CAD/SEK - 1H - Technical analysis published on 10/09/2023 (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:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 8.0277 SEK
My targets
8.1199 SEK (+0.0385)
8.1469 SEK (+0.0655)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/SEK. This is a positive signal for buyers. As long as the price remains above 8.0277 SEK, a purchase could be considered. The first bullish objective is located at 8.1199 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.1469 SEK as an objective. Crossing it would then enable buyers to target 8.2037 SEK. In the event of a return below 8.0277 SEK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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Additional analysis
Quotes
CAD/SEK rating 8.0814 SEK. The price registered an increase of +0.81% on the session and was traded between 8.0215 SEK and 8.0816 SEK over the period. The price is currently at +0.75% from its lowest and +0.00% from its highest.8.0215
8.0816
8.0814
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 CAD/SEK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 7.8967 | 8.0069 | 8.0277 | 8.0814 | 8.0869 | 8.1199 | 8.1469 |
| Change (%) | -2.29% | -0.92% | -0.66% | - | +0.07% | +0.48% | +0.81% |
| Change | -0.1847 | -0.0745 | -0.0537 | - | +0.0055 | +0.0385 | +0.0655 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | 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 | 7.8871 | 7.9411 | 7.9787 | 8.0327 | 8.0703 | 8.1243 | 8.1619 |
| Camarilla | 7.9912 | 7.9996 | 8.0080 | 8.0164 | 8.0248 | 8.0332 | 8.0416 |
| Woodie | 7.8790 | 7.9370 | 7.9706 | 8.0286 | 8.0622 | 8.1202 | 8.1538 |
| Fibonacci | 7.9411 | 7.9761 | 7.9977 | 8.0327 | 8.0677 | 8.0893 | 8.1243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8427 | 7.9189 | 7.9676 | 8.0438 | 8.0925 | 8.1687 | 8.2174 |
| Camarilla | 7.9821 | 7.9935 | 8.0050 | 8.0164 | 8.0279 | 8.0393 | 8.0508 |
| Woodie | 7.8291 | 7.9120 | 7.9540 | 8.0369 | 8.0789 | 8.1618 | 8.2038 |
| Fibonacci | 7.9189 | 7.9666 | 7.9961 | 8.0438 | 8.0915 | 8.1210 | 8.1687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6286 | 7.8302 | 7.9354 | 8.1370 | 8.2422 | 8.4438 | 8.5490 |
| Camarilla | 7.9562 | 7.9844 | 8.0125 | 8.0406 | 8.0687 | 8.0969 | 8.1250 |
| Woodie | 7.5804 | 7.8061 | 7.8872 | 8.1129 | 8.1940 | 8.4197 | 8.5008 |
| Fibonacci | 7.8302 | 7.9474 | 8.0198 | 8.1370 | 8.2542 | 8.3266 | 8.4438 |
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): | 64.22 | |
| MACD (12,26,9): | 0.0079 | |
| Directional Movement: | 11.0795 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 8.0522 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9965 | |
| Elder Ray (13): | 0.0203 | |
| Super Trend (3,10): | 8.0207 | |
| Zig ZAG (10): | 8.0758 | |
| VORTEX (21): | 1.0924 | |
| Stochastique (14,3,5): | 94.45 | |
| TEMA (21): | 8.0607 | |
| Williams %R (14): | -0.37 | |
| Chande Momentum Oscillator (20): | 0.0603 | |
| Repulse (5,40,3): | 0.3667 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0065 | |
| Courbe Coppock: | 0.76 |
| MA7: | 8.0553 | |
| MA20: | 8.1698 | |
| MA50: | 8.1020 | |
| MA100: | 8.0603 | |
| MAexp7: | 8.0564 | |
| MAexp20: | 8.0439 | |
| MAexp50: | 8.0409 | |
| MAexp100: | 8.0519 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -0.25% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.50% | |
| 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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