GBP/SEK
GBP SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPSEK
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GBP/SEK - 1H - Technical analysis published on 02/21/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 12.5063 SEK
My targets
12.4386 SEK (-0.0181)
12.3872 SEK (-0.0695)
My analysis
The bearish basic trend is very strong on GBP/SEK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 12.5063 SEK. Crossing the first support at 12.4386 SEK would be a sign of a further potential price plummet. Sellers would then use the next support located at 12.3872 SEK as an objective. Crossing it would then enable sellers to target 12.2601 SEK. Caution, a return to above the resistance located at 12.5063 SEK would be a sign of a possible consolidation phase of the short-term basic trend. 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 are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6

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:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/SEK rating 12.4567 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 12.4411 SEK and the highest point at 12.4885 SEK. The deviation from the price is +0.13% for the low point and -0.25% for the high point.

12.4411
12.4885
12.4567

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a 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 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.2601 12.3872 12.4386 12.4567 12.5063 12.5849 12.6598
Change (%) -1.58% -0.56% -0.15% - +0.40% +1.03% +1.63%
Change -0.1966 -0.0695 -0.0181 - +0.0496 +0.1282 +0.2031
Level Major Minor Intermediate - Minor 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
Standard12.218712.322912.390212.494412.561712.665912.7332
Camarilla12.410312.426112.441812.457512.473212.488912.5047
Woodie12.200312.313712.371812.485212.543312.656712.7148
Fibonacci12.322912.388412.428912.494412.559912.600412.6659


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.373812.439812.516012.582012.658212.724212.8004
Camarilla12.553012.566012.579112.592112.605112.618212.6312
Woodie12.378812.442412.521012.584612.663212.726812.8054
Fibonacci12.439812.494212.527712.582012.636412.669912.7242


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.224512.384612.617312.777413.010113.170213.4029
Camarilla12.742012.778012.814012.850012.886012.922012.9580
Woodie12.260812.402812.653612.795613.046413.188413.4392
Fibonacci12.384612.534712.627412.777412.927513.020213.1702

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): 43.06
MACD (12,26,9): -0.0132
Directional Movement: -3.5939
AROON (14): 100.0000
DEMA (21): 12.4507
Parabolic SAR (0,02-0,02-0,2): 12.4486
Elder Ray (13): 0.0082
Super Trend (3,10): 12.5009
Zig ZAG (10): 12.4698
VORTEX (21): 1.0102
Stochastique (14,3,5): 81.71
TEMA (21): 12.4566
Williams %R (14): -38.61
Chande Momentum Oscillator (20): 0.0217
Repulse (5,40,3): -0.0069
ROCnROLL: -1
TRIX (15,9): -0.0248
Courbe Coppock: 0.21
MA7: 12.5423
MA20: 12.6643
MA50: 12.6684
MA100: 12.6234
MAexp7: 12.4676
MAexp20: 12.4714
MAexp50: 12.5011
MAexp100: 12.5314
Price / MA7: -0.68%
Price / MA20: -1.64%
Price / MA50: -1.67%
Price / MA100: -1.32%
Price / MAexp7: -0.09%
Price / MAexp20: -0.12%
Price / MAexp50: -0.36%
Price / MAexp100: -0.60%

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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