GBP/SEK - 1H - Technical analysis published on 03/21/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 12.7974 SEK
My targets
12.6695 SEK (-0.0588)
12.6308 SEK (-0.0975)
My analysis
The bearish trend is currently very strong for GBP/SEK. As long as the price remains below the resistance at 12.7974 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 12.6695 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.6308 SEK as an objective. Crossing it would then enable sellers to target 12.5850 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/SEK rating is 12.7283 SEK. The price is lower by -0.01% since the last closing with the lowest point at 12.7220 SEK and the highest point at 12.7442 SEK. The deviation from the price is +0.05% for the low point and -0.12% for the high point.12.7220
12.7442
12.7283
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of GBP/SEK indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.6308 | 12.6695 | 12.7172 | 12.7283 | 12.7974 | 12.8500 | 12.9064 |
| Change (%) | -0.77% | -0.46% | -0.09% | - | +0.54% | +0.96% | +1.40% |
| Change | -0.0975 | -0.0588 | -0.0111 | - | +0.0691 | +0.1217 | +0.1781 |
| Level | Minor | Minor | Major | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.5098 | 12.6088 | 12.6692 | 12.7682 | 12.8286 | 12.9276 | 12.9880 |
| Camarilla | 12.6857 | 12.7003 | 12.7149 | 12.7295 | 12.7441 | 12.7587 | 12.7733 |
| Woodie | 12.4904 | 12.5992 | 12.6498 | 12.7586 | 12.8092 | 12.9180 | 12.9686 |
| Fibonacci | 12.6088 | 12.6697 | 12.7073 | 12.7682 | 12.8291 | 12.8667 | 12.9276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.2673 | 12.4490 | 12.6268 | 12.8085 | 12.9863 | 13.1680 | 13.3458 |
| Camarilla | 12.7056 | 12.7386 | 12.7716 | 12.8045 | 12.8375 | 12.8704 | 12.9034 |
| Woodie | 12.2653 | 12.4480 | 12.6248 | 12.8075 | 12.9843 | 13.1670 | 13.3438 |
| Fibonacci | 12.4490 | 12.5864 | 12.6712 | 12.8085 | 12.9459 | 13.0307 | 13.1680 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.14 | |
| MACD (12,26,9): | -0.0117 | |
| Directional Movement: | -1.2669 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 12.7254 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.7442 | |
| Elder Ray (13): | -0.0091 | |
| Super Trend (3,10): | 12.7751 | |
| Zig ZAG (10): | 12.7257 | |
| VORTEX (21): | 0.8751 | |
| Stochastique (14,3,5): | 35.92 | |
| TEMA (21): | 12.7166 | |
| Williams %R (14): | -62.42 | |
| Chande Momentum Oscillator (20): | 0.0101 | |
| Repulse (5,40,3): | -0.0476 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0130 | |
| Courbe Coppock: | 0.50 |
| MA7: | 12.7732 | |
| MA20: | 12.6770 | |
| MA50: | 12.6833 | |
| MA100: | 12.6404 | |
| MAexp7: | 12.7279 | |
| MAexp20: | 12.7398 | |
| MAexp50: | 12.7520 | |
| MAexp100: | 12.7593 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | +0.70% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.24% |
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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