CHF/SEK - 1H - Technical analysis published on 03/05/2024 (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:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 11.6790 SEK
My targets
11.7429 SEK (+0.0285)
11.7825 SEK (+0.0681)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CHF/SEK as long as the price remains well above 11.6790 SEK. The buyers' bullish objective is set at 11.7429 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.7825 SEK. If there is any crossing, the next objective would be the resistance located at 11.8043 SEK.
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
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/SEK rating 11.7144 SEK. The price is lower by -0.01% since the last closing and was between 11.7103 SEK and 11.7169 SEK. This implies that the price is at +0.04% from its lowest and at -0.02% from its highest.11.7103
11.7169
11.7144
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SEK indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 11.6466 | 11.6790 | 11.7054 | 11.7144 | 11.7429 | 11.7825 | 11.8043 |
| Change (%) | -0.58% | -0.30% | -0.08% | - | +0.24% | +0.58% | +0.77% |
| Change | -0.0678 | -0.0354 | -0.0090 | - | +0.0285 | +0.0681 | +0.0899 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6112 | 11.6374 | 11.6762 | 11.7024 | 11.7412 | 11.7674 | 11.8062 |
| Camarilla | 11.6971 | 11.7031 | 11.7090 | 11.7150 | 11.7210 | 11.7269 | 11.7329 |
| Woodie | 11.6175 | 11.6406 | 11.6825 | 11.7056 | 11.7475 | 11.7706 | 11.8125 |
| Fibonacci | 11.6374 | 11.6622 | 11.6776 | 11.7024 | 11.7272 | 11.7426 | 11.7674 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4881 | 11.5673 | 11.6240 | 11.7032 | 11.7599 | 11.8391 | 11.8958 |
| Camarilla | 11.6432 | 11.6557 | 11.6681 | 11.6806 | 11.6931 | 11.7055 | 11.7180 |
| Woodie | 11.4768 | 11.5617 | 11.6127 | 11.6976 | 11.7486 | 11.8335 | 11.8845 |
| Fibonacci | 11.5673 | 11.6193 | 11.6513 | 11.7032 | 11.7552 | 11.7872 | 11.8391 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0065 | 11.3383 | 11.5341 | 11.8659 | 12.0617 | 12.3935 | 12.5893 |
| Camarilla | 11.5847 | 11.6331 | 11.6814 | 11.7298 | 11.7782 | 11.8265 | 11.8749 |
| Woodie | 10.9384 | 11.3043 | 11.4660 | 11.8319 | 11.9936 | 12.3595 | 12.5212 |
| Fibonacci | 11.3383 | 11.5399 | 11.6644 | 11.8659 | 12.0675 | 12.1920 | 12.3935 |
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): | 55.71 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 4.3943 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.7131 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.6832 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 11.6701 | |
| Zig ZAG (10): | 11.7135 | |
| VORTEX (21): | 1.0581 | |
| Stochastique (14,3,5): | 75.74 | |
| TEMA (21): | 11.7206 | |
| Williams %R (14): | -26.10 | |
| Chande Momentum Oscillator (20): | 0.0077 | |
| Repulse (5,40,3): | 0.0101 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0063 | |
| Courbe Coppock: | 0.24 |
| MA7: | 11.7163 | |
| MA20: | 11.8061 | |
| MA50: | 11.9463 | |
| MA100: | 11.9837 | |
| MAexp7: | 11.7135 | |
| MAexp20: | 11.7066 | |
| MAexp50: | 11.7053 | |
| MAexp100: | 11.7128 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -1.94% | |
| Price / MA100: | -2.25% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.02% |
Quotes :
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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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