CHF/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFSEK
ISIN:

CHF/SEK - 1H - Technical analysis published on 07/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

11%

My opinion

Bullish above 11.7047 SEK

My targets

11.7703 SEK (+0.0378)

11.8027 SEK (+0.0702)

My analysis

CHF/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.7047 SEK. The next resistance located at 11.7703 SEK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.8027 SEK. After this resistance, buyers could then target 11.8218 SEK.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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

The CHF/SEK price is 11.7325 SEK. On the day, this instrument gained +0.29% with the lowest point at 11.7214 SEK and the highest point at 11.7508 SEK. The deviation from the price is +0.09% for the low point and -0.16% for the high point.

11.7214

11.7508

11.7325

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1 year)

Type : Bearish

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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 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 : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.6346	11.6767	11.7047	11.7325	11.7703	11.8027	11.8218
Change (%)	-0.83%	-0.48%	-0.24%	-	+0.32%	+0.60%	+0.76%
Change	-0.0979	-0.0558	-0.0278	-	+0.0378	+0.0702	+0.0893
Level	Major	Minor	Minor	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.6069	11.6270	11.6626	11.6827	11.7183	11.7384	11.7740
Camarilla	11.6828	11.6879	11.6930	11.6981	11.7032	11.7083	11.7134
Woodie	11.6146	11.6309	11.6703	11.6866	11.7260	11.7423	11.7817
Fibonacci	11.6270	11.6483	11.6615	11.6827	11.7040	11.7172	11.7384

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4024	11.5033	11.6007	11.7016	11.7990	11.8999	11.9973
Camarilla	11.6436	11.6618	11.6799	11.6981	11.7163	11.7345	11.7526
Woodie	11.4007	11.5024	11.5990	11.7007	11.7973	11.8990	11.9956
Fibonacci	11.5033	11.5791	11.6259	11.7016	11.7774	11.8242	11.8999

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.9121	11.1234	11.4577	11.6690	12.0033	12.2146	12.5489
Camarilla	11.6419	11.6919	11.7419	11.7919	11.8419	11.8919	11.9419
Woodie	10.9735	11.1542	11.5191	11.6998	12.0647	12.2454	12.6103
Fibonacci	11.1234	11.3319	11.4606	11.6690	11.8775	12.0062	12.2146

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):	69.07
MACD (12,26,9):	0.0163
Directional Movement:	12.9205
AROON (14):	64.2857
DEMA (21):	11.7195
Parabolic SAR (0,02-0,02-0,2):	11.6785
Elder Ray (13):	0.0287
Super Trend (3,10):	11.6849
Zig ZAG (10):	11.7338
VORTEX (21):	1.0732
Stochastique (14,3,5):	85.42
TEMA (21):	11.7316
Williams %R (14):	-16.51
Chande Momentum Oscillator (20):	0.0669
Repulse (5,40,3):	-0.0529
ROCnROLL:	1
TRIX (15,9):	0.0132
Courbe Coppock:	0.77

MA7:	11.7132
MA20:	11.7423
MA50:	11.7752
MA100:	11.7821
MAexp7:	11.7219
MAexp20:	11.7006
MAexp50:	11.6878
MAexp100:	11.6968
Price / MA7:	+0.16%
Price / MA20:	-0.08%
Price / MA50:	-0.36%
Price / MA100:	-0.42%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.38%
Price / MAexp100:	+0.31%

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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