EUR/SEK

- SEK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURSEK
ISIN:

EUR/SEK - Daily - Technical analysis published on 05/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 11.4253 SEK

My targets

11.6856 SEK (+0.0954)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/SEK as long as the price remains well above 11.4253 SEK. The buyers' bullish objective is set at 11.6856 SEK. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.9

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

The EUR/SEK rating is 11.5902 SEK. On the day, this instrument gained +0.00% and was between 11.5775 SEK and 11.6204 SEK. This implies that the price is at +0.11% from its lowest and at -0.26% from its highest.

11.5775

11.6204

11.5902

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

Bullish opening

Type : Bullish

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/SEK in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	11.0381	11.1931	11.4253	11.5902	11.6856
Change (%)	-4.76%	-3.43%	-1.42%	-	+0.82%
Change	-0.5521	-0.3971	-0.1649	-	+0.0954
Level	Minor	Major	Major	-	Intermediate

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	11.4203	11.4658	11.5280	11.5735	11.6357	11.6812	11.7434
Camarilla	11.5607	11.5706	11.5804	11.5903	11.6002	11.6101	11.6199
Woodie	11.4288	11.4700	11.5365	11.5777	11.6442	11.6854	11.7519
Fibonacci	11.4658	11.5069	11.5323	11.5735	11.6146	11.6400	11.6812

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.1694	11.2653	11.4278	11.5237	11.6862	11.7821	11.9446
Camarilla	11.5192	11.5429	11.5666	11.5903	11.6140	11.6377	11.6614
Woodie	11.2027	11.2820	11.4611	11.5404	11.7195	11.7988	11.9779
Fibonacci	11.2653	11.3640	11.4250	11.5237	11.6224	11.6834	11.7821

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.14
MACD (12,26,9):	0.0714
Directional Movement:	20.8477
AROON (14):	100.0000
DEMA (21):	11.4871
Parabolic SAR (0,02-0,02-0,2):	11.3967
Elder Ray (13):	0.1481
Super Trend (3,10):	11.3731
Zig ZAG (10):	11.5900
VORTEX (21):	1.1818
Stochastique (14,3,5):	94.68
TEMA (21):	11.5411
Williams %R (14):	-6.77
Chande Momentum Oscillator (20):	0.3143
Repulse (5,40,3):	0.8388
ROCnROLL:	1
TRIX (15,9):	0.0412
Courbe Coppock:	4.62

MA7:	11.5067
MA20:	11.3562
MA50:	11.3277
MA100:	11.2659
MAexp7:	11.5163
MAexp20:	11.4096
MAexp50:	11.3351
MAexp100:	11.2495
Price / MA7:	+0.73%
Price / MA20:	+2.06%
Price / MA50:	+2.32%
Price / MA100:	+2.88%
Price / MAexp7:	+0.64%
Price / MAexp20:	+1.58%
Price / MAexp50:	+2.25%
Price / MAexp100:	+3.03%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/SEK. At the time of publication of this analysis, the latest news was as follows:

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

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