AUD/CNH - Daily - Technical analysis published on 06/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.80998 CNH
My targets
4.95704 CNH (+0.10989)
5.05135 CNH (+0.20420)
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 4.80998 CNH. The buyers' bullish objective is set at 4.95704 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.05135 CNH. If there is any crossing, the next objective would be the resistance located at 5.14245 CNH. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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Additional analysis
Quotes
The AUD/CNH price is 4.84715 CNH. On the day, this instrument gained +0.32% with the lowest point at 4.82703 CNH and the highest point at 4.84756 CNH. The deviation from the price is +0.42% for the low point and -0.01% for the high point.4.82703
4.84756
4.84715
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/CNH chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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 : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.68640 | 4.74202 | 4.80998 | 4.84715 | 4.85700 | 4.95704 | 5.05135 |
| Change (%) | -3.32% | -2.17% | -0.77% | - | +0.20% | +2.27% | +4.21% |
| Change | -0.16075 | -0.10513 | -0.03717 | - | +0.00985 | +0.10989 | +0.20420 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 | 4.77229 | 4.78937 | 4.81057 | 4.82765 | 4.84885 | 4.86593 | 4.88713 |
| Camarilla | 4.82124 | 4.82475 | 4.82826 | 4.83177 | 4.83528 | 4.83879 | 4.84230 |
| Woodie | 4.77435 | 4.79040 | 4.81263 | 4.82868 | 4.85091 | 4.86696 | 4.88919 |
| Fibonacci | 4.78937 | 4.80399 | 4.81303 | 4.82765 | 4.84227 | 4.85131 | 4.86593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.59916 | 4.64344 | 4.72972 | 4.77400 | 4.86028 | 4.90456 | 4.99084 |
| Camarilla | 4.78010 | 4.79206 | 4.80403 | 4.81600 | 4.82797 | 4.83994 | 4.85190 |
| Woodie | 4.62016 | 4.65394 | 4.75072 | 4.78450 | 4.88128 | 4.91506 | 5.01184 |
| Fibonacci | 4.64344 | 4.69331 | 4.72413 | 4.77400 | 4.82387 | 4.85469 | 4.90456 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.81 | |
| MACD (12,26,9): | 0.0466 | |
| Directional Movement: | 29.18461 | |
| AROON (14): | 78.57143 | |
| DEMA (21): | 4.77371 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.68849 | |
| Elder Ray (13): | 0.08739 | |
| Super Trend (3,10): | 4.72958 | |
| Zig ZAG (10): | 4.84194 | |
| VORTEX (21): | 1.2741 | |
| Stochastique (14,3,5): | 97.68 | |
| TEMA (21): | 4.80794 | |
| Williams %R (14): | -0.76 | |
| Chande Momentum Oscillator (20): | 0.23663 | |
| Repulse (5,40,3): | 1.6283 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0804 | |
| Courbe Coppock: | 5.79 |
| MA7: | 4.78557 | |
| MA20: | 4.69777 | |
| MA50: | 4.65514 | |
| MA100: | 4.66391 | |
| MAexp7: | 4.78793 | |
| MAexp20: | 4.72143 | |
| MAexp50: | 4.67878 | |
| MAexp100: | 4.66974 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +3.18% | |
| Price / MA50: | +4.12% | |
| Price / MA100: | +3.93% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +2.65% | |
| Price / MAexp50: | +3.58% | |
| Price / MAexp100: | +3.78% |
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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