Londinia Opportunities Analyses - 06/08/2023 (GMT) AUD/CNH - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.76446 CNH
My targets
4.78015 CNH (+0.00821)
4.80998 CNH (+0.03804)
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 4.76446 CNH. Crossing the first resistance at 4.78015 CNH would be a sign of a potential new surge in the price. 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. Caution, a return to below 4.76446 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
7.5
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
AUD/CNH rating 4.77194 CNH. The price has increased by +0.29% since the last closing and was between 4.75761 CNH and 4.77208 CNH. This implies that the price is at +0.30% from its lowest and at +0.00% from its highest.4.75761
4.77208
4.77194
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CNH chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.70570 | 4.74202 | 4.76446 | 4.77194 | 4.78015 | 4.80998 | 4.85700 |
| Change (%) | -1.39% | -0.63% | -0.16% | - | +0.17% | +0.80% | +1.78% |
| Change | -0.06624 | -0.02992 | -0.00748 | - | +0.00821 | +0.03804 | +0.08506 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.71355 | 4.73123 | 4.74480 | 4.76248 | 4.77605 | 4.79373 | 4.80730 |
| Camarilla | 4.74979 | 4.75265 | 4.75552 | 4.75838 | 4.76125 | 4.76411 | 4.76697 |
| Woodie | 4.71151 | 4.73020 | 4.74276 | 4.76145 | 4.77401 | 4.79270 | 4.80526 |
| Fibonacci | 4.73123 | 4.74316 | 4.75054 | 4.76248 | 4.77441 | 4.78179 | 4.79373 |
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): | 57.67 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 5.92030 | |
| AROON (14): | 64.28571 | |
| DEMA (21): | 4.76439 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.75190 | |
| Elder Ray (13): | 0.00185 | |
| Super Trend (3,10): | 4.74901 | |
| Zig ZAG (10): | 4.76692 | |
| VORTEX (21): | 0.9648 | |
| Stochastique (14,3,5): | 63.51 | |
| TEMA (21): | 4.76201 | |
| Williams %R (14): | -24.56 | |
| Chande Momentum Oscillator (20): | 0.01195 | |
| Repulse (5,40,3): | 0.1016 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0053 | |
| Courbe Coppock: | 0.16 |
| MA7: | 4.71321 | |
| MA20: | 4.67042 | |
| MA50: | 4.64317 | |
| MA100: | 4.66154 | |
| MAexp7: | 4.76309 | |
| MAexp20: | 4.76121 | |
| MAexp50: | 4.75203 | |
| MAexp100: | 4.73017 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +2.77% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.88% |
Quotes :
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Real time data
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Forex