CHF/SEK - 1H - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 10.1705 SEK
My targets
10.2331 SEK (+0.0560)
My analysis
The bullish trend is currently very strong on CHF/SEK. As long as the price remains above the support at 10.1705 SEK, you could try to benefit from the boom. The first bullish objective is located at 10.2331 SEK. The bullish momentum would be boosted by a break in this resistance. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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
CHF/SEK rating 10.1771 SEK. On the day, this instrument gained -0.19% and was traded between 10.1055 SEK and 10.2048 SEK over the period. The price is currently at +0.71% from its lowest and -0.27% from its highest.10.1055
10.2048
10.1771
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SEK chart shows a strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel 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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.9759 | 10.0184 | 10.0709 | 10.1771 | 10.1809 | 10.2331 |
| Change (%) | -1.98% | -1.56% | -1.04% | - | +0.04% | +0.55% |
| Change | -0.2012 | -0.1587 | -0.1062 | - | +0.0038 | +0.0560 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9179 | 9.9883 | 10.0924 | 10.1628 | 10.2669 | 10.3373 | 10.4414 |
| Camarilla | 10.1486 | 10.1646 | 10.1806 | 10.1966 | 10.2126 | 10.2286 | 10.2446 |
| Woodie | 9.9349 | 9.9967 | 10.1094 | 10.1712 | 10.2839 | 10.3457 | 10.4584 |
| Fibonacci | 9.9883 | 10.0549 | 10.0961 | 10.1628 | 10.2294 | 10.2706 | 10.3373 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6781 | 9.7533 | 9.8867 | 9.9619 | 10.0953 | 10.1705 | 10.3039 |
| Camarilla | 9.9627 | 9.9819 | 10.0010 | 10.0201 | 10.0392 | 10.0583 | 10.0775 |
| Woodie | 9.7072 | 9.7679 | 9.9158 | 9.9765 | 10.1244 | 10.1851 | 10.3330 |
| Fibonacci | 9.7533 | 9.8330 | 9.8822 | 9.9619 | 10.0416 | 10.0908 | 10.1705 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5318 | 9.6756 | 9.8097 | 9.9535 | 10.0876 | 10.2314 | 10.3655 |
| Camarilla | 9.8675 | 9.8930 | 9.9184 | 9.9439 | 9.9694 | 9.9949 | 10.0203 |
| Woodie | 9.5271 | 9.6732 | 9.8050 | 9.9511 | 10.0829 | 10.2290 | 10.3608 |
| Fibonacci | 9.6756 | 9.7817 | 9.8473 | 9.9535 | 10.0596 | 10.1252 | 10.2314 |
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): | 58.59 | |
| MACD (12,26,9): | 0.0114 | |
| Directional Movement: | 7.8185 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 10.1709 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1075 | |
| Elder Ray (13): | 0.0299 | |
| Super Trend (3,10): | 10.0777 | |
| Zig ZAG (10): | 10.1796 | |
| VORTEX (21): | 1.0776 | |
| Stochastique (14,3,5): | 73.68 | |
| TEMA (21): | 10.1573 | |
| Williams %R (14): | -32.02 | |
| Chande Momentum Oscillator (20): | 0.0045 | |
| Repulse (5,40,3): | 0.0911 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.60 |
| MA7: | 10.0182 | |
| MA20: | 9.9617 | |
| MA50: | 9.8787 | |
| MA100: | 9.7712 | |
| MAexp7: | 10.1621 | |
| MAexp20: | 10.1549 | |
| MAexp50: | 10.1171 | |
| MAexp100: | 10.0647 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +2.16% | |
| Price / MA50: | +3.02% | |
| Price / MA100: | +4.15% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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