CAD/SEK - 1H - Technical analysis published on 12/14/2022 (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:
Neutral
Underlying:
Bearish
Technical indicators
50%
33%
17%
My opinion
Bearish under 7.5664 SEK
My targets
7.5109 SEK (-0.0294)
7.4700 SEK (-0.0703)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.5664 SEK remains possible. It is advisable to trade CAD/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.5664 SEK. The next bearish objective for sellers is set at 7.5109 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.4700 SEK. In case of crossing, the next objective would be the support located at 7.1291 SEK. PS: if there is a bullish break in the resistance located at 7.5664 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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Additional analysis
Quotes
The CAD/SEK rating is 7.5403 SEK. The price is lower by -0.01% since the last closing and was traded between 7.5158 SEK and 7.5488 SEK over the period. The price is currently at +0.33% from its lowest and -0.11% from its highest.7.5158
7.5488
7.5403
Here is a more detailed summary of the historical variations registered by CAD/SEK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 3 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
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 | 7.1291 | 7.4700 | 7.5109 | 7.5403 | 7.5664 | 7.6115 | 7.6983 |
| Change (%) | -5.45% | -0.93% | -0.39% | - | +0.35% | +0.94% | +2.10% |
| Change | -0.4112 | -0.0703 | -0.0294 | - | +0.0261 | +0.0712 | +0.1580 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 | 7.4096 | 7.4602 | 7.5008 | 7.5514 | 7.5920 | 7.6426 | 7.6832 |
| Camarilla | 7.5162 | 7.5246 | 7.5329 | 7.5413 | 7.5497 | 7.5580 | 7.5664 |
| Woodie | 7.4045 | 7.4577 | 7.4957 | 7.5489 | 7.5869 | 7.6401 | 7.6781 |
| Fibonacci | 7.4602 | 7.4951 | 7.5166 | 7.5514 | 7.5863 | 7.6078 | 7.6426 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3573 | 7.4575 | 7.5089 | 7.6091 | 7.6605 | 7.7607 | 7.8121 |
| Camarilla | 7.5186 | 7.5325 | 7.5464 | 7.5603 | 7.5742 | 7.5881 | 7.6020 |
| Woodie | 7.3329 | 7.4453 | 7.4845 | 7.5969 | 7.6361 | 7.7485 | 7.7877 |
| Fibonacci | 7.4575 | 7.5154 | 7.5512 | 7.6091 | 7.6670 | 7.7028 | 7.7607 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1171 | 7.4160 | 7.6146 | 7.9135 | 8.1121 | 8.4110 | 8.6096 |
| Camarilla | 7.6763 | 7.7219 | 7.7675 | 7.8131 | 7.8587 | 7.9043 | 7.9499 |
| Woodie | 7.0669 | 7.3909 | 7.5644 | 7.8884 | 8.0619 | 8.3859 | 8.5594 |
| Fibonacci | 7.4160 | 7.6061 | 7.7235 | 7.9135 | 8.1036 | 8.2210 | 8.4110 |
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): | 45.45 | |
| MACD (12,26,9): | -0.0084 | |
| Directional Movement: | -10.4634 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 7.5276 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.5512 | |
| Elder Ray (13): | -0.0088 | |
| Super Trend (3,10): | 7.5746 | |
| Zig ZAG (10): | 7.5336 | |
| VORTEX (21): | 1.0181 | |
| Stochastique (14,3,5): | 24.52 | |
| TEMA (21): | 7.5259 | |
| Williams %R (14): | -49.87 | |
| Chande Momentum Oscillator (20): | -0.0068 | |
| Repulse (5,40,3): | 0.0668 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0167 | |
| Courbe Coppock: | 0.25 |
| MA7: | 7.5775 | |
| MA20: | 7.7361 | |
| MA50: | 7.9393 | |
| MA100: | 8.0174 | |
| MAexp7: | 7.5314 | |
| MAexp20: | 7.5386 | |
| MAexp50: | 7.5530 | |
| MAexp100: | 7.5726 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -2.53% | |
| Price / MA50: | -5.03% | |
| Price / MA100: | -5.95% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.42% |
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.
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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