AUD/SEK - 1H - Technical analysis published on 08/22/2023 (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 7.0164 SEK
My targets
7.0406 SEK (+0.0170)
7.0478 SEK (+0.0242)
My analysis
A bullish trend on AUD/SEK both in substance and in the short term. A purchase could be considered as long as the price remains above 7.0164 SEK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 7.0406 SEK. Then the price could move towards 7.0478 SEK. Then 7.0680 SEK by extension. Be careful, a return below 7.0164 SEK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
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 7.0236 SEK. The price has increased by +0.00% since the last closing and was between 7.0139 SEK and 7.0320 SEK. This implies that the price is at +0.14% from its lowest and at -0.12% from its highest.7.0139
7.0320
7.0236
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9889 | 7.0044 | 7.0164 | 7.0236 | 7.0270 | 7.0406 | 7.0478 |
| Change (%) | -0.49% | -0.27% | -0.10% | - | +0.05% | +0.24% | +0.34% |
| Change | -0.0347 | -0.0192 | -0.0072 | - | +0.0034 | +0.0170 | +0.0242 |
| Level | Major | Minor | Minor | - | Minor | Minor | Major |
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 | 6.9420 | 6.9677 | 6.9957 | 7.0214 | 7.0494 | 7.0751 | 7.1031 |
| Camarilla | 7.0089 | 7.0139 | 7.0188 | 7.0237 | 7.0286 | 7.0336 | 7.0385 |
| Woodie | 6.9432 | 6.9683 | 6.9969 | 7.0220 | 7.0506 | 7.0757 | 7.1043 |
| Fibonacci | 6.9677 | 6.9882 | 7.0009 | 7.0214 | 7.0419 | 7.0546 | 7.0751 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9134 | 6.9411 | 6.9898 | 7.0175 | 7.0662 | 7.0939 | 7.1426 |
| Camarilla | 7.0174 | 7.0244 | 7.0314 | 7.0384 | 7.0454 | 7.0524 | 7.0594 |
| Woodie | 6.9238 | 6.9464 | 7.0002 | 7.0228 | 7.0766 | 7.0992 | 7.1530 |
| Fibonacci | 6.9411 | 6.9703 | 6.9884 | 7.0175 | 7.0467 | 7.0648 | 7.0939 |
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): | 45.91 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -7.1392 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 7.0222 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0330 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 7.0014 | |
| Zig ZAG (10): | 7.0183 | |
| VORTEX (21): | 0.9369 | |
| Stochastique (14,3,5): | 60.32 | |
| TEMA (21): | 7.0214 | |
| Williams %R (14): | -48.68 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.30 |
| MA7: | 7.0164 | |
| MA20: | 7.0088 | |
| MA50: | 7.0953 | |
| MA100: | 7.0429 | |
| MAexp7: | 7.0222 | |
| MAexp20: | 7.0217 | |
| MAexp50: | 7.0195 | |
| MAexp100: | 7.0148 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -0.27% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.13% |
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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