CAD/SEK - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 7.7477 SEK
My targets
7.5077 SEK (-0.1929)
7.1291 SEK (-0.5715)
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 7.7477 SEK. The sellers' bearish objective is set at 7.5077 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.1291 SEK. In case of crossing, the next objective would be the support located at 6.8178 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
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/SEK rating 7.7006 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 7.6606 SEK and the highest point at 7.7319 SEK. The deviation from the price is +0.52% for the low point and -0.40% for the high point.7.6606
7.7319
7.7006
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 7.1291 | 7.5077 | 7.6983 | 7.7006 | 7.7477 | 7.8697 | 7.8967 |
| Change (%) | -7.42% | -2.50% | -0.03% | - | +0.61% | +2.20% | +2.55% |
| Change | -0.5715 | -0.1929 | -0.0023 | - | +0.0471 | +0.1691 | +0.1961 |
| Level | Major | Major | Major | - | Minor | Intermediate | 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 | 7.6265 | 7.6599 | 7.6808 | 7.7142 | 7.7351 | 7.7685 | 7.7894 |
| Camarilla | 7.6868 | 7.6918 | 7.6967 | 7.7017 | 7.7067 | 7.7117 | 7.7166 |
| Woodie | 7.6203 | 7.6568 | 7.6746 | 7.7111 | 7.7289 | 7.7654 | 7.7832 |
| Fibonacci | 7.6599 | 7.6806 | 7.6935 | 7.7142 | 7.7349 | 7.7478 | 7.7685 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7148 | 7.7915 | 7.8428 | 7.9195 | 7.9708 | 8.0475 | 8.0988 |
| Camarilla | 7.8589 | 7.8706 | 7.8824 | 7.8941 | 7.9058 | 7.9176 | 7.9293 |
| Woodie | 7.7021 | 7.7852 | 7.8301 | 7.9132 | 7.9581 | 8.0412 | 8.0861 |
| Fibonacci | 7.7915 | 7.8404 | 7.8706 | 7.9195 | 7.9684 | 7.9986 | 8.0475 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8042 | 7.8831 | 7.9666 | 8.0455 | 8.1290 | 8.2079 | 8.2914 |
| Camarilla | 8.0054 | 8.0203 | 8.0352 | 8.0501 | 8.0650 | 8.0799 | 8.0948 |
| Woodie | 7.8065 | 7.8843 | 7.9689 | 8.0467 | 8.1313 | 8.2091 | 8.2937 |
| Fibonacci | 7.8831 | 7.9451 | 7.9835 | 8.0455 | 8.1075 | 8.1459 | 8.2079 |
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): | 45.66 | |
| MACD (12,26,9): | -0.0073 | |
| Directional Movement: | -8.0508 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 7.6931 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7082 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 7.7311 | |
| Zig ZAG (10): | 7.6981 | |
| VORTEX (21): | 0.9908 | |
| Stochastique (14,3,5): | 49.88 | |
| TEMA (21): | 7.6965 | |
| Williams %R (14): | -48.67 | |
| Chande Momentum Oscillator (20): | -0.0113 | |
| Repulse (5,40,3): | 0.0264 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.50 |
| MA7: | 7.8126 | |
| MA20: | 7.9565 | |
| MA50: | 8.0603 | |
| MA100: | 8.0360 | |
| MAexp7: | 7.6975 | |
| MAexp20: | 7.7035 | |
| MAexp50: | 7.7267 | |
| MAexp100: | 7.7718 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | -3.22% | |
| Price / MA50: | -4.46% | |
| Price / MA100: | -4.17% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.92% |
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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