CHF/SEK - 1H - Technical analysis published on 12/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 12.3145 SEK
My targets
12.2525 SEK (-0.0445)
12.1333 SEK (-0.1637)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/SEK as long as the price remains well below 12.3145 SEK. The next bearish objective for sellers is set at 12.2525 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.1333 SEK. If there is any crossing, the next objective would be the support located at 11.9585 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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 12.2970 SEK. On the day, this instrument lost -0.03% with the lowest point at 12.2927 SEK and the highest point at 12.3283 SEK. The deviation from the price is +0.03% for the low point and -0.25% for the high point.12.2927
12.3283
12.2970
Here is a more detailed summary of the historical variations registered by CHF/SEK:
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
A technical analysis in 1H of this CHF/SEK chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.8203 | 11.9585 | 12.2525 | 12.2970 | 12.3145 | 12.3561 | 12.3848 |
| Change (%) | -3.88% | -2.75% | -0.36% | - | +0.14% | +0.48% | +0.71% |
| Change | -0.4767 | -0.3385 | -0.0445 | - | +0.0175 | +0.0591 | +0.0878 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | 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 | 12.1499 | 12.2041 | 12.2525 | 12.3067 | 12.3551 | 12.4093 | 12.4577 |
| Camarilla | 12.2728 | 12.2822 | 12.2916 | 12.3010 | 12.3104 | 12.3198 | 12.3292 |
| Woodie | 12.1471 | 12.2027 | 12.2497 | 12.3053 | 12.3523 | 12.4079 | 12.4549 |
| Fibonacci | 12.2041 | 12.2433 | 12.2675 | 12.3067 | 12.3459 | 12.3701 | 12.4093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0085 | 12.1333 | 12.2172 | 12.3420 | 12.4259 | 12.5507 | 12.6346 |
| Camarilla | 12.2436 | 12.2627 | 12.2819 | 12.3010 | 12.3201 | 12.3393 | 12.3584 |
| Woodie | 11.9880 | 12.1231 | 12.1967 | 12.3318 | 12.4054 | 12.5405 | 12.6141 |
| Fibonacci | 12.1333 | 12.2131 | 12.2623 | 12.3420 | 12.4218 | 12.4710 | 12.5507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.8863 | 12.0571 | 12.2137 | 12.3845 | 12.5411 | 12.7119 | 12.8685 |
| Camarilla | 12.2804 | 12.3104 | 12.3404 | 12.3704 | 12.4004 | 12.4304 | 12.4604 |
| Woodie | 11.8793 | 12.0536 | 12.2067 | 12.3810 | 12.5341 | 12.7084 | 12.8615 |
| Fibonacci | 12.0571 | 12.1821 | 12.2594 | 12.3845 | 12.5095 | 12.5868 | 12.7119 |
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): | 47.84 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | 3.6609 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 12.3053 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.3274 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 12.3234 | |
| Zig ZAG (10): | 12.3077 | |
| VORTEX (21): | 1.1252 | |
| Stochastique (14,3,5): | 52.43 | |
| TEMA (21): | 12.3143 | |
| Williams %R (14): | -53.93 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | 0.0168 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0053 | |
| Courbe Coppock: | 0.17 |
| MA7: | 12.3799 | |
| MA20: | 12.3915 | |
| MA50: | 12.3091 | |
| MA100: | 12.2048 | |
| MAexp7: | 12.3121 | |
| MAexp20: | 12.3108 | |
| MAexp50: | 12.3274 | |
| MAexp100: | 12.3531 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | +0.76% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.45% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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