CAD/SEK - 1H - Technical analysis published on 09/22/2020 (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 bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.6593 SEK
My targets
6.7084 SEK (+0.0333)
6.7703 SEK (+0.0952)
My analysis
CAD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.6593 SEK. The next resistance located at 6.7084 SEK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.7703 SEK. After this resistance, buyers could then target 6.9232 SEK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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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
CAD/SEK rating 6.6751 SEK. The price registered an increase of +0.34% on the session and was traded between 6.6438 SEK and 6.6786 SEK over the period. The price is currently at +0.47% from its lowest and -0.05% from its highest.6.6438
6.6786
6.6751
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SEK chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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, 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 | 6.6402 | 6.6593 | 6.6710 | 6.6751 | 6.6781 | 6.7084 | 6.9232 |
| Change (%) | -0.52% | -0.24% | -0.06% | - | +0.04% | +0.50% | +3.72% |
| Change | -0.0349 | -0.0158 | -0.0041 | - | +0.0030 | +0.0333 | +0.2481 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 6.5754 | 6.6030 | 6.6279 | 6.6555 | 6.6804 | 6.7080 | 6.7329 |
| Camarilla | 6.6383 | 6.6431 | 6.6479 | 6.6527 | 6.6575 | 6.6623 | 6.6671 |
| Woodie | 6.5740 | 6.6023 | 6.6265 | 6.6548 | 6.6790 | 6.7073 | 6.7315 |
| Fibonacci | 6.6030 | 6.6231 | 6.6355 | 6.6555 | 6.6756 | 6.6880 | 6.7080 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5264 | 6.5768 | 6.6077 | 6.6581 | 6.6890 | 6.7394 | 6.7703 |
| Camarilla | 6.6163 | 6.6238 | 6.6313 | 6.6387 | 6.6462 | 6.6536 | 6.6611 |
| Woodie | 6.5168 | 6.5719 | 6.5981 | 6.6532 | 6.6794 | 6.7345 | 6.7607 |
| Fibonacci | 6.5768 | 6.6078 | 6.6270 | 6.6581 | 6.6891 | 6.7083 | 6.7394 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.52 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 5.0590 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 6.6575 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6438 | |
| Elder Ray (13): | 0.0045 | |
| Super Trend (3,10): | 6.6396 | |
| Zig ZAG (10): | 6.6659 | |
| VORTEX (21): | 0.9649 | |
| Stochastique (14,3,5): | 60.47 | |
| TEMA (21): | 6.6589 | |
| Williams %R (14): | -6.32 | |
| Chande Momentum Oscillator (20): | 0.0162 | |
| Repulse (5,40,3): | 0.1978 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.18 |
| MA7: | 6.6630 | |
| MA20: | 6.6570 | |
| MA50: | 6.6138 | |
| MA100: | 6.7505 | |
| MAexp7: | 6.6596 | |
| MAexp20: | 6.6556 | |
| MAexp50: | 6.6564 | |
| MAexp100: | 6.6589 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | -1.12% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.24% |
Quotes :
2020-09-22 14:42:29
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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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