AUD/CNH - 1H - Technical analysis published on 01/02/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 4.70900 CNH
My targets
4.72511 CNH (+0.01066)
4.74202 CNH (+0.02757)
My analysis
The basic bullish trend is very strong on AUD/CNH but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.70900 CNH. Crossing the first resistance at 4.72511 CNH would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 4.74202 CNH as an objective. Crossing it would then enable buyers to target 4.75054 CNH. Caution, a return to below 4.70900 CNH would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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Additional analysis
Quotes
The AUD/CNH rating is 4.71445 CNH. The price has increased by +0.00% since the last closing and was between 4.69757 CNH and 4.72059 CNH. This implies that the price is at +0.36% from its lowest and at -0.13% from its highest.4.69757
4.72059
4.71445
Here is a more detailed summary of the historical variations registered by AUD/CNH:
Technical
A technical analysis in 1H of this AUD/CNH chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.66078 | 4.67829 | 4.70900 | 4.71445 | 4.72511 | 4.74202 | 4.75054 |
Change (%) | -1.14% | -0.77% | -0.12% | - | +0.23% | +0.58% | +0.77% |
Change | -0.05367 | -0.03616 | -0.00545 | - | +0.01066 | +0.02757 | +0.03609 |
Level | Minor | Major | Major | - | Intermediate | Major | 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 | 4.61770 | 4.64443 | 4.67950 | 4.70623 | 4.74130 | 4.76803 | 4.80310 |
Camarilla | 4.69757 | 4.70323 | 4.70890 | 4.71456 | 4.72023 | 4.72589 | 4.73156 |
Woodie | 4.62186 | 4.64652 | 4.68366 | 4.70832 | 4.74546 | 4.77012 | 4.80726 |
Fibonacci | 4.64443 | 4.66804 | 4.68263 | 4.70623 | 4.72984 | 4.74443 | 4.76803 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.59427 | 4.63272 | 4.67364 | 4.71209 | 4.75301 | 4.79146 | 4.83238 |
Camarilla | 4.69273 | 4.70001 | 4.70728 | 4.71456 | 4.72184 | 4.72911 | 4.73639 |
Woodie | 4.59551 | 4.63334 | 4.67488 | 4.71271 | 4.75425 | 4.79208 | 4.83362 |
Fibonacci | 4.63272 | 4.66304 | 4.68177 | 4.71209 | 4.74241 | 4.76114 | 4.79146 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.41445 | 4.52027 | 4.61741 | 4.72323 | 4.82037 | 4.92619 | 5.02333 |
Camarilla | 4.65875 | 4.67735 | 4.69596 | 4.71456 | 4.73317 | 4.75177 | 4.77037 |
Woodie | 4.41012 | 4.51810 | 4.61308 | 4.72106 | 4.81604 | 4.92402 | 5.01900 |
Fibonacci | 4.52027 | 4.59780 | 4.64570 | 4.72323 | 4.80076 | 4.84866 | 4.92619 |
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): | 49.63 | |
MACD (12,26,9): | 0.0032 | |
Directional Movement: | 5.89533 | |
AROON (14): | 64.28571 | |
DEMA (21): | 4.70696 | |
Parabolic SAR (0,02-0,02-0,2): | 4.72488 | |
Elder Ray (13): | -0.00156 | |
Super Trend (3,10): | 4.69188 | |
Zig ZAG (10): | 4.70085 | |
VORTEX (21): | 1.0564 | |
Stochastique (14,3,5): | 42.40 | |
TEMA (21): | 4.70870 | |
Williams %R (14): | -66.47 | |
Chande Momentum Oscillator (20): | -0.00233 | |
Repulse (5,40,3): | -0.2393 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0116 | |
Courbe Coppock: | 0.57 |
MA7: | 4.68922 | |
MA20: | 4.71304 | |
MA50: | 4.71083 | |
MA100: | 4.69161 | |
MAexp7: | 4.70580 | |
MAexp20: | 4.70177 | |
MAexp50: | 4.69640 | |
MAexp100: | 4.69285 | |
Price / MA7: | +0.54% | |
Price / MA20: | +0.03% | |
Price / MA50: | +0.08% | |
Price / MA100: | +0.49% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +0.27% | |
Price / MAexp50: | +0.38% | |
Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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