AUD/CNH
AUD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: AUDCNH
ISIN:

AUD/CNH - 1H - Technical analysis published on 03/20/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
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

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard4.564684.577264.597974.610554.631264.643844.66455
Camarilla4.609524.612574.615624.618674.621724.624774.62783
Woodie4.568744.579294.602034.612584.635324.645874.66861
Fibonacci4.577264.589984.597844.610554.623274.631134.64384


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.492344.519404.569034.596094.645724.672784.72241
Camarilla4.597584.604614.611644.618674.625704.632734.63976
Woodie4.503644.525044.580334.601734.657024.678424.73371
Fibonacci4.519404.548694.566794.596094.625384.643484.67278


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.479674.572684.626404.719414.773134.866144.91986
Camarilla4.639774.653224.666674.680124.693574.707024.72047
Woodie4.460034.562864.606764.709594.753494.856324.90022
Fibonacci4.572684.628734.663364.719414.775464.810094.86614

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.

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