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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 01/19/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 7.6983 SEK
My targets
7.6453 SEK (-0.0101)
7.6115 SEK (-0.0439)
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 7.6983 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 7.6983 SEK. The next bearish objective for sellers is set at 7.6453 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.6115 SEK. In case of crossing, the next objective would be the support located at 7.4700 SEK. PS: if there is a bullish break in the resistance located at 7.6983 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8

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.

Londinia
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 7.6554 SEK. The price registered an increase of +0.00% on the session and was between 7.5862 SEK and 7.6736 SEK. This implies that the price is at +0.91% from its lowest and at -0.24% from its highest.

7.5862
7.6736
7.6554

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

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 bearish. 75.00% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

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 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.4700 7.6115 7.6453 7.6554 7.6983 7.7429 7.7679
Change (%) -2.42% -0.57% -0.13% - +0.56% +1.14% +1.47%
Change -0.1854 -0.0439 -0.0101 - +0.0429 +0.0875 +0.1125
Level Major Minor Intermediate - Major Intermediate Minor



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
Standard7.45287.54907.60237.69857.75187.84807.9013
Camarilla7.61447.62817.64187.65557.66927.68297.6966
Woodie7.43137.53837.58087.68787.73037.83737.8798
Fibonacci7.54907.60617.64147.69857.75567.79097.8480


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.61237.67437.71617.77817.81997.88197.9237
Camarilla7.72937.73887.74837.75787.76737.77687.7864
Woodie7.60217.66937.70597.77317.80977.87697.9135
Fibonacci7.67437.71407.73857.77817.81787.84237.8819


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.16017.32397.50937.67317.85858.02238.2077
Camarilla7.59887.63087.66287.69487.72687.75887.7908
Woodie7.17107.32937.52027.67857.86948.02778.2186
Fibonacci7.32397.45737.53977.67317.80657.88898.0223

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.30
MACD (12,26,9): -0.0188
Directional Movement: -4.1798
AROON (14): -14.2857
DEMA (21): 7.6233
Parabolic SAR (0,02-0,02-0,2): 7.5862
Elder Ray (13): 0.0130
Super Trend (3,10): 7.6583
Zig ZAG (10): 7.6586
VORTEX (21): 0.9581
Stochastique (14,3,5): 68.69
TEMA (21): 7.6259
Williams %R (14): -15.68
Chande Momentum Oscillator (20): -0.0008
Repulse (5,40,3): 0.4718
ROCnROLL: -1
TRIX (15,9): -0.0445
Courbe Coppock: 0.65
MA7: 7.7439
MA20: 7.7498
MA50: 7.7382
MA100: 7.9351
MAexp7: 7.6398
MAexp20: 7.6507
MAexp50: 7.6887
MAexp100: 7.7227
Price / MA7: -1.14%
Price / MA20: -1.22%
Price / MA50: -1.07%
Price / MA100: -3.52%
Price / MAexp7: +0.20%
Price / MAexp20: +0.06%
Price / MAexp50: -0.43%
Price / MAexp100: -0.87%

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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Londinia
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