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

JPY/SEK - 1H - Technical analysis published on 11/16/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.07033 SEK
My targets
0.06957 SEK (-0.00048)
0.06797 SEK (-0.00208)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.07033 SEK remains possible. It is advisable to trade JPY/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.07033 SEK. The next bearish objective for sellers is set at 0.06957 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.06797 SEK. In case of crossing, the next objective would be the support located at 0.06117 SEK. PS: if there is a bullish break in the resistance located at 0.07033 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2

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.

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

Additional analysis

Quotes

JPY/SEK rating 0.07005 SEK. On the day, this instrument gained +0.52% with the lowest point at 0.06967 SEK and the highest point at 0.07006 SEK. The deviation from the price is +0.55% for the low point and -0.01% for the high point.

0.06967
0.07006
0.07005

Here is a more detailed summary of the historical variations registered by JPY/SEK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


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 JPY/SEK indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.06117 0.06797 0.06957 0.07005 0.07033 0.07140 0.07179
Change (%) -12.68% -2.97% -0.69% - +0.40% +1.93% +2.48%
Change -0.00888 -0.00208 -0.00048 - +0.00028 +0.00135 +0.00174
Level Intermediate Minor Intermediate - Minor Minor Intermediate



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
Standard0.068500.069040.069360.069900.070220.070760.07108
Camarilla0.069450.069530.069610.069690.069770.069850.06993
Woodie0.068400.068990.069260.069850.070120.070710.07098
Fibonacci0.069040.069370.069570.069900.070230.070430.07076


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.070080.070940.071420.072280.072760.073620.07410
Camarilla0.071540.071660.071790.071910.072030.072160.07228
Woodie0.069900.070850.071240.072190.072580.073530.07392
Fibonacci0.070940.071450.071770.072280.072790.073110.07362


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.070050.071380.072610.073940.075170.076500.07773
Camarilla0.073130.073360.073600.073830.074070.074300.07453
Woodie0.069990.071360.072550.073920.075110.076480.07767
Fibonacci0.071380.072360.072970.073940.074920.075530.07650

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): 49.22
MACD (12,26,9): -0.0002
Directional Movement: 0.77786
AROON (14): -28.57143
DEMA (21): 0.06971
Parabolic SAR (0,02-0,02-0,2): 0.06965
Elder Ray (13): 0.00015
Super Trend (3,10): 0.06964
Zig ZAG (10): 0.07004
VORTEX (21): 0.9218
Stochastique (14,3,5): 71.95
TEMA (21): 0.06981
Williams %R (14): -22.03
Chande Momentum Oscillator (20): 0.00031
Repulse (5,40,3): 0.2661
ROCnROLL: -1
TRIX (15,9): -0.0472
Courbe Coppock: 0.56
MA7: 0.07113
MA20: 0.07282
MA50: 0.07370
MA100: 0.07422
MAexp7: 0.06990
MAexp20: 0.06995
MAexp50: 0.07038
MAexp100: 0.07095
Price / MA7: -1.52%
Price / MA20: -3.80%
Price / MA50: -4.95%
Price / MA100: -5.62%
Price / MAexp7: +0.21%
Price / MAexp20: +0.14%
Price / MAexp50: -0.47%
Price / MAexp100: -1.27%

Quotes : - Real time data - Forex

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

About author

Londinia
Londinia AI

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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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