AUD/SEK - Daily - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.0680 SEK
My targets
7.2347 SEK (+0.1061)
7.2884 SEK (+0.1598)
My analysis
AUD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.0680 SEK. The next resistance located at 7.2347 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.2884 SEK. After this resistance, buyers could then target 7.3746 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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 7.1286 SEK. The price registered an increase of +0.00% on the session and was between 7.1171 SEK and 7.1302 SEK. This implies that the price is at +0.16% from its lowest and at -0.02% from its highest.7.1171
7.1302
7.1286
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
A technical analysis in Daily of this AUD/SEK chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6.9570 | 7.0680 | 7.1260 | 7.1286 | 7.2347 | 7.2884 | 7.3746 |
| Change (%) | -2.41% | -0.85% | -0.04% | - | +1.49% | +2.24% | +3.45% |
| Change | -0.1716 | -0.0606 | -0.0026 | - | +0.1061 | +0.1598 | +0.2460 |
| Level | Major | Minor | Major | - | Minor | Intermediate | 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 | 7.0330 | 7.0570 | 7.0929 | 7.1169 | 7.1528 | 7.1768 | 7.2127 |
| Camarilla | 7.1124 | 7.1179 | 7.1234 | 7.1289 | 7.1344 | 7.1399 | 7.1454 |
| Woodie | 7.0391 | 7.0600 | 7.0990 | 7.1199 | 7.1589 | 7.1798 | 7.2188 |
| Fibonacci | 7.0570 | 7.0799 | 7.0940 | 7.1169 | 7.1398 | 7.1539 | 7.1768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9655 | 7.0112 | 7.0519 | 7.0976 | 7.1383 | 7.1840 | 7.2247 |
| Camarilla | 7.0689 | 7.0769 | 7.0848 | 7.0927 | 7.1006 | 7.1085 | 7.1165 |
| Woodie | 6.9631 | 7.0100 | 7.0495 | 7.0964 | 7.1359 | 7.1828 | 7.2223 |
| Fibonacci | 7.0112 | 7.0442 | 7.0646 | 7.0976 | 7.1306 | 7.1510 | 7.1840 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7944 | 6.8574 | 6.9810 | 7.0440 | 7.1676 | 7.2306 | 7.3542 |
| Camarilla | 7.0534 | 7.0705 | 7.0876 | 7.1047 | 7.1218 | 7.1389 | 7.1560 |
| Woodie | 6.8248 | 6.8726 | 7.0114 | 7.0592 | 7.1980 | 7.2458 | 7.3846 |
| Fibonacci | 6.8574 | 6.9287 | 6.9727 | 7.0440 | 7.1153 | 7.1593 | 7.2306 |
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): | 58.77 | |
| MACD (12,26,9): | 0.0210 | |
| Directional Movement: | 8.4551 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 7.1006 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0809 | |
| Elder Ray (13): | 0.0331 | |
| Super Trend (3,10): | 7.1593 | |
| Zig ZAG (10): | 7.1277 | |
| VORTEX (21): | 1.1228 | |
| Stochastique (14,3,5): | 79.97 | |
| TEMA (21): | 7.1257 | |
| Williams %R (14): | -11.69 | |
| Chande Momentum Oscillator (20): | 0.0498 | |
| Repulse (5,40,3): | 0.4538 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0296 | |
| Courbe Coppock: | 1.94 |
| MA7: | 7.1032 | |
| MA20: | 7.0690 | |
| MA50: | 7.0514 | |
| MA100: | 7.0650 | |
| MAexp7: | 7.1059 | |
| MAexp20: | 7.0777 | |
| MAexp50: | 7.0672 | |
| MAexp100: | 7.0661 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +1.09% | |
| Price / MA100: | +0.90% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +0.87% | |
| Price / MAexp100: | +0.88% |
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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