CAD/SEK - 1H - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.6523 SEK
My targets
7.6037 SEK (-0.0149)
7.5156 SEK (-0.1030)
My analysis
There is a bearish trend on CAD/SEK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 7.6523 SEK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 7.6037 SEK. Then the price could move towards 7.5156 SEK. Then 7.1291 SEK by extension. Be careful, a return to above the resistance 7.6523 SEK 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/SEK rating is 7.6186 SEK. On the day, this instrument lost -0.01% and was traded between 7.6148 SEK and 7.6418 SEK over the period. The price is currently at +0.05% from its lowest and -0.30% from its highest.7.6148
7.6418
7.6186
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 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 bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
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. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
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 | 7.1291 | 7.5156 | 7.6037 | 7.6186 | 7.6523 | 7.6983 | 7.7309 |
| Change (%) | -6.43% | -1.35% | -0.20% | - | +0.44% | +1.05% | +1.47% |
| Change | -0.4895 | -0.1030 | -0.0149 | - | +0.0337 | +0.0797 | +0.1123 |
| Level | Major | Major | Intermediate | - | Major | Major | 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 | 7.5700 | 7.5875 | 7.6034 | 7.6209 | 7.6368 | 7.6543 | 7.6702 |
| Camarilla | 7.6102 | 7.6133 | 7.6163 | 7.6194 | 7.6225 | 7.6255 | 7.6286 |
| Woodie | 7.5693 | 7.5871 | 7.6027 | 7.6205 | 7.6361 | 7.6539 | 7.6695 |
| Fibonacci | 7.5875 | 7.6002 | 7.6081 | 7.6209 | 7.6336 | 7.6415 | 7.6543 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4564 | 7.5389 | 7.5943 | 7.6768 | 7.7322 | 7.8147 | 7.8701 |
| Camarilla | 7.6118 | 7.6244 | 7.6371 | 7.6497 | 7.6623 | 7.6750 | 7.6876 |
| Woodie | 7.4429 | 7.5321 | 7.5808 | 7.6700 | 7.7187 | 7.8079 | 7.8566 |
| Fibonacci | 7.5389 | 7.5916 | 7.6241 | 7.6768 | 7.7295 | 7.7620 | 7.8147 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3936 | 7.4916 | 7.6185 | 7.7165 | 7.8434 | 7.9414 | 8.0683 |
| Camarilla | 7.6835 | 7.7041 | 7.7247 | 7.7453 | 7.7659 | 7.7865 | 7.8072 |
| Woodie | 7.4080 | 7.4988 | 7.6329 | 7.7237 | 7.8578 | 7.9486 | 8.0827 |
| Fibonacci | 7.4916 | 7.5776 | 7.6306 | 7.7165 | 7.8025 | 7.8555 | 7.9414 |
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): | 47.98 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 2.1505 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.6282 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6207 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 7.6122 | |
| Zig ZAG (10): | 7.6237 | |
| VORTEX (21): | 0.9688 | |
| Stochastique (14,3,5): | 47.78 | |
| TEMA (21): | 7.6301 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.1887 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.24 |
| MA7: | 7.6426 | |
| MA20: | 7.7262 | |
| MA50: | 7.6988 | |
| MA100: | 7.7690 | |
| MAexp7: | 7.6269 | |
| MAexp20: | 7.6258 | |
| MAexp50: | 7.6263 | |
| MAexp100: | 7.6380 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -1.39% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -1.94% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.25% |
Quotes :
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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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