GBP/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - 1H - Technical analysis published on 01/05/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 12.9770 SEK

My targets

13.0411 SEK (+0.0213)

13.0926 SEK (+0.0728)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/SEK as long as the price remains well above 12.9770 SEK. The buyers' bullish objective is set at 13.0411 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.0926 SEK. If there is any crossing, the next objective would be the resistance located at 13.2906 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Comment on the analysis

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.

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

Additional analysis

Quotes

GBP/SEK rating 13.0198 SEK. The price registered an increase of +0.54% on the session and was between 12.9419 SEK and 13.0267 SEK. This implies that the price is at +0.60% from its lowest and at -0.05% from its highest.

12.9419

13.0267

13.0198

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/SEK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.9019	12.9770	13.0134	13.0198	13.0411	13.0926	13.2906
Change (%)	-0.91%	-0.33%	-0.05%	-	+0.16%	+0.56%	+2.08%
Change	-0.1179	-0.0428	-0.0064	-	+0.0213	+0.0728	+0.2708
Level	Minor	Minor	Minor	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.8223	12.8842	12.9170	12.9789	13.0117	13.0736	13.1064
Camarilla	12.9239	12.9325	12.9412	12.9499	12.9586	12.9673	12.9759
Woodie	12.8079	12.8769	12.9026	12.9716	12.9973	13.0663	13.0920
Fibonacci	12.8842	12.9203	12.9427	12.9789	13.0150	13.0374	13.0736

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.5342	12.6044	12.7262	12.7964	12.9182	12.9884	13.1102
Camarilla	12.7952	12.8128	12.8304	12.8480	12.8656	12.8832	12.9008
Woodie	12.5600	12.6173	12.7520	12.8093	12.9440	13.0013	13.1360
Fibonacci	12.6044	12.6777	12.7231	12.7964	12.8697	12.9151	12.9884

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.0131	12.3439	12.5959	12.9267	13.1787	13.5095	13.7615
Camarilla	12.6877	12.7412	12.7946	12.8480	12.9014	12.9549	13.0083
Woodie	11.9738	12.3242	12.5566	12.9070	13.1394	13.4898	13.7222
Fibonacci	12.3439	12.5665	12.7040	12.9267	13.1493	13.2868	13.5095

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):	67.49
MACD (12,26,9):	0.0089
Directional Movement:	8.3819
AROON (14):	71.4286
DEMA (21):	12.9922
Parabolic SAR (0,02-0,02-0,2):	12.9709
Elder Ray (13):	0.0297
Super Trend (3,10):	12.9553
Zig ZAG (10):	13.0182
VORTEX (21):	1.1243
Stochastique (14,3,5):	91.90
TEMA (21):	12.9974
Williams %R (14):	-9.43
Chande Momentum Oscillator (20):	0.0708
Repulse (5,40,3):	0.2037
ROCnROLL:	1
TRIX (15,9):	-0.0009
Courbe Coppock:	0.56

MA7:	12.8963
MA20:	12.9243
MA50:	13.1336
MA100:	13.3861
MAexp7:	13.0005
MAexp20:	12.9842
MAexp50:	12.9668
MAexp100:	12.9242
Price / MA7:	+0.96%
Price / MA20:	+0.74%
Price / MA50:	-0.87%
Price / MA100:	-2.74%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.74%

Quotes : - Real time data - Forex

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

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