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GBP/SEK
GBP SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPSEK
ISIN:

GBP/SEK - 1H - Technical analysis published on 03/13/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 12.8397 SEK
My targets
12.9098 SEK (+0.0262)
13.0185 SEK (+0.1349)
My analysis
The basic bullish trend is very strong on GBP/SEK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.8397 SEK. Crossing the first resistance at 12.9098 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.0185 SEK as an objective. Crossing it would then enable buyers to target 13.0926 SEK. Caution, a return to below 12.8397 SEK would be a sign of a consolidation phase in 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 indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/SEK price is 12.8836 SEK. On the day, this instrument lost -0.03% and was traded between 12.8267 SEK and 12.9903 SEK over the period. The price is currently at +0.44% from its lowest and -0.82% from its highest.

12.8267
12.9903
12.8836

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/SEK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/SEK in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.5844 12.7172 12.8397 12.8836 12.9098 13.0926 13.5821
Change (%) -2.32% -1.29% -0.34% - +0.20% +1.62% +5.42%
Change -0.2992 -0.1664 -0.0439 - +0.0262 +0.2090 +0.6985
Level Major Major Minor - Intermediate Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.661212.718712.803112.860612.945013.002513.0869
Camarilla12.848612.861612.874612.887612.900612.913612.9266
Woodie12.674812.725412.816712.867312.958613.009213.1005
Fibonacci12.718712.772912.806412.860612.914812.948313.0025


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.293712.424712.656112.787113.018513.149513.3809
Camarilla12.787912.821212.854412.887612.920812.954012.9873
Woodie12.344012.449812.706412.812213.068813.174613.4312
Fibonacci12.424712.563112.648612.787112.925513.011013.1495


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.844112.109712.354812.620412.865513.131113.3762
Camarilla12.459412.506212.553012.599812.646612.693412.7402
Woodie11.833812.104612.344512.615312.855213.126013.3659
Fibonacci12.109712.304812.425412.620412.815512.936113.1311

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): 51.60
MACD (12,26,9): 0.0174
Directional Movement: 4.3347
AROON (14): 50.0000
DEMA (21): 12.9112
Parabolic SAR (0,02-0,02-0,2): 12.9876
Elder Ray (13): -0.0183
Super Trend (3,10): 12.8375
Zig ZAG (10): 12.8876
VORTEX (21): 0.9998
Stochastique (14,3,5): 37.80
TEMA (21): 12.9086
Williams %R (14): -62.53
Chande Momentum Oscillator (20): 0.0433
Repulse (5,40,3): -0.2358
ROCnROLL: -1
TRIX (15,9): 0.0214
Courbe Coppock: 0.85
MA7: 12.7330
MA20: 12.6151
MA50: 12.6749
MA100: 12.6341
MAexp7: 12.8994
MAexp20: 12.8872
MAexp50: 12.8458
MAexp100: 12.7861
Price / MA7: +1.18%
Price / MA20: +2.13%
Price / MA50: +1.65%
Price / MA100: +1.97%
Price / MAexp7: -0.12%
Price / MAexp20: -0.03%
Price / MAexp50: +0.30%
Price / MAexp100: +0.76%

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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Londinia
Londinia AI

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