CAD/SEK - 1H - Technical analysis published on 08/16/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 6.9062 SEK
My targets
6.8739 SEK (-0.0251)
6.8550 SEK (-0.0440)
My analysis
The bearish trend is currently very strong for CAD/SEK. As long as the price remains below the resistance at 6.9062 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.8739 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.8550 SEK as an objective. Crossing it would then enable sellers to target 6.8199 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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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 6.8990 SEK. The price registered a decrease of -0.05% on the session with the lowest point at 6.8905 SEK and the highest point at 6.9105 SEK. The deviation from the price is +0.12% for the low point and -0.17% for the high point.6.8905
6.9105
6.8990
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6.8199 | 6.8550 | 6.8739 | 6.8990 | 6.9062 | 6.9314 | 6.9509 |
| Change (%) | -1.15% | -0.64% | -0.36% | - | +0.10% | +0.47% | +0.75% |
| Change | -0.0791 | -0.0440 | -0.0251 | - | +0.0072 | +0.0324 | +0.0519 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | 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 | 6.8288 | 6.8610 | 6.8816 | 6.9138 | 6.9344 | 6.9666 | 6.9872 |
| Camarilla | 6.8877 | 6.8925 | 6.8974 | 6.9022 | 6.9070 | 6.9119 | 6.9167 |
| Woodie | 6.8230 | 6.8581 | 6.8758 | 6.9109 | 6.9286 | 6.9637 | 6.9814 |
| Fibonacci | 6.8610 | 6.8812 | 6.8936 | 6.9138 | 6.9340 | 6.9464 | 6.9666 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7837 | 6.8385 | 6.8703 | 6.9251 | 6.9569 | 7.0117 | 7.0435 |
| Camarilla | 6.8784 | 6.8863 | 6.8943 | 6.9022 | 6.9101 | 6.9181 | 6.9260 |
| Woodie | 6.7723 | 6.8328 | 6.8589 | 6.9194 | 6.9455 | 7.0060 | 7.0321 |
| Fibonacci | 6.8385 | 6.8716 | 6.8920 | 6.9251 | 6.9582 | 6.9786 | 7.0117 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6588 | 6.7257 | 6.8084 | 6.8753 | 6.9580 | 7.0249 | 7.1076 |
| Camarilla | 6.8501 | 6.8638 | 6.8775 | 6.8912 | 6.9049 | 6.9186 | 6.9323 |
| Woodie | 6.6668 | 6.7297 | 6.8164 | 6.8793 | 6.9660 | 7.0289 | 7.1156 |
| Fibonacci | 6.7257 | 6.7828 | 6.8181 | 6.8753 | 6.9324 | 6.9677 | 7.0249 |
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): | 35.16 | |
| MACD (12,26,9): | -0.0083 | |
| Directional Movement: | -12.3396 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 6.8935 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9086 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 6.9202 | |
| Zig ZAG (10): | 6.8977 | |
| VORTEX (21): | 0.8128 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 6.8917 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0244 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0192 | |
| Courbe Coppock: | 0.29 |
| MA7: | 6.9248 | |
| MA20: | 6.8960 | |
| MA50: | 6.8877 | |
| MA100: | 6.8670 | |
| MAexp7: | 6.8982 | |
| MAexp20: | 6.9049 | |
| MAexp50: | 6.9181 | |
| MAexp100: | 6.9230 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +0.47% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.35% |
Quotes :
-
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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