CHF/SEK - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 11.7068 SEK
My targets
11.7814 SEK (+0.0272)
11.9284 SEK (+0.1742)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/SEK as long as the price remains well above 11.7068 SEK. The buyers' bullish objective is set at 11.7814 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.9284 SEK. If there is any crossing, the next objective would be the resistance located at 12.1791 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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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 11.7542 SEK. On the day, this instrument gained +0.01% with the lowest point at 11.7403 SEK and the highest point at 11.7605 SEK. The deviation from the price is +0.12% for the low point and -0.05% for the high point.11.7403
11.7605
11.7542
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
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. 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
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6790 | 11.7068 | 11.7453 | 11.7542 | 11.7598 | 11.7814 | 11.9284 |
| Change (%) | -0.64% | -0.40% | -0.08% | - | +0.05% | +0.23% | +1.48% |
| Change | -0.0752 | -0.0474 | -0.0089 | - | +0.0056 | +0.0272 | +0.1742 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 11.6385 | 11.6727 | 11.7129 | 11.7471 | 11.7873 | 11.8215 | 11.8617 |
| Camarilla | 11.7325 | 11.7394 | 11.7462 | 11.7530 | 11.7598 | 11.7666 | 11.7735 |
| Woodie | 11.6414 | 11.6742 | 11.7158 | 11.7486 | 11.7902 | 11.8230 | 11.8646 |
| Fibonacci | 11.6727 | 11.7012 | 11.7187 | 11.7471 | 11.7756 | 11.7931 | 11.8215 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5146 | 11.5686 | 11.6374 | 11.6914 | 11.7602 | 11.8142 | 11.8830 |
| Camarilla | 11.6725 | 11.6838 | 11.6950 | 11.7063 | 11.7176 | 11.7288 | 11.7401 |
| Woodie | 11.5221 | 11.5723 | 11.6449 | 11.6951 | 11.7677 | 11.8179 | 11.8905 |
| Fibonacci | 11.5686 | 11.6155 | 11.6445 | 11.6914 | 11.7383 | 11.7673 | 11.8142 |
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 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): | 56.22 | |
| MACD (12,26,9): | 0.0051 | |
| Directional Movement: | 7.6869 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 11.7574 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7754 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 11.7216 | |
| Zig ZAG (10): | 11.7548 | |
| VORTEX (21): | 1.1242 | |
| Stochastique (14,3,5): | 31.22 | |
| TEMA (21): | 11.7541 | |
| Williams %R (14): | -57.64 | |
| Chande Momentum Oscillator (20): | -0.0197 | |
| Repulse (5,40,3): | 0.0542 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0088 | |
| Courbe Coppock: | 0.02 |
| MA7: | 11.6985 | |
| MA20: | 11.7069 | |
| MA50: | 11.8919 | |
| MA100: | 11.9220 | |
| MAexp7: | 11.7520 | |
| MAexp20: | 11.7496 | |
| MAexp50: | 11.7341 | |
| MAexp100: | 11.7144 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -1.16% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.34% |
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.
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