AUD/SEK - 1H - Technical analysis published on 08/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 7.0031 SEK
My targets
6.9570 SEK (-0.0376)
6.8988 SEK (-0.0958)
My analysis
The bearish trend is currently very strong for AUD/SEK. As long as the price remains below the resistance at 7.0031 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.9570 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.8988 SEK as an objective. Crossing it would then enable sellers to target 6.7867 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
The AUD/SEK price is 6.9946 SEK. On the day, this instrument lost -0.01% with the lowest point at 6.9640 SEK and the highest point at 7.0089 SEK. The deviation from the price is +0.44% for the low point and -0.20% for the high point.6.9640
7.0089
6.9946
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/SEK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8988 | 6.9570 | 6.9892 | 6.9946 | 7.0031 | 7.0250 | 7.0364 |
| Change (%) | -1.37% | -0.54% | -0.08% | - | +0.12% | +0.43% | +0.60% |
| Change | -0.0958 | -0.0376 | -0.0054 | - | +0.0085 | +0.0304 | +0.0418 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 6.8668 | 6.9243 | 6.9596 | 7.0171 | 7.0524 | 7.1099 | 7.1452 |
| Camarilla | 6.9695 | 6.9780 | 6.9865 | 6.9950 | 7.0035 | 7.0120 | 7.0205 |
| Woodie | 6.8558 | 6.9188 | 6.9486 | 7.0116 | 7.0414 | 7.1044 | 7.1342 |
| Fibonacci | 6.9243 | 6.9597 | 6.9816 | 7.0171 | 7.0525 | 7.0744 | 7.1099 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8725 | 6.9268 | 6.9699 | 7.0242 | 7.0673 | 7.1216 | 7.1647 |
| Camarilla | 6.9863 | 6.9952 | 7.0042 | 7.0131 | 7.0220 | 7.0310 | 7.0399 |
| Woodie | 6.8670 | 6.9240 | 6.9644 | 7.0214 | 7.0618 | 7.1188 | 7.1592 |
| Fibonacci | 6.9268 | 6.9640 | 6.9870 | 7.0242 | 7.0614 | 7.0844 | 7.1216 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4509 | 6.6801 | 6.8741 | 7.1033 | 7.2973 | 7.5265 | 7.7205 |
| Camarilla | 6.9516 | 6.9904 | 7.0292 | 7.0680 | 7.1068 | 7.1456 | 7.1844 |
| Woodie | 6.4332 | 6.6713 | 6.8564 | 7.0945 | 7.2796 | 7.5177 | 7.7028 |
| Fibonacci | 6.6801 | 6.8418 | 6.9417 | 7.1033 | 7.2650 | 7.3649 | 7.5265 |
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): | 41.73 | |
| MACD (12,26,9): | -0.0142 | |
| Directional Movement: | -1.7653 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 6.9826 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0390 | |
| Elder Ray (13): | -0.0135 | |
| Super Trend (3,10): | 7.0223 | |
| Zig ZAG (10): | 6.9895 | |
| VORTEX (21): | 0.8628 | |
| Stochastique (14,3,5): | 11.27 | |
| TEMA (21): | 6.9753 | |
| Williams %R (14): | -74.10 | |
| Chande Momentum Oscillator (20): | -0.0247 | |
| Repulse (5,40,3): | 0.1466 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0271 | |
| Courbe Coppock: | 0.91 |
| MA7: | 7.0278 | |
| MA20: | 7.0485 | |
| MA50: | 7.1419 | |
| MA100: | 7.0359 | |
| MAexp7: | 6.9851 | |
| MAexp20: | 7.0005 | |
| MAexp50: | 7.0176 | |
| MAexp100: | 7.0233 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -2.06% | |
| Price / MA100: | -0.59% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.41% |
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.
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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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