CAD/SEK - 1H - Technical analysis published on 10/20/2024 (GMT)
- 118
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
50%
22%
My opinion
Neutral between 7.6152 SEK and 7.6419 SEK
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 7.6152 SEK. The first resistance is located at 7.6419 SEK. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by CAD/SEK.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 7.6252 SEK. The price has increased by +0.00% since the last closing and was traded between 7.6212 SEK and 7.6359 SEK over the period. The price is currently at +0.05% from its lowest and -0.14% from its highest.7.6212
7.6359
7.6252
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 this 1H chart of CAD/SEK indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.5228 | 7.5742 | 7.6152 | 7.6252 | 7.6419 | 7.6983 | 7.8336 |
| Change (%) | -1.34% | -0.67% | -0.13% | - | +0.22% | +0.96% | +2.73% |
| Change | -0.1024 | -0.0510 | -0.0100 | - | +0.0167 | +0.0731 | +0.2084 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Major |
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 | 7.5789 | 7.5970 | 7.6112 | 7.6293 | 7.6435 | 7.6616 | 7.6758 |
| Camarilla | 7.6164 | 7.6194 | 7.6223 | 7.6253 | 7.6283 | 7.6312 | 7.6342 |
| Woodie | 7.5769 | 7.5960 | 7.6092 | 7.6283 | 7.6415 | 7.6606 | 7.6738 |
| Fibonacci | 7.5970 | 7.6094 | 7.6170 | 7.6293 | 7.6417 | 7.6493 | 7.6616 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3612 | 7.4235 | 7.5244 | 7.5867 | 7.6876 | 7.7499 | 7.8508 |
| Camarilla | 7.5804 | 7.5954 | 7.6103 | 7.6253 | 7.6403 | 7.6552 | 7.6702 |
| Woodie | 7.3805 | 7.4332 | 7.5437 | 7.5964 | 7.7069 | 7.7596 | 7.8701 |
| Fibonacci | 7.4235 | 7.4858 | 7.5244 | 7.5867 | 7.6490 | 7.6876 | 7.7499 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2055 | 7.3284 | 7.4206 | 7.5435 | 7.6357 | 7.7586 | 7.8508 |
| Camarilla | 7.4537 | 7.4734 | 7.4931 | 7.5128 | 7.5325 | 7.5522 | 7.5720 |
| Woodie | 7.1902 | 7.3207 | 7.4053 | 7.5358 | 7.6204 | 7.7509 | 7.8355 |
| Fibonacci | 7.3284 | 7.4106 | 7.4613 | 7.5435 | 7.6257 | 7.6764 | 7.7586 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.79 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -4.2247 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.6265 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6164 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 7.6194 | |
| Zig ZAG (10): | 7.6255 | |
| VORTEX (21): | 0.9261 | |
| Stochastique (14,3,5): | 38.05 | |
| TEMA (21): | 7.6222 | |
| Williams %R (14): | -61.41 | |
| Chande Momentum Oscillator (20): | -0.0100 | |
| Repulse (5,40,3): | -0.0808 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.05 |
| MA7: | 7.5984 | |
| MA20: | 7.5758 | |
| MA50: | 7.5729 | |
| MA100: | 7.6360 | |
| MAexp7: | 7.6259 | |
| MAexp20: | 7.6284 | |
| MAexp50: | 7.6242 | |
| MAexp100: | 7.6095 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.21% |
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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