CAD/SEK - 1H - Technical analysis published on 12/19/2022 (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
50%
17%
33%
My opinion
Bullish above 7.5663 SEK
My targets
7.6115 SEK (+0.0106)
7.6354 SEK (+0.0345)
My analysis
CAD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.5663 SEK. The next resistance located at 7.6115 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.6354 SEK. After this resistance, buyers could then target 7.6983 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The CAD/SEK rating is 7.6009 SEK. The price registered an increase of +0.00% on the session and was traded between 7.5764 SEK and 7.6150 SEK over the period. The price is currently at +0.32% from its lowest and -0.19% from its highest.7.5764
7.6150
7.6009
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.4876 | 7.5306 | 7.5663 | 7.6009 | 7.6115 | 7.6354 | 7.6983 |
| Change (%) | -1.49% | -0.92% | -0.46% | - | +0.14% | +0.45% | +1.28% |
| Change | -0.1133 | -0.0703 | -0.0346 | - | +0.0106 | +0.0345 | +0.0974 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 7.5147 | 7.5346 | 7.5679 | 7.5878 | 7.6211 | 7.6410 | 7.6743 |
| Camarilla | 7.5866 | 7.5915 | 7.5963 | 7.6012 | 7.6061 | 7.6110 | 7.6158 |
| Woodie | 7.5214 | 7.5380 | 7.5746 | 7.5912 | 7.6278 | 7.6444 | 7.6810 |
| Fibonacci | 7.5346 | 7.5549 | 7.5675 | 7.5878 | 7.6081 | 7.6207 | 7.6410 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4032 | 7.4454 | 7.5233 | 7.5655 | 7.6434 | 7.6856 | 7.7635 |
| Camarilla | 7.5682 | 7.5792 | 7.5902 | 7.6012 | 7.6122 | 7.6232 | 7.6342 |
| Woodie | 7.4211 | 7.4543 | 7.5412 | 7.5744 | 7.6613 | 7.6945 | 7.7814 |
| Fibonacci | 7.4454 | 7.4913 | 7.5196 | 7.5655 | 7.6114 | 7.6397 | 7.6856 |
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): | 57.58 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 6.7893 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 7.5989 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.6143 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 7.5575 | |
| Zig ZAG (10): | 7.6022 | |
| VORTEX (21): | 1.0265 | |
| Stochastique (14,3,5): | 35.41 | |
| TEMA (21): | 7.5963 | |
| Williams %R (14): | -34.20 | |
| Chande Momentum Oscillator (20): | 0.0100 | |
| Repulse (5,40,3): | 0.1937 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0152 | |
| Courbe Coppock: | 0.22 |
| MA7: | 7.5659 | |
| MA20: | 7.6799 | |
| MA50: | 7.9048 | |
| MA100: | 8.0071 | |
| MAexp7: | 7.5932 | |
| MAexp20: | 7.5902 | |
| MAexp50: | 7.5767 | |
| MAexp100: | 7.5701 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -3.84% | |
| Price / MA100: | -5.07% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.41% |
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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