GBP/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - Daily - Technical analysis published on 03/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 12.5844 SEK

My targets

12.8500 SEK (+0.1276)

13.0926 SEK (+0.3702)

My analysis

The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 12.5844 SEK, you could try to benefit from the boom. The first bullish objective is located at 12.8500 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.0926 SEK as an objective. Crossing it would then enable buyers to target 13.5821 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

6.8

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 12.7224 SEK. The price has increased by +0.00% since the last closing and was traded between 12.7165 SEK and 12.7385 SEK over the period. The price is currently at +0.05% from its lowest and -0.13% from its highest.

12.7165

12.7385

12.7224

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in Daily of this GBP/SEK chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.4577	12.5844	12.7172	12.7224	12.8500	13.0926	13.5821
Change (%)	-2.08%	-1.08%	-0.04%	-	+1.00%	+2.91%	+6.76%
Change	-0.2647	-0.1380	-0.0052	-	+0.1276	+0.3702	+0.8597
Level	Minor	Major	Major	-	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
Standard	12.5745	12.6417	12.6821	12.7493	12.7897	12.8569	12.8973
Camarilla	12.6929	12.7028	12.7126	12.7225	12.7324	12.7422	12.7521
Woodie	12.5611	12.6350	12.6687	12.7426	12.7763	12.8502	12.8839
Fibonacci	12.6417	12.6828	12.7082	12.7493	12.7904	12.8158	12.8569

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.2937	12.4247	12.6561	12.7871	13.0185	13.1495	13.3809
Camarilla	12.7879	12.8212	12.8544	12.8876	12.9208	12.9540	12.9873
Woodie	12.3440	12.4498	12.7064	12.8122	13.0688	13.1746	13.4312
Fibonacci	12.4247	12.5631	12.6486	12.7871	12.9255	13.0110	13.1495

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.8441	12.1097	12.3548	12.6204	12.8655	13.1311	13.3762
Camarilla	12.4594	12.5062	12.5530	12.5998	12.6466	12.6934	12.7402
Woodie	11.8338	12.1046	12.3445	12.6153	12.8552	13.1260	13.3659
Fibonacci	12.1097	12.3048	12.4254	12.6204	12.8155	12.9361	13.1311

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):	52.20
MACD (12,26,9):	0.0379
Directional Movement:	2.8861
AROON (14):	64.2857
DEMA (21):	12.7371
Parabolic SAR (0,02-0,02-0,2):	12.6308
Elder Ray (13):	0.0073
Super Trend (3,10):	12.5443
Zig ZAG (10):	12.7195
VORTEX (21):	1.0809
Stochastique (14,3,5):	51.78
TEMA (21):	12.7773
Williams %R (14):	-54.29
Chande Momentum Oscillator (20):	0.1704
Repulse (5,40,3):	-0.5125
ROCnROLL:	-1
TRIX (15,9):	0.0232
Courbe Coppock:	3.53

MA7:	12.7932
MA20:	12.6509
MA50:	12.6792
MA100:	12.6380
MAexp7:	12.7476
MAexp20:	12.6974
MAexp50:	12.6676
MAexp100:	12.6307
Price / MA7:	-0.55%
Price / MA20:	+0.57%
Price / MA50:	+0.34%
Price / MA100:	+0.67%
Price / MAexp7:	-0.20%
Price / MAexp20:	+0.20%
Price / MAexp50:	+0.43%
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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Londinia AI

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