CHF/SEK - 1H - Technical analysis published on 05/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 9.9484 SEK
My targets
9.9165 SEK (-0.0151)
9.8306 SEK (-0.1010)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/SEK as long as the price remains well below 9.9484 SEK. The next bearish objective for sellers is set at 9.9165 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.8306 SEK. If there is any crossing, the next objective would be the support located at 9.6477 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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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 9.9316 SEK. The price registered a decrease of -0.03% on the session with the lowest point at 9.8792 SEK and the highest point at 9.9639 SEK. The deviation from the price is +0.53% for the low point and -0.32% for the high point.9.8792
9.9639
9.9316
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/SEK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 9.6477 | 9.8306 | 9.9225 | 9.9316 | 9.9484 | 10.0137 | 10.0417 |
| Change (%) | -2.86% | -1.02% | -0.09% | - | +0.17% | +0.83% | +1.11% |
| Change | -0.2839 | -0.1010 | -0.0091 | - | +0.0168 | +0.0821 | +0.1101 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 9.8207 | 9.8687 | 9.9017 | 9.9497 | 9.9827 | 10.0307 | 10.0637 |
| Camarilla | 9.9125 | 9.9200 | 9.9274 | 9.9348 | 9.9422 | 9.9497 | 9.9571 |
| Woodie | 9.8133 | 9.8650 | 9.8943 | 9.9460 | 9.9753 | 10.0270 | 10.0563 |
| Fibonacci | 9.8687 | 9.8996 | 9.9187 | 9.9497 | 9.9806 | 9.9997 | 10.0307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9165 | 9.9766 | 10.0644 | 10.1245 | 10.2123 | 10.2724 | 10.3602 |
| Camarilla | 10.1114 | 10.1250 | 10.1385 | 10.1521 | 10.1657 | 10.1792 | 10.1928 |
| Woodie | 9.9303 | 9.9835 | 10.0782 | 10.1314 | 10.2261 | 10.2793 | 10.3740 |
| Fibonacci | 9.9766 | 10.0331 | 10.0680 | 10.1245 | 10.1810 | 10.2159 | 10.2724 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.67 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | -18.1031 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 9.9182 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.9513 | |
| Elder Ray (13): | -0.0248 | |
| Super Trend (3,10): | 9.9606 | |
| Zig ZAG (10): | 9.9106 | |
| VORTEX (21): | 0.9033 | |
| Stochastique (14,3,5): | 25.34 | |
| TEMA (21): | 9.9174 | |
| Williams %R (14): | -59.50 | |
| Chande Momentum Oscillator (20): | -0.0271 | |
| Repulse (5,40,3): | 0.0696 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.38 |
| MA7: | 10.0163 | |
| MA20: | 10.1045 | |
| MA50: | 10.2660 | |
| MA100: | 10.0839 | |
| MAexp7: | 9.9181 | |
| MAexp20: | 9.9338 | |
| MAexp50: | 9.9538 | |
| MAexp100: | 9.9872 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -1.71% | |
| Price / MA50: | -3.26% | |
| Price / MA100: | -1.51% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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