AUD/SEK - 1H - Technical analysis published on 10/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 7.0460 SEK
My targets
6.9570 SEK (-0.0463)
6.8988 SEK (-0.1045)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.0460 SEK remains possible. It is advisable to trade AUD/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.0460 SEK. The next bearish objective for sellers is set at 6.9570 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.8988 SEK. In case of crossing, the next objective would be the support located at 6.7867 SEK. PS: if there is a bullish break in the resistance located at 7.0460 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The AUD/SEK rating is 7.0033 SEK. On the day, this instrument lost -0.02% and was between 7.0016 SEK and 7.0348 SEK. This implies that the price is at +0.02% from its lowest and at -0.45% from its highest.7.0016
7.0348
7.0033
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
A technical analysis in 1H of this AUD/SEK chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.7867 | 6.8988 | 6.9570 | 7.0033 | 7.0046 | 7.0460 | 7.0729 |
| Change (%) | -3.09% | -1.49% | -0.66% | - | +0.02% | +0.61% | +0.99% |
| Change | -0.2166 | -0.1045 | -0.0463 | - | +0.0013 | +0.0427 | +0.0696 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 6.9219 | 6.9452 | 6.9749 | 6.9982 | 7.0279 | 7.0512 | 7.0809 |
| Camarilla | 6.9899 | 6.9948 | 6.9996 | 7.0045 | 7.0094 | 7.0142 | 7.0191 |
| Woodie | 6.9250 | 6.9468 | 6.9780 | 6.9998 | 7.0310 | 7.0528 | 7.0840 |
| Fibonacci | 6.9452 | 6.9655 | 6.9780 | 6.9982 | 7.0185 | 7.0310 | 7.0512 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7451 | 6.8652 | 6.9463 | 7.0664 | 7.1475 | 7.2676 | 7.3487 |
| Camarilla | 6.9720 | 6.9904 | 7.0089 | 7.0273 | 7.0457 | 7.0642 | 7.0826 |
| Woodie | 6.7255 | 6.8555 | 6.9267 | 7.0567 | 7.1279 | 7.2579 | 7.3291 |
| Fibonacci | 6.8652 | 6.9421 | 6.9896 | 7.0664 | 7.1433 | 7.1908 | 7.2676 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6743 | 6.8298 | 6.9286 | 7.0841 | 7.1829 | 7.3384 | 7.4372 |
| Camarilla | 6.9574 | 6.9807 | 7.0040 | 7.0273 | 7.0506 | 7.0739 | 7.0972 |
| Woodie | 6.6459 | 6.8156 | 6.9002 | 7.0699 | 7.1545 | 7.3242 | 7.4088 |
| Fibonacci | 6.8298 | 6.9270 | 6.9870 | 7.0841 | 7.1813 | 7.2413 | 7.3384 |
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): | 48.62 | |
| MACD (12,26,9): | 0.0051 | |
| Directional Movement: | 0.4762 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 7.0175 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9991 | |
| Elder Ray (13): | -0.0060 | |
| Super Trend (3,10): | 7.0007 | |
| Zig ZAG (10): | 7.0062 | |
| VORTEX (21): | 1.1523 | |
| Stochastique (14,3,5): | 41.06 | |
| TEMA (21): | 7.0216 | |
| Williams %R (14): | -72.47 | |
| Chande Momentum Oscillator (20): | 0.0082 | |
| Repulse (5,40,3): | -0.1828 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0113 | |
| Courbe Coppock: | 0.58 |
| MA7: | 7.0151 | |
| MA20: | 7.1018 | |
| MA50: | 7.0613 | |
| MA100: | 7.1015 | |
| MAexp7: | 7.0154 | |
| MAexp20: | 7.0111 | |
| MAexp50: | 7.0075 | |
| MAexp100: | 7.0157 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -1.39% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -1.38% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.18% |
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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