CAD/SEK - 1H - Technical analysis published on 06/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 8.0780 SEK
My targets
8.1441 SEK (+0.0244)
8.1679 SEK (+0.0482)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/SEK. This is a positive signal for buyers. As long as the price remains above 8.0780 SEK, a purchase could be considered. The first bullish objective is located at 8.1441 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.1679 SEK as an objective. Crossing it would then enable buyers to target 8.2444 SEK. In the event of a return below 8.0780 SEK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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Additional analysis
Quotes
The CAD/SEK price is 8.1197 SEK. The price has increased by +0.00% since the last closing and was between 8.1106 SEK and 8.1233 SEK. This implies that the price is at +0.11% from its lowest and at -0.04% from its highest.8.1106
8.1233
8.1197
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.9853 | 8.0294 | 8.0780 | 8.1197 | 8.1249 | 8.1441 | 8.1679 |
| Change (%) | -1.66% | -1.11% | -0.51% | - | +0.06% | +0.30% | +0.59% |
| Change | -0.1344 | -0.0903 | -0.0417 | - | +0.0052 | +0.0244 | +0.0482 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0215 | 8.0501 | 8.0851 | 8.1137 | 8.1487 | 8.1773 | 8.2123 |
| Camarilla | 8.1025 | 8.1083 | 8.1142 | 8.1200 | 8.1258 | 8.1317 | 8.1375 |
| Woodie | 8.0246 | 8.0517 | 8.0882 | 8.1153 | 8.1518 | 8.1789 | 8.2154 |
| Fibonacci | 8.0501 | 8.0744 | 8.0894 | 8.1137 | 8.1380 | 8.1530 | 8.1773 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9116 | 7.9725 | 8.0462 | 8.1071 | 8.1808 | 8.2417 | 8.3154 |
| Camarilla | 8.0830 | 8.0953 | 8.1077 | 8.1200 | 8.1323 | 8.1447 | 8.1570 |
| Woodie | 7.9181 | 7.9757 | 8.0527 | 8.1103 | 8.1873 | 8.2449 | 8.3219 |
| Fibonacci | 7.9725 | 8.0239 | 8.0557 | 8.1071 | 8.1585 | 8.1903 | 8.2417 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1299 | 7.3198 | 7.6562 | 7.8461 | 8.1825 | 8.3724 | 8.7088 |
| Camarilla | 7.8479 | 7.8961 | 7.9444 | 7.9926 | 8.0408 | 8.0891 | 8.1373 |
| Woodie | 7.2032 | 7.3564 | 7.7295 | 7.8827 | 8.2558 | 8.4090 | 8.7821 |
| Fibonacci | 7.3198 | 7.5209 | 7.6451 | 7.8461 | 8.0472 | 8.1714 | 8.3724 |
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): | 51.87 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 4.4332 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 8.1165 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1333 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 8.0839 | |
| Zig ZAG (10): | 8.1182 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 36.12 | |
| TEMA (21): | 8.1206 | |
| Williams %R (14): | -61.03 | |
| Chande Momentum Oscillator (20): | -0.0164 | |
| Repulse (5,40,3): | 0.0874 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.09 |
| MA7: | 8.1048 | |
| MA20: | 7.9636 | |
| MA50: | 7.7754 | |
| MA100: | 7.7428 | |
| MAexp7: | 8.1170 | |
| MAexp20: | 8.1142 | |
| MAexp50: | 8.1139 | |
| MAexp100: | 8.1051 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +1.96% | |
| Price / MA50: | +4.43% | |
| Price / MA100: | +4.87% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
Real time data
-
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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