CAD/SEK - 1H - Technical analysis published on 11/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 7.7713 SEK
My targets
7.8023 SEK (+0.0191)
7.8348 SEK (+0.0516)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/SEK. As long as you are above the support located at 7.7713 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.8023 SEK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.8348 SEK as an objective. Crossing it would then enable buyers to target 7.9049 SEK. If the support 7.7713 SEK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8
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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 7.7832 SEK. On the day, this instrument lost -0.01% and was traded between 7.7816 SEK and 7.7895 SEK over the period. The price is currently at +0.02% from its lowest and -0.08% from its highest.7.7816
7.7895
7.7832
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.6633 | 7.6983 | 7.7713 | 7.7832 | 7.8023 | 7.8348 | 7.9049 |
| Change (%) | -1.54% | -1.09% | -0.15% | - | +0.25% | +0.66% | +1.56% |
| Change | -0.1199 | -0.0849 | -0.0119 | - | +0.0191 | +0.0516 | +0.1217 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7222 | 7.7474 | 7.7655 | 7.7907 | 7.8088 | 7.8340 | 7.8521 |
| Camarilla | 7.7717 | 7.7757 | 7.7796 | 7.7836 | 7.7876 | 7.7915 | 7.7955 |
| Woodie | 7.7187 | 7.7456 | 7.7620 | 7.7889 | 7.8053 | 7.8322 | 7.8486 |
| Fibonacci | 7.7474 | 7.7639 | 7.7742 | 7.7907 | 7.8072 | 7.8175 | 7.8340 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4964 | 7.5785 | 7.6758 | 7.7579 | 7.8552 | 7.9373 | 8.0346 |
| Camarilla | 7.7238 | 7.7402 | 7.7567 | 7.7731 | 7.7896 | 7.8060 | 7.8224 |
| Woodie | 7.5040 | 7.5823 | 7.6834 | 7.7617 | 7.8628 | 7.9411 | 8.0422 |
| Fibonacci | 7.5785 | 7.6470 | 7.6894 | 7.7579 | 7.8264 | 7.8688 | 7.9373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2923 | 7.3891 | 7.5163 | 7.6131 | 7.7403 | 7.8371 | 7.9643 |
| Camarilla | 7.5820 | 7.6025 | 7.6231 | 7.6436 | 7.6641 | 7.6847 | 7.7052 |
| Woodie | 7.3076 | 7.3967 | 7.5316 | 7.6207 | 7.7556 | 7.8447 | 7.9796 |
| Fibonacci | 7.3891 | 7.4746 | 7.5275 | 7.6131 | 7.6986 | 7.7515 | 7.8371 |
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): | 48.17 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 6.8026 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 7.7941 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8044 | |
| Elder Ray (13): | -0.0040 | |
| Super Trend (3,10): | 7.7723 | |
| Zig ZAG (10): | 7.7849 | |
| VORTEX (21): | 1.0335 | |
| Stochastique (14,3,5): | 9.15 | |
| TEMA (21): | 7.7891 | |
| Williams %R (14): | -90.09 | |
| Chande Momentum Oscillator (20): | -0.0212 | |
| Repulse (5,40,3): | -0.0725 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 0.27 |
| MA7: | 7.7539 | |
| MA20: | 7.6861 | |
| MA50: | 7.6109 | |
| MA100: | 7.6465 | |
| MAexp7: | 7.7874 | |
| MAexp20: | 7.7887 | |
| MAexp50: | 7.7783 | |
| MAexp100: | 7.7636 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +1.26% | |
| Price / MA50: | +2.26% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.25% |
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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