CAD/SEK - 1H - Technical analysis published on 02/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 7.2242 SEK
My targets
7.1939 SEK (-0.0011)
7.1291 SEK (-0.0659)
My analysis
The bearish trend is currently very strong for CAD/SEK. As long as the price remains below the resistance at 7.2242 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.1939 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.1291 SEK as an objective. Crossing it would then enable sellers to target 7.0376 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.7
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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 price is 7.1950 SEK. On the day, this instrument lost -0.31% with the lowest point at 7.1931 SEK and the highest point at 7.2254 SEK. The deviation from the price is +0.03% for the low point and -0.42% for the high point.7.1931
7.2254
7.1950
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/SEK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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, 12 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.9062 | 7.0376 | 7.1291 | 7.1950 | 7.2242 | 7.2653 | 7.2788 |
| Change (%) | -4.01% | -2.19% | -0.92% | - | +0.41% | +0.98% | +1.16% |
| Change | -0.2888 | -0.1574 | -0.0659 | - | +0.0292 | +0.0703 | +0.0838 |
| Level | Intermediate | Minor | Major | - | 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 | 7.1500 | 7.1829 | 7.1999 | 7.2328 | 7.2498 | 7.2827 | 7.2997 |
| Camarilla | 7.2033 | 7.2079 | 7.2124 | 7.2170 | 7.2216 | 7.2262 | 7.2307 |
| Woodie | 7.1422 | 7.1789 | 7.1921 | 7.2288 | 7.2420 | 7.2787 | 7.2919 |
| Fibonacci | 7.1829 | 7.2019 | 7.2137 | 7.2328 | 7.2518 | 7.2636 | 7.2827 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1981 | 7.2315 | 7.2513 | 7.2847 | 7.3045 | 7.3379 | 7.3577 |
| Camarilla | 7.2566 | 7.2615 | 7.2663 | 7.2712 | 7.2761 | 7.2810 | 7.2858 |
| Woodie | 7.1914 | 7.2281 | 7.2446 | 7.2813 | 7.2978 | 7.3345 | 7.3510 |
| Fibonacci | 7.2315 | 7.2518 | 7.2643 | 7.2847 | 7.3050 | 7.3175 | 7.3379 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.0545 | 7.1165 | 7.1939 | 7.2559 | 7.3333 | 7.3953 | 7.4727 |
| Camarilla | 7.2329 | 7.2456 | 7.2584 | 7.2712 | 7.2840 | 7.2968 | 7.3095 |
| Woodie | 7.0621 | 7.1204 | 7.2015 | 7.2598 | 7.3409 | 7.3992 | 7.4803 |
| Fibonacci | 7.1165 | 7.1698 | 7.2027 | 7.2559 | 7.3092 | 7.3421 | 7.3953 |
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): | 26.47 | |
| MACD (12,26,9): | -0.0098 | |
| Directional Movement: | -27.6833 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 7.2104 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.2235 | |
| Elder Ray (13): | -0.0121 | |
| Super Trend (3,10): | 7.2360 | |
| Zig ZAG (10): | 7.1969 | |
| VORTEX (21): | 0.7260 | |
| Stochastique (14,3,5): | 22.51 | |
| TEMA (21): | 7.2087 | |
| Williams %R (14): | -88.08 | |
| Chande Momentum Oscillator (20): | -0.0255 | |
| Repulse (5,40,3): | -0.3715 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0202 | |
| Courbe Coppock: | 0.43 |
| MA7: | 7.2617 | |
| MA20: | 7.2667 | |
| MA50: | 7.2147 | |
| MA100: | 7.2825 | |
| MAexp7: | 7.2142 | |
| MAexp20: | 7.2243 | |
| MAexp50: | 7.2423 | |
| MAexp100: | 7.2585 | |
| Price / MA7: | -0.92% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
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