CHF/SEK - 1H - Technical analysis published on 12/19/2023 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 11.8558 SEK
My targets
11.7590 SEK (-0.0204)
11.7231 SEK (-0.0563)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.8558 SEK remains possible. It is advisable to trade CHF/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.8558 SEK. The next bearish objective for sellers is set at 11.7590 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.7231 SEK. In case of crossing, the next objective would be the support located at 11.4954 SEK. PS: if there is a bullish break in the resistance located at 11.8558 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/SEK rating 11.7794 SEK. The price registered a decrease of -0.05% on the session and was traded between 11.7656 SEK and 11.7900 SEK over the period. The price is currently at +0.12% from its lowest and -0.09% from its highest.11.7656
11.7900
11.7794
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 CHF/SEK:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.4954 | 11.7231 | 11.7590 | 11.7794 | 11.8558 | 11.8911 | 11.9284 |
| Change (%) | -2.41% | -0.48% | -0.17% | - | +0.65% | +0.95% | +1.26% |
| Change | -0.2840 | -0.0563 | -0.0204 | - | +0.0764 | +0.1117 | +0.1490 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5404 | 11.6319 | 11.7085 | 11.8000 | 11.8766 | 11.9681 | 12.0447 |
| Camarilla | 11.7390 | 11.7544 | 11.7698 | 11.7852 | 11.8006 | 11.8160 | 11.8314 |
| Woodie | 11.5331 | 11.6282 | 11.7012 | 11.7963 | 11.8693 | 11.9644 | 12.0374 |
| Fibonacci | 11.6319 | 11.6961 | 11.7358 | 11.8000 | 11.8642 | 11.9039 | 11.9681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4259 | 11.5744 | 11.6906 | 11.8391 | 11.9553 | 12.1038 | 12.2200 |
| Camarilla | 11.7340 | 11.7583 | 11.7825 | 11.8068 | 11.8311 | 11.8553 | 11.8796 |
| Woodie | 11.4098 | 11.5663 | 11.6745 | 11.8310 | 11.9392 | 12.0957 | 12.2039 |
| Fibonacci | 11.5744 | 11.6755 | 11.7380 | 11.8391 | 11.9402 | 12.0027 | 12.1038 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0679 | 11.3986 | 11.6961 | 12.0268 | 12.3243 | 12.6550 | 12.9525 |
| Camarilla | 11.8210 | 11.8785 | 11.9361 | 11.9937 | 12.0513 | 12.1089 | 12.1665 |
| Woodie | 11.0514 | 11.3903 | 11.6796 | 12.0185 | 12.3078 | 12.6467 | 12.9360 |
| Fibonacci | 11.3986 | 11.6385 | 11.7868 | 12.0268 | 12.2667 | 12.4150 | 12.6550 |
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): | 46.07 | |
| MACD (12,26,9): | -0.0052 | |
| Directional Movement: | -7.6233 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 11.7704 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7480 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 11.8245 | |
| Zig ZAG (10): | 11.7724 | |
| VORTEX (21): | 0.9897 | |
| Stochastique (14,3,5): | 57.15 | |
| TEMA (21): | 11.7731 | |
| Williams %R (14): | -62.98 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0389 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0083 | |
| Courbe Coppock: | 0.15 |
| MA7: | 11.8398 | |
| MA20: | 11.8752 | |
| MA50: | 12.0437 | |
| MA100: | 12.1693 | |
| MAexp7: | 11.7752 | |
| MAexp20: | 11.7784 | |
| MAexp50: | 11.7936 | |
| MAexp100: | 11.8213 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -3.20% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.35% |
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.
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