AUD/CNH - 1H - Technical analysis published on 08/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 4.76605 CNH
My targets
4.74202 CNH (-0.00701)
4.71389 CNH (-0.03514)
My analysis
AUD/CNH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.76605 CNH. The next support located at 4.74202 CNH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.71389 CNH. Below this support, sellers could then target 4.69696 CNH.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The AUD/CNH rating is 4.74903 CNH. On the day, this instrument lost -0.01% and was between 4.73544 CNH and 4.75928 CNH. This implies that the price is at +0.29% from its lowest and at -0.22% from its highest.4.73544
4.75928
4.74903
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/CNH:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/CNH chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.69696 | 4.71389 | 4.74202 | 4.74903 | 4.76605 | 4.79944 | 4.83972 |
| Change (%) | -1.10% | -0.74% | -0.15% | - | +0.36% | +1.06% | +1.91% |
| Change | -0.05207 | -0.03514 | -0.00701 | - | +0.01702 | +0.05041 | +0.09069 |
| Level | Intermediate | Minor | Major | - | Major | Major | Major |
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 | 4.66998 | 4.70912 | 4.72931 | 4.76845 | 4.78864 | 4.82778 | 4.84797 |
| Camarilla | 4.73319 | 4.73863 | 4.74407 | 4.74951 | 4.75495 | 4.76039 | 4.76583 |
| Woodie | 4.66052 | 4.70438 | 4.71985 | 4.76371 | 4.77918 | 4.82304 | 4.83851 |
| Fibonacci | 4.70912 | 4.73178 | 4.74578 | 4.76845 | 4.79111 | 4.80511 | 4.82778 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.57832 | 4.63578 | 4.69265 | 4.75011 | 4.80698 | 4.86444 | 4.92131 |
| Camarilla | 4.71807 | 4.72855 | 4.73903 | 4.74951 | 4.75999 | 4.77047 | 4.78095 |
| Woodie | 4.57802 | 4.63563 | 4.69235 | 4.74996 | 4.80668 | 4.86429 | 4.92101 |
| Fibonacci | 4.63578 | 4.67946 | 4.70644 | 4.75011 | 4.79379 | 4.82077 | 4.86444 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.34960 | 4.43211 | 4.57769 | 4.66020 | 4.80578 | 4.88829 | 5.03387 |
| Camarilla | 4.66055 | 4.68145 | 4.70236 | 4.72327 | 4.74418 | 4.76509 | 4.78600 |
| Woodie | 4.38114 | 4.44788 | 4.60923 | 4.67597 | 4.83732 | 4.90406 | 5.06541 |
| Fibonacci | 4.43211 | 4.51924 | 4.57307 | 4.66020 | 4.74733 | 4.80116 | 4.88829 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.87 | |
| MACD (12,26,9): | -0.0078 | |
| Directional Movement: | -5.38677 | |
| AROON (14): | -64.28571 | |
| DEMA (21): | 4.75007 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.73592 | |
| Elder Ray (13): | -0.00149 | |
| Super Trend (3,10): | 4.77048 | |
| Zig ZAG (10): | 4.75021 | |
| VORTEX (21): | 0.8806 | |
| Stochastique (14,3,5): | 22.02 | |
| TEMA (21): | 4.74306 | |
| Williams %R (14): | -79.03 | |
| Chande Momentum Oscillator (20): | -0.01243 | |
| Repulse (5,40,3): | -0.0184 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0206 | |
| Courbe Coppock: | 1.53 |
| MA7: | 4.74090 | |
| MA20: | 4.73302 | |
| MA50: | 4.67061 | |
| MA100: | 4.70475 | |
| MAexp7: | 4.75064 | |
| MAexp20: | 4.75938 | |
| MAexp50: | 4.76409 | |
| MAexp100: | 4.75898 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +0.94% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.21% |
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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