AUD/CNH - 1H - Technical analysis published on 06/07/2023 (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:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 4.74202 CNH
My targets
4.77053 CNH (+0.01245)
4.80998 CNH (+0.05190)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CNH. As long as you are above the support located at 4.74202 CNH, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.77053 CNH would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.80998 CNH as an objective. Crossing it would then enable buyers to target 4.85700 CNH. If the support 4.74202 CNH were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6
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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 4.75808 CNH. The price registered an increase of +0.00% on the session with the lowest point at 4.74890 CNH and the highest point at 4.78015 CNH. The deviation from the price is +0.19% for the low point and -0.46% for the high point.4.74890
4.78015
4.75808
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.68640 | 4.70557 | 4.74202 | 4.75808 | 4.76047 | 4.80998 | 4.85700 |
| Change (%) | -1.51% | -1.10% | -0.34% | - | +0.05% | +1.09% | +2.08% |
| Change | -0.07168 | -0.05251 | -0.01606 | - | +0.00239 | +0.05190 | +0.09892 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | 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 | 4.66668 | 4.68597 | 4.72210 | 4.74139 | 4.77752 | 4.79681 | 4.83294 |
| Camarilla | 4.74300 | 4.74808 | 4.75316 | 4.75824 | 4.76332 | 4.76840 | 4.77348 |
| Woodie | 4.67511 | 4.69018 | 4.73053 | 4.74560 | 4.78595 | 4.80102 | 4.84137 |
| Fibonacci | 4.68597 | 4.70714 | 4.72022 | 4.74139 | 4.76256 | 4.77564 | 4.79681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52995 | 4.56701 | 4.63171 | 4.66877 | 4.73347 | 4.77053 | 4.83523 |
| Camarilla | 4.66842 | 4.67774 | 4.68707 | 4.69640 | 4.70573 | 4.71506 | 4.72438 |
| Woodie | 4.54376 | 4.57392 | 4.64552 | 4.67568 | 4.74728 | 4.77744 | 4.84904 |
| Fibonacci | 4.56701 | 4.60589 | 4.62990 | 4.66877 | 4.70765 | 4.73166 | 4.77053 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.42844 | 4.50352 | 4.56704 | 4.64212 | 4.70564 | 4.78072 | 4.84424 |
| Camarilla | 4.59244 | 4.60514 | 4.61785 | 4.63055 | 4.64326 | 4.65596 | 4.66867 |
| Woodie | 4.42265 | 4.50063 | 4.56125 | 4.63923 | 4.69985 | 4.77783 | 4.83845 |
| Fibonacci | 4.50352 | 4.55647 | 4.58918 | 4.64212 | 4.69507 | 4.72778 | 4.78072 |
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): | 47.57 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 0.80008 | |
| AROON (14): | -21.42857 | |
| DEMA (21): | 4.76485 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.77734 | |
| Elder Ray (13): | -0.00508 | |
| Super Trend (3,10): | 4.74901 | |
| Zig ZAG (10): | 4.75412 | |
| VORTEX (21): | 0.9955 | |
| Stochastique (14,3,5): | 17.35 | |
| TEMA (21): | 4.75992 | |
| Williams %R (14): | -83.28 | |
| Chande Momentum Oscillator (20): | -0.00462 | |
| Repulse (5,40,3): | -0.1176 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0173 | |
| Courbe Coppock: | 0.08 |
| MA7: | 4.69220 | |
| MA20: | 4.66504 | |
| MA50: | 4.64013 | |
| MA100: | 4.66064 | |
| MAexp7: | 4.75898 | |
| MAexp20: | 4.75943 | |
| MAexp50: | 4.74569 | |
| MAexp100: | 4.72113 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +2.09% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.78% |
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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