GBP/SEK - 1H - Technical analysis published on 12/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 12.0619 SEK
My targets
12.0259 SEK (-0.0207)
11.9682 SEK (-0.0784)
My analysis
GBP/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.0619 SEK. The next support located at 12.0259 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.9682 SEK. Below this support, sellers could then target 11.8577 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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
The GBP/SEK rating is 12.0466 SEK. The price is lower by -0.13% since the last closing and was between 12.0335 SEK and 12.0749 SEK. This implies that the price is at +0.11% from its lowest and at -0.23% from its highest.12.0335
12.0749
12.0466
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 GBP/SEK in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 2 are neutral and 11 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
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 | 11.8577 | 11.9682 | 12.0259 | 12.0466 | 12.0619 | 12.1053 | 12.1407 |
| Change (%) | -1.57% | -0.65% | -0.17% | - | +0.13% | +0.49% | +0.78% |
| Change | -0.1889 | -0.0784 | -0.0207 | - | +0.0153 | +0.0587 | +0.0941 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | 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 | 11.9069 | 11.9659 | 12.0140 | 12.0730 | 12.1211 | 12.1801 | 12.2282 |
| Camarilla | 12.0327 | 12.0425 | 12.0523 | 12.0621 | 12.0719 | 12.0817 | 12.0916 |
| Woodie | 11.9015 | 11.9632 | 12.0086 | 12.0703 | 12.1157 | 12.1774 | 12.2228 |
| Fibonacci | 11.9659 | 12.0068 | 12.0321 | 12.0730 | 12.1139 | 12.1392 | 12.1801 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7323 | 11.8539 | 11.9740 | 12.0956 | 12.2157 | 12.3373 | 12.4574 |
| Camarilla | 12.0276 | 12.0498 | 12.0719 | 12.0941 | 12.1163 | 12.1384 | 12.1606 |
| Woodie | 11.7316 | 11.8535 | 11.9733 | 12.0952 | 12.2150 | 12.3369 | 12.4567 |
| Fibonacci | 11.8539 | 11.9462 | 12.0033 | 12.0956 | 12.1879 | 12.2450 | 12.3373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8745 | 11.2010 | 11.6016 | 11.9281 | 12.3287 | 12.6552 | 13.0558 |
| Camarilla | 11.8024 | 11.8690 | 11.9357 | 12.0023 | 12.0690 | 12.1356 | 12.2023 |
| Woodie | 10.9117 | 11.2195 | 11.6388 | 11.9466 | 12.3659 | 12.6737 | 13.0930 |
| Fibonacci | 11.2010 | 11.4787 | 11.6503 | 11.9281 | 12.2058 | 12.3774 | 12.6552 |
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): | 37.02 | |
| MACD (12,26,9): | -0.0075 | |
| Directional Movement: | -15.0757 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 12.0541 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.0749 | |
| Elder Ray (13): | -0.0167 | |
| Super Trend (3,10): | 12.0893 | |
| Zig ZAG (10): | 12.0411 | |
| VORTEX (21): | 0.9334 | |
| Stochastique (14,3,5): | 35.46 | |
| TEMA (21): | 12.0497 | |
| Williams %R (14): | -94.03 | |
| Chande Momentum Oscillator (20): | -0.0237 | |
| Repulse (5,40,3): | -0.2470 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.01 |
| MA7: | 12.0525 | |
| MA20: | 11.9914 | |
| MA50: | 11.8813 | |
| MA100: | 11.9057 | |
| MAexp7: | 12.0551 | |
| MAexp20: | 12.0654 | |
| MAexp50: | 12.0728 | |
| MAexp100: | 12.0741 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +1.18% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.23% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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