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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 03/30/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 12.8500 SEK
My targets
12.9064 SEK (+0.0251)
13.0214 SEK (+0.1401)
My analysis
The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 12.8500 SEK, you could try to benefit from the boom. The first bullish objective is located at 12.9064 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.0214 SEK as an objective. Crossing it would then enable buyers to target 13.0926 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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 12.8813 SEK. The price has increased by +0.60% since the last closing and was traded between 12.8001 SEK and 12.8941 SEK over the period. The price is currently at +0.63% from its lowest and -0.10% from its highest.

12.8001
12.8941
12.8813

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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


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 1H of this GBP/SEK chart shows a strongly bullish trend. 92.86% 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 scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.7727 12.8065 12.8500 12.8813 12.9064 13.0926 13.5821
Change (%) -0.84% -0.58% -0.24% - +0.19% +1.64% +5.44%
Change -0.1086 -0.0748 -0.0313 - +0.0251 +0.2113 +0.7008
Level Minor Minor Intermediate - 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
Standard12.665612.712312.758212.804912.850812.897512.9434
Camarilla12.778612.787112.795612.804112.812612.821112.8296
Woodie12.665212.712112.757812.804712.850412.897312.9430
Fibonacci12.712312.747712.769512.804912.840312.862112.8975


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.325012.454412.608512.737912.892013.021413.1755
Camarilla12.684612.710612.736612.762612.788612.814612.8406
Woodie12.337412.460612.620912.744112.904413.027613.1879
Fibonacci12.454412.562712.629612.737912.846212.913113.0214


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): 71.99
MACD (12,26,9): 0.0147
Directional Movement: 27.4666
AROON (14): 78.5714
DEMA (21): 12.8399
Parabolic SAR (0,02-0,02-0,2): 12.7958
Elder Ray (13): 0.0451
Super Trend (3,10): 12.8055
Zig ZAG (10): 12.8779
VORTEX (21): 1.0810
Stochastique (14,3,5): 72.56
TEMA (21): 12.8438
Williams %R (14): -19.54
Chande Momentum Oscillator (20): 0.0664
Repulse (5,40,3): 0.4591
ROCnROLL: 1
TRIX (15,9): 0.0105
Courbe Coppock: 0.25
MA7: 12.7584
MA20: 12.7440
MA50: 12.6833
MA100: 12.6601
MAexp7: 12.8423
MAexp20: 12.8221
MAexp50: 12.7991
MAexp100: 12.7741
Price / MA7: +0.96%
Price / MA20: +1.08%
Price / MA50: +1.56%
Price / MA100: +1.75%
Price / MAexp7: +0.30%
Price / MAexp20: +0.46%
Price / MAexp50: +0.64%
Price / MAexp100: +0.84%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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Londinia AI

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