AUD/SEK - Daily - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 7.0364 SEK
My targets
6.8988 SEK (-0.0745)
6.7867 SEK (-0.1866)
My analysis
AUD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.0364 SEK. The next support located at 6.8988 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.7867 SEK. Below this support, sellers could then target 6.6623 SEK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/SEK rating 6.9733 SEK. The price is lower by -0.01% since the last closing and was traded between 6.9653 SEK and 6.9949 SEK over the period. The price is currently at +0.11% from its lowest and -0.31% from its highest.6.9653
6.9949
6.9733
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this Daily chart of AUD/SEK indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.7867 | 6.8988 | 6.9570 | 6.9733 | 7.0364 | 7.1273 | 7.2169 |
| Change (%) | -2.68% | -1.07% | -0.23% | - | +0.90% | +2.21% | +3.49% |
| Change | -0.1866 | -0.0745 | -0.0163 | - | +0.0631 | +0.1540 | +0.2436 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 6.8943 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.63 | |
| MACD (12,26,9): | -0.0372 | |
| Directional Movement: | -3.7403 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 6.9687 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0778 | |
| Elder Ray (13): | -0.0191 | |
| Super Trend (3,10): | 7.1593 | |
| Zig ZAG (10): | 6.9701 | |
| VORTEX (21): | 0.9539 | |
| Stochastique (14,3,5): | 38.09 | |
| TEMA (21): | 6.9525 | |
| Williams %R (14): | -69.88 | |
| Chande Momentum Oscillator (20): | -0.0713 | |
| Repulse (5,40,3): | -0.5658 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0856 | |
| Courbe Coppock: | 0.52 |
| MA7: | 6.9811 | |
| MA20: | 6.9985 | |
| MA50: | 7.1316 | |
| MA100: | 7.0375 | |
| MAexp7: | 6.9842 | |
| MAexp20: | 7.0188 | |
| MAexp50: | 7.0607 | |
| MAexp100: | 7.0697 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -2.22% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -1.24% | |
| Price / MAexp100: | -1.36% |
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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