CAD/SEK - 1H - Technical analysis published on 11/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 6.9362 SEK
My targets
6.9634 SEK (+0.0129)
6.9747 SEK (+0.0242)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/SEK. This is a positive signal for buyers. As long as the price remains above 6.9362 SEK, a purchase could be considered. The first bullish objective is located at 6.9634 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.9747 SEK as an objective. Crossing it would then enable buyers to target 6.9846 SEK. In the event of a return below 6.9362 SEK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.1
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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 price is 6.9505 SEK. The price has increased by +0.19% since the last closing and was between 6.9337 SEK and 6.9518 SEK. This implies that the price is at +0.24% from its lowest and at -0.02% from its highest.6.9337
6.9518
6.9505
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:
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 bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 6.9062 | 6.9271 | 6.9362 | 6.9505 | 6.9509 | 6.9634 | 6.9747 |
| Change (%) | -0.64% | -0.34% | -0.21% | - | +0.01% | +0.19% | +0.35% |
| Change | -0.0443 | -0.0234 | -0.0143 | - | +0.0004 | +0.0129 | +0.0242 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 6.8399 | 6.8627 | 6.9000 | 6.9228 | 6.9601 | 6.9829 | 7.0202 |
| Camarilla | 6.9207 | 6.9262 | 6.9317 | 6.9372 | 6.9427 | 6.9482 | 6.9537 |
| Woodie | 6.8471 | 6.8663 | 6.9072 | 6.9264 | 6.9673 | 6.9865 | 7.0274 |
| Fibonacci | 6.8627 | 6.8857 | 6.8999 | 6.9228 | 6.9458 | 6.9600 | 6.9829 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8011 | 6.8433 | 6.8903 | 6.9325 | 6.9795 | 7.0217 | 7.0687 |
| Camarilla | 6.9127 | 6.9209 | 6.9290 | 6.9372 | 6.9454 | 6.9536 | 6.9617 |
| Woodie | 6.8034 | 6.8445 | 6.8926 | 6.9337 | 6.9818 | 7.0229 | 7.0710 |
| Fibonacci | 6.8433 | 6.8774 | 6.8985 | 6.9325 | 6.9666 | 6.9877 | 7.0217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6942 | 6.7897 | 6.8634 | 6.9589 | 7.0326 | 7.1281 | 7.2018 |
| Camarilla | 6.8907 | 6.9062 | 6.9217 | 6.9372 | 6.9527 | 6.9682 | 6.9837 |
| Woodie | 6.6834 | 6.7843 | 6.8526 | 6.9535 | 7.0218 | 7.1227 | 7.1910 |
| Fibonacci | 6.7897 | 6.8543 | 6.8942 | 6.9589 | 7.0235 | 7.0634 | 7.1281 |
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): | 64.52 | |
| MACD (12,26,9): | 0.0085 | |
| Directional Movement: | 10.4355 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.9485 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9512 | |
| Elder Ray (13): | 0.0061 | |
| Super Trend (3,10): | 6.9219 | |
| Zig ZAG (10): | 6.9489 | |
| VORTEX (21): | 1.1758 | |
| Stochastique (14,3,5): | 80.51 | |
| TEMA (21): | 6.9546 | |
| Williams %R (14): | -7.73 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.1269 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0172 | |
| Courbe Coppock: | 0.56 |
| MA7: | 6.9364 | |
| MA20: | 6.9709 | |
| MA50: | 6.8908 | |
| MA100: | 6.8919 | |
| MAexp7: | 6.9448 | |
| MAexp20: | 6.9377 | |
| MAexp50: | 6.9307 | |
| MAexp100: | 6.9341 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.24% |
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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