AUD/SEK - 1H - Technical analysis published on 03/27/2020 (GMT)
- Who voted?
- 228
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 6.0214 SEK
My targets
6.0706 SEK (+0.0106)
6.1297 SEK (+0.0697)
My analysis
A bullish trend on AUD/SEK both in substance and in the short term. A purchase could be considered as long as the price remains above 6.0214 SEK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6.0706 SEK. Then the price could move towards 6.1297 SEK. Then 6.1641 SEK by extension. Be careful, a return below 6.0214 SEK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.2
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:
Additional analysis
Quotes
The AUD/SEK price is 6.0600 SEK. The price has increased by +0.24% since the last closing and was between 6.0147 SEK and 6.0832 SEK. This implies that the price is at +0.75% from its lowest and at -0.38% from its highest.6.0147
6.0832
6.0600
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
Here is a more detailed summary of the historical variations registered by AUD/SEK:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this AUD/SEK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 5.8373 | 5.9219 | 6.0214 | 6.0600 | 6.0706 | 6.1641 | 6.2548 |
| Change (%) | -3.67% | -2.28% | -0.64% | - | +0.17% | +1.72% | +3.21% |
| Change | -0.2227 | -0.1381 | -0.0386 | - | +0.0106 | +0.1041 | +0.1948 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 | 5.7964 | 5.8561 | 5.9508 | 6.0105 | 6.1052 | 6.1649 | 6.2596 |
| Camarilla | 6.0030 | 6.0172 | 6.0314 | 6.0455 | 6.0597 | 6.0738 | 6.0880 |
| Woodie | 5.8139 | 5.8649 | 5.9683 | 6.0193 | 6.1227 | 6.1737 | 6.2771 |
| Fibonacci | 5.8561 | 5.9151 | 5.9515 | 6.0105 | 6.0695 | 6.1059 | 6.1649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1297 | 6.3286 | 6.4613 | 6.6602 | 6.7929 | 6.9918 | 7.1245 |
| Camarilla | 6.5029 | 6.5333 | 6.5637 | 6.5941 | 6.6245 | 6.6549 | 6.6853 |
| Woodie | 6.0967 | 6.3121 | 6.4283 | 6.6437 | 6.7599 | 6.9753 | 7.0915 |
| Fibonacci | 6.3286 | 6.4552 | 6.5335 | 6.6602 | 6.7868 | 6.8651 | 6.9918 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.31 | |
| MACD (12,26,9): | 0.0069 | |
| Directional Movement: | 0.4289 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 6.0455 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0147 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 5.9589 | |
| Zig ZAG (10): | 6.0479 | |
| VORTEX (21): | 1.0232 | |
| Stochastique (14,3,5): | 43.04 | |
| TEMA (21): | 6.0527 | |
| Williams %R (14): | -52.46 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.0656 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0195 | |
| Courbe Coppock: | 0.69 |
| MA7: | 6.0213 | |
| MA20: | 6.0944 | |
| MA50: | 6.3200 | |
| MA100: | 6.4211 | |
| MAexp7: | 6.0407 | |
| MAexp20: | 6.0366 | |
| MAexp50: | 6.0299 | |
| MAexp100: | 6.0260 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -4.11% | |
| Price / MA100: | -5.62% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AUD/SEK - 1H