CHF/SEK - 1H - Technical analysis published on 03/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 10.3930 SEK
My targets
10.2385 SEK (-0.0864)
10.1808 SEK (-0.1441)
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 10.3930 SEK. The sellers” bearish objective is set at 10.2385 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.1808 SEK. In case of crossing, the next objective would be the support located at 10.0184 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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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 10.3249 SEK. On the day, this instrument lost -0.13% with the lowest point at 10.2717 SEK and the highest point at 10.4318 SEK. The deviation from the price is +0.52% for the low point and -1.02% for the high point.10.2717
10.4318
10.3249
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CHF/SEK in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9.8973 | 10.0184 | 10.2385 | 10.3249 | 10.3286 | 10.3930 | 10.5703 |
Change (%) | -4.14% | -2.97% | -0.84% | - | +0.04% | +0.66% | +2.38% |
Change | -0.4276 | -0.3065 | -0.0864 | - | +0.0037 | +0.0681 | +0.2454 |
Level | Intermediate | Major | Major | - | Minor | Intermediate | Major |
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 | 10.0644 | 10.1498 | 10.2439 | 10.3293 | 10.4234 | 10.5088 | 10.6029 |
Camarilla | 10.2885 | 10.3050 | 10.3215 | 10.3379 | 10.3544 | 10.3708 | 10.3873 |
Woodie | 10.0687 | 10.1520 | 10.2482 | 10.3315 | 10.4277 | 10.5110 | 10.6072 |
Fibonacci | 10.1498 | 10.2184 | 10.2608 | 10.3293 | 10.3979 | 10.4403 | 10.5088 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.5239 | 9.8369 | 10.1808 | 10.4938 | 10.8377 | 11.1507 | 11.4946 |
Camarilla | 10.3442 | 10.4044 | 10.4646 | 10.5248 | 10.5850 | 10.6452 | 10.7055 |
Woodie | 9.5395 | 9.8446 | 10.1964 | 10.5015 | 10.8533 | 11.1584 | 11.5102 |
Fibonacci | 9.8369 | 10.0878 | 10.2428 | 10.4938 | 10.7447 | 10.8997 | 11.1507 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.32 | |
MACD (12,26,9): | -0.0076 | |
Directional Movement: | -8.8310 | |
AROON (14): | -57.1429 | |
DEMA (21): | 10.3345 | |
Parabolic SAR (0,02-0,02-0,2): | 10.4255 | |
Elder Ray (13): | -0.0206 | |
Super Trend (3,10): | 10.4388 | |
Zig ZAG (10): | 10.3073 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 18.63 | |
TEMA (21): | 10.3347 | |
Williams %R (14): | -74.83 | |
Chande Momentum Oscillator (20): | -0.0382 | |
Repulse (5,40,3): | -0.1933 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0021 | |
Courbe Coppock: | 0.18 |
MA7: | 10.4441 | |
MA20: | 10.2240 | |
MA50: | 10.0295 | |
MA100: | 9.8472 | |
MAexp7: | 10.3291 | |
MAexp20: | 10.3410 | |
MAexp50: | 10.3598 | |
MAexp100: | 10.3912 | |
Price / MA7: | -1.14% | |
Price / MA20: | +0.99% | |
Price / MA50: | +2.95% | |
Price / MA100: | +4.85% | |
Price / MAexp7: | -0.04% | |
Price / MAexp20: | -0.16% | |
Price / MAexp50: | -0.34% | |
Price / MAexp100: | -0.64% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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