CHF/SEK

- SEK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CHFSEK
ISIN:

CHF/SEK - 1H - Technical analysis published on 07/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 11.9717 SEK

My targets

12.1123 SEK (+0.0887)

12.1791 SEK (+0.1555)

My analysis

The bullish trend is currently very strong on CHF/SEK. As long as the price remains above the support at 11.9717 SEK, you could try to benefit from the boom. The first bullish objective is located at 12.1123 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.1791 SEK as an objective. Crossing it would then enable buyers to target 12.4925 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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

8.8

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 12.0236 SEK. The price registered an increase of +0.70% on the session with the lowest point at 11.9341 SEK and the highest point at 12.0291 SEK. The deviation from the price is +0.75% for the low point and -0.05% for the high point.

11.9341

12.0291

12.0236

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CHF/SEK:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHF/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI 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

Pivot points : price is over resistance 3

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 : 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	11.8218	11.9354	11.9717	12.0236	12.0295	12.1123	12.1791
Change (%)	-1.68%	-0.73%	-0.43%	-	+0.05%	+0.74%	+1.29%
Change	-0.2018	-0.0882	-0.0519	-	+0.0059	+0.0887	+0.1555
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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	11.5955	11.6773	11.8089	11.8907	12.0223	12.1041	12.2357
Camarilla	11.8817	11.9013	11.9208	11.9404	11.9600	11.9795	11.9991
Woodie	11.6203	11.6898	11.8337	11.9032	12.0471	12.1166	12.2605
Fibonacci	11.6773	11.7589	11.8092	11.8907	11.9723	12.0226	12.1041

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.5244	11.5900	11.6780	11.7436	11.8316	11.8972	11.9852
Camarilla	11.7239	11.7379	11.7520	11.7661	11.7802	11.7943	11.8083
Woodie	11.5357	11.5956	11.6893	11.7492	11.8429	11.9028	11.9965
Fibonacci	11.5900	11.6486	11.6849	11.7436	11.8022	11.8385	11.8972

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.20
MACD (12,26,9):	0.0191
Directional Movement:	6.1136
AROON (14):	78.5714
DEMA (21):	12.0006
Parabolic SAR (0,02-0,02-0,2):	11.9341
Elder Ray (13):	0.0245
Super Trend (3,10):	11.9448
Zig ZAG (10):	12.0100
VORTEX (21):	1.1108
Stochastique (14,3,5):	83.70
TEMA (21):	12.0067
Williams %R (14):	-17.80
Chande Momentum Oscillator (20):	0.0659
Repulse (5,40,3):	0.0571
ROCnROLL:	1
TRIX (15,9):	0.0179
Courbe Coppock:	0.93

MA7:	11.8675
MA20:	11.7850
MA50:	11.7549
MA100:	11.7925
MAexp7:	11.9992
MAexp20:	11.9772
MAexp50:	11.9459
MAexp100:	11.9045
Price / MA7:	+1.32%
Price / MA20:	+2.02%
Price / MA50:	+2.29%
Price / MA100:	+1.96%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.39%
Price / MAexp50:	+0.65%
Price / MAexp100:	+1.00%

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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Londinia AI

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