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 04/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 12.9064 SEK

My targets

13.0926 SEK (+0.1234)

13.5821 SEK (+0.6129)

My analysis

The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 12.9064 SEK, you could try to benefit from the boom. The first bullish objective is located at 13.0926 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.5821 SEK as an objective. Crossing it would then enable buyers to target 13.9672 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

8.9

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 12.9692 SEK. On the day, this instrument lost -0.01% and was between 12.9620 SEK and 12.9995 SEK. This implies that the price is at +0.06% from its lowest and at -0.23% from its highest.

12.9620

12.9995

12.9692

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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	12.5850	12.7236	12.9064	12.9692	13.0926	13.5821	13.9672
Change (%)	-2.96%	-1.89%	-0.48%	-	+0.95%	+4.73%	+7.70%
Change	-0.3842	-0.2456	-0.0628	-	+0.1234	+0.6129	+0.9980
Level	Intermediate	Major	Major	-	Major	Intermediate	Minor

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
Standard	12.8839	12.9213	12.9457	12.9831	13.0075	13.0449	13.0693
Camarilla	12.9532	12.9589	12.9645	12.9702	12.9759	12.9815	12.9872
Woodie	12.8775	12.9181	12.9393	12.9799	13.0011	13.0417	13.0629
Fibonacci	12.9213	12.9449	12.9595	12.9831	13.0067	13.0213	13.0449

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.5288	12.6170	12.7176	12.8058	12.9064	12.9946	13.0952
Camarilla	12.7662	12.7835	12.8008	12.8181	12.8354	12.8527	12.8700
Woodie	12.5349	12.6201	12.7237	12.8089	12.9125	12.9977	13.1013
Fibonacci	12.6170	12.6892	12.7337	12.8058	12.8780	12.9225	12.9946

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.0570	12.2781	12.5481	12.7692	13.0392	13.2603	13.5303
Camarilla	12.6831	12.7281	12.7731	12.8181	12.8631	12.9081	12.9532
Woodie	12.0815	12.2903	12.5726	12.7814	13.0637	13.2725	13.5548
Fibonacci	12.2781	12.4657	12.5816	12.7692	12.9568	13.0727	13.2603

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):	63.86
MACD (12,26,9):	0.0693
Directional Movement:	12.1543
AROON (14):	85.7142
DEMA (21):	12.8985
Parabolic SAR (0,02-0,02-0,2):	12.6313
Elder Ray (13):	0.1255
Super Trend (3,10):	12.6639
Zig ZAG (10):	12.9682
VORTEX (21):	1.1114
Stochastique (14,3,5):	91.86
TEMA (21):	12.9433
Williams %R (14):	-11.86
Chande Momentum Oscillator (20):	0.3205
Repulse (5,40,3):	0.3816
ROCnROLL:	1
TRIX (15,9):	0.0560
Courbe Coppock:	2.40

MA7:	12.8979
MA20:	12.8019
MA50:	12.7073
MA100:	12.6867
MAexp7:	12.9063
MAexp20:	12.8161
MAexp50:	12.7394
MAexp100:	12.6791
Price / MA7:	+0.55%
Price / MA20:	+1.31%
Price / MA50:	+2.06%
Price / MA100:	+2.23%
Price / MAexp7:	+0.49%
Price / MAexp20:	+1.19%
Price / MAexp50:	+1.80%
Price / MAexp100:	+2.29%

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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