CAD/SEK - 1H - Technical analysis published on 04/10/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 7.1291 SEK
My targets
7.1146 SEK (-0.0030)
7.0392 SEK (-0.0784)
My analysis
The bearish trend is currently very strong for CAD/SEK. As long as the price remains below the resistance at 7.1291 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.1146 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.0392 SEK as an objective. Crossing it would then enable sellers to target 6.9885 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/SEK price is 7.1176 SEK. The price registered a decrease of +0.01% on the session and was traded between 7.1012 SEK and 7.1361 SEK over the period. The price is currently at +0.23% from its lowest and -0.26% from its highest.7.1012
7.1361
7.1176
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Abnormal volumes on CAD/SEK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of CAD/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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
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 | 6.9062 | 6.9885 | 7.0392 | 7.1176 | 7.1291 | 7.1549 | 7.1976 |
| Change (%) | -2.97% | -1.81% | -1.10% | - | +0.16% | +0.52% | +1.12% |
| Change | -0.2114 | -0.1291 | -0.0784 | - | +0.0115 | +0.0373 | +0.0800 |
| Level | Major | Major | Intermediate | - | 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 | 6.9579 | 7.0214 | 7.0693 | 7.1328 | 7.1807 | 7.2442 | 7.2921 |
| Camarilla | 7.0865 | 7.0967 | 7.1069 | 7.1171 | 7.1273 | 7.1375 | 7.1477 |
| Woodie | 6.9500 | 7.0175 | 7.0614 | 7.1289 | 7.1728 | 7.2403 | 7.2842 |
| Fibonacci | 7.0214 | 7.0640 | 7.0903 | 7.1328 | 7.1754 | 7.2017 | 7.2442 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7330 | 6.8400 | 7.0076 | 7.1146 | 7.2822 | 7.3892 | 7.5568 |
| Camarilla | 7.0996 | 7.1248 | 7.1499 | 7.1751 | 7.2003 | 7.2254 | 7.2506 |
| Woodie | 6.7632 | 6.8552 | 7.0378 | 7.1298 | 7.3124 | 7.4044 | 7.5870 |
| Fibonacci | 6.8400 | 6.9449 | 7.0097 | 7.1146 | 7.2195 | 7.2843 | 7.3892 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2491 | 6.5074 | 6.7733 | 7.0316 | 7.2975 | 7.5558 | 7.8217 |
| Camarilla | 6.8950 | 6.9431 | 6.9912 | 7.0392 | 7.0873 | 7.1353 | 7.1834 |
| Woodie | 6.2529 | 6.5093 | 6.7771 | 7.0335 | 7.3013 | 7.5577 | 7.8255 |
| Fibonacci | 6.5074 | 6.7076 | 6.8314 | 7.0316 | 7.2318 | 7.3556 | 7.5558 |
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): | 43.30 | |
| MACD (12,26,9): | -0.0107 | |
| Directional Movement: | -8.4371 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 7.1100 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.0902 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 7.1713 | |
| Zig ZAG (10): | 7.1160 | |
| VORTEX (21): | 0.9468 | |
| Stochastique (14,3,5): | 58.83 | |
| TEMA (21): | 7.1085 | |
| Williams %R (14): | -46.78 | |
| Chande Momentum Oscillator (20): | 0.0185 | |
| Repulse (5,40,3): | -0.1015 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0282 | |
| Courbe Coppock: | 0.41 |
| MA7: | 7.1567 | |
| MA20: | 7.1059 | |
| MA50: | 7.1597 | |
| MA100: | 7.1873 | |
| MAexp7: | 7.1181 | |
| MAexp20: | 7.1254 | |
| MAexp50: | 7.1431 | |
| MAexp100: | 7.1484 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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