CAD/SEK - 1H - Technical analysis published on 12/14/2021 (GMT)
- 267
- 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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 7.1291 SEK
My targets
7.0741 SEK (-0.0220)
7.0433 SEK (-0.0528)
My analysis
The bearish trend is currently very strong for CAD/SEK. As long as the price remains below the resistance at 7.1291 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.0741 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.0433 SEK as an objective. Crossing it would then enable sellers to target 6.9242 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, technical indicators are neutral, 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
CAD/SEK rating 7.0961 SEK. The price is lower by -0.05% since the last closing with the lowest point at 7.0757 SEK and the highest point at 7.1241 SEK. The deviation from the price is +0.29% for the low point and -0.39% for the high point.7.0757
7.1241
7.0961
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 7.0433 | 7.0741 | 7.0902 | 7.0961 | 7.1291 | 7.1581 | 7.1796 |
| Change (%) | -0.74% | -0.31% | -0.08% | - | +0.47% | +0.87% | +1.18% |
| Change | -0.0528 | -0.0220 | -0.0059 | - | +0.0330 | +0.0620 | +0.0835 |
| Level | Intermediate | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0185 | 7.0533 | 7.0766 | 7.1114 | 7.1347 | 7.1695 | 7.1928 |
| Camarilla | 7.0839 | 7.0893 | 7.0946 | 7.0999 | 7.1052 | 7.1106 | 7.1159 |
| Woodie | 7.0128 | 7.0504 | 7.0709 | 7.1085 | 7.1290 | 7.1666 | 7.1871 |
| Fibonacci | 7.0533 | 7.0755 | 7.0892 | 7.1114 | 7.1336 | 7.1473 | 7.1695 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.9343 | 7.0125 | 7.0653 | 7.1435 | 7.1963 | 7.2745 | 7.3273 |
| Camarilla | 7.0822 | 7.0942 | 7.1062 | 7.1182 | 7.1302 | 7.1422 | 7.1542 |
| Woodie | 6.9217 | 7.0062 | 7.0527 | 7.1372 | 7.1837 | 7.2682 | 7.3147 |
| Fibonacci | 7.0125 | 7.0625 | 7.0934 | 7.1435 | 7.1935 | 7.2244 | 7.2745 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5247 | 6.6926 | 6.8795 | 7.0474 | 7.2343 | 7.4022 | 7.5891 |
| Camarilla | 6.9689 | 7.0015 | 7.0340 | 7.0665 | 7.0990 | 7.1316 | 7.1641 |
| Woodie | 6.5343 | 6.6974 | 6.8891 | 7.0522 | 7.2439 | 7.4070 | 7.5987 |
| Fibonacci | 6.6926 | 6.8281 | 6.9118 | 7.0474 | 7.1829 | 7.2666 | 7.4022 |
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): | 42.40 | |
| MACD (12,26,9): | -0.0058 | |
| Directional Movement: | -0.2235 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 7.0919 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.1186 | |
| Elder Ray (13): | -0.0063 | |
| Super Trend (3,10): | 7.1256 | |
| Zig ZAG (10): | 7.0913 | |
| VORTEX (21): | 0.9627 | |
| Stochastique (14,3,5): | 27.72 | |
| TEMA (21): | 7.0918 | |
| Williams %R (14): | -64.46 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | 0.1073 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0108 | |
| Courbe Coppock: | 0.16 |
| MA7: | 7.1293 | |
| MA20: | 7.1142 | |
| MA50: | 7.0209 | |
| MA100: | 6.9415 | |
| MAexp7: | 7.0934 | |
| MAexp20: | 7.0994 | |
| MAexp50: | 7.1105 | |
| MAexp100: | 7.1207 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | +2.23% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.35% |
Quotes :
-
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