AUD/CNH - 1H - Technical analysis published on 08/15/2023 (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:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 4.72572 CNH
My targets
4.74351 CNH (+0.00670)
4.76963 CNH (+0.03282)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/CNH as long as the price remains well above 4.72572 CNH. The buyers' bullish objective is set at 4.74351 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.76963 CNH. If there is any crossing, the next objective would be the resistance located at 4.77857 CNH.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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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 4.73681 CNH. The price registered an increase of +0.31% on the session with the lowest point at 4.71736 CNH and the highest point at 4.73854 CNH. The deviation from the price is +0.41% for the low point and -0.04% for the high point.4.71736
4.73854
4.73681
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this AUD/CNH chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 4.71840 | 4.72572 | 4.73359 | 4.73681 | 4.74351 | 4.76963 | 4.77857 |
| Change (%) | -0.39% | -0.23% | -0.07% | - | +0.14% | +0.69% | +0.88% |
| Change | -0.01841 | -0.01109 | -0.00322 | - | +0.00670 | +0.03282 | +0.04176 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | 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 | 4.66771 | 4.68319 | 4.70262 | 4.71810 | 4.73753 | 4.75301 | 4.77244 |
| Camarilla | 4.71244 | 4.71564 | 4.71884 | 4.72204 | 4.72524 | 4.72844 | 4.73164 |
| Woodie | 4.66968 | 4.68418 | 4.70459 | 4.71909 | 4.73950 | 4.75400 | 4.77441 |
| Fibonacci | 4.68319 | 4.69653 | 4.70477 | 4.71810 | 4.73144 | 4.73968 | 4.75301 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.62585 | 4.66529 | 4.69075 | 4.73019 | 4.75565 | 4.79509 | 4.82055 |
| Camarilla | 4.69836 | 4.70431 | 4.71026 | 4.71621 | 4.72216 | 4.72811 | 4.73406 |
| Woodie | 4.61886 | 4.66180 | 4.68376 | 4.72670 | 4.74866 | 4.79160 | 4.81356 |
| Fibonacci | 4.66529 | 4.69008 | 4.70540 | 4.73019 | 4.75498 | 4.77030 | 4.79509 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52600 | 4.63483 | 4.71853 | 4.82736 | 4.91106 | 5.01989 | 5.10359 |
| Camarilla | 4.74929 | 4.76694 | 4.78459 | 4.80224 | 4.81989 | 4.83754 | 4.85519 |
| Woodie | 4.51345 | 4.62855 | 4.70598 | 4.82108 | 4.89851 | 5.01361 | 5.09104 |
| Fibonacci | 4.63483 | 4.70837 | 4.75381 | 4.82736 | 4.90090 | 4.94634 | 5.01989 |
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): | 62.86 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 7.50661 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 4.72591 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.70686 | |
| Elder Ray (13): | 0.00616 | |
| Super Trend (3,10): | 4.70809 | |
| Zig ZAG (10): | 4.73562 | |
| VORTEX (21): | 1.0856 | |
| Stochastique (14,3,5): | 78.74 | |
| TEMA (21): | 4.72870 | |
| Williams %R (14): | -5.99 | |
| Chande Momentum Oscillator (20): | 0.01530 | |
| Repulse (5,40,3): | 0.3650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0043 | |
| Courbe Coppock: | 0.14 |
| MA7: | 4.72476 | |
| MA20: | 4.77233 | |
| MA50: | 4.81797 | |
| MA100: | 4.72757 | |
| MAexp7: | 4.72710 | |
| MAexp20: | 4.72314 | |
| MAexp50: | 4.72200 | |
| MAexp100: | 4.72368 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.74% | |
| Price / MA50: | -1.68% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.28% |
Quotes :
-
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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