AUD/SEK - 1H - Technical analysis published on 03/11/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 6.1863 SEK
My targets
6.1309 SEK (-0.0492)
6.1275 SEK (-0.0526)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/SEK as long as the price remains well below 6.1863 SEK. The next bearish objective for sellers is set at 6.1309 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.1275 SEK. If there is any crossing, the next objective would be the support located at 5.9648 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.5
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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 6.1801 SEK. The price is lower by -0.02% since the last closing with the lowest point at 6.1561 SEK and the highest point at 6.2017 SEK. The deviation from the price is +0.39% for the low point and -0.35% for the high point.6.1561
6.2017
6.1801
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.
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/SEK in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8373 | 5.8742 | 5.9648 | 6.1801 | 6.1863 | 6.2548 | 6.3456 |
| Change (%) | -5.55% | -4.95% | -3.48% | - | +0.10% | +1.21% | +2.68% |
| Change | -0.3428 | -0.3059 | -0.2153 | - | +0.0062 | +0.0747 | +0.1655 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | 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 | 6.0243 | 6.0870 | 6.1341 | 6.1968 | 6.2439 | 6.3066 | 6.3537 |
| Camarilla | 6.1511 | 6.1612 | 6.1712 | 6.1813 | 6.1914 | 6.2014 | 6.2115 |
| Woodie | 6.0166 | 6.0831 | 6.1264 | 6.1929 | 6.2362 | 6.3027 | 6.3460 |
| Fibonacci | 6.0870 | 6.1289 | 6.1548 | 6.1968 | 6.2387 | 6.2646 | 6.3066 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0682 | 6.1275 | 6.1830 | 6.2423 | 6.2978 | 6.3571 | 6.4126 |
| Camarilla | 6.2070 | 6.2176 | 6.2281 | 6.2386 | 6.2491 | 6.2597 | 6.2702 |
| Woodie | 6.0664 | 6.1266 | 6.1812 | 6.2414 | 6.2960 | 6.3562 | 6.4108 |
| Fibonacci | 6.1275 | 6.1713 | 6.1984 | 6.2423 | 6.2861 | 6.3132 | 6.3571 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7923 | 6.0150 | 6.1309 | 6.3536 | 6.4695 | 6.6922 | 6.8081 |
| Camarilla | 6.1538 | 6.1848 | 6.2159 | 6.2469 | 6.2779 | 6.3090 | 6.3400 |
| Woodie | 5.7390 | 5.9883 | 6.0776 | 6.3269 | 6.4162 | 6.6655 | 6.7548 |
| Fibonacci | 6.0150 | 6.1443 | 6.2242 | 6.3536 | 6.4829 | 6.5628 | 6.6922 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.55 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -1.2376 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 6.1749 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2008 | |
| Elder Ray (13): | -0.0057 | |
| Super Trend (3,10): | 6.1298 | |
| Zig ZAG (10): | 6.1699 | |
| VORTEX (21): | 1.0146 | |
| Stochastique (14,3,5): | 24.44 | |
| TEMA (21): | 6.1725 | |
| Williams %R (14): | -74.78 | |
| Chande Momentum Oscillator (20): | -0.0092 | |
| Repulse (5,40,3): | -0.0637 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.15 |
| MA7: | 6.2274 | |
| MA20: | 6.3612 | |
| MA50: | 6.4458 | |
| MA100: | 6.4966 | |
| MAexp7: | 6.1761 | |
| MAexp20: | 6.1811 | |
| MAexp50: | 6.1909 | |
| MAexp100: | 6.2065 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -2.85% | |
| Price / MA50: | -4.12% | |
| Price / MA100: | -4.87% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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