CHF/SEK - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 11.9919 SEK
My targets
11.9307 SEK (-0.0278)
11.8985 SEK (-0.0600)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.9919 SEK remains possible. It is advisable to trade CHF/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.9919 SEK. The next bearish objective for sellers is set at 11.9307 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.8985 SEK. In case of crossing, the next objective would be the support located at 11.8822 SEK. PS: if there is a bullish break in the resistance located at 11.9919 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SEK rating is 11.9585 SEK. The price registered a decrease of -0.02% on the session and was traded between 11.9495 SEK and 11.9731 SEK over the period. The price is currently at +0.08% from its lowest and -0.12% from its highest.11.9495
11.9731
11.9585
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/SEK:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SEK chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.8822 | 11.8985 | 11.9307 | 11.9585 | 11.9624 | 11.9919 | 12.0083 |
| Change (%) | -0.64% | -0.50% | -0.23% | - | +0.03% | +0.28% | +0.42% |
| Change | -0.0763 | -0.0600 | -0.0278 | - | +0.0039 | +0.0334 | +0.0498 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Major |
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 | 11.8715 | 11.9022 | 11.9313 | 11.9620 | 11.9911 | 12.0218 | 12.0509 |
| Camarilla | 11.9441 | 11.9495 | 11.9550 | 11.9605 | 11.9660 | 11.9715 | 11.9770 |
| Woodie | 11.8708 | 11.9018 | 11.9306 | 11.9616 | 11.9904 | 12.0214 | 12.0502 |
| Fibonacci | 11.9022 | 11.9250 | 11.9391 | 11.9620 | 11.9848 | 11.9989 | 12.0218 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7489 | 11.8240 | 11.8923 | 11.9674 | 12.0357 | 12.1108 | 12.1791 |
| Camarilla | 11.9211 | 11.9342 | 11.9474 | 11.9605 | 11.9737 | 11.9868 | 11.9999 |
| Woodie | 11.7454 | 11.8223 | 11.8888 | 11.9657 | 12.0322 | 12.1091 | 12.1756 |
| Fibonacci | 11.8240 | 11.8788 | 11.9127 | 11.9674 | 12.0222 | 12.0561 | 12.1108 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0696 | 11.3537 | 11.6673 | 11.9514 | 12.2650 | 12.5491 | 12.8627 |
| Camarilla | 11.8166 | 11.8714 | 11.9262 | 11.9810 | 12.0358 | 12.0906 | 12.1454 |
| Woodie | 11.0845 | 11.3611 | 11.6822 | 11.9588 | 12.2799 | 12.5565 | 12.8776 |
| Fibonacci | 11.3537 | 11.5820 | 11.7231 | 11.9514 | 12.1797 | 12.3208 | 12.5491 |
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): | 47.64 | |
| MACD (12,26,9): | -0.0029 | |
| Directional Movement: | 4.4397 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 11.9560 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9723 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 11.9886 | |
| Zig ZAG (10): | 11.9598 | |
| VORTEX (21): | 0.9878 | |
| Stochastique (14,3,5): | 43.08 | |
| TEMA (21): | 11.9585 | |
| Williams %R (14): | -59.75 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0028 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0059 | |
| Courbe Coppock: | 0.11 |
| MA7: | 11.9646 | |
| MA20: | 11.9607 | |
| MA50: | 11.8350 | |
| MA100: | 11.8904 | |
| MAexp7: | 11.9597 | |
| MAexp20: | 11.9612 | |
| MAexp50: | 11.9686 | |
| MAexp100: | 11.9704 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +0.57% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.10% |
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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