CAD/SEK - 1H - Technical analysis published on 09/06/2021 (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
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
0%
33%
My opinion
Bullish above 6.8199 SEK
My targets
6.8449 SEK (+0.0082)
6.8625 SEK (+0.0258)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/SEK as long as the price remains well above 6.8199 SEK. The buyers' bullish objective is set at 6.8449 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.8625 SEK. If there is any crossing, the next objective would be the resistance located at 6.8857 SEK.
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
3.2
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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 6.8367 SEK. The price registered an increase of +0.21% on the session with the lowest point at 6.8172 SEK and the highest point at 6.8384 SEK. The deviation from the price is +0.29% for the low point and -0.02% for the high point.6.8172
6.8384
6.8367
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SEK chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 6.6394 | 6.6914 | 6.8199 | 6.8367 | 6.8449 | 6.8625 | 6.8857 |
| Change (%) | -2.89% | -2.13% | -0.25% | - | +0.12% | +0.38% | +0.72% |
| Change | -0.1973 | -0.1453 | -0.0168 | - | +0.0082 | +0.0258 | +0.0490 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Intermediate |
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 | 6.7850 | 6.8016 | 6.8120 | 6.8286 | 6.8390 | 6.8556 | 6.8660 |
| Camarilla | 6.8151 | 6.8176 | 6.8200 | 6.8225 | 6.8250 | 6.8275 | 6.8299 |
| Woodie | 6.7820 | 6.8001 | 6.8090 | 6.8271 | 6.8360 | 6.8541 | 6.8630 |
| Fibonacci | 6.8016 | 6.8119 | 6.8183 | 6.8286 | 6.8389 | 6.8453 | 6.8556 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7353 | 6.7710 | 6.7967 | 6.8324 | 6.8581 | 6.8938 | 6.9195 |
| Camarilla | 6.8056 | 6.8112 | 6.8169 | 6.8225 | 6.8281 | 6.8338 | 6.8394 |
| Woodie | 6.7304 | 6.7685 | 6.7918 | 6.8299 | 6.8532 | 6.8913 | 6.9146 |
| Fibonacci | 6.7710 | 6.7944 | 6.8089 | 6.8324 | 6.8558 | 6.8703 | 6.8938 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5932 | 6.6999 | 6.7664 | 6.8731 | 6.9396 | 7.0463 | 7.1128 |
| Camarilla | 6.7853 | 6.8012 | 6.8170 | 6.8329 | 6.8488 | 6.8647 | 6.8805 |
| Woodie | 6.5731 | 6.6899 | 6.7463 | 6.8631 | 6.9195 | 7.0363 | 7.0927 |
| Fibonacci | 6.6999 | 6.7661 | 6.8069 | 6.8731 | 6.9393 | 6.9801 | 7.0463 |
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): | 56.71 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 5.0336 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 6.8257 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.8174 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 6.8456 | |
| Zig ZAG (10): | 6.8347 | |
| VORTEX (21): | 0.9615 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 6.8271 | |
| Williams %R (14): | -7.07 | |
| Chande Momentum Oscillator (20): | 0.0126 | |
| Repulse (5,40,3): | 0.2934 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0022 | |
| Courbe Coppock: | 0.05 |
| MA7: | 6.8323 | |
| MA20: | 6.8788 | |
| MA50: | 6.8843 | |
| MA100: | 6.8708 | |
| MAexp7: | 6.8250 | |
| MAexp20: | 6.8256 | |
| MAexp50: | 6.8273 | |
| MAexp100: | 6.8325 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -0.61% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.06% |
Quotes :
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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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