CHF/SEK - 1H - Technical analysis published on 04/26/2024 (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:
Bullish
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 11.8691 SEK
My targets
11.9867 SEK (+0.0627)
12.0256 SEK (+0.1016)
My analysis
A bullish trend on CHF/SEK both in substance and in the short term. A purchase could be considered as long as the price remains above 11.8691 SEK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 11.9867 SEK. Then the price could move towards 12.0256 SEK. Then 12.0681 SEK by extension. Be careful, a return below 11.8691 SEK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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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 11.9240 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 11.9126 SEK and the highest point at 11.9300 SEK. The deviation from the price is +0.10% for the low point and -0.05% for the high point.11.9126
11.9300
11.9240
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 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
A technical analysis in 1H of this CHF/SEK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
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
Near resistance of channel
Type : Bearish
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 | 11.7575 | 11.8306 | 11.8691 | 11.9240 | 11.9319 | 11.9867 | 12.0256 |
| Change (%) | -1.40% | -0.78% | -0.46% | - | +0.07% | +0.53% | +0.85% |
| Change | -0.1665 | -0.0934 | -0.0549 | - | +0.0079 | +0.0627 | +0.1016 |
| Level | Minor | Intermediate | Major | - | Major | Major | 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 | 11.7465 | 11.8079 | 11.8664 | 11.9278 | 11.9863 | 12.0477 | 12.1062 |
| Camarilla | 11.8920 | 11.9030 | 11.9140 | 11.9250 | 11.9360 | 11.9470 | 11.9580 |
| Woodie | 11.7452 | 11.8072 | 11.8651 | 11.9271 | 11.9850 | 12.0470 | 12.1049 |
| Fibonacci | 11.8079 | 11.8537 | 11.8820 | 11.9278 | 11.9736 | 12.0019 | 12.0477 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4526 | 11.6578 | 11.8249 | 12.0301 | 12.1972 | 12.4024 | 12.5695 |
| Camarilla | 11.8895 | 11.9237 | 11.9578 | 11.9919 | 12.0260 | 12.0602 | 12.0943 |
| Woodie | 11.4335 | 11.6483 | 11.8058 | 12.0206 | 12.1781 | 12.3929 | 12.5504 |
| Fibonacci | 11.6578 | 11.8001 | 11.8879 | 12.0301 | 12.1724 | 12.2602 | 12.4024 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2950 | 11.4408 | 11.6248 | 11.7706 | 11.9546 | 12.1004 | 12.2844 |
| Camarilla | 11.7181 | 11.7483 | 11.7786 | 11.8088 | 11.8390 | 11.8693 | 11.8995 |
| Woodie | 11.3141 | 11.4504 | 11.6439 | 11.7802 | 11.9737 | 12.1100 | 12.3035 |
| Fibonacci | 11.4408 | 11.5668 | 11.6446 | 11.7706 | 11.8966 | 11.9744 | 12.1004 |
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): | 51.94 | |
| MACD (12,26,9): | 0.0055 | |
| Directional Movement: | 4.2186 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 11.9320 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9767 | |
| Elder Ray (13): | -0.0046 | |
| Super Trend (3,10): | 11.8925 | |
| Zig ZAG (10): | 11.9235 | |
| VORTEX (21): | 1.0988 | |
| Stochastique (14,3,5): | 21.92 | |
| TEMA (21): | 11.9316 | |
| Williams %R (14): | -77.81 | |
| Chande Momentum Oscillator (20): | -0.0135 | |
| Repulse (5,40,3): | -0.0012 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 0.04 |
| MA7: | 11.9375 | |
| MA20: | 11.8732 | |
| MA50: | 11.7835 | |
| MA100: | 11.8765 | |
| MAexp7: | 11.9240 | |
| MAexp20: | 11.9232 | |
| MAexp50: | 11.9158 | |
| MAexp100: | 11.9233 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +1.19% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.01% |
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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