CAD/SEK - 1H - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 7.3747 SEK
My targets
7.3412 SEK (-0.0164)
7.3177 SEK (-0.0399)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/SEK as long as the price remains well below 7.3747 SEK. The sellers” bearish objective is set at 7.3412 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.3177 SEK. In case of crossing, the next objective would be the support located at 7.3012 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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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
CAD/SEK rating 7.3576 SEK. On the day, this instrument gained +0.15% and was between 7.3505 SEK and 7.3898 SEK. This implies that the price is at +0.10% from its lowest and at -0.44% from its highest.7.3505
7.3898
7.3576
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.3177 | 7.3412 | 7.3562 | 7.3576 | 7.3747 | 7.3944 | 7.4182 |
| Change (%) | -0.54% | -0.22% | -0.02% | - | +0.23% | +0.50% | +0.82% |
| Change | -0.0399 | -0.0164 | -0.0014 | - | +0.0171 | +0.0368 | +0.0606 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 7.2423 | 7.2919 | 7.3193 | 7.3689 | 7.3963 | 7.4459 | 7.4733 |
| Camarilla | 7.3255 | 7.3326 | 7.3396 | 7.3467 | 7.3538 | 7.3608 | 7.3679 |
| Woodie | 7.2312 | 7.2864 | 7.3082 | 7.3634 | 7.3852 | 7.4404 | 7.4622 |
| Fibonacci | 7.2919 | 7.3213 | 7.3395 | 7.3689 | 7.3983 | 7.4165 | 7.4459 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2021 | 7.2599 | 7.3033 | 7.3611 | 7.4045 | 7.4623 | 7.5057 |
| Camarilla | 7.3189 | 7.3282 | 7.3374 | 7.3467 | 7.3560 | 7.3653 | 7.3745 |
| Woodie | 7.1949 | 7.2563 | 7.2961 | 7.3575 | 7.3973 | 7.4587 | 7.4985 |
| Fibonacci | 7.2599 | 7.2986 | 7.3224 | 7.3611 | 7.3998 | 7.4236 | 7.4623 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.07 | |
| MACD (12,26,9): | -0.0043 | |
| Directional Movement: | -8.1680 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 7.3621 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.3503 | |
| Elder Ray (13): | -0.0056 | |
| Super Trend (3,10): | 7.3890 | |
| Zig ZAG (10): | 7.3571 | |
| VORTEX (21): | 0.8842 | |
| Stochastique (14,3,5): | 55.69 | |
| TEMA (21): | 7.3646 | |
| Williams %R (14): | -66.87 | |
| Chande Momentum Oscillator (20): | 0.0104 | |
| Repulse (5,40,3): | -0.2408 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.24 |
| MA7: | 7.3635 | |
| MA20: | 7.2975 | |
| MA50: | 7.2536 | |
| MA100: | 7.2746 | |
| MAexp7: | 7.3683 | |
| MAexp20: | 7.3696 | |
| MAexp50: | 7.3778 | |
| MAexp100: | 7.3735 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +1.14% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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