CHF/SEK - 1H - Technical analysis published on 01/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
0%
61%
My opinion
Bullish above 12.0030 SEK
My targets
12.1219 SEK (+0.0599)
12.2115 SEK (+0.1495)
My analysis
CHF/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.0030 SEK. The next resistance located at 12.1219 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.2115 SEK. After this resistance, buyers could then target 12.3407 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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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 CHF/SEK price is 12.0620 SEK. The price registered a decrease of -0.02% on the session and was between 12.0445 SEK and 12.0904 SEK. This implies that the price is at +0.15% from its lowest and at -0.23% from its highest.12.0445
12.0904
12.0620
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this CHF/SEK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
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 | 11.8784 | 11.9284 | 12.0030 | 12.0620 | 12.1219 | 12.2115 | 12.3407 |
| Change (%) | -1.52% | -1.11% | -0.49% | - | +0.50% | +1.24% | +2.31% |
| Change | -0.1836 | -0.1336 | -0.0590 | - | +0.0599 | +0.1495 | +0.2787 |
| Level | Intermediate | Major | Major | - | Intermediate | 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 | 11.9067 | 11.9529 | 12.0088 | 12.0550 | 12.1109 | 12.1571 | 12.2130 |
| Camarilla | 12.0365 | 12.0459 | 12.0552 | 12.0646 | 12.0740 | 12.0833 | 12.0927 |
| Woodie | 11.9115 | 11.9553 | 12.0136 | 12.0574 | 12.1157 | 12.1595 | 12.2178 |
| Fibonacci | 11.9529 | 11.9919 | 12.0160 | 12.0550 | 12.0940 | 12.1181 | 12.1571 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6777 | 11.7781 | 11.9213 | 12.0217 | 12.1649 | 12.2653 | 12.4085 |
| Camarilla | 11.9976 | 12.0199 | 12.0423 | 12.0646 | 12.0869 | 12.1093 | 12.1316 |
| Woodie | 11.6992 | 11.7888 | 11.9428 | 12.0324 | 12.1864 | 12.2760 | 12.4300 |
| Fibonacci | 11.7781 | 11.8711 | 11.9286 | 12.0217 | 12.1147 | 12.1722 | 12.2653 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4167 | 11.5389 | 11.7631 | 11.8853 | 12.1095 | 12.2317 | 12.4559 |
| Camarilla | 11.8919 | 11.9237 | 11.9555 | 11.9872 | 12.0190 | 12.0507 | 12.0825 |
| Woodie | 11.4676 | 11.5644 | 11.8140 | 11.9108 | 12.1604 | 12.2572 | 12.5068 |
| Fibonacci | 11.5389 | 11.6713 | 11.7530 | 11.8853 | 12.0177 | 12.0994 | 12.2317 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.58 | |
| MACD (12,26,9): | 0.0068 | |
| Directional Movement: | 3.6001 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 12.0650 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0178 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 12.0021 | |
| Zig ZAG (10): | 12.0636 | |
| VORTEX (21): | 1.0683 | |
| Stochastique (14,3,5): | 50.86 | |
| TEMA (21): | 12.0678 | |
| Williams %R (14): | -34.82 | |
| Chande Momentum Oscillator (20): | 0.0253 | |
| Repulse (5,40,3): | 0.0295 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0098 | |
| Courbe Coppock: | 0.16 |
| MA7: | 12.0113 | |
| MA20: | 11.8829 | |
| MA50: | 11.9585 | |
| MA100: | 12.1267 | |
| MAexp7: | 12.0608 | |
| MAexp20: | 12.0560 | |
| MAexp50: | 12.0444 | |
| MAexp100: | 12.0143 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +1.51% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | -0.53% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.40% |
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.
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