CHF/SEK - 1H - Technical analysis published on 11/04/2024 (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:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 12.3203 SEK
My targets
12.3876 SEK (+0.0300)
12.4925 SEK (+0.1349)
My analysis
CHF/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.3203 SEK. The next resistance located at 12.3876 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.4925 SEK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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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 12.3576 SEK. On the day, this instrument lost -0.01% with the lowest point at 12.3032 SEK and the highest point at 12.3751 SEK. The deviation from the price is +0.44% for the low point and -0.14% for the high point.12.3032
12.3751
12.3576
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SEK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.1894 | 12.2473 | 12.3203 | 12.3576 | 12.3585 | 12.3876 | 12.4925 |
| Change (%) | -1.36% | -0.89% | -0.30% | - | +0.01% | +0.24% | +1.09% |
| Change | -0.1682 | -0.1103 | -0.0373 | - | +0.0009 | +0.0300 | +0.1349 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.2348 | 12.2597 | 12.3095 | 12.3344 | 12.3842 | 12.4091 | 12.4589 |
| Camarilla | 12.3388 | 12.3456 | 12.3525 | 12.3593 | 12.3662 | 12.3730 | 12.3798 |
| Woodie | 12.2473 | 12.2659 | 12.3220 | 12.3406 | 12.3967 | 12.4153 | 12.4714 |
| Fibonacci | 12.2597 | 12.2882 | 12.3059 | 12.3344 | 12.3629 | 12.3806 | 12.4091 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0697 | 12.1390 | 12.2491 | 12.3184 | 12.4285 | 12.4978 | 12.6079 |
| Camarilla | 12.3100 | 12.3264 | 12.3429 | 12.3593 | 12.3758 | 12.3922 | 12.4086 |
| Woodie | 12.0902 | 12.1492 | 12.2696 | 12.3286 | 12.4490 | 12.5080 | 12.6284 |
| Fibonacci | 12.1390 | 12.2075 | 12.2498 | 12.3184 | 12.3869 | 12.4292 | 12.4978 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6747 | 11.8280 | 12.0810 | 12.2343 | 12.4873 | 12.6406 | 12.8936 |
| Camarilla | 12.2223 | 12.2595 | 12.2968 | 12.3340 | 12.3712 | 12.4085 | 12.4457 |
| Woodie | 11.7246 | 11.8529 | 12.1309 | 12.2592 | 12.5372 | 12.6655 | 12.9435 |
| Fibonacci | 11.8280 | 11.9832 | 12.0791 | 12.2343 | 12.3895 | 12.4854 | 12.6406 |
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): | 60.58 | |
| MACD (12,26,9): | 0.0055 | |
| Directional Movement: | 6.1857 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 12.3457 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.3067 | |
| Elder Ray (13): | 0.0170 | |
| Super Trend (3,10): | 12.3679 | |
| Zig ZAG (10): | 12.3614 | |
| VORTEX (21): | 1.2182 | |
| Stochastique (14,3,5): | 87.77 | |
| TEMA (21): | 12.3501 | |
| Williams %R (14): | -2.82 | |
| Chande Momentum Oscillator (20): | 0.0502 | |
| Repulse (5,40,3): | 0.1721 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.13 |
| MA7: | 12.3157 | |
| MA20: | 12.2021 | |
| MA50: | 12.1287 | |
| MA100: | 12.0500 | |
| MAexp7: | 12.3491 | |
| MAexp20: | 12.3402 | |
| MAexp50: | 12.3333 | |
| MAexp100: | 12.3170 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +1.89% | |
| Price / MA100: | +2.55% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.33% |
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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