CHF/SEK

- SEK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	CHFSEK
ISIN:

CHF/SEK - 1H - Technical analysis published on 10/03/2024 (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%

11%

My opinion

Bullish above 12.0337 SEK

My targets

12.1791 SEK (+0.0562)

12.2553 SEK (+0.1324)

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 12.0337 SEK. The next resistance located at 12.1791 SEK is the next bullish objective 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 12.2553 SEK. After this resistance, buyers could then target 12.3585 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

The CHF/SEK rating is 12.1229 SEK. The price registered an increase of +0.37% on the session and was between 12.0777 SEK and 12.1246 SEK. This implies that the price is at +0.37% from its lowest and at -0.01% from its highest.

12.0777

12.1246

12.1229

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:

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

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 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 overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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 : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.9992	12.0337	12.1145	12.1229	12.1791	12.2553	12.3585
Change (%)	-1.02%	-0.74%	-0.07%	-	+0.46%	+1.09%	+1.94%
Change	-0.1237	-0.0892	-0.0084	-	+0.0562	+0.1324	+0.2356
Level	Minor	Intermediate	Intermediate	-	Major	Minor	Minor

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	11.9220	11.9920	12.0351	12.1051	12.1482	12.2182	12.2613
Camarilla	12.0472	12.0576	12.0679	12.0783	12.0887	12.0990	12.1094
Woodie	11.9087	11.9853	12.0218	12.0984	12.1349	12.2115	12.2480
Fibonacci	11.9920	12.0352	12.0619	12.1051	12.1483	12.1750	12.2182

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.6938	11.7937	11.8980	11.9979	12.1022	12.2021	12.3064
Camarilla	11.9462	11.9649	11.9836	12.0023	12.0210	12.0397	12.0585
Woodie	11.6960	11.7948	11.9002	11.9990	12.1044	12.2032	12.3086
Fibonacci	11.7937	11.8717	11.9199	11.9979	12.0759	12.1241	12.2021

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4561	11.6749	11.8472	12.0660	12.2383	12.4571	12.6294
Camarilla	11.9121	11.9479	11.9838	12.0196	12.0555	12.0913	12.1272
Woodie	11.4330	11.6633	11.8241	12.0544	12.2152	12.4455	12.6063
Fibonacci	11.6749	11.8243	11.9166	12.0660	12.2154	12.3077	12.4571

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):	60.02
MACD (12,26,9):	0.0008
Directional Movement:	6.1221
AROON (14):	85.7143
DEMA (21):	12.0937
Parabolic SAR (0,02-0,02-0,2):	12.0696
Elder Ray (13):	0.0166
Super Trend (3,10):	12.1325
Zig ZAG (10):	12.1136
VORTEX (21):	0.9281
Stochastique (14,3,5):	93.05
TEMA (21):	12.0888
Williams %R (14):	-1.57
Chande Momentum Oscillator (20):	0.0387
Repulse (5,40,3):	0.1982
ROCnROLL:	1
TRIX (15,9):	-0.0048
Courbe Coppock:	0.14

MA7:	12.0415
MA20:	12.0712
MA50:	12.1065
MA100:	11.9418
MAexp7:	12.0973
MAexp20:	12.0934
MAexp50:	12.0825
MAexp100:	12.0561
Price / MA7:	+0.68%
Price / MA20:	+0.43%
Price / MA50:	+0.14%
Price / MA100:	+1.52%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.24%
Price / MAexp50:	+0.33%
Price / MAexp100:	+0.55%

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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