CAD/SEK - 1H - Technical analysis published on 03/12/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 6.9651 SEK
My targets
7.0215 SEK (+0.0030)
7.1291 SEK (+0.1106)
My analysis
The strong short-term increase for CAD/SEK reinforces the current slightly bullish trend. As long as the price remains above 6.9651 SEK, you could take advantage of this bullish acceleration. The first bullish objective is located at 7.0215 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.1291 SEK as an objective. Crossing it would then enable buyers to target 7.3206 SEK. A return to 6.9651 SEK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
4.5
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Additional analysis
Quotes
The CAD/SEK price is 7.0185 SEK. On the day, this instrument gained +1.18% and was between 6.9322 SEK and 7.0296 SEK. This implies that the price is at +1.24% from its lowest and at -0.16% from its highest.6.9322
7.0296
7.0185
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/SEK in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8330 | 6.9022 | 6.9651 | 7.0185 | 7.0234 | 7.1291 | 7.3206 |
| Change (%) | -2.64% | -1.66% | -0.76% | - | +0.07% | +1.58% | +4.30% |
| Change | -0.1855 | -0.1163 | -0.0534 | - | +0.0049 | +0.1106 | +0.3021 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7719 | 6.8371 | 6.8870 | 6.9522 | 7.0021 | 7.0673 | 7.1172 |
| Camarilla | 6.9054 | 6.9159 | 6.9265 | 6.9370 | 6.9476 | 6.9581 | 6.9687 |
| Woodie | 6.7644 | 6.8333 | 6.8795 | 6.9484 | 6.9946 | 7.0635 | 7.1097 |
| Fibonacci | 6.8371 | 6.8810 | 6.9082 | 6.9522 | 6.9961 | 7.0233 | 7.0673 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3788 | 6.6761 | 6.8509 | 7.1482 | 7.3230 | 7.6203 | 7.7951 |
| Camarilla | 6.8959 | 6.9392 | 6.9824 | 7.0257 | 7.0690 | 7.1123 | 7.1555 |
| Woodie | 6.3176 | 6.6455 | 6.7897 | 7.1176 | 7.2618 | 7.5897 | 7.7339 |
| Fibonacci | 6.6761 | 6.8564 | 6.9679 | 7.1482 | 7.3285 | 7.4400 | 7.6203 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0215 | 7.2066 | 7.3281 | 7.5132 | 7.6347 | 7.8198 | 7.9413 |
| Camarilla | 7.3653 | 7.3934 | 7.4215 | 7.4496 | 7.4777 | 7.5058 | 7.5339 |
| Woodie | 6.9897 | 7.1907 | 7.2963 | 7.4973 | 7.6029 | 7.8039 | 7.9095 |
| Fibonacci | 7.2066 | 7.3237 | 7.3961 | 7.5132 | 7.6303 | 7.7027 | 7.8198 |
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): | 59.90 | |
| MACD (12,26,9): | 0.0132 | |
| Directional Movement: | 18.7886 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 7.0005 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9950 | |
| Elder Ray (13): | 0.0169 | |
| Super Trend (3,10): | 6.9566 | |
| Zig ZAG (10): | 7.0098 | |
| VORTEX (21): | 1.2255 | |
| Stochastique (14,3,5): | 84.77 | |
| TEMA (21): | 7.0173 | |
| Williams %R (14): | -19.71 | |
| Chande Momentum Oscillator (20): | 0.0533 | |
| Repulse (5,40,3): | 0.0513 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0183 | |
| Courbe Coppock: | 1.71 |
| MA7: | 7.0645 | |
| MA20: | 7.3313 | |
| MA50: | 7.5432 | |
| MA100: | 7.6413 | |
| MAexp7: | 7.0057 | |
| MAexp20: | 6.9864 | |
| MAexp50: | 6.9854 | |
| MAexp100: | 7.0231 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -4.27% | |
| Price / MA50: | -6.96% | |
| Price / MA100: | -8.15% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | -0.07% |
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.
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