GBP/SEK - 1H - Technical analysis published on 01/06/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 12.6247 SEK
My targets
12.7565 SEK (+0.0292)
12.9195 SEK (+0.1922)
My analysis
GBP/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.6247 SEK. The next resistance located at 12.7565 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.9195 SEK. After this resistance, buyers could then target 13.0926 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/SEK rating 12.7273 SEK. The price registered a decrease of -0.02% on the session with the lowest point at 12.6975 SEK and the highest point at 12.7459 SEK. The deviation from the price is +0.23% for the low point and -0.15% for the high point.12.6975
12.7459
12.7273
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
Here is a more detailed summary of the historical variations registered by GBP/SEK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 GBP/SEK in 1H shows a strongly overall bullish trend. 92.86% 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.5634 | 12.6056 | 12.7172 | 12.7273 | 12.7565 | 13.0926 | 13.5821 |
| Change (%) | -1.29% | -0.96% | -0.08% | - | +0.23% | +2.87% | +6.72% |
| Change | -0.1639 | -0.1217 | -0.0101 | - | +0.0292 | +0.3653 | +0.8548 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Intermediate |
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 | 12.3926 | 12.4956 | 12.6127 | 12.7157 | 12.8328 | 12.9358 | 13.0529 |
| Camarilla | 12.6692 | 12.6894 | 12.7095 | 12.7297 | 12.7499 | 12.7701 | 12.7902 |
| Woodie | 12.3996 | 12.4991 | 12.6197 | 12.7192 | 12.8398 | 12.9393 | 13.0599 |
| Fibonacci | 12.4956 | 12.5797 | 12.6317 | 12.7157 | 12.7998 | 12.8518 | 12.9358 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.69 | |
| MACD (12,26,9): | 0.0119 | |
| Directional Movement: | 15.1863 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 12.7312 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.7730 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 12.6740 | |
| Zig ZAG (10): | 12.7424 | |
| VORTEX (21): | 1.0892 | |
| Stochastique (14,3,5): | 19.35 | |
| TEMA (21): | 12.7313 | |
| Williams %R (14): | -65.05 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.2310 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0166 | |
| Courbe Coppock: | 0.01 |
| MA7: | 12.6599 | |
| MA20: | 12.6442 | |
| MA50: | 12.5974 | |
| MA100: | 12.5305 | |
| MAexp7: | 12.7226 | |
| MAexp20: | 12.7145 | |
| MAexp50: | 12.6912 | |
| MAexp100: | 12.6677 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +1.03% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.47% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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