AUD/CNH - Daily - Technical analysis published on 05/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 4.63241 CNH
My targets
4.58086 CNH (-0.02882)
4.45992 CNH (-0.14976)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/CNH as long as the price remains well below 4.63241 CNH. The next bearish objective for sellers is set at 4.58086 CNH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.45992 CNH. If there is any crossing, the next objective would be the support located at 4.09128 CNH. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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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/CNH rating is 4.60968 CNH. The price has increased by +0.00% since the last closing and was between 4.60507 CNH and 4.61320 CNH. This implies that the price is at +0.10% from its lowest and at -0.08% from its highest.4.60507
4.61320
4.60968
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/CNH:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/CNH chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being 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 decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish doji star
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.09128 | 4.45992 | 4.58086 | 4.60968 | 4.63241 | 4.70265 | 4.74202 |
| Change (%) | -11.25% | -3.25% | -0.63% | - | +0.49% | +2.02% | +2.87% |
| Change | -0.51840 | -0.14976 | -0.02882 | - | +0.02273 | +0.09297 | +0.13234 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | 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 | 4.57117 | 4.58859 | 4.59918 | 4.61660 | 4.62719 | 4.64461 | 4.65520 |
| Camarilla | 4.60206 | 4.60463 | 4.60719 | 4.60976 | 4.61233 | 4.61490 | 4.61746 |
| Woodie | 4.56775 | 4.58688 | 4.59576 | 4.61489 | 4.62377 | 4.64290 | 4.65178 |
| Fibonacci | 4.58859 | 4.59929 | 4.60590 | 4.61660 | 4.62730 | 4.63391 | 4.64461 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.57938 | 4.60411 | 4.63772 | 4.66245 | 4.69606 | 4.72079 | 4.75440 |
| Camarilla | 4.65529 | 4.66063 | 4.66598 | 4.67133 | 4.67668 | 4.68203 | 4.68737 |
| Woodie | 4.58382 | 4.60633 | 4.64216 | 4.66467 | 4.70050 | 4.72301 | 4.75884 |
| Fibonacci | 4.60411 | 4.62640 | 4.64016 | 4.66245 | 4.68474 | 4.69850 | 4.72079 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.41551 | 4.48621 | 4.53362 | 4.60432 | 4.65173 | 4.72243 | 4.76984 |
| Camarilla | 4.54856 | 4.55939 | 4.57021 | 4.58104 | 4.59187 | 4.60269 | 4.61352 |
| Woodie | 4.40388 | 4.48039 | 4.52199 | 4.59850 | 4.64010 | 4.71661 | 4.75821 |
| Fibonacci | 4.48621 | 4.53133 | 4.55920 | 4.60432 | 4.64944 | 4.67731 | 4.72243 |
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): | 43.57 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | -1.65173 | |
| AROON (14): | -85.71429 | |
| DEMA (21): | 4.65061 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.71080 | |
| Elder Ray (13): | -0.03629 | |
| Super Trend (3,10): | 4.57944 | |
| Zig ZAG (10): | 4.61115 | |
| VORTEX (21): | 1.0319 | |
| Stochastique (14,3,5): | 5.43 | |
| TEMA (21): | 4.64812 | |
| Williams %R (14): | -94.33 | |
| Chande Momentum Oscillator (20): | -0.09203 | |
| Repulse (5,40,3): | -0.9493 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0336 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.64948 | |
| MA20: | 4.65257 | |
| MA50: | 4.62554 | |
| MA100: | 4.66129 | |
| MAexp7: | 4.63782 | |
| MAexp20: | 4.64480 | |
| MAexp50: | 4.64165 | |
| MAexp100: | 4.65276 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.93% |
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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