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 - 1H - Technical analysis published on 10/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 11.5391 SEK

My targets

11.6432 SEK (+0.0555)

11.7508 SEK (+0.1631)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/SEK. As long as you are above the support located at 11.5391 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11.6432 SEK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11.7508 SEK as an objective. Crossing it would then enable buyers to target 11.9508 SEK. If the support 11.5391 SEK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.4

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 price is 11.5877 SEK. The price is lower by -0.06% since the last closing with the lowest point at 11.5758 SEK and the highest point at 11.6404 SEK. The deviation from the price is +0.10% for the low point and -0.45% for the high point.

11.5758

11.6404

11.5877

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/SEK in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White morning star

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.4550	11.4903	11.5391	11.5877	11.5985	11.6432	11.7508
Change (%)	-1.15%	-0.84%	-0.42%	-	+0.09%	+0.48%	+1.41%
Change	-0.1327	-0.0974	-0.0486	-	+0.0108	+0.0555	+0.1631
Level	Major	Minor	Minor	-	Minor	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	11.4291	11.4649	11.5296	11.5654	11.6301	11.6659	11.7306
Camarilla	11.5666	11.5758	11.5850	11.5942	11.6034	11.6126	11.6218
Woodie	11.4435	11.4721	11.5440	11.5726	11.6445	11.6731	11.7450
Fibonacci	11.4649	11.5033	11.5270	11.5654	11.6038	11.6275	11.6659

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.3134	11.3467	11.4070	11.4403	11.5006	11.5339	11.5942
Camarilla	11.4416	11.4501	11.4587	11.4673	11.4759	11.4845	11.4930
Woodie	11.3269	11.3535	11.4205	11.4471	11.5141	11.5407	11.6077
Fibonacci	11.3467	11.3825	11.4045	11.4403	11.4761	11.4981	11.5339

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.9827	11.1134	11.2149	11.3456	11.4471	11.5778	11.6793
Camarilla	11.2527	11.2739	11.2952	11.3165	11.3378	11.3591	11.3804
Woodie	10.9682	11.1061	11.2004	11.3383	11.4326	11.5705	11.6648
Fibonacci	11.1134	11.2021	11.2569	11.3456	11.4343	11.4891	11.5778

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):	58.24
MACD (12,26,9):	0.0067
Directional Movement:	7.6654
AROON (14):	35.7142
DEMA (21):	11.6125
Parabolic SAR (0,02-0,02-0,2):	11.6299
Elder Ray (13):	-0.0037
Super Trend (3,10):	11.6313
Zig ZAG (10):	11.5908
VORTEX (21):	1.0007
Stochastique (14,3,5):	20.59
TEMA (21):	11.6013
Williams %R (14):	-67.80
Chande Momentum Oscillator (20):	-0.0150
Repulse (5,40,3):	-0.0657
ROCnROLL:	-1
TRIX (15,9):	0.0142
Courbe Coppock:	0.01

MA7:	11.5063
MA20:	11.4256
MA50:	11.3855
MA100:	11.4228
MAexp7:	11.5973
MAexp20:	11.6004
MAexp50:	11.5765
MAexp100:	11.5420
Price / MA7:	+0.71%
Price / MA20:	+1.42%
Price / MA50:	+1.78%
Price / MA100:	+1.44%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.11%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.40%

Quotes : - Real time data - Forex

News

The last news published on EUR/SEK at the time of the generation of this analysis was as follows:

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

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