CAD/SEK - 1H - Technical analysis published on 11/04/2022 (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 bullish
Underlying:
Strongly bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 8.1270 SEK
My targets
8.1563 SEK (+0.0123)
8.1870 SEK (+0.0430)
My analysis
The bullish trend is currently very strong on CAD/SEK. As long as the price remains above the support at 8.1270 SEK, you could try to benefit from the boom. The first bullish objective is located at 8.1563 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.1870 SEK as an objective. Crossing it would then enable buyers to target 8.2157 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/SEK price is 8.1440 SEK. The price registered an increase of +0.00% on the session and was between 8.1437 SEK and 8.1468 SEK. This implies that the price is at +0.00% from its lowest and at -0.03% from its highest.8.1437
8.1468
8.1440
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
Here is a more detailed summary of the historical variations registered by CAD/SEK:
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 CAD/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 8.0807 | 8.1036 | 8.1270 | 8.1440 | 8.1563 | 8.1870 | 8.2157 |
| Change (%) | -0.78% | -0.50% | -0.21% | - | +0.15% | +0.53% | +0.88% |
| Change | -0.0633 | -0.0404 | -0.0170 | - | +0.0123 | +0.0430 | +0.0717 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 8.0340 | 8.0622 | 8.1032 | 8.1314 | 8.1724 | 8.2006 | 8.2416 |
| Camarilla | 8.1251 | 8.1314 | 8.1378 | 8.1441 | 8.1504 | 8.1568 | 8.1631 |
| Woodie | 8.0403 | 8.0654 | 8.1095 | 8.1346 | 8.1787 | 8.2038 | 8.2479 |
| Fibonacci | 8.0622 | 8.0887 | 8.1050 | 8.1314 | 8.1579 | 8.1742 | 8.2006 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7059 | 7.8474 | 7.9495 | 8.0910 | 8.1931 | 8.3346 | 8.4367 |
| Camarilla | 7.9846 | 8.0069 | 8.0293 | 8.0516 | 8.0739 | 8.0963 | 8.1186 |
| Woodie | 7.6862 | 7.8376 | 7.9298 | 8.0812 | 8.1734 | 8.3248 | 8.4170 |
| Fibonacci | 7.8474 | 7.9405 | 7.9979 | 8.0910 | 8.1841 | 8.2415 | 8.3346 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6955 | 7.8368 | 7.9697 | 8.1110 | 8.2439 | 8.3852 | 8.5181 |
| Camarilla | 8.0273 | 8.0524 | 8.0776 | 8.1027 | 8.1278 | 8.1530 | 8.1781 |
| Woodie | 7.6914 | 7.8347 | 7.9656 | 8.1089 | 8.2398 | 8.3831 | 8.5140 |
| Fibonacci | 7.8368 | 7.9415 | 8.0062 | 8.1110 | 8.2157 | 8.2804 | 8.3852 |
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): | 59.61 | |
| MACD (12,26,9): | 0.0102 | |
| Directional Movement: | 0.4604 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 8.1471 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1122 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 8.0984 | |
| Zig ZAG (10): | 8.1443 | |
| VORTEX (21): | 1.1207 | |
| Stochastique (14,3,5): | 65.02 | |
| TEMA (21): | 8.1490 | |
| Williams %R (14): | -29.79 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | 0.0223 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.46 |
| MA7: | 8.0829 | |
| MA20: | 8.1332 | |
| MA50: | 8.1488 | |
| MA100: | 8.0671 | |
| MAexp7: | 8.1415 | |
| MAexp20: | 8.1330 | |
| MAexp50: | 8.1155 | |
| MAexp100: | 8.1033 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.50% |
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.
About author
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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…
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