AUD/SEK - 1H - Technical analysis published on 02/12/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 6.4740 SEK
My targets
6.4970 SEK (+0.0124)
6.5717 SEK (+0.0871)
My analysis
The bullish trend is currently very strong on AUD/SEK. As long as the price remains above the support at 6.4740 SEK, you could try to benefit from the boom. The first bullish objective is located at 6.4970 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.5717 SEK as an objective. Crossing it would then enable buyers to target 6.6536 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.1
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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 rating is 6.4846 SEK. The price registered an increase of +0.22% on the session and was traded between 6.4674 SEK and 6.4935 SEK over the period. The price is currently at +0.27% from its lowest and -0.14% from its highest.6.4674
6.4935
6.4846
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
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 | 6.4491 | 6.4584 | 6.4740 | 6.4846 | 6.4863 | 6.4970 | 6.5717 |
| Change (%) | -0.55% | -0.40% | -0.16% | - | +0.03% | +0.19% | +1.34% |
| Change | -0.0355 | -0.0262 | -0.0106 | - | +0.0017 | +0.0124 | +0.0871 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
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 | 6.4169 | 6.4362 | 6.4535 | 6.4728 | 6.4901 | 6.5094 | 6.5267 |
| Camarilla | 6.4606 | 6.4640 | 6.4673 | 6.4707 | 6.4741 | 6.4774 | 6.4808 |
| Woodie | 6.4158 | 6.4357 | 6.4524 | 6.4723 | 6.4890 | 6.5089 | 6.5256 |
| Fibonacci | 6.4362 | 6.4502 | 6.4589 | 6.4728 | 6.4868 | 6.4955 | 6.5094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3352 | 6.3765 | 6.4116 | 6.4529 | 6.4880 | 6.5293 | 6.5644 |
| Camarilla | 6.4257 | 6.4327 | 6.4397 | 6.4467 | 6.4537 | 6.4607 | 6.4677 |
| Woodie | 6.3321 | 6.3750 | 6.4085 | 6.4514 | 6.4849 | 6.5278 | 6.5613 |
| Fibonacci | 6.3765 | 6.4057 | 6.4237 | 6.4529 | 6.4821 | 6.5001 | 6.5293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2326 | 6.3334 | 6.3856 | 6.4864 | 6.5386 | 6.6394 | 6.6916 |
| Camarilla | 6.3958 | 6.4099 | 6.4239 | 6.4379 | 6.4519 | 6.4660 | 6.4800 |
| Woodie | 6.2084 | 6.3213 | 6.3614 | 6.4743 | 6.5144 | 6.6273 | 6.6674 |
| Fibonacci | 6.3334 | 6.3918 | 6.4279 | 6.4864 | 6.5448 | 6.5809 | 6.6394 |
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): | 59.75 | |
| MACD (12,26,9): | 0.0046 | |
| Directional Movement: | 10.5459 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 6.4877 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4749 | |
| Elder Ray (13): | 0.0041 | |
| Super Trend (3,10): | 6.4663 | |
| Zig ZAG (10): | 6.4836 | |
| VORTEX (21): | 1.1485 | |
| Stochastique (14,3,5): | 74.00 | |
| TEMA (21): | 6.4885 | |
| Williams %R (14): | -50.75 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | -0.0420 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.45 |
| MA7: | 6.4664 | |
| MA20: | 6.4920 | |
| MA50: | 6.5004 | |
| MA100: | 6.5520 | |
| MAexp7: | 6.4850 | |
| MAexp20: | 6.4822 | |
| MAexp50: | 6.4755 | |
| MAexp100: | 6.4712 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | -1.03% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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