AUD/CNH - 1H - Technical analysis published on 08/25/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4.69679 CNH
My targets
4.66137 CNH (-0.01112)
4.65114 CNH (-0.02135)
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 4.69679 CNH. The next bearish objective for sellers is set at 4.66137 CNH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.65114 CNH. If there is any crossing, the next objective would be the support located at 4.56009 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.
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
6.3
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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 4.67249 CNH. On the day, this instrument gained +0.00% and was between 4.65663 CNH and 4.69611 CNH. This implies that the price is at +0.34% from its lowest and at -0.50% from its highest.4.65663
4.69611
4.67249
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/CNH in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% 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.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.56009 | 4.65114 | 4.66137 | 4.67249 | 4.67378 | 4.69679 | 4.71673 |
| Change (%) | -2.41% | -0.46% | -0.24% | - | +0.03% | +0.52% | +0.95% |
| Change | -0.11240 | -0.02135 | -0.01112 | - | +0.00129 | +0.02430 | +0.04424 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 4.59754 | 4.63332 | 4.65296 | 4.68874 | 4.70838 | 4.74416 | 4.76380 |
| Camarilla | 4.65736 | 4.66244 | 4.66752 | 4.67260 | 4.67768 | 4.68276 | 4.68784 |
| Woodie | 4.58947 | 4.62929 | 4.64489 | 4.68471 | 4.70031 | 4.74013 | 4.75573 |
| Fibonacci | 4.63332 | 4.65449 | 4.66757 | 4.68874 | 4.70991 | 4.72299 | 4.74416 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.54491 | 4.60314 | 4.64259 | 4.70082 | 4.74027 | 4.79850 | 4.83795 |
| Camarilla | 4.65518 | 4.66413 | 4.67309 | 4.68204 | 4.69099 | 4.69995 | 4.70890 |
| Woodie | 4.53552 | 4.59845 | 4.63320 | 4.69613 | 4.73088 | 4.79381 | 4.82856 |
| Fibonacci | 4.60314 | 4.64045 | 4.66351 | 4.70082 | 4.73813 | 4.76119 | 4.79850 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.83 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -16.79640 | |
| AROON (14): | 0 | |
| DEMA (21): | 4.67385 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.65663 | |
| Elder Ray (13): | -0.00846 | |
| Super Trend (3,10): | 4.68974 | |
| Zig ZAG (10): | 4.67299 | |
| VORTEX (21): | 0.9193 | |
| Stochastique (14,3,5): | 31.90 | |
| TEMA (21): | 4.67477 | |
| Williams %R (14): | -57.37 | |
| Chande Momentum Oscillator (20): | -0.00067 | |
| Repulse (5,40,3): | -0.2175 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.17 |
| MA7: | 4.68489 | |
| MA20: | 4.71327 | |
| MA50: | 4.79362 | |
| MA100: | 4.73316 | |
| MAexp7: | 4.67549 | |
| MAexp20: | 4.67927 | |
| MAexp50: | 4.68588 | |
| MAexp100: | 4.69003 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -2.53% | |
| Price / MA100: | -1.28% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.37% |
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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