CAD/SEK - 1H - Technical analysis published on 06/22/2020 (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:
Neutral
Technical indicators
28%
39%
33%
My opinion
Bearish under 6.9778 SEK
My targets
6.9207 SEK (-0.0073)
6.9062 SEK (-0.0218)
My analysis
The strong short-term decrease of CAD/SEK should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 6.9778 SEK, a sale could be considered. The first bearish objective is located at 6.9207 SEK. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 6.9062 SEK. If there is any crossing, the next objective would be support 6.8667 SEK. Caution, if there is a return to above 6.9778 SEK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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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 rating is 6.9280 SEK. On the day, this instrument lost -0.51% and was traded between 6.9084 SEK and 6.9577 SEK over the period. The price is currently at +0.28% from its lowest and -0.43% from its highest.6.9084
6.9577
6.9280
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
Here is a more detailed summary of the historical variations registered by CAD/SEK:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CAD/SEK chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8667 | 6.9062 | 6.9207 | 6.9280 | 6.9778 | 7.1291 | 7.2376 |
| Change (%) | -0.88% | -0.31% | -0.11% | - | +0.72% | +2.90% | +4.47% |
| Change | -0.0613 | -0.0218 | -0.0073 | - | +0.0498 | +0.2011 | +0.3096 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
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 | 6.4834 | 6.6287 | 6.8909 | 7.0362 | 7.2984 | 7.4437 | 7.7059 |
| Camarilla | 7.0409 | 7.0783 | 7.1157 | 7.1530 | 7.1904 | 7.2277 | 7.2651 |
| Woodie | 6.5418 | 6.6579 | 6.9493 | 7.0654 | 7.3568 | 7.4729 | 7.7643 |
| Fibonacci | 6.6287 | 6.7844 | 6.8806 | 7.0362 | 7.1919 | 7.2881 | 7.4437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4834 | 6.6287 | 6.8909 | 7.0362 | 7.2984 | 7.4437 | 7.7059 |
| Camarilla | 7.0409 | 7.0783 | 7.1157 | 7.1530 | 7.1904 | 7.2277 | 7.2651 |
| Woodie | 6.5418 | 6.6579 | 6.9493 | 7.0654 | 7.3568 | 7.4729 | 7.7643 |
| Fibonacci | 6.6287 | 6.7844 | 6.8806 | 7.0362 | 7.1919 | 7.2881 | 7.4437 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4436 | 6.6089 | 6.8511 | 7.0164 | 7.2586 | 7.4239 | 7.6661 |
| Camarilla | 6.9813 | 7.0187 | 7.0561 | 7.0934 | 7.1308 | 7.1681 | 7.2055 |
| Woodie | 6.4822 | 6.6281 | 6.8897 | 7.0356 | 7.2972 | 7.4431 | 7.7047 |
| Fibonacci | 6.6089 | 6.7645 | 6.8607 | 7.0164 | 7.1720 | 7.2682 | 7.4239 |
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): | 47.06 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -7.6898 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 6.9319 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8378 | |
| Elder Ray (13): | -0.0054 | |
| Super Trend (3,10): | 6.8775 | |
| Zig ZAG (10): | 6.9263 | |
| VORTEX (21): | 0.9723 | |
| Stochastique (14,3,5): | 62.25 | |
| TEMA (21): | 6.9259 | |
| Williams %R (14): | -69.18 | |
| Chande Momentum Oscillator (20): | -0.0234 | |
| Repulse (5,40,3): | -0.0704 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.08 |
| MA7: | 6.9795 | |
| MA20: | 6.9055 | |
| MA50: | 6.9733 | |
| MA100: | 7.0645 | |
| MAexp7: | 6.9299 | |
| MAexp20: | 6.9340 | |
| MAexp50: | 6.9312 | |
| MAexp100: | 6.9178 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -1.93% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-06-22 15:34:31
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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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