CAD/SEK
CAD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CADSEK
ISIN:

CAD/SEK - 1H - Technical analysis published on 01/22/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 7.2658 SEK
My targets
7.3011 SEK (+0.0187)
7.3430 SEK (+0.0606)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/SEK as long as the price remains well above 7.2658 SEK. The buyers” bullish objective is set at 7.3011 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.3430 SEK. If there is any crossing, the next objective would be the resistance located at 7.4365 SEK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
4.8

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/SEK rating is 7.2824 SEK. The price registered an increase of +0.02% on the session and was traded between 7.2699 SEK and 7.2838 SEK over the period. The price is currently at +0.17% from its lowest and -0.02% from its highest.

7.2699
7.2838
7.2824

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/SEK indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.2568 7.2658 7.2762 7.2824 7.2851 7.3011 7.3430
Change (%) -0.35% -0.23% -0.09% - +0.04% +0.26% +0.83%
Change -0.0256 -0.0166 -0.0062 - +0.0027 +0.0187 +0.0606
Level Minor Intermediate Minor - Major Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.23027.24807.26457.28237.29887.31667.3331
Camarilla7.27167.27477.27797.28107.28417.28737.2904
Woodie7.22967.24777.26397.28207.29827.31637.3325
Fibonacci7.24807.26117.26927.28237.29547.30357.3166


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.17707.20297.24467.27057.31227.33817.3798
Camarilla7.26767.27387.28007.28627.29247.29867.3048
Woodie7.18487.20697.25247.27457.32007.34217.3876
Fibonacci7.20297.22887.24477.27057.29647.31237.3381


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.97557.02857.12077.17377.26597.31897.4111
Camarilla7.17317.18647.19977.21307.22637.23967.2529
Woodie6.99527.03837.14047.18357.28567.32877.4308
Fibonacci7.02857.08397.11827.17377.22917.26347.3189

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): 49.97
MACD (12,26,9): -0.0024
Directional Movement: 4.3835
AROON (14): -57.1428
DEMA (21): 7.2761
Parabolic SAR (0,02-0,02-0,2): 7.2897
Elder Ray (13): 0.0021
Super Trend (3,10): 7.2934
Zig ZAG (10): 7.2811
VORTEX (21): 1.0334
Stochastique (14,3,5): 32.87
TEMA (21): 7.2751
Williams %R (14): -45.41
Chande Momentum Oscillator (20): 0.0043
Repulse (5,40,3): 0.1175
ROCnROLL: 1
TRIX (15,9): -0.0056
Courbe Coppock: 0.08
MA7: 7.2742
MA20: 7.2421
MA50: 7.2136
MA100: 7.2874
MAexp7: 7.2783
MAexp20: 7.2794
MAexp50: 7.2815
MAexp100: 7.2783
Price / MA7: +0.11%
Price / MA20: +0.56%
Price / MA50: +0.95%
Price / MA100: -0.07%
Price / MAexp7: +0.06%
Price / MAexp20: +0.04%
Price / MAexp50: +0.01%
Price / MAexp100: +0.06%

This member declared not having a position on this financial instrument or a related financial instrument.

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