AUD/SEK - 1H - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 6.5173 SEK
My targets
6.4964 SEK (-0.0116)
6.4592 SEK (-0.0488)
My analysis
The bearish trend is currently very strong for AUD/SEK. As long as the price remains below the resistance at 6.5173 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.4964 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.4592 SEK as an objective. Crossing it would then enable sellers to target 6.4256 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/SEK price is 6.5080 SEK. The price registered a decrease of -0.29% on the session with the lowest point at 6.4987 SEK and the highest point at 6.5250 SEK. The deviation from the price is +0.14% for the low point and -0.26% for the high point.6.4987
6.5250
6.5080
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4256 | 6.4592 | 6.4964 | 6.5080 | 6.5104 | 6.5173 | 6.5271 |
| Change (%) | -1.27% | -0.75% | -0.18% | - | +0.04% | +0.14% | +0.29% |
| Change | -0.0824 | -0.0488 | -0.0116 | - | +0.0024 | +0.0093 | +0.0191 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 6.4944 | 6.5074 | 6.5172 | 6.5302 | 6.5400 | 6.5530 | 6.5628 |
| Camarilla | 6.5206 | 6.5227 | 6.5248 | 6.5269 | 6.5290 | 6.5311 | 6.5332 |
| Woodie | 6.4927 | 6.5066 | 6.5155 | 6.5294 | 6.5383 | 6.5522 | 6.5611 |
| Fibonacci | 6.5074 | 6.5161 | 6.5215 | 6.5302 | 6.5389 | 6.5443 | 6.5530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4403 | 6.4676 | 6.4973 | 6.5246 | 6.5543 | 6.5816 | 6.6113 |
| Camarilla | 6.5112 | 6.5165 | 6.5217 | 6.5269 | 6.5321 | 6.5374 | 6.5426 |
| Woodie | 6.4414 | 6.4682 | 6.4984 | 6.5252 | 6.5554 | 6.5822 | 6.6124 |
| Fibonacci | 6.4676 | 6.4894 | 6.5029 | 6.5246 | 6.5464 | 6.5599 | 6.5816 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2865 | 6.3480 | 6.4599 | 6.5214 | 6.6333 | 6.6948 | 6.8067 |
| Camarilla | 6.5240 | 6.5399 | 6.5558 | 6.5717 | 6.5876 | 6.6035 | 6.6194 |
| Woodie | 6.3116 | 6.3606 | 6.4850 | 6.5340 | 6.6584 | 6.7074 | 6.8318 |
| Fibonacci | 6.3480 | 6.4143 | 6.4552 | 6.5214 | 6.5877 | 6.6286 | 6.6948 |
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): | 36.90 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | -12.8418 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 6.5162 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5209 | |
| Elder Ray (13): | -0.0074 | |
| Super Trend (3,10): | 6.5356 | |
| Zig ZAG (10): | 6.5083 | |
| VORTEX (21): | 0.8371 | |
| Stochastique (14,3,5): | 13.47 | |
| TEMA (21): | 6.5120 | |
| Williams %R (14): | -94.83 | |
| Chande Momentum Oscillator (20): | -0.0176 | |
| Repulse (5,40,3): | -0.1764 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0057 | |
| Courbe Coppock: | 0.47 |
| MA7: | 6.5232 | |
| MA20: | 6.5295 | |
| MA50: | 6.5117 | |
| MA100: | 6.5687 | |
| MAexp7: | 6.5144 | |
| MAexp20: | 6.5204 | |
| MAexp50: | 6.5233 | |
| MAexp100: | 6.5254 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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