AUD/SEK - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.1414 SEK
My targets
7.1791 SEK (+0.0295)
7.2347 SEK (+0.0851)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/SEK as long as the price remains well above 7.1414 SEK. The buyers' bullish objective is set at 7.1791 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.2347 SEK. If there is any crossing, the next objective would be the resistance located at 7.2884 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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Additional analysis
Quotes
The AUD/SEK rating is 7.1496 SEK. On the day, this instrument gained +0.00% and was traded between 7.1471 SEK and 7.1769 SEK over the period. The price is currently at +0.03% from its lowest and -0.38% from its highest.7.1471
7.1769
7.1496
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 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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.1085 | 7.1260 | 7.1414 | 7.1496 | 7.1791 | 7.2347 | 7.2884 |
| Change (%) | -0.57% | -0.33% | -0.11% | - | +0.41% | +1.19% | +1.94% |
| Change | -0.0411 | -0.0236 | -0.0082 | - | +0.0295 | +0.0851 | +0.1388 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0740 | 7.0914 | 7.1205 | 7.1379 | 7.1670 | 7.1844 | 7.2135 |
| Camarilla | 7.1369 | 7.1412 | 7.1454 | 7.1497 | 7.1540 | 7.1582 | 7.1625 |
| Woodie | 7.0800 | 7.0943 | 7.1265 | 7.1408 | 7.1730 | 7.1873 | 7.2195 |
| Fibonacci | 7.0914 | 7.1091 | 7.1201 | 7.1379 | 7.1556 | 7.1666 | 7.1844 |
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): | 60.53 | |
| MACD (12,26,9): | 0.0077 | |
| Directional Movement: | 16.9641 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 7.1526 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1769 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 7.1304 | |
| Zig ZAG (10): | 7.1535 | |
| VORTEX (21): | 1.1299 | |
| Stochastique (14,3,5): | 74.03 | |
| TEMA (21): | 7.1569 | |
| Williams %R (14): | -44.61 | |
| Chande Momentum Oscillator (20): | 0.0089 | |
| Repulse (5,40,3): | -0.0581 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0123 | |
| Courbe Coppock: | 0.65 |
| MA7: | 7.1224 | |
| MA20: | 7.0841 | |
| MA50: | 7.0469 | |
| MA100: | 7.0717 | |
| MAexp7: | 7.1520 | |
| MAexp20: | 7.1435 | |
| MAexp50: | 7.1336 | |
| MAexp100: | 7.1237 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.36% |
Quotes :
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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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