GBP/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - Daily - Technical analysis published on 06/23/2022 (GMT)

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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

72%

28%

My opinion

Bullish above 12.2591 SEK

My targets

12.7172 SEK (+0.2274)

12.8403 SEK (+0.3505)

My analysis

The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 12.2591 SEK, you could try to benefit from the boom. The first bullish objective is located at 12.7172 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.8403 SEK as an objective. Crossing it would then enable buyers to target 13.1704 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/SEK rating 12.4898 SEK. On the day, this instrument gained +0.89% with the lowest point at 12.3498 SEK and the highest point at 12.4963 SEK. The deviation from the price is +1.13% for the low point and -0.05% for the high point.

12.3498

12.4963

12.4898

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/SEK indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.1005	12.2591	12.4418	12.4898	12.7172	12.8403	13.1704
Change (%)	-3.12%	-1.85%	-0.38%	-	+1.82%	+2.81%	+5.45%
Change	-0.3893	-0.2307	-0.0480	-	+0.2274	+0.3505	+0.6806
Level	Major	Major	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.2365	12.2951	12.3376	12.3962	12.4387	12.4973	12.5398
Camarilla	12.3524	12.3617	12.3709	12.3802	12.3895	12.3987	12.4080
Woodie	12.2286	12.2911	12.3297	12.3922	12.4308	12.4933	12.5319
Fibonacci	12.2951	12.3337	12.3576	12.3962	12.4348	12.4587	12.4973

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.7982	11.9847	12.2170	12.4035	12.6358	12.8223	13.0546
Camarilla	12.3340	12.3724	12.4108	12.4492	12.4876	12.5260	12.5644
Woodie	11.8210	11.9962	12.2398	12.4150	12.6586	12.8338	13.0774
Fibonacci	11.9847	12.1447	12.2436	12.4035	12.5635	12.6624	12.8223

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.8401	12.0004	12.1567	12.3170	12.4733	12.6336	12.7899
Camarilla	12.2259	12.2550	12.2840	12.3130	12.3420	12.3710	12.4001
Woodie	11.8381	11.9994	12.1547	12.3160	12.4713	12.6326	12.7879
Fibonacci	12.0004	12.1213	12.1961	12.3170	12.4379	12.5127	12.6336

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):	56.75
MACD (12,26,9):	0.0220
Directional Movement:	3.1977
AROON (14):	7.1428
DEMA (21):	12.4000
Parabolic SAR (0,02-0,02-0,2):	12.2038
Elder Ray (13):	0.0304
Super Trend (3,10):	12.5473
Zig ZAG (10):	12.4891
VORTEX (21):	1.0446
Stochastique (14,3,5):	59.67
TEMA (21):	12.4297
Williams %R (14):	-24.95
Chande Momentum Oscillator (20):	0.1477
Repulse (5,40,3):	0.9747
ROCnROLL:	1
TRIX (15,9):	0.0083
Courbe Coppock:	2.03

MA7:	12.4303
MA20:	12.3507
MA50:	12.3613
MA100:	12.4596
MAexp7:	12.4157
MAexp20:	12.3789
MAexp50:	12.3773
MAexp100:	12.3715
Price / MA7:	+0.48%
Price / MA20:	+1.13%
Price / MA50:	+1.04%
Price / MA100:	+0.24%
Price / MAexp7:	+0.60%
Price / MAexp20:	+0.90%
Price / MAexp50:	+0.91%
Price / MAexp100:	+0.96%

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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