AUD/CNH - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 4.60867 CNH
My targets
4.62314 CNH (+0.00486)
4.65145 CNH (+0.03317)
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 4.60867 CNH. Crossing the first resistance at 4.62314 CNH would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 4.65145 CNH as an objective. Crossing it would then enable buyers to target 4.74202 CNH. Caution, a return to below 4.60867 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/CNH price is 4.61828 CNH. The price is lower by -0.01% since the last closing and was traded between 4.59277 CNH and 4.63032 CNH over the period. The price is currently at +0.56% from its lowest and -0.26% from its highest.4.59277
4.63032
4.61828
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
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/CNH in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4.57109 | 4.58664 | 4.60867 | 4.61828 | 4.62314 | 4.65145 | 4.74202 |
| Change (%) | -1.02% | -0.69% | -0.21% | - | +0.11% | +0.72% | +2.68% |
| Change | -0.04719 | -0.03164 | -0.00961 | - | +0.00486 | +0.03317 | +0.12374 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.56468 | 4.57726 | 4.59797 | 4.61055 | 4.63126 | 4.64384 | 4.66455 |
| Camarilla | 4.60952 | 4.61257 | 4.61562 | 4.61867 | 4.62172 | 4.62477 | 4.62783 |
| Woodie | 4.56874 | 4.57929 | 4.60203 | 4.61258 | 4.63532 | 4.64587 | 4.66861 |
| Fibonacci | 4.57726 | 4.58998 | 4.59784 | 4.61055 | 4.62327 | 4.63113 | 4.64384 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.49234 | 4.51940 | 4.56903 | 4.59609 | 4.64572 | 4.67278 | 4.72241 |
| Camarilla | 4.59758 | 4.60461 | 4.61164 | 4.61867 | 4.62570 | 4.63273 | 4.63976 |
| Woodie | 4.50364 | 4.52504 | 4.58033 | 4.60173 | 4.65702 | 4.67842 | 4.73371 |
| Fibonacci | 4.51940 | 4.54869 | 4.56679 | 4.59609 | 4.62538 | 4.64348 | 4.67278 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.47967 | 4.57268 | 4.62640 | 4.71941 | 4.77313 | 4.86614 | 4.91986 |
| Camarilla | 4.63977 | 4.65322 | 4.66667 | 4.68012 | 4.69357 | 4.70702 | 4.72047 |
| Woodie | 4.46003 | 4.56286 | 4.60676 | 4.70959 | 4.75349 | 4.85632 | 4.90022 |
| Fibonacci | 4.57268 | 4.62873 | 4.66336 | 4.71941 | 4.77546 | 4.81009 | 4.86614 |
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): | 54.96 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 4.96467 | |
| AROON (14): | -64.28571 | |
| DEMA (21): | 4.61468 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.59466 | |
| Elder Ray (13): | 0.00512 | |
| Super Trend (3,10): | 4.59531 | |
| Zig ZAG (10): | 4.61719 | |
| VORTEX (21): | 1.0067 | |
| Stochastique (14,3,5): | 76.90 | |
| TEMA (21): | 4.61257 | |
| Williams %R (14): | -26.66 | |
| Chande Momentum Oscillator (20): | -0.00141 | |
| Repulse (5,40,3): | 0.0692 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0026 | |
| Courbe Coppock: | 0.32 |
| MA7: | 4.58822 | |
| MA20: | 4.63904 | |
| MA50: | 4.69565 | |
| MA100: | 4.70853 | |
| MAexp7: | 4.61406 | |
| MAexp20: | 4.61272 | |
| MAexp50: | 4.60743 | |
| MAexp100: | 4.60158 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -1.92% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.38% |
Quotes :
-
Real time data
-
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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