GBP/SEK - 1H - Technical analysis published on 09/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 12.4129 SEK
My targets
12.5146 SEK (+0.0434)
12.5485 SEK (+0.0773)
My analysis
The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 12.4129 SEK, you could try to benefit from the boom. The first bullish objective is located at 12.5146 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.5485 SEK as an objective. Crossing it would then enable buyers to target 12.5880 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
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/SEK rating is 12.4712 SEK. The price registered a decrease of -0.01% on the session and was between 12.4651 SEK and 12.4794 SEK. This implies that the price is at +0.05% from its lowest and at -0.07% from its highest.12.4651
12.4794
12.4712
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/SEK:
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 1H chart of GBP/SEK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.3635 | 12.3815 | 12.4129 | 12.4712 | 12.4769 | 12.5146 | 12.5485 |
| Change (%) | -0.86% | -0.72% | -0.47% | - | +0.05% | +0.35% | +0.62% |
| Change | -0.1077 | -0.0897 | -0.0583 | - | +0.0057 | +0.0434 | +0.0773 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 12.3378 | 12.3673 | 12.4197 | 12.4492 | 12.5016 | 12.5311 | 12.5835 |
| Camarilla | 12.4497 | 12.4572 | 12.4647 | 12.4722 | 12.4797 | 12.4872 | 12.4947 |
| Woodie | 12.3494 | 12.3730 | 12.4313 | 12.4549 | 12.5132 | 12.5368 | 12.5951 |
| Fibonacci | 12.3673 | 12.3986 | 12.4179 | 12.4492 | 12.4805 | 12.4998 | 12.5311 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.1474 | 12.2554 | 12.3324 | 12.4404 | 12.5174 | 12.6254 | 12.7024 |
| Camarilla | 12.3584 | 12.3754 | 12.3923 | 12.4093 | 12.4263 | 12.4432 | 12.4602 |
| Woodie | 12.1318 | 12.2477 | 12.3168 | 12.4327 | 12.5018 | 12.6177 | 12.6868 |
| Fibonacci | 12.2554 | 12.3261 | 12.3698 | 12.4404 | 12.5111 | 12.5548 | 12.6254 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7999 | 12.0143 | 12.2010 | 12.4154 | 12.6021 | 12.8165 | 13.0032 |
| Camarilla | 12.2773 | 12.3141 | 12.3508 | 12.3876 | 12.4244 | 12.4611 | 12.4979 |
| Woodie | 11.7860 | 12.0074 | 12.1871 | 12.4085 | 12.5882 | 12.8096 | 12.9893 |
| Fibonacci | 12.0143 | 12.1676 | 12.2622 | 12.4154 | 12.5687 | 12.6633 | 12.8165 |
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): | 61.42 | |
| MACD (12,26,9): | 0.0089 | |
| Directional Movement: | 9.0299 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 12.4629 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4249 | |
| Elder Ray (13): | 0.0151 | |
| Super Trend (3,10): | 12.4186 | |
| Zig ZAG (10): | 12.4707 | |
| VORTEX (21): | 1.0980 | |
| Stochastique (14,3,5): | 86.61 | |
| TEMA (21): | 12.4689 | |
| Williams %R (14): | -11.38 | |
| Chande Momentum Oscillator (20): | 0.0469 | |
| Repulse (5,40,3): | 0.0458 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0070 | |
| Courbe Coppock: | 0.36 |
| MA7: | 12.4489 | |
| MA20: | 12.4702 | |
| MA50: | 12.4448 | |
| MA100: | 12.4006 | |
| MAexp7: | 12.4644 | |
| MAexp20: | 12.4524 | |
| MAexp50: | 12.4431 | |
| MAexp100: | 12.4457 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +0.57% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.20% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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