EUR/SEK - 1H - Technical analysis published on 05/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 11.3049 SEK
My targets
11.3723 SEK (+0.0378)
11.3905 SEK (+0.0560)
My analysis
The basic trend is currently slightly bullish on EUR/SEK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 11.3049 SEK, purchases could be favourable. The first bullish objective would be the resistance located at 11.3723 SEK. Then the price could move towards 11.3905 SEK. Then 11.4282 SEK by extension. A return under the support to 11.3049 SEK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.6
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Additional analysis
Quotes
EUR/SEK rating 11.3345 SEK. On the day, this instrument lost -0.01% and was traded between 11.2639 SEK and 11.3396 SEK over the period. The price is currently at +0.63% from its lowest and -0.04% from its highest.11.2639
11.3396
11.3345
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
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 EUR/SEK chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.1931 | 11.3049 | 11.3268 | 11.3345 | 11.3437 | 11.3723 | 11.3905 |
| Change (%) | -1.25% | -0.26% | -0.07% | - | +0.08% | +0.33% | +0.49% |
| Change | -0.1414 | -0.0296 | -0.0077 | - | +0.0092 | +0.0378 | +0.0560 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2425 | 11.2652 | 11.3004 | 11.3231 | 11.3583 | 11.3810 | 11.4162 |
| Camarilla | 11.3197 | 11.3250 | 11.3303 | 11.3356 | 11.3409 | 11.3462 | 11.3515 |
| Woodie | 11.2488 | 11.2683 | 11.3067 | 11.3262 | 11.3646 | 11.3841 | 11.4225 |
| Fibonacci | 11.2652 | 11.2873 | 11.3010 | 11.3231 | 11.3452 | 11.3589 | 11.3810 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1042 | 11.1927 | 11.2513 | 11.3398 | 11.3984 | 11.4869 | 11.5455 |
| Camarilla | 11.2696 | 11.2830 | 11.2965 | 11.3100 | 11.3235 | 11.3370 | 11.3505 |
| Woodie | 11.0894 | 11.1852 | 11.2365 | 11.3323 | 11.3836 | 11.4794 | 11.5307 |
| Fibonacci | 11.1927 | 11.2489 | 11.2836 | 11.3398 | 11.3960 | 11.4307 | 11.4869 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0104 | 11.1264 | 11.2182 | 11.3342 | 11.4260 | 11.5420 | 11.6338 |
| Camarilla | 11.2529 | 11.2719 | 11.2910 | 11.3100 | 11.3291 | 11.3481 | 11.3672 |
| Woodie | 10.9983 | 11.1204 | 11.2061 | 11.3282 | 11.4139 | 11.5360 | 11.6217 |
| Fibonacci | 11.1264 | 11.2058 | 11.2548 | 11.3342 | 11.4136 | 11.4626 | 11.5420 |
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): | 55.54 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -2.5690 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 11.3240 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.2763 | |
| Elder Ray (13): | 0.0092 | |
| Super Trend (3,10): | 11.2926 | |
| Zig ZAG (10): | 11.3334 | |
| VORTEX (21): | 1.0416 | |
| Stochastique (14,3,5): | 93.44 | |
| TEMA (21): | 11.3272 | |
| Williams %R (14): | -8.32 | |
| Chande Momentum Oscillator (20): | 0.0105 | |
| Repulse (5,40,3): | 0.0790 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.06 |
| MA7: | 11.3382 | |
| MA20: | 11.3509 | |
| MA50: | 11.2623 | |
| MA100: | 11.2192 | |
| MAexp7: | 11.3285 | |
| MAexp20: | 11.3233 | |
| MAexp50: | 11.3257 | |
| MAexp100: | 11.3312 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +1.03% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/SEK at the time of the analysis were as follows:
-
EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
-
EUR/SEK to Grind Lower
-
Danske Bank On EUR/SEK
-
Nordea on EUR/SEK
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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