AUD/CNH - 1H - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 4.74202 CNH
My targets
4.77201 CNH (+0.01777)
4.78852 CNH (+0.03428)
My analysis
AUD/CNH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.74202 CNH. The next resistance located at 4.77201 CNH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.78852 CNH. After this resistance, buyers could then target 4.81011 CNH. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/CNH rating 4.75424 CNH. The price registered an increase of +0.00% on the session with the lowest point at 4.73977 CNH and the highest point at 4.75870 CNH. The deviation from the price is +0.31% for the low point and -0.09% for the high point.4.73977
4.75870
4.75424
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/CNH 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 detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.68459 | 4.70492 | 4.74202 | 4.75424 | 4.75838 | 4.77201 | 4.78852 |
| Change (%) | -1.47% | -1.04% | -0.26% | - | +0.09% | +0.37% | +0.72% |
| Change | -0.06965 | -0.04932 | -0.01222 | - | +0.00414 | +0.01777 | +0.03428 |
| Level | Minor | Intermediate | Major | - | Major | Minor | 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 | 4.67746 | 4.69446 | 4.72438 | 4.74138 | 4.77130 | 4.78830 | 4.81822 |
| Camarilla | 4.74140 | 4.74570 | 4.75000 | 4.75430 | 4.75860 | 4.76290 | 4.76720 |
| Woodie | 4.68392 | 4.69769 | 4.73084 | 4.74461 | 4.77776 | 4.79153 | 4.82468 |
| Fibonacci | 4.69446 | 4.71238 | 4.72346 | 4.74138 | 4.75930 | 4.77038 | 4.78830 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.58681 | 4.62625 | 4.67252 | 4.71196 | 4.75823 | 4.79767 | 4.84394 |
| Camarilla | 4.69522 | 4.70308 | 4.71093 | 4.71879 | 4.72665 | 4.73450 | 4.74236 |
| Woodie | 4.59023 | 4.62796 | 4.67594 | 4.71367 | 4.76165 | 4.79938 | 4.84736 |
| Fibonacci | 4.62625 | 4.65899 | 4.67922 | 4.71196 | 4.74470 | 4.76493 | 4.79767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.44404 | 4.53095 | 4.64724 | 4.73415 | 4.85044 | 4.93735 | 5.05364 |
| Camarilla | 4.70765 | 4.72628 | 4.74490 | 4.76353 | 4.78216 | 4.80078 | 4.81941 |
| Woodie | 4.45873 | 4.53830 | 4.66193 | 4.74150 | 4.86513 | 4.94470 | 5.06833 |
| Fibonacci | 4.53095 | 4.60857 | 4.65653 | 4.73415 | 4.81177 | 4.85973 | 4.93735 |
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): | 56.81 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 9.15317 | |
| AROON (14): | 35.71429 | |
| DEMA (21): | 4.75525 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.74227 | |
| Elder Ray (13): | 0.00133 | |
| Super Trend (3,10): | 4.73212 | |
| Zig ZAG (10): | 4.75385 | |
| VORTEX (21): | 1.0791 | |
| Stochastique (14,3,5): | 63.13 | |
| TEMA (21): | 4.75482 | |
| Williams %R (14): | -29.53 | |
| Chande Momentum Oscillator (20): | 0.00085 | |
| Repulse (5,40,3): | 0.0074 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 0.01 |
| MA7: | 4.72203 | |
| MA20: | 4.74539 | |
| MA50: | 4.71737 | |
| MA100: | 4.69195 | |
| MAexp7: | 4.75241 | |
| MAexp20: | 4.74873 | |
| MAexp50: | 4.73996 | |
| MAexp100: | 4.73375 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +1.33% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.43% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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