AUD/CNH - 1H - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
6%
56%
39%
My opinion
Bearish under 4.73013 CNH
My targets
4.69907 CNH (-0.02054)
4.68473 CNH (-0.03488)
My analysis
There is a bearish trend on AUD/CNH both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4.73013 CNH. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 4.69907 CNH. Then the price could move towards 4.68473 CNH. Then 4.65114 CNH by extension. Be careful, a return to above the resistance 4.73013 CNH would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.8
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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 price is 4.71961 CNH. The price registered a decrease of -0.06% on the session and was between 4.71498 CNH and 4.76963 CNH. This implies that the price is at +0.10% from its lowest and at -1.05% from its highest.4.71498
4.76963
4.71961
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/CNH indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.68473 | 4.69907 | 4.71603 | 4.71961 | 4.73013 | 4.74501 | 4.79730 |
| Change (%) | -0.74% | -0.44% | -0.08% | - | +0.22% | +0.54% | +1.65% |
| Change | -0.03488 | -0.02054 | -0.00358 | - | +0.01052 | +0.02540 | +0.07769 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.68347 | 4.69961 | 4.71095 | 4.72709 | 4.73843 | 4.75457 | 4.76591 |
| Camarilla | 4.71472 | 4.71724 | 4.71976 | 4.72228 | 4.72480 | 4.72732 | 4.72984 |
| Woodie | 4.68106 | 4.69841 | 4.70854 | 4.72589 | 4.73602 | 4.75337 | 4.76350 |
| Fibonacci | 4.69961 | 4.71011 | 4.71660 | 4.72709 | 4.73759 | 4.74408 | 4.75457 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.53460 | 4.60966 | 4.66620 | 4.74126 | 4.79780 | 4.87286 | 4.92940 |
| Camarilla | 4.68654 | 4.69860 | 4.71067 | 4.72273 | 4.73479 | 4.74686 | 4.75892 |
| Woodie | 4.52533 | 4.60503 | 4.65693 | 4.73663 | 4.78853 | 4.86823 | 4.92013 |
| Fibonacci | 4.60966 | 4.65994 | 4.69099 | 4.74126 | 4.79154 | 4.82259 | 4.87286 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52600 | 4.63483 | 4.71853 | 4.82736 | 4.91106 | 5.01989 | 5.10359 |
| Camarilla | 4.74929 | 4.76694 | 4.78459 | 4.80224 | 4.81989 | 4.83754 | 4.85519 |
| Woodie | 4.51345 | 4.62855 | 4.70598 | 4.82108 | 4.89851 | 5.01361 | 5.09104 |
| Fibonacci | 4.63483 | 4.70837 | 4.75381 | 4.82736 | 4.90090 | 4.94634 | 5.01989 |
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): | 41.51 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 3.12610 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 4.73409 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.75893 | |
| Elder Ray (13): | -0.01010 | |
| Super Trend (3,10): | 4.75292 | |
| Zig ZAG (10): | 4.72039 | |
| VORTEX (21): | 0.9983 | |
| Stochastique (14,3,5): | 10.84 | |
| TEMA (21): | 4.73306 | |
| Williams %R (14): | -98.46 | |
| Chande Momentum Oscillator (20): | -0.01136 | |
| Repulse (5,40,3): | -0.3513 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.22 |
| MA7: | 4.72082 | |
| MA20: | 4.79821 | |
| MA50: | 4.81788 | |
| MA100: | 4.72348 | |
| MAexp7: | 4.72994 | |
| MAexp20: | 4.73217 | |
| MAexp50: | 4.72958 | |
| MAexp100: | 4.72955 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.21% | |
| 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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