CHF/SEK - 1H - Technical analysis published on 07/16/2020 (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:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 9.6477 SEK
My targets
9.5848 SEK (-0.0016)
9.4847 SEK (-0.1017)
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 9.6477 SEK. The next support located at 9.5848 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 9.4847 SEK. Below this support, sellers could then target 9.0345 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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
The CHF/SEK rating is 9.5864 SEK. The price is lower by -0.22% since the last closing with the lowest point at 9.5744 SEK and the highest point at 9.6388 SEK. The deviation from the price is +0.13% for the low point and -0.54% for the high point.9.5744
9.6388
9.5864
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SEK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
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 support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.8065 | 9.0345 | 9.4847 | 9.5864 | 9.5936 | 9.6477 | 9.6871 |
| Change (%) | -8.14% | -5.76% | -1.06% | - | +0.08% | +0.64% | +1.05% |
| Change | -0.7799 | -0.5519 | -0.1017 | - | +0.0072 | +0.0613 | +0.1007 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4783 | 9.5360 | 9.5715 | 9.6292 | 9.6647 | 9.7224 | 9.7579 |
| Camarilla | 9.5815 | 9.5900 | 9.5986 | 9.6071 | 9.6156 | 9.6242 | 9.6327 |
| Woodie | 9.4673 | 9.5305 | 9.5605 | 9.6237 | 9.6537 | 9.7169 | 9.7469 |
| Fibonacci | 9.5360 | 9.5716 | 9.5936 | 9.6292 | 9.6648 | 9.6868 | 9.7224 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5848 | 9.6694 | 9.7219 | 9.8065 | 9.8590 | 9.9436 | 9.9961 |
| Camarilla | 9.7367 | 9.7493 | 9.7618 | 9.7744 | 9.7870 | 9.7995 | 9.8121 |
| Woodie | 9.5688 | 9.6614 | 9.7059 | 9.7985 | 9.8430 | 9.9356 | 9.9801 |
| Fibonacci | 9.6694 | 9.7218 | 9.7541 | 9.8065 | 9.8589 | 9.8912 | 9.9436 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1302 | 9.3179 | 9.5809 | 9.7686 | 10.0316 | 10.2193 | 10.4823 |
| Camarilla | 9.7200 | 9.7613 | 9.8026 | 9.8439 | 9.8852 | 9.9265 | 9.9678 |
| Woodie | 9.1679 | 9.3367 | 9.6186 | 9.7874 | 10.0693 | 10.2381 | 10.5200 |
| Fibonacci | 9.3179 | 9.4901 | 9.5964 | 9.7686 | 9.9408 | 10.0471 | 10.2193 |
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): | 35.73 | |
| MACD (12,26,9): | -0.0114 | |
| Directional Movement: | -3.8815 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 9.5931 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6287 | |
| Elder Ray (13): | -0.0161 | |
| Super Trend (3,10): | 9.6422 | |
| Zig ZAG (10): | 9.5814 | |
| VORTEX (21): | 0.9227 | |
| Stochastique (14,3,5): | 12.45 | |
| TEMA (21): | 9.5965 | |
| Williams %R (14): | -95.58 | |
| Chande Momentum Oscillator (20): | -0.0425 | |
| Repulse (5,40,3): | -0.3084 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0158 | |
| Courbe Coppock: | 0.18 |
| MA7: | 9.7128 | |
| MA20: | 9.8028 | |
| MA50: | 9.8456 | |
| MA100: | 10.0568 | |
| MAexp7: | 9.5959 | |
| MAexp20: | 9.6103 | |
| MAexp50: | 9.6397 | |
| MAexp100: | 9.6817 | |
| Price / MA7: | -1.30% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -2.63% | |
| Price / MA100: | -4.68% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.98% |
Quotes :
2020-07-16 15:08:15
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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