GBP/SEK - 1H - Technical analysis published on 10/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11.8623 SEK
My targets
11.9095 SEK (+0.0280)
11.9424 SEK (+0.0609)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/SEK as long as the price remains well above 11.8623 SEK. The buyers' bullish objective is set at 11.9095 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.9424 SEK. If there is any crossing, the next objective would be the resistance located at 12.1045 SEK.
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
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/SEK rating 11.8815 SEK. The price registered an increase of +0.66% on the session and was traded between 11.7926 SEK and 11.8819 SEK over the period. The price is currently at +0.75% from its lowest and +0.00% from its highest.11.7926
11.8819
11.8815
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SEK indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.7705 | 11.7969 | 11.8623 | 11.8815 | 11.9095 | 11.9424 | 12.1045 |
| Change (%) | -0.93% | -0.71% | -0.16% | - | +0.24% | +0.51% | +1.88% |
| Change | -0.1110 | -0.0846 | -0.0192 | - | +0.0280 | +0.0609 | +0.2230 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 11.7144 | 11.7495 | 11.7763 | 11.8114 | 11.8382 | 11.8733 | 11.9001 |
| Camarilla | 11.7862 | 11.7919 | 11.7975 | 11.8032 | 11.8089 | 11.8146 | 11.8202 |
| Woodie | 11.7104 | 11.7474 | 11.7723 | 11.8093 | 11.8342 | 11.8712 | 11.8961 |
| Fibonacci | 11.7495 | 11.7731 | 11.7877 | 11.8114 | 11.8350 | 11.8496 | 11.8733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6018 | 11.6982 | 11.7673 | 11.8637 | 11.9328 | 12.0292 | 12.0983 |
| Camarilla | 11.7909 | 11.8061 | 11.8212 | 11.8364 | 11.8516 | 11.8667 | 11.8819 |
| Woodie | 11.5882 | 11.6914 | 11.7537 | 11.8569 | 11.9192 | 12.0224 | 12.0847 |
| Fibonacci | 11.6982 | 11.7614 | 11.8005 | 11.8637 | 11.9269 | 11.9660 | 12.0292 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5292 | 11.6499 | 11.7265 | 11.8472 | 11.9238 | 12.0445 | 12.1211 |
| Camarilla | 11.7489 | 11.7670 | 11.7851 | 11.8032 | 11.8213 | 11.8394 | 11.8575 |
| Woodie | 11.5073 | 11.6389 | 11.7046 | 11.8362 | 11.9019 | 12.0335 | 12.0992 |
| Fibonacci | 11.6499 | 11.7252 | 11.7718 | 11.8472 | 11.9225 | 11.9691 | 12.0445 |
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): | 73.25 | |
| MACD (12,26,9): | 0.0134 | |
| Directional Movement: | 20.1805 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.8445 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8123 | |
| Elder Ray (13): | 0.0340 | |
| Super Trend (3,10): | 11.8163 | |
| Zig ZAG (10): | 11.8762 | |
| VORTEX (21): | 1.2043 | |
| Stochastique (14,3,5): | 89.74 | |
| TEMA (21): | 11.8601 | |
| Williams %R (14): | -2.05 | |
| Chande Momentum Oscillator (20): | 0.0798 | |
| Repulse (5,40,3): | 0.3055 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0063 | |
| Courbe Coppock: | 0.86 |
| MA7: | 11.8484 | |
| MA20: | 11.8711 | |
| MA50: | 11.9237 | |
| MA100: | 11.8701 | |
| MAexp7: | 11.8449 | |
| MAexp20: | 11.8314 | |
| MAexp50: | 11.8254 | |
| MAexp100: | 11.8327 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -0.35% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.41% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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