CHF/SEK - 1H - Technical analysis published on 04/17/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 10.3583 SEK
My targets
10.3049 SEK (-0.0337)
10.2736 SEK (-0.0650)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10.3583 SEK remains possible. It is advisable to trade CHF/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10.3583 SEK. The next bearish objective for sellers is set at 10.3049 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.2736 SEK. In case of crossing, the next objective would be the support located at 10.2553 SEK. PS: if there is a bullish break in the resistance located at 10.3583 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.7
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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
CHF/SEK rating 10.3386 SEK. The price registered an increase of +0.16% on the session and was traded between 10.3080 SEK and 10.3575 SEK over the period. The price is currently at +0.30% from its lowest and -0.18% from its highest.10.3080
10.3575
10.3386
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SEK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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 | 10.2736 | 10.3049 | 10.3313 | 10.3386 | 10.3583 | 10.3868 | 10.4317 |
| Change (%) | -0.63% | -0.33% | -0.07% | - | +0.19% | +0.47% | +0.90% |
| Change | -0.0650 | -0.0337 | -0.0073 | - | +0.0197 | +0.0482 | +0.0931 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 10.1751 | 10.2446 | 10.2836 | 10.3531 | 10.3921 | 10.4616 | 10.5006 |
| Camarilla | 10.2928 | 10.3027 | 10.3127 | 10.3226 | 10.3326 | 10.3425 | 10.3524 |
| Woodie | 10.1599 | 10.2370 | 10.2684 | 10.3455 | 10.3769 | 10.4540 | 10.4854 |
| Fibonacci | 10.2446 | 10.2861 | 10.3117 | 10.3531 | 10.3946 | 10.4202 | 10.4616 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0207 | 10.1380 | 10.2129 | 10.3302 | 10.4051 | 10.5224 | 10.5973 |
| Camarilla | 10.2349 | 10.2526 | 10.2702 | 10.2878 | 10.3054 | 10.3230 | 10.3407 |
| Woodie | 9.9995 | 10.1274 | 10.1917 | 10.3196 | 10.3839 | 10.5118 | 10.5761 |
| Fibonacci | 10.1380 | 10.2114 | 10.2568 | 10.3302 | 10.4036 | 10.4490 | 10.5224 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8418 | 9.3352 | 9.8200 | 10.3134 | 10.7982 | 11.2916 | 11.7764 |
| Camarilla | 10.0359 | 10.1256 | 10.2152 | 10.3049 | 10.3946 | 10.4842 | 10.5739 |
| Woodie | 8.8376 | 9.3331 | 9.8158 | 10.3113 | 10.7940 | 11.2895 | 11.7722 |
| Fibonacci | 9.3352 | 9.7088 | 9.9397 | 10.3134 | 10.6870 | 10.9179 | 11.2916 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.32 | |
| MACD (12,26,9): | -0.0066 | |
| Directional Movement: | -5.7364 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 10.3249 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.3127 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 10.3662 | |
| Zig ZAG (10): | 10.3390 | |
| VORTEX (21): | 0.9430 | |
| Stochastique (14,3,5): | 52.73 | |
| TEMA (21): | 10.3285 | |
| Williams %R (14): | -28.48 | |
| Chande Momentum Oscillator (20): | 0.0241 | |
| Repulse (5,40,3): | 0.0491 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0146 | |
| Courbe Coppock: | 0.10 |
| MA7: | 10.3325 | |
| MA20: | 10.3629 | |
| MA50: | 10.1834 | |
| MA100: | 9.9531 | |
| MAexp7: | 10.3316 | |
| MAexp20: | 10.3352 | |
| MAexp50: | 10.3478 | |
| MAexp100: | 10.3500 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +3.87% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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