CAD/SEK - 1H - Technical analysis published on 04/30/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 6.9651 SEK
My targets
6.9986 SEK (+0.0223)
7.0242 SEK (+0.0479)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/SEK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.9651 SEK. The buyers' bullish objective is set at 6.9986 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0242 SEK. If there is any crossing, the next objective would be the resistance located at 7.1291 SEK. If there is a bearish break in the support located at 6.9651 SEK some indecision would arise.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The CAD/SEK price is 6.9763 SEK. The price is lower by -0.02% since the last closing and was between 6.9496 SEK and 6.9896 SEK. This implies that the price is at +0.38% from its lowest and at -0.19% from its highest.6.9496
6.9896
6.9763
Here is a more detailed summary of the historical variations registered by CAD/SEK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a 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 slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide 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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.8688 | 6.9140 | 6.9651 | 6.9763 | 6.9986 | 7.0242 | 7.1291 |
| Change (%) | -1.54% | -0.89% | -0.16% | - | +0.32% | +0.69% | +2.19% |
| Change | -0.1075 | -0.0623 | -0.0112 | - | +0.0223 | +0.0479 | +0.1528 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8889 | 6.9081 | 6.9428 | 6.9620 | 6.9967 | 7.0159 | 7.0506 |
| Camarilla | 6.9627 | 6.9676 | 6.9726 | 6.9775 | 6.9824 | 6.9874 | 6.9923 |
| Woodie | 6.8967 | 6.9120 | 6.9506 | 6.9659 | 7.0045 | 7.0198 | 7.0584 |
| Fibonacci | 6.9081 | 6.9287 | 6.9414 | 6.9620 | 6.9826 | 6.9953 | 7.0159 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7099 | 6.7783 | 6.8875 | 6.9559 | 7.0651 | 7.1335 | 7.2427 |
| Camarilla | 6.9480 | 6.9642 | 6.9805 | 6.9968 | 7.0131 | 7.0294 | 7.0456 |
| Woodie | 6.7304 | 6.7885 | 6.9080 | 6.9661 | 7.0856 | 7.1437 | 7.2632 |
| Fibonacci | 6.7783 | 6.8461 | 6.8880 | 6.9559 | 7.0237 | 7.0656 | 7.1335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2290 | 6.5656 | 6.7723 | 7.1089 | 7.3156 | 7.6522 | 7.8589 |
| Camarilla | 6.8296 | 6.8794 | 6.9292 | 6.9790 | 7.0288 | 7.0786 | 7.1284 |
| Woodie | 6.1641 | 6.5331 | 6.7074 | 7.0764 | 7.2507 | 7.6197 | 7.7940 |
| Fibonacci | 6.5656 | 6.7731 | 6.9014 | 7.1089 | 7.3164 | 7.4447 | 7.6522 |
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): | 47.62 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | -0.5992 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 6.9695 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9873 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 6.9300 | |
| Zig ZAG (10): | 6.9648 | |
| VORTEX (21): | 0.9909 | |
| Stochastique (14,3,5): | 40.16 | |
| TEMA (21): | 6.9724 | |
| Williams %R (14): | -61.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0163 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0104 | |
| Courbe Coppock: | 0.40 |
| MA7: | 6.9670 | |
| MA20: | 6.9967 | |
| MA50: | 7.0857 | |
| MA100: | 7.3794 | |
| MAexp7: | 6.9668 | |
| MAexp20: | 6.9644 | |
| MAexp50: | 6.9609 | |
| MAexp100: | 6.9592 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -5.46% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.26% |
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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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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