CAD/SEK - 1H - Technical analysis published on 01/22/2021 (GMT)
- 216
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 6.5307 SEK
My targets
6.4776 SEK (-0.0318)
6.3992 SEK (-0.1102)
My analysis
CAD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.5307 SEK. The next support located at 6.4776 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.3992 SEK. Below this support, sellers could then target 6.2697 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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:
Additional analysis
Quotes
The CAD/SEK price is 6.5094 SEK. On the day, this instrument lost -0.47% with the lowest point at 6.5089 SEK and the highest point at 6.5481 SEK. The deviation from the price is +0.01% for the low point and -0.59% for the high point.6.5089
6.5481
6.5094
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CAD/SEK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 6.2697 | 6.3992 | 6.4776 | 6.5094 | 6.5108 | 6.5307 | 6.5646 |
| Change (%) | -3.68% | -1.69% | -0.49% | - | +0.02% | +0.33% | +0.85% |
| Change | -0.2397 | -0.1102 | -0.0318 | - | +0.0014 | +0.0213 | +0.0552 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4441 | 6.4914 | 6.5156 | 6.5629 | 6.5871 | 6.6344 | 6.6586 |
| Camarilla | 6.5201 | 6.5267 | 6.5333 | 6.5398 | 6.5464 | 6.5529 | 6.5595 |
| Woodie | 6.4326 | 6.4856 | 6.5041 | 6.5571 | 6.5756 | 6.6286 | 6.6471 |
| Fibonacci | 6.4914 | 6.5187 | 6.5356 | 6.5629 | 6.5902 | 6.6071 | 6.6344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3691 | 6.4161 | 6.5049 | 6.5519 | 6.6407 | 6.6877 | 6.7765 |
| Camarilla | 6.5563 | 6.5687 | 6.5812 | 6.5936 | 6.6061 | 6.6185 | 6.6309 |
| Woodie | 6.3899 | 6.4266 | 6.5257 | 6.5624 | 6.6615 | 6.6982 | 6.7973 |
| Fibonacci | 6.4161 | 6.4680 | 6.5001 | 6.5519 | 6.6038 | 6.6359 | 6.6877 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0790 | 6.2301 | 6.3481 | 6.4992 | 6.6172 | 6.7683 | 6.8863 |
| Camarilla | 6.3920 | 6.4167 | 6.4413 | 6.4660 | 6.4907 | 6.5153 | 6.5400 |
| Woodie | 6.0624 | 6.2218 | 6.3315 | 6.4909 | 6.6006 | 6.7600 | 6.8697 |
| Fibonacci | 6.2301 | 6.3329 | 6.3964 | 6.4992 | 6.6020 | 6.6655 | 6.7683 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.70 | |
| MACD (12,26,9): | -0.0123 | |
| Directional Movement: | -16.0729 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 6.5182 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5385 | |
| Elder Ray (13): | -0.0039 | |
| Super Trend (3,10): | 6.5569 | |
| Zig ZAG (10): | 6.5232 | |
| VORTEX (21): | 0.8349 | |
| Stochastique (14,3,5): | 31.64 | |
| TEMA (21): | 6.5160 | |
| Williams %R (14): | -70.90 | |
| Chande Momentum Oscillator (20): | -0.0051 | |
| Repulse (5,40,3): | -0.0001 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.41 |
| MA7: | 6.5663 | |
| MA20: | 6.4985 | |
| MA50: | 6.5366 | |
| MA100: | 6.6114 | |
| MAexp7: | 6.5232 | |
| MAexp20: | 6.5351 | |
| MAexp50: | 6.5534 | |
| MAexp100: | 6.5607 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -1.54% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.78% |
Quotes :
2021-01-22 16:42:07
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/SEK - 1H