CAD/SEK - 1H - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 7.2302 | 7.2480 | 7.2645 | 7.2823 | 7.2988 | 7.3166 | 7.3331 |
Camarilla | 7.2716 | 7.2747 | 7.2779 | 7.2810 | 7.2841 | 7.2873 | 7.2904 |
Woodie | 7.2296 | 7.2477 | 7.2639 | 7.2820 | 7.2982 | 7.3163 | 7.3325 |
Fibonacci | 7.2480 | 7.2611 | 7.2692 | 7.2823 | 7.2954 | 7.3035 | 7.3166 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.1770 | 7.2029 | 7.2446 | 7.2705 | 7.3122 | 7.3381 | 7.3798 |
Camarilla | 7.2676 | 7.2738 | 7.2800 | 7.2862 | 7.2924 | 7.2986 | 7.3048 |
Woodie | 7.1848 | 7.2069 | 7.2524 | 7.2745 | 7.3200 | 7.3421 | 7.3876 |
Fibonacci | 7.2029 | 7.2288 | 7.2447 | 7.2705 | 7.2964 | 7.3123 | 7.3381 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.9755 | 7.0285 | 7.1207 | 7.1737 | 7.2659 | 7.3189 | 7.4111 |
Camarilla | 7.1731 | 7.1864 | 7.1997 | 7.2130 | 7.2263 | 7.2396 | 7.2529 |
Woodie | 6.9952 | 7.0383 | 7.1404 | 7.1835 | 7.2856 | 7.3287 | 7.4308 |
Fibonacci | 7.0285 | 7.0839 | 7.1182 | 7.1737 | 7.2291 | 7.2634 | 7.3189 |
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.
About author
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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