CHF/SEK - 1H - Technical analysis published on 05/07/2020 (GMT)
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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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 10.1227 SEK
My targets
10.0158 SEK (-0.0548)
9.8988 SEK (-0.1718)
My analysis
CHF/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.1227 SEK. The next support located at 10.0158 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.8988 SEK. Below this support, sellers could then target 9.7049 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.1
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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 CHF/SEK price is 10.0706 SEK. The price registered a decrease of -0.28% on the session and was traded between 10.0653 SEK and 10.1022 SEK over the period. The price is currently at +0.05% from its lowest and -0.31% from its highest.10.0653
10.1022
10.0706
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.7049 | 9.8988 | 10.0158 | 10.0706 | 10.0778 | 10.1227 | 10.1709 |
| Change (%) | -3.63% | -1.71% | -0.54% | - | +0.07% | +0.52% | +1.00% |
| Change | -0.3657 | -0.1718 | -0.0548 | - | +0.0072 | +0.0521 | +0.1003 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0309 | 10.0543 | 10.0763 | 10.0997 | 10.1217 | 10.1451 | 10.1671 |
| Camarilla | 10.0859 | 10.0901 | 10.0942 | 10.0984 | 10.1026 | 10.1067 | 10.1109 |
| Woodie | 10.0303 | 10.0540 | 10.0757 | 10.0994 | 10.1211 | 10.1448 | 10.1665 |
| Fibonacci | 10.0543 | 10.0716 | 10.0823 | 10.0997 | 10.1170 | 10.1277 | 10.1451 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7959 | 9.9283 | 10.0857 | 10.2181 | 10.3755 | 10.5079 | 10.6653 |
| Camarilla | 10.1633 | 10.1899 | 10.2164 | 10.2430 | 10.2696 | 10.2961 | 10.3227 |
| Woodie | 9.8083 | 9.9346 | 10.0981 | 10.2244 | 10.3879 | 10.5142 | 10.6777 |
| Fibonacci | 9.9283 | 10.0390 | 10.1074 | 10.2181 | 10.3288 | 10.3972 | 10.5079 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5753 | 9.8180 | 9.9620 | 10.2047 | 10.3487 | 10.5914 | 10.7354 |
| Camarilla | 9.9996 | 10.0350 | 10.0705 | 10.1059 | 10.1414 | 10.1768 | 10.2122 |
| Woodie | 9.5259 | 9.7933 | 9.9126 | 10.1800 | 10.2993 | 10.5667 | 10.6860 |
| Fibonacci | 9.8180 | 9.9658 | 10.0570 | 10.2047 | 10.3525 | 10.4437 | 10.5914 |
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): | 37.74 | |
| MACD (12,26,9): | -0.0066 | |
| Directional Movement: | -12.8224 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 10.0860 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1117 | |
| Elder Ray (13): | -0.0105 | |
| Super Trend (3,10): | 10.1219 | |
| Zig ZAG (10): | 10.0780 | |
| VORTEX (21): | 0.9353 | |
| Stochastique (14,3,5): | 22.19 | |
| TEMA (21): | 10.0876 | |
| Williams %R (14): | -75.36 | |
| Chande Momentum Oscillator (20): | -0.0165 | |
| Repulse (5,40,3): | -0.0762 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0091 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.1342 | |
| MA20: | 10.2584 | |
| MA50: | 10.2680 | |
| MA100: | 10.0414 | |
| MAexp7: | 10.0863 | |
| MAexp20: | 10.0959 | |
| MAexp50: | 10.1165 | |
| MAexp100: | 10.1429 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.83% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | +0.29% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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