GBP/SEK

- SEK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - 1H - Technical analysis published on 02/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 13.1277 SEK

My targets

12.9853 SEK (-0.0985)

12.8485 SEK (-0.2353)

My analysis

The bearish basic trend is very strong on GBP/SEK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 13.1277 SEK. Crossing the first support at 12.9853 SEK would be a sign of a further potential price plummet. Sellers would then use the next support located at 12.8485 SEK as an objective. Crossing it would then enable sellers to target 12.6846 SEK. Caution, a return to above the resistance located at 13.1277 SEK would be a sign of a possible consolidation phase of the short-term basic trend. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.8

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 13.0838 SEK. The price is lower by -0.01% since the last closing and was traded between 13.0774 SEK and 13.1248 SEK over the period. The price is currently at +0.05% from its lowest and -0.31% from its highest.

13.0774

13.1248

13.0838

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/SEK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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 engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.6270	12.1350	12.6846	13.0838	13.0926	13.1277	13.1988
Change (%)	-11.13%	-7.25%	-3.05%	-	+0.07%	+0.34%	+0.88%
Change	-1.4568	-0.9488	-0.3992	-	+0.0088	+0.0439	+0.1150
Level	Minor	Major	Major	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.8311	12.9219	13.0035	13.0943	13.1759	13.2667	13.3483
Camarilla	13.0377	13.0535	13.0693	13.0851	13.1009	13.1167	13.1325
Woodie	12.8265	12.9196	12.9989	13.0920	13.1713	13.2644	13.3437
Fibonacci	12.9219	12.9878	13.0284	13.0943	13.1602	13.2008	13.2667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.8485	12.9853	13.0698	13.2066	13.2911	13.4279	13.5124
Camarilla	13.0935	13.1138	13.1341	13.1544	13.1747	13.1950	13.2153
Woodie	12.8225	12.9722	13.0438	13.1935	13.2651	13.4148	13.4864
Fibonacci	12.9853	13.0698	13.1220	13.2066	13.2911	13.3433	13.4279

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.3265	12.5598	12.8756	13.1089	13.4247	13.6580	13.9738
Camarilla	13.0404	13.0907	13.1411	13.1914	13.2417	13.2921	13.3424
Woodie	12.3678	12.5804	12.9169	13.1295	13.4660	13.6786	14.0151
Fibonacci	12.5598	12.7696	12.8991	13.1089	13.3187	13.4482	13.6580

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):	42.38
MACD (12,26,9):	-0.0083
Directional Movement:	-8.6855
AROON (14):	21.4285
DEMA (21):	13.0860
Parabolic SAR (0,02-0,02-0,2):	13.0516
Elder Ray (13):	-0.0070
Super Trend (3,10):	13.1433
Zig ZAG (10):	13.0843
VORTEX (21):	1.0022
Stochastique (14,3,5):	22.08
TEMA (21):	13.0893
Williams %R (14):	-85.23
Chande Momentum Oscillator (20):	-0.0142
Repulse (5,40,3):	-0.0979
ROCnROLL:	2
TRIX (15,9):	-0.0109
Courbe Coppock:	0.05

MA7:	13.1676
MA20:	13.2178
MA50:	13.1000
MA100:	13.2099
MAexp7:	13.0921
MAexp20:	13.0983
MAexp50:	13.1196
MAexp100:	13.1474
Price / MA7:	-0.64%
Price / MA20:	-1.01%
Price / MA50:	-0.12%
Price / MA100:	-0.95%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.27%
Price / MAexp100:	-0.48%

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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