AUD/SEK - 1H - Technical analysis published on 08/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 7.0023 SEK
My targets
7.0323 SEK (+0.0198)
7.0484 SEK (+0.0359)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AUD/SEK as long as the price remains well above 7.0023 SEK. The buyers' bullish objective is set at 7.0323 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0484 SEK. If there is any crossing, the next objective would be the resistance located at 7.0680 SEK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.2
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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 7.0125 SEK. The price registered a decrease of -0.03% on the session and was between 6.9910 SEK and 7.0270 SEK. This implies that the price is at +0.31% from its lowest and at -0.21% from its highest.6.9910
7.0270
7.0125
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9719 | 6.9890 | 7.0023 | 7.0125 | 7.0323 | 7.0484 | 7.0680 |
| Change (%) | -0.58% | -0.34% | -0.15% | - | +0.28% | +0.51% | +0.79% |
| Change | -0.0406 | -0.0235 | -0.0102 | - | +0.0198 | +0.0359 | +0.0555 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 6.9487 | 6.9687 | 6.9916 | 7.0116 | 7.0345 | 7.0545 | 7.0774 |
| Camarilla | 7.0028 | 7.0067 | 7.0107 | 7.0146 | 7.0185 | 7.0225 | 7.0264 |
| Woodie | 6.9503 | 6.9694 | 6.9932 | 7.0123 | 7.0361 | 7.0552 | 7.0790 |
| Fibonacci | 6.9687 | 6.9851 | 6.9952 | 7.0116 | 7.0280 | 7.0381 | 7.0545 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8218 | 6.8711 | 6.9499 | 6.9992 | 7.0780 | 7.1273 | 7.2061 |
| Camarilla | 6.9936 | 7.0053 | 7.0171 | 7.0288 | 7.0405 | 7.0523 | 7.0640 |
| Woodie | 6.8367 | 6.8785 | 6.9648 | 7.0066 | 7.0929 | 7.1347 | 7.2210 |
| Fibonacci | 6.8711 | 6.9200 | 6.9502 | 6.9992 | 7.0481 | 7.0783 | 7.1273 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.82 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -5.6751 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 7.0119 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9993 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 7.0363 | |
| Zig ZAG (10): | 7.0096 | |
| VORTEX (21): | 1.0148 | |
| Stochastique (14,3,5): | 56.10 | |
| TEMA (21): | 7.0135 | |
| Williams %R (14): | -46.86 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | -0.1962 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.19 |
| MA7: | 7.0015 | |
| MA20: | 7.0074 | |
| MA50: | 7.1156 | |
| MA100: | 7.0408 | |
| MAexp7: | 7.0123 | |
| MAexp20: | 7.0111 | |
| MAexp50: | 7.0108 | |
| MAexp100: | 7.0079 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.07% |
Quotes :
-
Real time data
-
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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