CHF/SEK - 1H - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 9.7546 SEK
My targets
9.7330 SEK (-0.00%)
9.7049 SEK (-0.29%)
My analysis
CHF/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.7546 SEK. The next support located at 9.7330 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.7049 SEK. Below this support, sellers could then target 9.6879 SEK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SEK rating is 9.7334 SEK. The price is lower by -0.12% since the last closing and was between 9.7145 SEK and 9.7604 SEK. This implies that the price is at +0.19% from its lowest and at -0.28% from its highest.9.7145
9.7604
9.7334
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.6879 | 9.7049 | 9.7330 | 9.7334 | 9.7546 | 9.7953 | 9.8225 |
| Change (%) | -0.47% | -0.29% | -0.00% | - | +0.22% | +0.64% | +0.92% |
| Change | -0.0455 | -0.0285 | -0.0004 | - | +0.0212 | +0.0619 | +0.0891 |
| Level | Minor | Intermediate | Major | - | 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 | 9.6536 | 9.6913 | 9.7182 | 9.7559 | 9.7828 | 9.8205 | 9.8474 |
| Camarilla | 9.7274 | 9.7334 | 9.7393 | 9.7452 | 9.7511 | 9.7570 | 9.7630 |
| Woodie | 9.6483 | 9.6886 | 9.7129 | 9.7532 | 9.7775 | 9.8178 | 9.8421 |
| Fibonacci | 9.6913 | 9.7159 | 9.7312 | 9.7559 | 9.7805 | 9.7958 | 9.8205 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5456 | 9.6334 | 9.6893 | 9.7771 | 9.8330 | 9.9208 | 9.9767 |
| Camarilla | 9.7057 | 9.7189 | 9.7320 | 9.7452 | 9.7584 | 9.7715 | 9.7847 |
| Woodie | 9.5297 | 9.6254 | 9.6734 | 9.7691 | 9.8171 | 9.9128 | 9.9608 |
| Fibonacci | 9.6334 | 9.6883 | 9.7222 | 9.7771 | 9.8320 | 9.8659 | 9.9208 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2350 | 9.4423 | 9.6121 | 9.8194 | 9.9892 | 10.1965 | 10.3663 |
| Camarilla | 9.6782 | 9.7128 | 9.7473 | 9.7819 | 9.8165 | 9.8510 | 9.8856 |
| Woodie | 9.2163 | 9.4329 | 9.5934 | 9.8100 | 9.9705 | 10.1871 | 10.3476 |
| Fibonacci | 9.4423 | 9.5864 | 9.6754 | 9.8194 | 9.9635 | 10.0525 | 10.1965 |
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): | 47.43 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -0.5183 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 9.7286 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6986 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 9.6960 | |
| Zig ZAG (10): | 9.7318 | |
| VORTEX (21): | 0.8933 | |
| Stochastique (14,3,5): | 71.88 | |
| TEMA (21): | 9.7348 | |
| Williams %R (14): | -40.39 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.1275 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0111 | |
| Courbe Coppock: | 0.03 |
| MA7: | 9.7668 | |
| MA20: | 9.7456 | |
| MA50: | 9.7974 | |
| MA100: | 9.7559 | |
| MAexp7: | 9.7356 | |
| MAexp20: | 9.7367 | |
| MAexp50: | 9.7532 | |
| MAexp100: | 9.7643 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -0.23% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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