CAD/SEK - 1H - Technical analysis published on 03/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 7.6066 SEK
My targets
7.5712 SEK (-0.0145)
7.5582 SEK (-0.0275)
My analysis
There is a bearish trend on CAD/SEK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 7.6066 SEK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 7.5712 SEK. Then the price could move towards 7.5582 SEK. Then 7.5286 SEK by extension. Be careful, a return to above the resistance 7.6066 SEK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/SEK rating is 7.5857 SEK. The price has increased by +0.00% since the last closing and was between 7.5803 SEK and 7.5885 SEK. This implies that the price is at +0.07% from its lowest and at -0.04% from its highest.7.5803
7.5885
7.5857
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is bearish. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.5286 | 7.5582 | 7.5712 | 7.5857 | 7.5920 | 7.6066 | 7.6440 |
| Change (%) | -0.75% | -0.36% | -0.19% | - | +0.08% | +0.28% | +0.77% |
| Change | -0.0571 | -0.0275 | -0.0145 | - | +0.0063 | +0.0209 | +0.0583 |
| Level | Intermediate | Major | Minor | - | 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 | 7.5030 | 7.5277 | 7.5568 | 7.5815 | 7.6106 | 7.6353 | 7.6644 |
| Camarilla | 7.5712 | 7.5761 | 7.5811 | 7.5860 | 7.5909 | 7.5959 | 7.6008 |
| Woodie | 7.5053 | 7.5288 | 7.5591 | 7.5826 | 7.6129 | 7.6364 | 7.6667 |
| Fibonacci | 7.5277 | 7.5482 | 7.5609 | 7.5815 | 7.6020 | 7.6147 | 7.6353 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4323 | 7.4953 | 7.5347 | 7.5977 | 7.6371 | 7.7001 | 7.7395 |
| Camarilla | 7.5460 | 7.5554 | 7.5648 | 7.5742 | 7.5836 | 7.5930 | 7.6024 |
| Woodie | 7.4206 | 7.4894 | 7.5230 | 7.5918 | 7.6254 | 7.6942 | 7.7278 |
| Fibonacci | 7.4953 | 7.5344 | 7.5586 | 7.5977 | 7.6368 | 7.6610 | 7.7001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2854 | 7.4402 | 7.5428 | 7.6976 | 7.8002 | 7.9550 | 8.0576 |
| Camarilla | 7.5746 | 7.5982 | 7.6218 | 7.6454 | 7.6690 | 7.6926 | 7.7162 |
| Woodie | 7.2593 | 7.4272 | 7.5167 | 7.6846 | 7.7741 | 7.9420 | 8.0315 |
| Fibonacci | 7.4402 | 7.5385 | 7.5993 | 7.6976 | 7.7959 | 7.8567 | 7.9550 |
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): | 45.61 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -6.0205 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.5850 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.5723 | |
| Elder Ray (13): | -0.0035 | |
| Super Trend (3,10): | 7.6016 | |
| Zig ZAG (10): | 7.5832 | |
| VORTEX (21): | 0.9710 | |
| Stochastique (14,3,5): | 39.65 | |
| TEMA (21): | 7.5843 | |
| Williams %R (14): | -86.58 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | -0.0380 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.02 |
| MA7: | 7.5991 | |
| MA20: | 7.6394 | |
| MA50: | 7.7004 | |
| MA100: | 7.7279 | |
| MAexp7: | 7.5848 | |
| MAexp20: | 7.5866 | |
| MAexp50: | 7.5888 | |
| MAexp100: | 7.5948 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | -1.84% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.13% |
Quotes :
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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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