 |
| MA7: | 7.0694 | |
| MA20: | 7.1107 | |
| MA50: | 7.0652 | |
| MA100: | 7.0041 | |
| MAexp7: | 7.0026 | |
| MAexp20: | 7.0131 | |
| MAexp50: | 7.0387 | |
| MAexp100: | 7.0656 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -0.94% |
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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