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EUR/SEK
EUR SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURSEK
ISIN:

EUR/SEK - 1H - Technical analysis published on 06/06/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 11.5821 SEK
My targets
11.6645 SEK (+0.0394)
11.6856 SEK (+0.0605)
My analysis
A bullish trend on EUR/SEK both in substance and in the short term. A purchase could be considered as long as the price remains above 11.5821 SEK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 11.6645 SEK. Then the price could move towards 11.6856 SEK. Be careful, a return below 11.5821 SEK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/SEK price is 11.6251 SEK. On the day, this instrument gained +0.00% and was traded between 11.6232 SEK and 11.6256 SEK over the period. The price is currently at +0.02% from its lowest and +0.00% from its highest.

11.6232
11.6256
11.6251

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/SEK in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 11.5446 11.5821 11.6198 11.6251 11.6645 11.6856
Change (%) -0.69% -0.37% -0.05% - +0.34% +0.52%
Change -0.0805 -0.0430 -0.0053 - +0.0394 +0.0605
Level Minor Intermediate Intermediate - Minor 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
Standard11.471011.516111.570711.615811.670411.715511.7701
Camarilla11.597911.607011.616211.625311.634411.643611.6527
Woodie11.475811.518511.575511.618211.675211.717911.7749
Fibonacci11.516111.554211.577711.615811.653911.677411.7155


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.305711.407211.485511.587011.665311.766811.8451
Camarilla11.514311.530711.547211.563711.580211.596711.6132
Woodie11.294011.401411.473811.581211.653611.761011.8334
Fibonacci11.407211.475911.518411.587011.655711.698211.7668


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.747710.954611.274711.481611.801712.008612.3287
Camarilla11.449811.498111.546411.594711.643011.691311.7396
Woodie10.804210.982911.331211.509911.858212.036912.3852
Fibonacci10.954611.156011.280311.481611.683011.807312.0086

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.12
MACD (12,26,9): 0.0096
Directional Movement: 12.7804
AROON (14): -42.8571
DEMA (21): 11.6362
Parabolic SAR (0,02-0,02-0,2): 11.6189
Elder Ray (13): -0.0024
Super Trend (3,10): 11.6021
Zig ZAG (10): 11.6258
VORTEX (21): 1.1344
Stochastique (14,3,5): 29.36
TEMA (21): 11.6405
Williams %R (14): -83.18
Chande Momentum Oscillator (20): -0.0147
Repulse (5,40,3): -0.0628
ROCnROLL: -1
TRIX (15,9): 0.0160
Courbe Coppock: 0.23
MA7: 11.6089
MA20: 11.4423
MA50: 11.3702
MA100: 11.2839
MAexp7: 11.6293
MAexp20: 11.6228
MAexp50: 11.6116
MAexp100: 11.6055
Price / MA7: +0.14%
Price / MA20: +1.60%
Price / MA50: +2.24%
Price / MA100: +3.02%
Price / MAexp7: -0.04%
Price / MAexp20: +0.02%
Price / MAexp50: +0.12%
Price / MAexp100: +0.17%

Quotes : - Real time data - Forex

News


The last news published on EUR/SEK at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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Londinia AI

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