CAD/SEK - 1H - Technical analysis published on 05/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 6.9803 SEK
My targets
7.0132 SEK (+0.0259)
7.0439 SEK (+0.0566)
My analysis
The basic trend is currently slightly bullish on CAD/SEK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 6.9803 SEK, purchases could be favourable. The first bullish objective would be the resistance located at 7.0132 SEK. Then the price could move towards 7.0439 SEK. Then 7.0583 SEK by extension. A return under the support to 6.9803 SEK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.1
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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 rating is 6.9873 SEK. The price is lower by +0.08% since the last closing and was traded between 6.9742 SEK and 6.9880 SEK over the period. The price is currently at +0.19% from its lowest and -0.01% from its highest.6.9742
6.9880
6.9873
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
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 | 6.9272 | 6.9452 | 6.9803 | 6.9873 | 6.9905 | 7.0132 | 7.0439 |
| Change (%) | -0.86% | -0.60% | -0.10% | - | +0.05% | +0.37% | +0.81% |
| Change | -0.0601 | -0.0421 | -0.0070 | - | +0.0032 | +0.0259 | +0.0566 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 6.8999 | 6.9288 | 6.9552 | 6.9841 | 7.0105 | 7.0394 | 7.0658 |
| Camarilla | 6.9663 | 6.9714 | 6.9764 | 6.9815 | 6.9866 | 6.9916 | 6.9967 |
| Woodie | 6.8986 | 6.9282 | 6.9539 | 6.9835 | 7.0092 | 7.0388 | 7.0645 |
| Fibonacci | 6.9288 | 6.9500 | 6.9630 | 6.9841 | 7.0053 | 7.0183 | 7.0394 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8583 | 6.9017 | 6.9571 | 7.0005 | 7.0559 | 7.0993 | 7.1547 |
| Camarilla | 6.9852 | 6.9943 | 7.0033 | 7.0124 | 7.0215 | 7.0305 | 7.0396 |
| Woodie | 6.8642 | 6.9047 | 6.9630 | 7.0035 | 7.0618 | 7.1023 | 7.1606 |
| Fibonacci | 6.9017 | 6.9395 | 6.9628 | 7.0005 | 7.0383 | 7.0616 | 7.0993 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6596 | 6.8166 | 6.9080 | 7.0650 | 7.1564 | 7.3134 | 7.4048 |
| Camarilla | 6.9312 | 6.9540 | 6.9767 | 6.9995 | 7.0223 | 7.0450 | 7.0678 |
| Woodie | 6.6269 | 6.8002 | 6.8753 | 7.0486 | 7.1237 | 7.2970 | 7.3721 |
| Fibonacci | 6.8166 | 6.9115 | 6.9701 | 7.0650 | 7.1599 | 7.2185 | 7.3134 |
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): | 51.96 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | -1.0900 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 6.9841 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9882 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 6.9581 | |
| Zig ZAG (10): | 6.9808 | |
| VORTEX (21): | 1.0104 | |
| Stochastique (14,3,5): | 38.71 | |
| TEMA (21): | 6.9817 | |
| Williams %R (14): | -64.21 | |
| Chande Momentum Oscillator (20): | -0.0121 | |
| Repulse (5,40,3): | 0.0161 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.31 |
| MA7: | 6.9922 | |
| MA20: | 7.0400 | |
| MA50: | 7.0683 | |
| MA100: | 7.1599 | |
| MAexp7: | 6.9814 | |
| MAexp20: | 6.9816 | |
| MAexp50: | 6.9796 | |
| MAexp100: | 6.9836 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | -2.41% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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