CHF/SEK - 1H - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 9.8298 SEK
My targets
9.7879 SEK (-0.0197)
9.7741 SEK (-0.0335)
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 9.8298 SEK. The next support located at 9.7879 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 9.7741 SEK. Below this support, sellers could then target 9.7318 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 neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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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 9.8076 SEK. The price registered a decrease of -0.10% on the session with the lowest point at 9.8027 SEK and the highest point at 9.8255 SEK. The deviation from the price is +0.05% for the low point and -0.18% for the high point.9.8027
9.8255
9.8076
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SEK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.7741 | 9.7879 | 9.8020 | 9.8076 | 9.8298 | 9.8469 | 9.9483 |
| Change (%) | -0.34% | -0.20% | -0.06% | - | +0.23% | +0.40% | +1.43% |
| Change | -0.0335 | -0.0197 | -0.0056 | - | +0.0222 | +0.0393 | +0.1407 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7250 | 9.7495 | 9.7835 | 9.8080 | 9.8420 | 9.8665 | 9.9005 |
| Camarilla | 9.8014 | 9.8068 | 9.8121 | 9.8175 | 9.8229 | 9.8282 | 9.8336 |
| Woodie | 9.7298 | 9.7519 | 9.7883 | 9.8104 | 9.8468 | 9.8689 | 9.9053 |
| Fibonacci | 9.7495 | 9.7719 | 9.7857 | 9.8080 | 9.8304 | 9.8442 | 9.8665 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6458 | 9.6888 | 9.7609 | 9.8039 | 9.8760 | 9.9190 | 9.9911 |
| Camarilla | 9.8014 | 9.8119 | 9.8225 | 9.8330 | 9.8436 | 9.8541 | 9.8647 |
| Woodie | 9.6604 | 9.6961 | 9.7755 | 9.8112 | 9.8906 | 9.9263 | 10.0057 |
| Fibonacci | 9.6888 | 9.7328 | 9.7599 | 9.8039 | 9.8479 | 9.8750 | 9.9190 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2951 | 9.3787 | 9.5279 | 9.6115 | 9.7607 | 9.8443 | 9.9935 |
| Camarilla | 9.6132 | 9.6345 | 9.6559 | 9.6772 | 9.6985 | 9.7199 | 9.7412 |
| Woodie | 9.3280 | 9.3951 | 9.5608 | 9.6279 | 9.7936 | 9.8607 | 10.0264 |
| Fibonacci | 9.3787 | 9.4676 | 9.5225 | 9.6115 | 9.7004 | 9.7553 | 9.8443 |
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): | 40.47 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -7.9699 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 9.8116 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.8283 | |
| Elder Ray (13): | -0.0059 | |
| Super Trend (3,10): | 9.8322 | |
| Zig ZAG (10): | 9.8067 | |
| VORTEX (21): | 0.9717 | |
| Stochastique (14,3,5): | 22.63 | |
| TEMA (21): | 9.8127 | |
| Williams %R (14): | -68.86 | |
| Chande Momentum Oscillator (20): | -0.0083 | |
| Repulse (5,40,3): | -0.0646 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.09 |
| MA7: | 9.8230 | |
| MA20: | 9.7440 | |
| MA50: | 9.6693 | |
| MA100: | 9.7336 | |
| MAexp7: | 9.8120 | |
| MAexp20: | 9.8138 | |
| MAexp50: | 9.8170 | |
| MAexp100: | 9.8171 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +0.76% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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