CAD/SEK - 1H - Technical analysis published on 09/03/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 6.6402 SEK
My targets
6.6923 SEK (+0.0217)
6.7514 SEK (+0.0808)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.6402 SEK remains possible. It is advisable to trade CAD/SEK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.6402 SEK. The next bullish objective for buyers is set at 6.6923 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.7514 SEK. If there is any crossing, the next objective would be the resistance located at 6.9237 SEK. PS: if there is a bearish break in the support located at 6.6402 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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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
CAD/SEK rating 6.6706 SEK. The price is lower by -0.19% since the last closing and was traded between 6.6704 SEK and 6.7009 SEK over the period. The price is currently at +0.00% from its lowest and -0.45% from its highest.6.6704
6.7009
6.6706
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SEK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.6148 | 6.6402 | 6.6668 | 6.6706 | 6.6923 | 6.9237 | 7.1291 |
| Change (%) | -0.84% | -0.46% | -0.06% | - | +0.33% | +3.79% | +6.87% |
| Change | -0.0558 | -0.0304 | -0.0038 | - | +0.0217 | +0.2531 | +0.4585 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
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 | 6.5886 | 6.6112 | 6.6472 | 6.6698 | 6.7058 | 6.7284 | 6.7644 |
| Camarilla | 6.6672 | 6.6726 | 6.6779 | 6.6833 | 6.6887 | 6.6940 | 6.6994 |
| Woodie | 6.5954 | 6.6146 | 6.6540 | 6.6732 | 6.7126 | 6.7318 | 6.7712 |
| Fibonacci | 6.6112 | 6.6336 | 6.6474 | 6.6698 | 6.6922 | 6.7060 | 6.7284 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4499 | 6.5157 | 6.5504 | 6.6162 | 6.6509 | 6.7167 | 6.7514 |
| Camarilla | 6.5574 | 6.5666 | 6.5758 | 6.5850 | 6.5942 | 6.6034 | 6.6126 |
| Woodie | 6.4343 | 6.5079 | 6.5348 | 6.6084 | 6.6353 | 6.7089 | 6.7358 |
| Fibonacci | 6.5157 | 6.5541 | 6.5778 | 6.6162 | 6.6546 | 6.6783 | 6.7167 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3606 | 6.4359 | 6.5348 | 6.6101 | 6.7090 | 6.7843 | 6.8832 |
| Camarilla | 6.5859 | 6.6019 | 6.6178 | 6.6338 | 6.6498 | 6.6657 | 6.6817 |
| Woodie | 6.3725 | 6.4418 | 6.5467 | 6.6160 | 6.7209 | 6.7902 | 6.8951 |
| Fibonacci | 6.4359 | 6.5024 | 6.5435 | 6.6101 | 6.6766 | 6.7177 | 6.7843 |
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): | 55.87 | |
| MACD (12,26,9): | 0.0094 | |
| Directional Movement: | 4.6106 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 6.6927 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.7009 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 6.6612 | |
| Zig ZAG (10): | 6.6791 | |
| VORTEX (21): | 1.1512 | |
| Stochastique (14,3,5): | 59.60 | |
| TEMA (21): | 6.6924 | |
| Williams %R (14): | -67.70 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.2591 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0228 | |
| Courbe Coppock: | 0.39 |
| MA7: | 6.6434 | |
| MA20: | 6.6084 | |
| MA50: | 6.6519 | |
| MA100: | 6.8045 | |
| MAexp7: | 6.6852 | |
| MAexp20: | 6.6799 | |
| MAexp50: | 6.6624 | |
| MAexp100: | 6.6484 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | -1.97% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.33% |
Quotes :
2020-09-03 08:02:33
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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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