CAD/SEK
CAD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADSEK
ISIN:

CAD/SEK - 1H - Technical analysis published on 07/20/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 7.9870 SEK
My targets
7.8935 SEK (-0.0467)
7.8201 SEK (-0.1201)
My analysis
The bearish basic trend is very strong on CAD/SEK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 7.9870 SEK. Crossing the first support at 7.8935 SEK would be a sign of a further potential price plummet. Sellers would then use the next support located at 7.8201 SEK as an objective. Crossing it would then enable sellers to target 7.6983 SEK. Caution, a return to above the resistance located at 7.9870 SEK would be a sign of a possible consolidation phase of the short-term basic trend. 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
5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/SEK price is 7.9402 SEK. On the day, this instrument lost -0.04% and was traded between 7.9193 SEK and 7.9834 SEK over the period. The price is currently at +0.26% from its lowest and -0.54% from its highest.

7.9193
7.9834
7.9402

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


Near a new HIGH record (1 month)

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 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.4700 7.6983 7.8935 7.9402 8.0312 8.0893 8.1379
Change (%) -5.92% -3.05% -0.59% - +1.15% +1.88% +2.49%
Change -0.4702 -0.2419 -0.0467 - +0.0910 +0.1491 +0.1977
Level Intermediate Major Intermediate - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.74457.81907.88117.95568.01778.09228.1543
Camarilla7.90567.91827.93077.94327.95577.96827.9808
Woodie7.73837.81597.87497.95258.01158.08918.1481
Fibonacci7.81907.87127.90347.95568.00788.04008.0922


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.82017.92687.98708.09378.15398.26068.3208
Camarilla8.00148.01678.03208.04738.06268.07798.0932
Woodie7.79707.91527.96398.08218.13088.24908.2977
Fibonacci7.92687.99058.02998.09378.15748.19688.2606


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.46077.58037.76427.88388.06778.18738.3712
Camarilla7.86457.89247.92027.94807.97588.00368.0315
Woodie7.49287.59647.79637.89998.09988.20348.4033
Fibonacci7.58037.69637.76797.88387.99988.07148.1873

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): 47.00
MACD (12,26,9): -0.0020
Directional Movement: -3.7379
AROON (14): 21.4286
DEMA (21): 7.9442
Parabolic SAR (0,02-0,02-0,2): 7.9218
Elder Ray (13): 0.0077
Super Trend (3,10): 7.9719
Zig ZAG (10): 7.9487
VORTEX (21): 1.0850
Stochastique (14,3,5): 68.69
TEMA (21): 7.9566
Williams %R (14): -51.33
Chande Momentum Oscillator (20): 0.0178
Repulse (5,40,3): -0.0700
ROCnROLL: 2
TRIX (15,9): -0.0113
Courbe Coppock: 0.30
MA7: 8.0400
MA20: 8.0097
MA50: 7.8705
MA100: 7.7305
MAexp7: 7.9542
MAexp20: 7.9497
MAexp50: 7.9692
MAexp100: 8.0040
Price / MA7: -1.24%
Price / MA20: -0.87%
Price / MA50: +0.89%
Price / MA100: +2.71%
Price / MAexp7: -0.18%
Price / MAexp20: -0.12%
Price / MAexp50: -0.36%
Price / MAexp100: -0.80%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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