CHF/SEK - 1H - Technical analysis published on 05/15/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 11.9307 SEK
My targets
11.8992 SEK (-0.0177)
11.8564 SEK (-0.0605)
My analysis
CHF/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.9307 SEK. The next support located at 11.8992 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.8564 SEK. Below this support, sellers could then target 11.7575 SEK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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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 11.9169 SEK. The price registered a decrease of -0.01% on the session and was traded between 11.9041 SEK and 11.9327 SEK over the period. The price is currently at +0.11% from its lowest and -0.13% from its highest.11.9041
11.9327
11.9169
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
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 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 this 1H chart of CHF/SEK indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 11.8564 | 11.8992 | 11.9140 | 11.9169 | 11.9307 | 11.9624 | 11.9838 |
| Change (%) | -0.51% | -0.15% | -0.02% | - | +0.12% | +0.38% | +0.56% |
| Change | -0.0605 | -0.0177 | -0.0029 | - | +0.0138 | +0.0455 | +0.0669 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 11.8179 | 11.8640 | 11.8909 | 11.9370 | 11.9639 | 12.0100 | 12.0369 |
| Camarilla | 11.8977 | 11.9044 | 11.9111 | 11.9178 | 11.9245 | 11.9312 | 11.9379 |
| Woodie | 11.8083 | 11.8592 | 11.8813 | 11.9322 | 11.9543 | 12.0052 | 12.0273 |
| Fibonacci | 11.8640 | 11.8919 | 11.9091 | 11.9370 | 11.9649 | 11.9821 | 12.0100 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.65 | |
| MACD (12,26,9): | -0.0083 | |
| Directional Movement: | -2.8463 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 11.9123 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9074 | |
| Elder Ray (13): | -0.0069 | |
| Super Trend (3,10): | 11.9536 | |
| Zig ZAG (10): | 11.9119 | |
| VORTEX (21): | 0.8839 | |
| Stochastique (14,3,5): | 29.72 | |
| TEMA (21): | 11.9102 | |
| Williams %R (14): | -73.57 | |
| Chande Momentum Oscillator (20): | -0.0086 | |
| Repulse (5,40,3): | -0.0059 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.23 |
| MA7: | 11.9545 | |
| MA20: | 11.9502 | |
| MA50: | 11.8428 | |
| MA100: | 11.8945 | |
| MAexp7: | 11.9156 | |
| MAexp20: | 11.9231 | |
| MAexp50: | 11.9367 | |
| MAexp100: | 11.9482 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.26% |
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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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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