CAD/SEK - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7.6250 SEK
My targets
7.5742 SEK (-0.0404)
7.5126 SEK (-0.1020)
My analysis
CAD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.6250 SEK. The next support located at 7.5742 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.5126 SEK. Below this support, sellers could then target 7.4845 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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.
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Additional analysis
Quotes
CAD/SEK rating 7.6146 SEK. The price registered a decrease of -0.02% on the session and was between 7.6110 SEK and 7.6187 SEK. This implies that the price is at +0.05% from its lowest and at -0.05% from its highest.7.6110
7.6187
7.6146
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
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. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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 | 7.4845 | 7.5126 | 7.5742 | 7.6146 | 7.6250 | 7.6983 | 7.7319 |
| Change (%) | -1.71% | -1.34% | -0.53% | - | +0.14% | +1.10% | +1.54% |
| Change | -0.1301 | -0.1020 | -0.0404 | - | +0.0104 | +0.0837 | +0.1173 |
| Level | Minor | Major | Major | - | Minor | Major | 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 | 7.5063 | 7.5588 | 7.5875 | 7.6400 | 7.6687 | 7.7212 | 7.7499 |
| Camarilla | 7.5939 | 7.6013 | 7.6088 | 7.6162 | 7.6236 | 7.6311 | 7.6385 |
| Woodie | 7.4944 | 7.5529 | 7.5756 | 7.6341 | 7.6568 | 7.7153 | 7.7380 |
| Fibonacci | 7.5588 | 7.5898 | 7.6090 | 7.6400 | 7.6710 | 7.6902 | 7.7212 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2687 | 7.3766 | 7.5162 | 7.6241 | 7.7637 | 7.8716 | 8.0112 |
| Camarilla | 7.5877 | 7.6104 | 7.6331 | 7.6558 | 7.6785 | 7.7012 | 7.7239 |
| Woodie | 7.2846 | 7.3845 | 7.5321 | 7.6320 | 7.7796 | 7.8795 | 8.0271 |
| Fibonacci | 7.3766 | 7.4712 | 7.5296 | 7.6241 | 7.7187 | 7.7771 | 7.8716 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2832 | 7.4892 | 7.6064 | 7.8124 | 7.9296 | 8.1356 | 8.2528 |
| Camarilla | 7.6348 | 7.6645 | 7.6941 | 7.7237 | 7.7533 | 7.7830 | 7.8126 |
| Woodie | 7.2389 | 7.4670 | 7.5621 | 7.7902 | 7.8853 | 8.1134 | 8.2085 |
| Fibonacci | 7.4892 | 7.6126 | 7.6889 | 7.8124 | 7.9358 | 8.0121 | 8.1356 |
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): | 30.72 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -11.8963 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 7.6188 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6218 | |
| Elder Ray (13): | -0.0105 | |
| Super Trend (3,10): | 7.6418 | |
| Zig ZAG (10): | 7.6142 | |
| VORTEX (21): | 0.7411 | |
| Stochastique (14,3,5): | 5.93 | |
| TEMA (21): | 7.6059 | |
| Williams %R (14): | -93.01 | |
| Chande Momentum Oscillator (20): | -0.0222 | |
| Repulse (5,40,3): | -0.0314 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0159 | |
| Courbe Coppock: | 1.19 |
| MA7: | 7.6196 | |
| MA20: | 7.7423 | |
| MA50: | 7.8452 | |
| MA100: | 7.7837 | |
| MAexp7: | 7.6172 | |
| MAexp20: | 7.6306 | |
| MAexp50: | 7.6354 | |
| MAexp100: | 7.6382 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -2.94% | |
| Price / MA100: | -2.17% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.31% |
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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