AUD/SEK - 1H - Technical analysis published on 08/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 7.0870 SEK
My targets
7.1273 SEK (+0.0330)
7.2169 SEK (+0.1226)
My analysis
The bullish trend is currently very strong on AUD/SEK. As long as the price remains above the support at 7.0870 SEK, you could try to benefit from the boom. The first bullish objective is located at 7.1273 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.2169 SEK as an objective. Crossing it would then enable buyers to target 7.2884 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 7.0943 SEK. The price has increased by +0.24% since the last closing and was between 7.0731 SEK and 7.0975 SEK. This implies that the price is at +0.30% from its lowest and at -0.05% from its highest.7.0731
7.0975
7.0943
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/SEK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 7.0470 | 7.0680 | 7.0870 | 7.0943 | 7.1273 | 7.2169 | 7.2884 |
| Change (%) | -0.67% | -0.37% | -0.10% | - | +0.47% | +1.73% | +2.74% |
| Change | -0.0473 | -0.0263 | -0.0073 | - | +0.0330 | +0.1226 | +0.1941 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 7.0127 | 7.0322 | 7.0548 | 7.0743 | 7.0969 | 7.1164 | 7.1390 |
| Camarilla | 7.0657 | 7.0696 | 7.0734 | 7.0773 | 7.0812 | 7.0850 | 7.0889 |
| Woodie | 7.0142 | 7.0330 | 7.0563 | 7.0751 | 7.0984 | 7.1172 | 7.1405 |
| Fibonacci | 7.0322 | 7.0483 | 7.0583 | 7.0743 | 7.0904 | 7.1004 | 7.1164 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9153 | 6.9544 | 7.0158 | 7.0549 | 7.1163 | 7.1554 | 7.2168 |
| Camarilla | 7.0497 | 7.0589 | 7.0681 | 7.0773 | 7.0865 | 7.0957 | 7.1049 |
| Woodie | 6.9266 | 6.9600 | 7.0271 | 7.0605 | 7.1276 | 7.1610 | 7.2281 |
| Fibonacci | 6.9544 | 6.9928 | 7.0165 | 7.0549 | 7.0933 | 7.1170 | 7.1554 |
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): | 53.13 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | -2.2954 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 7.0807 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0576 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 7.0458 | |
| Zig ZAG (10): | 7.0773 | |
| VORTEX (21): | 1.0659 | |
| Stochastique (14,3,5): | 69.63 | |
| TEMA (21): | 7.0824 | |
| Williams %R (14): | -42.13 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | -0.0837 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0068 | |
| Courbe Coppock: | 0.30 |
| MA7: | 7.0426 | |
| MA20: | 7.0144 | |
| MA50: | 7.0817 | |
| MA100: | 7.0456 | |
| MAexp7: | 7.0802 | |
| MAexp20: | 7.0755 | |
| MAexp50: | 7.0679 | |
| MAexp100: | 7.0563 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +0.69% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.54% |
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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