CAD/SEK - 1H - Technical analysis published on 02/07/2024 (GMT)
- 97
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 7.7661 SEK and 7.7940 SEK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/SEK. It is difficult to advise a trading direction under these conditions. The first support is located at 7.7661 SEK. The first resistance is located at 7.7940 SEK. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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 7.7852 SEK. On the day, this instrument lost -0.01% and was traded between 7.7511 SEK and 7.7937 SEK over the period. The price is currently at +0.44% from its lowest and -0.11% from its highest.7.7511
7.7937
7.7852
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.6983 | 7.7294 | 7.7661 | 7.7852 | 7.7940 | 7.8146 | 7.8267 |
| Change (%) | -1.12% | -0.72% | -0.25% | - | +0.11% | +0.38% | +0.53% |
| Change | -0.0869 | -0.0558 | -0.0191 | - | +0.0088 | +0.0294 | +0.0415 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6873 | 7.7337 | 7.7597 | 7.8061 | 7.8321 | 7.8785 | 7.9045 |
| Camarilla | 7.7659 | 7.7725 | 7.7792 | 7.7858 | 7.7924 | 7.7991 | 7.8057 |
| Woodie | 7.6772 | 7.7286 | 7.7496 | 7.8010 | 7.8220 | 7.8734 | 7.8944 |
| Fibonacci | 7.7337 | 7.7613 | 7.7784 | 7.8061 | 7.8337 | 7.8508 | 7.8785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6268 | 7.6665 | 7.7351 | 7.7748 | 7.8434 | 7.8831 | 7.9517 |
| Camarilla | 7.7738 | 7.7838 | 7.7937 | 7.8036 | 7.8135 | 7.8235 | 7.8334 |
| Woodie | 7.6412 | 7.6737 | 7.7495 | 7.7820 | 7.8578 | 7.8903 | 7.9661 |
| Fibonacci | 7.6665 | 7.7079 | 7.7335 | 7.7748 | 7.8162 | 7.8418 | 7.8831 |
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): | 46.66 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | -6.8384 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 7.7742 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7551 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 7.8036 | |
| Zig ZAG (10): | 7.7844 | |
| VORTEX (21): | 1.0004 | |
| Stochastique (14,3,5): | 77.36 | |
| TEMA (21): | 7.7776 | |
| Williams %R (14): | -15.09 | |
| Chande Momentum Oscillator (20): | 0.0139 | |
| Repulse (5,40,3): | 0.1216 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0137 | |
| Courbe Coppock: | 0.05 |
| MA7: | 7.7822 | |
| MA20: | 7.7549 | |
| MA50: | 7.6895 | |
| MA100: | 7.8350 | |
| MAexp7: | 7.7809 | |
| MAexp20: | 7.7814 | |
| MAexp50: | 7.7912 | |
| MAexp100: | 7.7915 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.08% |
Quotes :
-
Real time data
-
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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