CAD/SEK - 1H - Technical analysis published on 07/04/2024 (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 bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.6983 SEK
My targets
7.7408 SEK (+0.0209)
7.7733 SEK (+0.0534)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/SEK as long as the price remains well above 7.6983 SEK. The buyers' bullish objective is set at 7.7408 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.7733 SEK. If there is any crossing, the next objective would be the resistance located at 7.8310 SEK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 7.7408 SEK. On this resistance, against the trend traders who would like to go short on CAD/SEK with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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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 price is 7.7199 SEK. The price registered an increase of +0.34% on the session and was traded between 7.6892 SEK and 7.7211 SEK over the period. The price is currently at +0.40% from its lowest and -0.02% from its highest.7.6892
7.7211
7.7199
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 7.6681 | 7.6784 | 7.6983 | 7.7199 | 7.7258 | 7.7408 | 7.7733 |
| Change (%) | -0.67% | -0.54% | -0.28% | - | +0.08% | +0.27% | +0.69% |
| Change | -0.0518 | -0.0415 | -0.0216 | - | +0.0059 | +0.0209 | +0.0534 |
| Level | Minor | 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 | 7.6054 | 7.6420 | 7.6678 | 7.7044 | 7.7302 | 7.7668 | 7.7926 |
| Camarilla | 7.6765 | 7.6823 | 7.6880 | 7.6937 | 7.6994 | 7.7051 | 7.7109 |
| Woodie | 7.6001 | 7.6393 | 7.6625 | 7.7017 | 7.7249 | 7.7641 | 7.7873 |
| Fibonacci | 7.6420 | 7.6658 | 7.6805 | 7.7044 | 7.7282 | 7.7429 | 7.7668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5340 | 7.5868 | 7.6677 | 7.7205 | 7.8014 | 7.8542 | 7.9351 |
| Camarilla | 7.7118 | 7.7241 | 7.7363 | 7.7486 | 7.7609 | 7.7731 | 7.7854 |
| Woodie | 7.5481 | 7.5938 | 7.6818 | 7.7275 | 7.8155 | 7.8612 | 7.9492 |
| Fibonacci | 7.5868 | 7.6379 | 7.6694 | 7.7205 | 7.7716 | 7.8031 | 7.8542 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2755 | 7.3800 | 7.5643 | 7.6688 | 7.8531 | 7.9576 | 8.1419 |
| Camarilla | 7.6692 | 7.6957 | 7.7221 | 7.7486 | 7.7751 | 7.8016 | 7.8280 |
| Woodie | 7.3154 | 7.4000 | 7.6042 | 7.6888 | 7.8930 | 7.9776 | 8.1818 |
| Fibonacci | 7.3800 | 7.4903 | 7.5585 | 7.6688 | 7.7791 | 7.8473 | 7.9576 |
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): | 58.52 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | 6.6549 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 7.7012 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6806 | |
| Elder Ray (13): | 0.0083 | |
| Super Trend (3,10): | 7.7221 | |
| Zig ZAG (10): | 7.7171 | |
| VORTEX (21): | 1.1482 | |
| Stochastique (14,3,5): | 82.33 | |
| TEMA (21): | 7.7061 | |
| Williams %R (14): | -6.27 | |
| Chande Momentum Oscillator (20): | 0.0235 | |
| Repulse (5,40,3): | 0.1413 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.27 |
| MA7: | 7.7282 | |
| MA20: | 7.6711 | |
| MA50: | 7.7735 | |
| MA100: | 7.7679 | |
| MAexp7: | 7.7077 | |
| MAexp20: | 7.7051 | |
| MAexp50: | 7.7135 | |
| MAexp100: | 7.7189 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.01% |
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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