CHF/SEK - 1H - Technical analysis published on 09/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 10.9990 SEK
My targets
11.0704 SEK (+0.0275)
11.1074 SEK (+0.0645)
My analysis
The basic bullish trend is very strong on CHF/SEK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.9990 SEK. Crossing the first resistance at 11.0704 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.1074 SEK as an objective. Caution, a return to below 10.9990 SEK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SEK rating is 11.0429 SEK. On the day, this instrument lost -0.01% with the lowest point at 10.9776 SEK and the highest point at 11.0529 SEK. The deviation from the price is +0.59% for the low point and -0.09% for the high point.10.9776
11.0529
11.0429
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SEK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 10 are bullish, 4 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
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.9261 | 10.9990 | 11.0397 | 11.0429 | 11.0704 | 11.1074 |
| Change (%) | -1.06% | -0.40% | -0.03% | - | +0.25% | +0.58% |
| Change | -0.1168 | -0.0439 | -0.0032 | - | +0.0275 | +0.0645 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 10.8106 | 10.8767 | 10.9602 | 11.0263 | 11.1098 | 11.1759 | 11.2594 |
| Camarilla | 11.0025 | 11.0162 | 11.0299 | 11.0436 | 11.0573 | 11.0710 | 11.0847 |
| Woodie | 10.8192 | 10.8811 | 10.9688 | 11.0307 | 11.1184 | 11.1803 | 11.2680 |
| Fibonacci | 10.8767 | 10.9339 | 10.9692 | 11.0263 | 11.0835 | 11.1188 | 11.1759 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6660 | 10.7685 | 10.8743 | 10.9768 | 11.0826 | 11.1851 | 11.2909 |
| Camarilla | 10.9229 | 10.9420 | 10.9611 | 10.9802 | 10.9993 | 11.0184 | 11.0375 |
| Woodie | 10.6678 | 10.7693 | 10.8761 | 10.9776 | 11.0844 | 11.1859 | 11.2927 |
| Fibonacci | 10.7685 | 10.8480 | 10.8972 | 10.9768 | 11.0563 | 11.1055 | 11.1851 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0224 | 10.2991 | 10.6032 | 10.8799 | 11.1840 | 11.4607 | 11.7648 |
| Camarilla | 10.7475 | 10.8007 | 10.8540 | 10.9072 | 10.9604 | 11.0137 | 11.0669 |
| Woodie | 10.0360 | 10.3060 | 10.6168 | 10.8868 | 11.1976 | 11.4676 | 11.7784 |
| Fibonacci | 10.2991 | 10.5210 | 10.6581 | 10.8799 | 11.1018 | 11.2389 | 11.4607 |
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): | 58.71 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 6.2007 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 11.0239 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.0565 | |
| Elder Ray (13): | 0.0159 | |
| Super Trend (3,10): | 10.9697 | |
| Zig ZAG (10): | 11.0380 | |
| VORTEX (21): | 0.9657 | |
| Stochastique (14,3,5): | 67.33 | |
| TEMA (21): | 11.0208 | |
| Williams %R (14): | -17.00 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | 0.2887 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.34 |
| MA7: | 11.0030 | |
| MA20: | 10.9920 | |
| MA50: | 10.8129 | |
| MA100: | 10.5299 | |
| MAexp7: | 11.0206 | |
| MAexp20: | 11.0166 | |
| MAexp50: | 11.0050 | |
| MAexp100: | 10.9973 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +2.13% | |
| Price / MA100: | +4.87% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.41% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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