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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 03/23/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 12.6606 SEK
My targets
12.5850 SEK (-0.0565)
12.4577 SEK (-0.1838)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/SEK as long as the price remains well below 12.6606 SEK. The sellers' bearish objective is set at 12.5850 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.4577 SEK. In case of crossing, the next objective would be the support located at 12.2601 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5

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

GBP/SEK rating 12.6415 SEK. The price is lower by -0.05% since the last closing and was between 12.5885 SEK and 12.7232 SEK. This implies that the price is at +0.42% from its lowest and at -0.64% from its highest.

12.5885
12.7232
12.6415

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



Here is a more detailed summary of the historical variations registered by GBP/SEK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

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 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.2601 12.4577 12.5850 12.6415 12.6606 12.7172 12.8500
Change (%) -3.02% -1.45% -0.45% - +0.15% +0.60% +1.65%
Change -0.3814 -0.1838 -0.0565 - +0.0191 +0.0757 +0.2085
Level Intermediate Minor Major - Intermediate Major Major



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
Standard12.455312.525212.586512.656412.717712.787612.8489
Camarilla12.611812.623912.635912.647912.659912.672012.6840
Woodie12.451112.523112.582312.654312.713512.785512.8447
Fibonacci12.525212.575312.606312.656412.706512.737512.7876


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.267312.449012.626812.808512.986313.168013.3458
Camarilla12.705612.738612.771612.804512.837512.870412.9034
Woodie12.265312.448012.624812.807512.984313.167013.3438
Fibonacci12.449012.586412.671212.808512.945913.030713.1680


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): 44.53
MACD (12,26,9): 0.0001
Directional Movement: -3.2502
AROON (14): 35.7143
DEMA (21): 12.6478
Parabolic SAR (0,02-0,02-0,2): 12.7232
Elder Ray (13): -0.0099
Super Trend (3,10): 12.5957
Zig ZAG (10): 12.6383
VORTEX (21): 1.0492
Stochastique (14,3,5): 45.36
TEMA (21): 12.6530
Williams %R (14): -70.16
Chande Momentum Oscillator (20): 0.0025
Repulse (5,40,3): -0.3509
ROCnROLL: 2
TRIX (15,9): -0.0022
Courbe Coppock: 0.26
MA7: 12.7101
MA20: 12.6820
MA50: 12.6783
MA100: 12.6406
MAexp7: 12.6510
MAexp20: 12.6483
MAexp50: 12.6582
MAexp100: 12.6843
Price / MA7: -0.54%
Price / MA20: -0.32%
Price / MA50: -0.29%
Price / MA100: +0.01%
Price / MAexp7: -0.08%
Price / MAexp20: -0.05%
Price / MAexp50: -0.13%
Price / MAexp100: -0.34%

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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