CHF/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFSEK
ISIN:

CHF/SEK - 1H - Technical analysis published on 01/22/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 12.0879 SEK

My targets

12.0251 SEK (-0.0267)

12.0073 SEK (-0.0445)

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 12.0879 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 12.0879 SEK. The next bearish objective for sellers is set at 12.0251 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.0073 SEK. In case of crossing, the next objective would be the support located at 11.9779 SEK. PS: if there is a bullish break in the resistance located at 12.0879 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

2.5

Comment on the analysis

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 CHF/SEK price is 12.0518 SEK. The price registered a decrease of -0.04% on the session with the lowest point at 12.0325 SEK and the highest point at 12.0703 SEK. The deviation from the price is +0.16% for the low point and -0.15% for the high point.

12.0325

12.0703

12.0518

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 CHF/SEK:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CHF/SEK indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.9779	12.0073	12.0251	12.0518	12.0536	12.0879	12.1110
Change (%)	-0.61%	-0.37%	-0.22%	-	+0.01%	+0.30%	+0.49%
Change	-0.0739	-0.0445	-0.0267	-	+0.0018	+0.0361	+0.0592
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.9606	11.9923	12.0243	12.0560	12.0880	12.1197	12.1517
Camarilla	12.0387	12.0445	12.0504	12.0562	12.0620	12.0679	12.0737
Woodie	11.9607	11.9924	12.0244	12.0561	12.0881	12.1198	12.1518
Fibonacci	11.9923	12.0167	12.0317	12.0560	12.0804	12.0954	12.1197

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.8831	11.9533	12.0048	12.0750	12.1265	12.1967	12.2482
Camarilla	12.0227	12.0339	12.0450	12.0562	12.0674	12.0785	12.0897
Woodie	11.8737	11.9486	11.9954	12.0703	12.1171	12.1920	12.2388
Fibonacci	11.9533	11.9998	12.0285	12.0750	12.1215	12.1502	12.1967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4167	11.5389	11.7631	11.8853	12.1095	12.2317	12.4559
Camarilla	11.8919	11.9237	11.9555	11.9872	12.0190	12.0507	12.0825
Woodie	11.4676	11.5644	11.8140	11.9108	12.1604	12.2572	12.5068
Fibonacci	11.5389	11.6713	11.7530	11.8853	12.0177	12.0994	12.2317

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.15
MACD (12,26,9):	-0.0037
Directional Movement:	9.0854
AROON (14):	71.4285
DEMA (21):	12.0426
Parabolic SAR (0,02-0,02-0,2):	12.0333
Elder Ray (13):	-0.0018
Super Trend (3,10):	12.0767
Zig ZAG (10):	12.0545
VORTEX (21):	1.0398
Stochastique (14,3,5):	56.15
TEMA (21):	12.0459
Williams %R (14):	-51.06
Chande Momentum Oscillator (20):	0.0152
Repulse (5,40,3):	0.0276
ROCnROLL:	-1
TRIX (15,9):	-0.0061
Courbe Coppock:	0.09

MA7:	12.0715
MA20:	11.9929
MA50:	11.9263
MA100:	12.0902
MAexp7:	12.0467
MAexp20:	12.0486
MAexp50:	12.0584
MAexp100:	12.0656
Price / MA7:	-0.16%
Price / MA20:	+0.49%
Price / MA50:	+1.05%
Price / MA100:	-0.32%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.03%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.11%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15124

Number of analyses :

75095

Followers :

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…