EUR/SEK - 1H - Technical analysis published on 07/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
50%
28%
My opinion
Bearish under 11.8974 SEK
My targets
11.8510 SEK (-0.0198)
11.8150 SEK (-0.0558)
My analysis
The strong short-term decrease of EUR/SEK should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 11.8974 SEK, a sale could be considered. The first bearish objective is located at 11.8510 SEK. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 11.8150 SEK. If there is any crossing, the next objective would be support 11.7811 SEK. Caution, if there is a return to above 11.8974 SEK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/SEK price is 11.8708 SEK. The price registered a decrease of -0.02% on the session with the lowest point at 11.8541 SEK and the highest point at 11.9086 SEK. The deviation from the price is +0.14% for the low point and -0.32% for the high point.11.8541
11.9086
11.8708
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/SEK:
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 this 1H chart of EUR/SEK indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.7811 | 11.8150 | 11.8510 | 11.8708 | 11.8974 | 11.9180 | 11.9414 |
| Change (%) | -0.76% | -0.47% | -0.17% | - | +0.22% | +0.40% | +0.59% |
| Change | -0.0897 | -0.0558 | -0.0198 | - | +0.0266 | +0.0472 | +0.0706 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7544 | 11.8093 | 11.8410 | 11.8959 | 11.9276 | 11.9825 | 12.0142 |
| Camarilla | 11.8489 | 11.8568 | 11.8648 | 11.8727 | 11.8806 | 11.8886 | 11.8965 |
| Woodie | 11.7428 | 11.8035 | 11.8294 | 11.8901 | 11.9160 | 11.9767 | 12.0026 |
| Fibonacci | 11.8093 | 11.8424 | 11.8628 | 11.8959 | 11.9290 | 11.9494 | 11.9825 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5736 | 11.6646 | 11.7687 | 11.8597 | 11.9638 | 12.0548 | 12.1589 |
| Camarilla | 11.8191 | 11.8369 | 11.8548 | 11.8727 | 11.8906 | 11.9085 | 11.9264 |
| Woodie | 11.5801 | 11.6679 | 11.7752 | 11.8630 | 11.9703 | 12.0581 | 12.1654 |
| Fibonacci | 11.6646 | 11.7392 | 11.7852 | 11.8597 | 11.9343 | 11.9803 | 12.0548 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1956 | 11.3405 | 11.5613 | 11.7062 | 11.9270 | 12.0719 | 12.2927 |
| Camarilla | 11.6816 | 11.7152 | 11.7487 | 11.7822 | 11.8157 | 11.8493 | 11.8828 |
| Woodie | 11.2337 | 11.3595 | 11.5994 | 11.7252 | 11.9651 | 12.0909 | 12.3308 |
| Fibonacci | 11.3405 | 11.4802 | 11.5665 | 11.7062 | 11.8459 | 11.9322 | 12.0719 |
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): | 44.53 | |
| MACD (12,26,9): | -0.0056 | |
| Directional Movement: | 1.1923 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 11.8715 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8894 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 11.9171 | |
| Zig ZAG (10): | 11.8700 | |
| VORTEX (21): | 0.9062 | |
| Stochastique (14,3,5): | 26.67 | |
| TEMA (21): | 11.8674 | |
| Williams %R (14): | -70.83 | |
| Chande Momentum Oscillator (20): | -0.0330 | |
| Repulse (5,40,3): | -0.0368 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0068 | |
| Courbe Coppock: | 0.21 |
| MA7: | 11.8463 | |
| MA20: | 11.7466 | |
| MA50: | 11.5682 | |
| MA100: | 11.4124 | |
| MAexp7: | 11.8725 | |
| MAexp20: | 11.8786 | |
| MAexp50: | 11.8808 | |
| MAexp100: | 11.8643 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | +2.62% | |
| Price / MA100: | +4.02% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.06% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/SEK at the time of the analysis were as follows:
-
EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
-
EUR/SEK to Grind Lower
-
Danske Bank On EUR/SEK
-
Nordea on EUR/SEK
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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