GBP/SEK

- SEK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - Daily - Technical analysis published on 01/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 12.5334 SEK

My targets

12.7172 SEK (+0.0750)

13.0926 SEK (+0.4504)

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 12.5334 SEK. The buyers' bullish objective is set at 12.7172 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.0926 SEK. If there is any crossing, the next objective would be the resistance located at 13.5821 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

5.4

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

GBP/SEK rating 12.6422 SEK. The price registered a decrease of -0.07% on the session and was between 12.6251 SEK and 12.7190 SEK. This implies that the price is at +0.14% from its lowest and at -0.60% from its highest.

12.6251

12.7190

12.6422

Here is a more detailed summary of the historical variations registered by GBP/SEK:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/SEK in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.4482	12.5334	12.6056	12.6422	12.6585	12.7172	13.0926
Change (%)	-1.53%	-0.86%	-0.29%	-	+0.13%	+0.59%	+3.56%
Change	-0.1940	-0.1088	-0.0366	-	+0.0163	+0.0750	+0.4504
Level	Minor	Minor	Intermediate	-	Minor	Major	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	12.4286	12.4867	12.5691	12.6272	12.7096	12.7677	12.8501
Camarilla	12.6129	12.6257	12.6386	12.6515	12.6644	12.6773	12.6901
Woodie	12.4408	12.4928	12.5813	12.6333	12.7218	12.7738	12.8623
Fibonacci	12.4867	12.5404	12.5735	12.6272	12.6809	12.7140	12.7677

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.1763	12.3299	12.4711	12.6247	12.7659	12.9195	13.0607
Camarilla	12.5313	12.5584	12.5854	12.6124	12.6394	12.6665	12.6935
Woodie	12.1702	12.3268	12.4650	12.6216	12.7598	12.9164	13.0546
Fibonacci	12.3299	12.4425	12.5121	12.6247	12.7373	12.8069	12.9195

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.1019	12.2927	12.4525	12.6433	12.8031	12.9939	13.1537
Camarilla	12.5160	12.5481	12.5803	12.6124	12.6445	12.6767	12.7088
Woodie	12.0865	12.2850	12.4371	12.6356	12.7877	12.9862	13.1383
Fibonacci	12.2927	12.4266	12.5093	12.6433	12.7772	12.8599	12.9939

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):	50.87
MACD (12,26,9):	0.0051
Directional Movement:	5.1431
AROON (14):	-50.0000
DEMA (21):	12.6371
Parabolic SAR (0,02-0,02-0,2):	12.7660
Elder Ray (13):	0.0449
Super Trend (3,10):	12.7141
Zig ZAG (10):	12.6295
VORTEX (21):	1.0068
Stochastique (14,3,5):	42.00
TEMA (21):	12.6236
Williams %R (14):	-58.81
Chande Momentum Oscillator (20):	-0.0016
Repulse (5,40,3):	-0.1095
ROCnROLL:	-1
TRIX (15,9):	0.0110
Courbe Coppock:	0.35

MA7:	12.6139
MA20:	12.6338
MA50:	12.5950
MA100:	12.5262
MAexp7:	12.6273
MAexp20:	12.6265
MAexp50:	12.5966
MAexp100:	12.5508
Price / MA7:	+0.22%
Price / MA20:	+0.07%
Price / MA50:	+0.37%
Price / MA100:	+0.93%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.73%

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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