CHF/SEK - 1H - Technical analysis published on 12/11/2022 (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
39%
28%
33%
My opinion
Bullish above 11.0687 SEK
My targets
11.1373 SEK (+0.0541)
11.2094 SEK (+0.1262)
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 11.0687 SEK. Crossing the first resistance at 11.1373 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.2094 SEK as an objective. Crossing it would then enable buyers to target 11.4954 SEK. Caution, a return to below 11.0687 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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Additional analysis
Quotes
The CHF/SEK price is 11.0832 SEK. The price has increased by +0.29% since the last closing and was traded between 11.0832 SEK and 11.0832 SEK over the period. The price is currently at 0% from its lowest and 0% from its highest.11.0832
11.0832
11.0832
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows a strongly overall bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.0143 | 11.0499 | 11.0687 | 11.0832 | 11.0939 | 11.1373 | 11.2094 |
| Change (%) | -0.62% | -0.30% | -0.13% | - | +0.10% | +0.49% | +1.14% |
| Change | -0.0689 | -0.0333 | -0.0145 | - | +0.0107 | +0.0541 | +0.1262 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 10.9272 | 10.9708 | 11.0110 | 11.0546 | 11.0948 | 11.1384 | 11.1786 |
| Camarilla | 11.0281 | 11.0357 | 11.0434 | 11.0511 | 11.0588 | 11.0665 | 11.0742 |
| Woodie | 10.9254 | 10.9700 | 11.0092 | 11.0538 | 11.0930 | 11.1376 | 11.1768 |
| Fibonacci | 10.9708 | 11.0028 | 11.0226 | 11.0546 | 11.0866 | 11.1064 | 11.1384 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8668 | 10.9226 | 10.9868 | 11.0426 | 11.1068 | 11.1626 | 11.2268 |
| Camarilla | 11.0181 | 11.0291 | 11.0401 | 11.0511 | 11.0621 | 11.0731 | 11.0841 |
| Woodie | 10.8711 | 10.9247 | 10.9911 | 11.0447 | 11.1111 | 11.1647 | 11.2311 |
| Fibonacci | 10.9226 | 10.9684 | 10.9967 | 11.0426 | 11.0884 | 11.1167 | 11.1626 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4561 | 10.6426 | 10.8733 | 11.0598 | 11.2905 | 11.4770 | 11.7077 |
| Camarilla | 10.9894 | 11.0276 | 11.0659 | 11.1041 | 11.1423 | 11.1806 | 11.2188 |
| Woodie | 10.4783 | 10.6537 | 10.8955 | 11.0709 | 11.3127 | 11.4881 | 11.7299 |
| Fibonacci | 10.6426 | 10.8019 | 10.9004 | 11.0598 | 11.2191 | 11.3176 | 11.4770 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.40 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 8.2201 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 11.0575 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.0903 | |
| Elder Ray (13): | 0.0077 | |
| Super Trend (3,10): | 11.0220 | |
| Zig ZAG (10): | 11.0511 | |
| VORTEX (21): | 1.0584 | |
| Stochastique (14,3,5): | 32.68 | |
| TEMA (21): | 11.0577 | |
| Williams %R (14): | -78.28 | |
| Chande Momentum Oscillator (20): | -0.0093 | |
| Repulse (5,40,3): | -0.1698 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.27 |
| MA7: | 11.0347 | |
| MA20: | 11.0838 | |
| MA50: | 11.1048 | |
| MA100: | 11.0447 | |
| MAexp7: | 11.0524 | |
| MAexp20: | 11.0522 | |
| MAexp50: | 11.0464 | |
| MAexp100: | 11.0437 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.36% |
Quotes :
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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.
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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