AUD/SEK
AUD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDSEK
ISIN:

AUD/SEK - 1H - Technical analysis published on 02/28/2020 (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
28%
44%
28%
My opinion
Bearish under 6.3610 SEK
My targets
6.3334 SEK (-0.0025)
6.2548 SEK (-0.0811)
My analysis
The bearish trend is currently very strong for AUD/SEK. As long as the price remains below the resistance at 6.3610 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.3334 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.2548 SEK as an objective. Crossing it would then enable sellers to target 5.9648 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 not called into question, despite technical indicators being neutral.
FORCE
0
10
6.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/SEK price is 6.3359 SEK. The price is lower by -0.38% since the last closing with the lowest point at 6.3234 SEK and the highest point at 6.3642 SEK. The deviation from the price is +0.20% for the low point and -0.44% for the high point.

6.3234
6.3642
6.3359

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AUD/SEK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.8373 5.9648 6.2548 6.3359 6.3378 6.3610 6.4248
Change (%) -7.87% -5.86% -1.28% - +0.03% +0.40% +1.40%
Change -0.4986 -0.3711 -0.0811 - +0.0019 +0.0251 +0.0889
Level Minor Minor Major - Intermediate Minor Intermediate



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
Standard6.29886.31836.33936.35886.37986.39936.4203
Camarilla6.34926.35296.35666.36036.36406.36776.3714
Woodie6.29966.31876.34016.35926.38066.39976.4211
Fibonacci6.31836.33386.34336.35886.37436.38386.3993


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.24396.33766.38876.48246.53356.62726.6783
Camarilla6.39996.41326.42646.43976.45306.46636.4795
Woodie6.22256.32706.36736.47186.51216.61666.6569
Fibonacci6.33766.39306.42716.48246.53786.57196.6272


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.23266.33346.38566.48646.53866.63946.6916
Camarilla6.39586.40996.42396.43796.45196.46606.4800
Woodie6.20846.32136.36146.47436.51446.62736.6674
Fibonacci6.33346.39186.42796.48646.54486.58096.6394

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): 37.49
MACD (12,26,9): -0.0080
Directional Movement: -13.5632
AROON (14): -42.8571
DEMA (21): 6.3381
Parabolic SAR (0,02-0,02-0,2): 6.3573
Elder Ray (13): -0.0131
Super Trend (3,10): 6.3693
Zig ZAG (10): 6.3344
VORTEX (21): 0.9205
Stochastique (14,3,5): 22.62
TEMA (21): 6.3382
Williams %R (14): -74.02
Chande Momentum Oscillator (20): -0.0229
Repulse (5,40,3): -0.0250
ROCnROLL: 2
TRIX (15,9): -0.0158
Courbe Coppock: 0.33
MA7: 6.4076
MA20: 6.4586
MA50: 6.4965
MA100: 6.5286
MAexp7: 6.3403
MAexp20: 6.3489
MAexp50: 6.3667
MAexp100: 6.3941
Price / MA7: -1.12%
Price / MA20: -1.90%
Price / MA50: -2.47%
Price / MA100: -2.95%
Price / MAexp7: -0.07%
Price / MAexp20: -0.20%
Price / MAexp50: -0.48%
Price / MAexp100: -0.91%

This member declared not having a position on this financial instrument or a related financial instrument.

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