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AUD/CNH
AUD CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDCNH
ISIN:

AUD/CNH - 1H - Technical analysis published on 06/15/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 4.85700 CNH
My targets
4.88964 CNH (+0.01588)
4.90456 CNH (+0.03080)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/CNH. As long as you are above the support located at 4.85700 CNH, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.88964 CNH would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.90456 CNH as an objective. Crossing it would then enable buyers to target 4.95704 CNH. If the support 4.85700 CNH were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish 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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/CNH price is 4.87376 CNH. The price registered a decrease of -0.01% on the session with the lowest point at 4.86093 CNH and the highest point at 4.88917 CNH. The deviation from the price is +0.26% for the low point and -0.32% for the high point.

4.86093
4.88917
4.87376

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this AUD/CNH chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.74202 4.77481 4.85700 4.87376 4.88964 4.95704 5.05135
Change (%) -2.70% -2.03% -0.34% - +0.33% +1.71% +3.64%
Change -0.13174 -0.09895 -0.01676 - +0.01588 +0.08328 +0.17759
Level Major Minor Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.809474.828614.851374.870514.893274.912414.93517
Camarilla4.862624.866464.870304.874144.877984.881824.88566
Woodie4.811294.829524.853194.871424.895094.913324.93699
Fibonacci4.828614.844614.854504.870514.886514.896404.91241


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.599164.643444.729724.774004.860284.904564.99084
Camarilla4.780104.792064.804034.816004.827974.839944.85190
Woodie4.620164.653944.750724.784504.881284.915065.01184
Fibonacci4.643444.693314.724134.774004.823874.854694.90456


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.428444.503524.567044.642124.705644.780724.84424
Camarilla4.592444.605144.617854.630554.643264.655964.66867
Woodie4.422654.500634.561254.639234.699854.777834.83845
Fibonacci4.503524.556474.589184.642124.695074.727784.78072

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): 52.24
MACD (12,26,9): 0.0047
Directional Movement: -9.29267
AROON (14): -14.28571
DEMA (21): 4.88224
Parabolic SAR (0,02-0,02-0,2): 4.85223
Elder Ray (13): 0.00353
Super Trend (3,10): 4.86495
Zig ZAG (10): 4.87520
VORTEX (21): 1.0551
Stochastique (14,3,5): 81.74
TEMA (21): 4.88118
Williams %R (14): -35.36
Chande Momentum Oscillator (20): -0.00497
Repulse (5,40,3): -0.1826
ROCnROLL: -1
TRIX (15,9): 0.0153
Courbe Coppock: 0.05
MA7: 4.82744
MA20: 4.71894
MA50: 4.66606
MA100: 4.66557
MAexp7: 4.87938
MAexp20: 4.87583
MAexp50: 4.86399
MAexp100: 4.84132
Price / MA7: +0.96%
Price / MA20: +3.28%
Price / MA50: +4.45%
Price / MA100: +4.46%
Price / MAexp7: -0.12%
Price / MAexp20: -0.04%
Price / MAexp50: +0.20%
Price / MAexp100: +0.67%

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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Londinia
Londinia AI

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