CAD/SEK - 1H - Technical analysis published on 05/27/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 6.9814 SEK
My targets
7.0107 SEK (+0.0193)
7.0693 SEK (+0.0779)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/SEK as long as the price remains well above 6.9814 SEK. The buyers' bullish objective is set at 7.0107 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.0693 SEK. If there is any crossing, the next objective would be the resistance located at 7.1291 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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Additional analysis
Quotes
CAD/SEK rating 6.9914 SEK. The price registered an increase of +1.00% on the session and was between 6.9151 SEK and 7.0431 SEK. This implies that the price is at +1.10% from its lowest and at -0.73% from its highest.6.9151
7.0431
6.9914
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this CAD/SEK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. 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. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2 (Daily)
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9377 | 6.9606 | 6.9814 | 6.9914 | 7.0107 | 7.1291 | 7.4685 |
| Change (%) | -0.77% | -0.44% | -0.14% | - | +0.28% | +1.97% | +6.82% |
| Change | -0.0537 | -0.0308 | -0.0100 | - | +0.0193 | +0.1377 | +0.4771 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 | 6.8520 | 6.8810 | 6.9017 | 6.9307 | 6.9514 | 6.9804 | 7.0011 |
| Camarilla | 6.9088 | 6.9134 | 6.9179 | 6.9225 | 6.9271 | 6.9316 | 6.9362 |
| Woodie | 6.8480 | 6.8789 | 6.8977 | 6.9286 | 6.9474 | 6.9783 | 6.9971 |
| Fibonacci | 6.8810 | 6.9000 | 6.9117 | 6.9307 | 6.9497 | 6.9614 | 6.9804 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.7537 | 6.8161 | 6.8803 | 6.9427 | 7.0069 | 7.0693 | 7.1335 |
| Camarilla | 6.9096 | 6.9212 | 6.9328 | 6.9444 | 6.9560 | 6.9676 | 6.9792 |
| Woodie | 6.7545 | 6.8166 | 6.8811 | 6.9432 | 7.0077 | 7.0698 | 7.1343 |
| Fibonacci | 6.8161 | 6.8645 | 6.8944 | 6.9427 | 6.9911 | 7.0210 | 7.0693 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4918 | 6.6474 | 6.8291 | 6.9847 | 7.1664 | 7.3220 | 7.5037 |
| Camarilla | 6.9180 | 6.9490 | 6.9799 | 7.0108 | 7.0417 | 7.0726 | 7.1036 |
| Woodie | 6.5049 | 6.6539 | 6.8422 | 6.9912 | 7.1795 | 7.3285 | 7.5168 |
| Fibonacci | 6.6474 | 6.7763 | 6.8559 | 6.9847 | 7.1136 | 7.1932 | 7.3220 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 81.44 | |
| MACD (12,26,9): | 0.0112 | |
| Directional Movement: | 38.7801 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.9576 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.9329 | |
| Elder Ray (13): | 0.0560 | |
| Super Trend (3,10): | 6.9467 | |
| Zig ZAG (10): | 6.9895 | |
| VORTEX (21): | 1.1513 | |
| Stochastique (14,3,5): | 75.81 | |
| TEMA (21): | 6.9671 | |
| Williams %R (14): | -42.89 | |
| Chande Momentum Oscillator (20): | 0.0651 | |
| Repulse (5,40,3): | 0.1209 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0096 | |
| Courbe Coppock: | 0.96 |
| MA7: | 6.9422 | |
| MA20: | 6.9751 | |
| MA50: | 6.9941 | |
| MA100: | 7.2422 | |
| MAexp7: | 6.9639 | |
| MAexp20: | 6.9456 | |
| MAexp50: | 6.9366 | |
| MAexp100: | 6.9350 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +0.82% |
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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