CAD/SEK
CAD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADSEK
ISIN:

CAD/SEK - 1H - Technical analysis published on 07/09/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.7877 SEK
My targets
6.8132 SEK (+0.0099)
6.8600 SEK (+0.0567)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/SEK as long as the price remains well above 6.7877 SEK. The buyers” bullish objective is set at 6.8132 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8600 SEK. If there is any crossing, the next objective would be the resistance located at 6.9062 SEK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 6.8132 SEK. On this resistance, against the trend traders who would like to go short on CAD/SEK with a bearish signal from their trading strategy, should not hesitate to act.

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
2.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/SEK rating 6.8033 SEK. The price registered an increase of +0.25% on the session and was between 6.7749 SEK and 6.8114 SEK. This implies that the price is at +0.42% from its lowest and at -0.12% from its highest.

6.7749
6.8114
6.8033

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/SEK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.6402 6.7769 6.7877 6.8033 6.8132 6.8600 6.9062
Change (%) -2.40% -0.39% -0.23% - +0.15% +0.83% +1.51%
Change -0.1631 -0.0264 -0.0156 - +0.0099 +0.0567 +0.1029
Level Intermediate Intermediate Minor - Major Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.73576.75636.77126.79186.80676.82736.8422
Camarilla6.77636.77966.78296.78616.78946.79266.7959
Woodie6.73296.75496.76846.79046.80396.82596.8394
Fibonacci6.75636.76996.77826.79186.80546.81376.8273


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.68556.73396.80496.85336.92436.97277.0437
Camarilla6.84306.85396.86496.87586.88676.89776.9086
Woodie6.69676.73966.81616.85906.93556.97847.0549
Fibonacci6.73396.77956.80776.85336.89896.92716.9727


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.56856.67136.76966.87246.97077.07357.1718
Camarilla6.81266.83106.84956.86796.88636.90486.9232
Woodie6.56636.67026.76746.87136.96857.07247.1696
Fibonacci6.67136.74816.79566.87246.94926.99677.0735

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): 56.01
MACD (12,26,9): -0.0016
Directional Movement: 10.0408
AROON (14): -50.0000
DEMA (21): 6.7906
Parabolic SAR (0,02-0,02-0,2): 6.7768
Elder Ray (13): 0.0141
Super Trend (3,10): 6.8160
Zig ZAG (10): 6.8028
VORTEX (21): 1.0326
Stochastique (14,3,5): 72.73
TEMA (21): 6.7939
Williams %R (14): -22.46
Chande Momentum Oscillator (20): 0.0089
Repulse (5,40,3): 0.1886
ROCnROLL: -1
TRIX (15,9): -0.0088
Courbe Coppock: 0.03
MA7: 6.8297
MA20: 6.8609
MA50: 6.9030
MA100: 7.0070
MAexp7: 6.7944
MAexp20: 6.7941
MAexp50: 6.8027
MAexp100: 6.8162
Price / MA7: -0.39%
Price / MA20: -0.84%
Price / MA50: -1.44%
Price / MA100: -2.91%
Price / MAexp7: +0.13%
Price / MAexp20: +0.14%
Price / MAexp50: +0.01%
Price / MAexp100: -0.19%

Quotes : 2020-07-09 10:18:52 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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