Londinia Opportunities Analyses - 05/06/2024 (GMT) USD/SEK - 1H

- SEK (-)

- Real time data - Forex

Type:	Forex
Ticker:	USDSEK
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 10.7844 SEK

My targets

10.7348 SEK (-0.0314)

10.5532 SEK (-0.2130)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/SEK as long as the price remains well below 10.7844 SEK. The sellers' bearish objective is set at 10.7348 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.5532 SEK. In case of crossing, the next objective would be the support located at 10.4312 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

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.

Additional analysis

Quotes

USD/SEK rating 10.7662 SEK. On the day, this instrument lost -0.50% and was between 10.7645 SEK and 10.8452 SEK. This implies that the price is at +0.02% from its lowest and at -0.73% from its highest.

10.7645

10.8452

10.7662

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

Bearish opening

Type : Bearish

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 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

A technical analysis in 1H of this USD/SEK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.2079	10.4312	10.7348	10.7662	10.7844	10.8089	10.8353
Change (%)	-5.19%	-3.11%	-0.29%	-	+0.17%	+0.40%	+0.64%
Change	-0.5583	-0.3350	-0.0314	-	+0.0182	+0.0427	+0.0691
Level	Minor	Major	Intermediate	-	Minor	Intermediate	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
Standard	10.6093	10.6720	10.7460	10.8087	10.8827	10.9454	11.0194
Camarilla	10.7823	10.7948	10.8074	10.8199	10.8324	10.8450	10.8575
Woodie	10.6149	10.6748	10.7516	10.8115	10.8883	10.9482	11.0250
Fibonacci	10.6720	10.7243	10.7565	10.8087	10.8610	10.8932	10.9454

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3715	10.5532	10.6865	10.8682	11.0015	11.1832	11.3165
Camarilla	10.7333	10.7622	10.7910	10.8199	10.8488	10.8777	10.9065
Woodie	10.3474	10.5411	10.6624	10.8561	10.9774	11.1711	11.2924
Fibonacci	10.5532	10.6735	10.7478	10.8682	10.9885	11.0628	11.1832

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1330	10.3150	10.6666	10.8486	11.2002	11.3822	11.7338
Camarilla	10.8716	10.9205	10.9694	11.0183	11.0672	11.1161	11.1650
Woodie	10.2179	10.3574	10.7515	10.8910	11.2851	11.4246	11.8187
Fibonacci	10.3150	10.5188	10.6447	10.8486	11.0524	11.1783	11.3822

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):	34.58
MACD (12,26,9):	-0.0100
Directional Movement:	-9.5733
AROON (14):	-28.5714
DEMA (21):	10.8019
Parabolic SAR (0,02-0,02-0,2):	10.8439
Elder Ray (13):	-0.0264
Super Trend (3,10):	10.8482
Zig ZAG (10):	10.7785
VORTEX (21):	0.9452
Stochastique (14,3,5):	9.74
TEMA (21):	10.8055
Williams %R (14):	-99.27
Chande Momentum Oscillator (20):	-0.0348
Repulse (5,40,3):	-0.4096
ROCnROLL:	2
TRIX (15,9):	-0.0102
Courbe Coppock:	0.08

MA7:	10.8941
MA20:	10.8648
MA50:	10.6187
MA100:	10.4758
MAexp7:	10.8008
MAexp20:	10.8153
MAexp50:	10.8415
MAexp100:	10.8723
Price / MA7:	-1.17%
Price / MA20:	-0.91%
Price / MA50:	+1.39%
Price / MA100:	+2.77%
Price / MAexp7:	-0.32%
Price / MAexp20:	-0.45%
Price / MAexp50:	-0.69%
Price / MAexp100:	-0.97%

Quotes : - Real time data - Forex