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CAD/SEK
CAD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADSEK
ISIN:

CAD/SEK - 1H - Technical analysis published on 11/09/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 6.6402 SEK
My targets
6.6112 SEK (-0.0115)
6.5653 SEK (-0.0574)
My analysis
The bearish basic trend is very strong on CAD/SEK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 6.6402 SEK. Crossing the first support at 6.6112 SEK would be a sign of a further potential price plummet. Sellers would then use the next support located at 6.5653 SEK as an objective. Crossing it would then enable sellers to target 6.4926 SEK. Caution, a return to above the resistance located at 6.6402 SEK would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/SEK rating is 6.6227 SEK. The price has increased by +0.02% since the last closing with the lowest point at 6.6027 SEK and the highest point at 6.6436 SEK. The deviation from the price is +0.30% for the low point and -0.31% for the high point.

6.6027
6.6436
6.6227

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/SEK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.2697 6.4926 6.6112 6.6227 6.6402 6.6678 6.7074
Change (%) -5.33% -1.96% -0.17% - +0.26% +0.68% +1.28%
Change -0.3530 -0.1301 -0.0115 - +0.0175 +0.0451 +0.0847
Level Intermediate Major Intermediate - Major Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.53716.57406.59766.63456.65816.69506.7186
Camarilla6.60466.61016.61576.62126.62686.63236.6378
Woodie6.53056.57076.59106.63126.65156.69176.7120
Fibonacci6.57406.59716.61146.63456.65766.67196.6950


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.40786.50936.56536.66686.72286.82436.8803
Camarilla6.57796.59236.60686.62126.63566.65016.6645
Woodie6.38506.49796.54256.65546.70006.81296.8575
Fibonacci6.50936.56956.60676.66686.72706.76426.8243


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.47246.53926.61646.68326.76046.82726.9044
Camarilla6.65396.66716.68036.69356.70676.71996.7331
Woodie6.47756.54186.62156.68586.76556.82986.9095
Fibonacci6.53926.59426.62826.68326.73826.77226.8272

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): 49.33
MACD (12,26,9): -0.0037
Directional Movement: -5.8101
AROON (14): -14.2857
DEMA (21): 6.6202
Parabolic SAR (0,02-0,02-0,2): 6.6411
Elder Ray (13): 0.0025
Super Trend (3,10): 6.6534
Zig ZAG (10): 6.6312
VORTEX (21): 0.9894
Stochastique (14,3,5): 45.55
TEMA (21): 6.6227
Williams %R (14): -46.45
Chande Momentum Oscillator (20): -0.0007
Repulse (5,40,3): -0.0231
ROCnROLL: -1
TRIX (15,9): -0.0125
Courbe Coppock: 0.05
MA7: 6.6769
MA20: 6.6761
MA50: 6.6884
MA100: 6.6756
MAexp7: 6.6221
MAexp20: 6.6250
MAexp50: 6.6387
MAexp100: 6.6564
Price / MA7: -0.81%
Price / MA20: -0.80%
Price / MA50: -0.98%
Price / MA100: -0.79%
Price / MAexp7: +0.00%
Price / MAexp20: -0.05%
Price / MAexp50: -0.25%
Price / MAexp100: -0.52%

Quotes : 2020-11-09 14:26:28 - Real time data - Forex

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

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Londinia
Londinia AI

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