CAD/SEK - 1H - Technical analysis published on 01/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 7.7262 SEK
My targets
7.6983 SEK (-0.0180)
7.6831 SEK (-0.0332)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/SEK as long as the price remains well below 7.7262 SEK. The sellers' bearish objective is set at 7.6983 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.6831 SEK. In case of crossing, the next objective would be the support located at 7.6389 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/SEK rating 7.7163 SEK. The price registered a decrease of -0.02% on the session with the lowest point at 7.6992 SEK and the highest point at 7.7298 SEK. The deviation from the price is +0.22% for the low point and -0.17% for the high point.7.6992
7.7298
7.7163
Here is a more detailed summary of the historical variations registered by CAD/SEK:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 7.6831 | 7.6983 | 7.7113 | 7.7163 | 7.7262 | 7.7547 | 7.7743 |
| Change (%) | -0.43% | -0.23% | -0.06% | - | +0.13% | +0.50% | +0.75% |
| Change | -0.0332 | -0.0180 | -0.0050 | - | +0.0099 | +0.0384 | +0.0580 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 7.6058 | 7.6588 | 7.6883 | 7.7413 | 7.7708 | 7.8238 | 7.8533 |
| Camarilla | 7.6952 | 7.7028 | 7.7103 | 7.7179 | 7.7255 | 7.7330 | 7.7406 |
| Woodie | 7.5942 | 7.6529 | 7.6767 | 7.7354 | 7.7592 | 7.8179 | 7.8417 |
| Fibonacci | 7.6588 | 7.6903 | 7.7098 | 7.7413 | 7.7728 | 7.7923 | 7.8238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5406 | 7.5941 | 7.6942 | 7.7477 | 7.8478 | 7.9013 | 8.0014 |
| Camarilla | 7.7520 | 7.7660 | 7.7801 | 7.7942 | 7.8083 | 7.8224 | 7.8364 |
| Woodie | 7.5638 | 7.6058 | 7.7174 | 7.7594 | 7.8710 | 7.9130 | 8.0246 |
| Fibonacci | 7.5941 | 7.6528 | 7.6891 | 7.7477 | 7.8064 | 7.8427 | 7.9013 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2354 | 7.3694 | 7.4916 | 7.6256 | 7.7478 | 7.8818 | 8.0040 |
| Camarilla | 7.5435 | 7.5669 | 7.5904 | 7.6139 | 7.6374 | 7.6609 | 7.6844 |
| Woodie | 7.2296 | 7.3665 | 7.4858 | 7.6227 | 7.7420 | 7.8789 | 7.9982 |
| Fibonacci | 7.3694 | 7.4672 | 7.5277 | 7.6256 | 7.7234 | 7.7839 | 7.8818 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.94 | |
| MACD (12,26,9): | -0.0098 | |
| Directional Movement: | -7.0868 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 7.7074 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6997 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 7.7357 | |
| Zig ZAG (10): | 7.7147 | |
| VORTEX (21): | 1.0072 | |
| Stochastique (14,3,5): | 45.32 | |
| TEMA (21): | 7.7063 | |
| Williams %R (14): | -51.31 | |
| Chande Momentum Oscillator (20): | -0.0102 | |
| Repulse (5,40,3): | -0.0203 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0214 | |
| Courbe Coppock: | 0.24 |
| MA7: | 7.7556 | |
| MA20: | 7.6924 | |
| MA50: | 7.6675 | |
| MA100: | 7.8728 | |
| MAexp7: | 7.7130 | |
| MAexp20: | 7.7212 | |
| MAexp50: | 7.7381 | |
| MAexp100: | 7.7459 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | +0.31% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | -1.99% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.38% |
Quotes :
-
Real time data
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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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