AUD/SEK - 1H - Technical analysis published on 08/10/2023 (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 bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 6.9898 SEK
My targets
6.9570 SEK (-0.0169)
6.9437 SEK (-0.0302)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/SEK as long as the price remains well below 6.9898 SEK. The sellers' bearish objective is set at 6.9570 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.9437 SEK. In case of crossing, the next objective would be the support located at 6.9203 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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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/SEK price is 6.9739 SEK. The price has increased by +0.00% since the last closing with the lowest point at 6.9653 SEK and the highest point at 6.9833 SEK. The deviation from the price is +0.12% for the low point and -0.13% for the high point.6.9653
6.9833
6.9739
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
Here is a more detailed summary of the historical variations registered by AUD/SEK:
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 an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.9203 | 6.9437 | 6.9570 | 6.9739 | 6.9898 | 7.0364 | 7.0523 |
| Change (%) | -0.77% | -0.43% | -0.24% | - | +0.23% | +0.90% | +1.12% |
| Change | -0.0536 | -0.0302 | -0.0169 | - | +0.0159 | +0.0625 | +0.0784 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 6.8943 | 6.9299 | 6.9519 | 6.9875 | 7.0095 | 7.0451 | 7.0671 |
| Camarilla | 6.9582 | 6.9634 | 6.9687 | 6.9740 | 6.9793 | 6.9846 | 6.9898 |
| Woodie | 6.8876 | 6.9265 | 6.9452 | 6.9841 | 7.0028 | 7.0417 | 7.0604 |
| Fibonacci | 6.9299 | 6.9519 | 6.9655 | 6.9875 | 7.0095 | 7.0231 | 7.0451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7615 | 6.8526 | 6.9022 | 6.9933 | 7.0429 | 7.1340 | 7.1836 |
| Camarilla | 6.9132 | 6.9261 | 6.9390 | 6.9519 | 6.9648 | 6.9777 | 6.9906 |
| Woodie | 6.7409 | 6.8422 | 6.8816 | 6.9829 | 7.0223 | 7.1236 | 7.1630 |
| Fibonacci | 6.8526 | 6.9063 | 6.9395 | 6.9933 | 7.0470 | 7.0802 | 7.1340 |
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): | 46.43 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | 10.8222 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 6.9746 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9931 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 7.0064 | |
| Zig ZAG (10): | 6.9749 | |
| VORTEX (21): | 0.8733 | |
| Stochastique (14,3,5): | 28.27 | |
| TEMA (21): | 6.9686 | |
| Williams %R (14): | -69.21 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0795 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0080 | |
| Courbe Coppock: | 0.38 |
| MA7: | 6.9817 | |
| MA20: | 6.9987 | |
| MA50: | 7.1317 | |
| MA100: | 7.0375 | |
| MAexp7: | 6.9740 | |
| MAexp20: | 6.9795 | |
| MAexp50: | 6.9816 | |
| MAexp100: | 6.9846 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -2.21% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.15% |
Quotes :
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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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