CAD/SEK - 1H - Technical analysis published on 10/14/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 6.7051 SEK
My targets
6.7366 SEK (+0.0106)
6.8162 SEK (+0.0902)
My analysis
The bullish trend is currently very strong on CAD/SEK. As long as the price remains above the support at 6.7051 SEK, you could try to benefit from the boom. The first bullish objective is located at 6.7366 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.8162 SEK as an objective. Crossing it would then enable buyers to target 6.9062 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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 6.7260 SEK. The price registered an increase of +0.08% on the session and was between 6.7145 SEK and 6.7299 SEK. This implies that the price is at +0.17% from its lowest and at -0.06% from its highest.6.7145
6.7299
6.7260
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical
A technical analysis in 1H of this CAD/SEK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 6.6968 | 6.7051 | 6.7204 | 6.7260 | 6.7270 | 6.7366 | 6.8162 |
| Change (%) | -0.43% | -0.31% | -0.08% | - | +0.01% | +0.16% | +1.34% |
| Change | -0.0292 | -0.0209 | -0.0056 | - | +0.0010 | +0.0106 | +0.0902 |
| Level | Minor | Minor | 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 | 6.6363 | 6.6571 | 6.6889 | 6.7097 | 6.7415 | 6.7623 | 6.7941 |
| Camarilla | 6.7061 | 6.7110 | 6.7158 | 6.7206 | 6.7254 | 6.7302 | 6.7351 |
| Woodie | 6.6417 | 6.6599 | 6.6943 | 6.7125 | 6.7469 | 6.7651 | 6.7995 |
| Fibonacci | 6.6571 | 6.6772 | 6.6896 | 6.7097 | 6.7298 | 6.7422 | 6.7623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6215 | 6.6532 | 6.6733 | 6.7050 | 6.7251 | 6.7568 | 6.7769 |
| Camarilla | 6.6793 | 6.6840 | 6.6888 | 6.6935 | 6.6983 | 6.7030 | 6.7078 |
| Woodie | 6.6158 | 6.6503 | 6.6676 | 6.7021 | 6.7194 | 6.7539 | 6.7712 |
| Fibonacci | 6.6532 | 6.6730 | 6.6852 | 6.7050 | 6.7248 | 6.7370 | 6.7568 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3730 | 6.4915 | 6.6091 | 6.7276 | 6.8452 | 6.9637 | 7.0813 |
| Camarilla | 6.6618 | 6.6834 | 6.7051 | 6.7267 | 6.7483 | 6.7700 | 6.7916 |
| Woodie | 6.3726 | 6.4913 | 6.6087 | 6.7274 | 6.8448 | 6.9635 | 7.0809 |
| Fibonacci | 6.4915 | 6.5817 | 6.6374 | 6.7276 | 6.8178 | 6.8735 | 6.9637 |
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): | 56.06 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 10.3581 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.7208 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6980 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 6.7257 | |
| Zig ZAG (10): | 6.7221 | |
| VORTEX (21): | 1.1368 | |
| Stochastique (14,3,5): | 62.72 | |
| TEMA (21): | 6.7229 | |
| Williams %R (14): | -47.09 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | -0.0290 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.41 |
| MA7: | 6.7109 | |
| MA20: | 6.7166 | |
| MA50: | 6.6603 | |
| MA100: | 6.7134 | |
| MAexp7: | 6.7214 | |
| MAexp20: | 6.7172 | |
| MAexp50: | 6.7140 | |
| MAexp100: | 6.7121 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-10-14 06:56:58
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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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