CHF/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	CHFSEK
ISIN:

CHF/SEK - Daily - Technical analysis published on 08/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 11.8732 SEK

My targets

12.2762 SEK (+0.0731)

12.4795 SEK (+0.2764)

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 11.8732 SEK. Crossing the first resistance at 12.2762 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 12.4795 SEK as an objective. Crossing it would then enable buyers to target 12.6992 SEK. Caution, a return to below 11.8732 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CHF/SEK rating 12.2031 SEK. The price is lower by -0.01% since the last closing and was between 12.1868 SEK and 12.2176 SEK. This implies that the price is at +0.13% from its lowest and at -0.12% from its highest.

12.1868

12.2176

12.2031

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in Daily of this CHF/SEK chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	11.4152	11.6241	11.8732	12.2031	12.2115
Change (%)	-6.46%	-4.74%	-2.70%	-	+0.07%
Change	-0.7879	-0.5790	-0.3299	-	+0.0084
Level	Minor	Major	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.9192	12.0070	12.1053	12.1931	12.2914	12.3792	12.4775
Camarilla	12.1525	12.1696	12.1866	12.2037	12.2208	12.2378	12.2549
Woodie	11.9246	12.0096	12.1107	12.1957	12.2968	12.3818	12.4829
Fibonacci	12.0070	12.0781	12.1220	12.1931	12.2642	12.3081	12.3792

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.7692	11.8463	11.9854	12.0625	12.2016	12.2787	12.4178
Camarilla	12.0650	12.0848	12.1046	12.1244	12.1442	12.1640	12.1839
Woodie	11.8001	11.8618	12.0163	12.0780	12.2325	12.2942	12.4487
Fibonacci	11.8463	11.9289	11.9799	12.0625	12.1451	12.1961	12.2787

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4302	11.6335	11.8532	12.0565	12.2762	12.4795	12.6992
Camarilla	11.9567	11.9955	12.0342	12.0730	12.1118	12.1506	12.1893
Woodie	11.4385	11.6376	11.8615	12.0606	12.2845	12.4836	12.7075
Fibonacci	11.6335	11.7951	11.8949	12.0565	12.2181	12.3179	12.4795

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):	64.22
MACD (12,26,9):	0.0478
Directional Movement:	10.0541
AROON (14):	85.7142
DEMA (21):	12.1194
Parabolic SAR (0,02-0,02-0,2):	11.9498
Elder Ray (13):	0.1142
Super Trend (3,10):	12.2198
Zig ZAG (10):	12.2094
VORTEX (21):	1.0539
Stochastique (14,3,5):	79.63
TEMA (21):	12.1277
Williams %R (14):	-16.39
Chande Momentum Oscillator (20):	0.3077
Repulse (5,40,3):	0.6347
ROCnROLL:	1
TRIX (15,9):	0.0290
Courbe Coppock:	2.16

MA7:	12.1279
MA20:	12.0383
MA50:	12.0068
MA100:	11.7559
MAexp7:	12.1303
MAexp20:	12.0628
MAexp50:	11.9661
MAexp100:	11.8028
Price / MA7:	+0.62%
Price / MA20:	+1.37%
Price / MA50:	+1.63%
Price / MA100:	+3.80%
Price / MAexp7:	+0.59%
Price / MAexp20:	+1.16%
Price / MAexp50:	+1.97%
Price / MAexp100:	+3.38%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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