CAD/SEK - 1H - Technical analysis published on 12/02/2020 (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:
Bullish
De fond:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 6.5490 SEK
My targets
6.5885 SEK (+0.0126)
6.6132 SEK (+0.0373)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. 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 6.5490 SEK. The buyers” bullish objective is set at 6.5885 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.6132 SEK. If there is any crossing, the next objective would be the resistance located at 6.6394 SEK. If there is a bearish break in the support located at 6.5490 SEK some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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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 6.5759 SEK. On the day, this instrument gained +0.23% and was traded between 6.5475 SEK and 6.5768 SEK over the period. The price is currently at +0.43% from its lowest and -0.01% from its highest.6.5475
6.5768
6.5759
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical
Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 6.5403 | 6.5490 | 6.5722 | 6.5759 | 6.5799 | 6.5885 | 6.6132 |
| Change (%) | -0.54% | -0.41% | -0.06% | - | +0.06% | +0.19% | +0.57% |
| Change | -0.0356 | -0.0269 | -0.0037 | - | +0.0040 | +0.0126 | +0.0373 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4844 | 6.5165 | 6.5388 | 6.5709 | 6.5932 | 6.6253 | 6.6476 |
| Camarilla | 6.5460 | 6.5510 | 6.5560 | 6.5610 | 6.5660 | 6.5710 | 6.5760 |
| Woodie | 6.4794 | 6.5141 | 6.5338 | 6.5685 | 6.5882 | 6.6229 | 6.6426 |
| Fibonacci | 6.5165 | 6.5373 | 6.5502 | 6.5709 | 6.5917 | 6.6046 | 6.6253 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4201 | 6.4736 | 6.5066 | 6.5601 | 6.5931 | 6.6466 | 6.6796 |
| Camarilla | 6.5157 | 6.5236 | 6.5316 | 6.5395 | 6.5474 | 6.5554 | 6.5633 |
| Woodie | 6.4098 | 6.4685 | 6.4963 | 6.5550 | 6.5828 | 6.6415 | 6.6693 |
| Fibonacci | 6.4736 | 6.5067 | 6.5271 | 6.5601 | 6.5932 | 6.6136 | 6.6466 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2399 | 6.3795 | 6.4891 | 6.6287 | 6.7383 | 6.8779 | 6.9875 |
| Camarilla | 6.5301 | 6.5529 | 6.5758 | 6.5986 | 6.6214 | 6.6443 | 6.6671 |
| Woodie | 6.2248 | 6.3720 | 6.4740 | 6.6212 | 6.7232 | 6.8704 | 6.9724 |
| Fibonacci | 6.3795 | 6.4747 | 6.5335 | 6.6287 | 6.7239 | 6.7827 | 6.8779 |
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): | 48.32 | |
| MACD (12,26,9): | -0.0054 | |
| Directional Movement: | -5.1416 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 6.5551 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5478 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 6.5802 | |
| Zig ZAG (10): | 6.5615 | |
| VORTEX (21): | 0.9707 | |
| Stochastique (14,3,5): | 47.68 | |
| TEMA (21): | 6.5504 | |
| Williams %R (14): | -35.87 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | 0.1327 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0132 | |
| Courbe Coppock: | 0.40 |
| MA7: | 6.5591 | |
| MA20: | 6.5868 | |
| MA50: | 6.6569 | |
| MA100: | 6.6358 | |
| MAexp7: | 6.5575 | |
| MAexp20: | 6.5618 | |
| MAexp50: | 6.5655 | |
| MAexp100: | 6.5648 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -1.22% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.17% |
Quotes :
2020-12-02 08:13:29
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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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