USD/SEK - 1H - Technical analysis published on 11/21/2023 (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 bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10.4312 SEK
My targets
10.5104 SEK (+0.0303)
10.6024 SEK (+0.1223)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/SEK as long as the price remains well above 10.4312 SEK. The buyers' bullish objective is set at 10.5104 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.6024 SEK. If there is any crossing, the next objective would be the resistance located at 10.7303 SEK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 10.5104 SEK. On this resistance, against the trend traders who would like to go short on USD/SEK with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/SEK price is 10.4801 SEK. The price registered an increase of +0.37% on the session and was between 10.3749 SEK and 10.4815 SEK. This implies that the price is at +1.01% from its lowest and at -0.01% from its highest.10.3749
10.4815
10.4801
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/SEK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/SEK in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned 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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1638 | 10.3387 | 10.4312 | 10.4801 | 10.5104 | 10.6024 | 10.7303 |
| Change (%) | -3.02% | -1.35% | -0.47% | - | +0.29% | +1.17% | +2.39% |
| Change | -0.3163 | -0.1414 | -0.0489 | - | +0.0303 | +0.1223 | +0.2502 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 10.2893 | 10.3630 | 10.4024 | 10.4761 | 10.5155 | 10.5892 | 10.6286 |
| Camarilla | 10.4108 | 10.4212 | 10.4315 | 10.4419 | 10.4523 | 10.4626 | 10.4730 |
| Woodie | 10.2723 | 10.3544 | 10.3854 | 10.4675 | 10.4985 | 10.5806 | 10.6116 |
| Fibonacci | 10.3630 | 10.4062 | 10.4329 | 10.4761 | 10.5193 | 10.5460 | 10.5892 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9250 | 10.2017 | 10.3625 | 10.6392 | 10.8000 | 11.0767 | 11.2375 |
| Camarilla | 10.4029 | 10.4430 | 10.4831 | 10.5232 | 10.5633 | 10.6034 | 10.6435 |
| Woodie | 9.8670 | 10.1727 | 10.3045 | 10.6102 | 10.7420 | 11.0477 | 11.1795 |
| Fibonacci | 10.2017 | 10.3689 | 10.4721 | 10.6392 | 10.8064 | 10.9096 | 11.0767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5595 | 10.7036 | 10.9387 | 11.0828 | 11.3179 | 11.4620 | 11.6971 |
| Camarilla | 11.0695 | 11.1043 | 11.1390 | 11.1738 | 11.2086 | 11.2433 | 11.2781 |
| Woodie | 10.6050 | 10.7264 | 10.9842 | 11.1056 | 11.3634 | 11.4848 | 11.7426 |
| Fibonacci | 10.7036 | 10.8485 | 10.9380 | 11.0828 | 11.2277 | 11.3172 | 11.4620 |
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): | 62.58 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 2.8314 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 10.4348 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4030 | |
| Elder Ray (13): | 0.0321 | |
| Super Trend (3,10): | 10.4041 | |
| Zig ZAG (10): | 10.4782 | |
| VORTEX (21): | 1.0555 | |
| Stochastique (14,3,5): | 94.31 | |
| TEMA (21): | 10.4507 | |
| Williams %R (14): | -2.46 | |
| Chande Momentum Oscillator (20): | 0.0654 | |
| Repulse (5,40,3): | 0.3854 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0152 | |
| Courbe Coppock: | 0.44 |
| MA7: | 10.5714 | |
| MA20: | 10.8739 | |
| MA50: | 10.9713 | |
| MA100: | 10.8545 | |
| MAexp7: | 10.4523 | |
| MAexp20: | 10.4414 | |
| MAexp50: | 10.4664 | |
| MAexp100: | 10.5223 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -3.62% | |
| Price / MA50: | -4.48% | |
| Price / MA100: | -3.45% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.40% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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