GBP/SEK - 1H - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 13.2487 SEK
My targets
13.4592 SEK (+0.1113)
13.5821 SEK (+0.2342)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/SEK as long as the price remains well above 13.2487 SEK. The buyers' bullish objective is set at 13.4592 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.5821 SEK. If there is any crossing, the next objective would be the resistance located at 13.9672 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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Additional analysis
Quotes
GBP/SEK rating 13.3479 SEK. The price registered an increase of +0.00% on the session and was traded between 13.3231 SEK and 13.3555 SEK over the period. The price is currently at +0.19% from its lowest and -0.06% from its highest.13.3231
13.3555
13.3479
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:
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 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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.0926 | 13.1423 | 13.2487 | 13.3479 | 13.3546 | 13.5821 | 13.9672 |
| Change (%) | -1.91% | -1.54% | -0.74% | - | +0.05% | +1.75% | +4.64% |
| Change | -0.2553 | -0.2056 | -0.0992 | - | +0.0067 | +0.2342 | +0.6193 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.1508 | 13.1999 | 13.2740 | 13.3231 | 13.3972 | 13.4463 | 13.5204 |
| Camarilla | 13.3141 | 13.3254 | 13.3367 | 13.3480 | 13.3593 | 13.3706 | 13.3819 |
| Woodie | 13.1632 | 13.2062 | 13.2864 | 13.3294 | 13.4096 | 13.4526 | 13.5328 |
| Fibonacci | 13.1999 | 13.2470 | 13.2761 | 13.3231 | 13.3702 | 13.3993 | 13.4463 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.8404 | 12.9517 | 13.1498 | 13.2611 | 13.4592 | 13.5705 | 13.7686 |
| Camarilla | 13.2629 | 13.2913 | 13.3196 | 13.3480 | 13.3764 | 13.4047 | 13.4331 |
| Woodie | 12.8839 | 12.9734 | 13.1933 | 13.2828 | 13.5027 | 13.5922 | 13.8121 |
| Fibonacci | 12.9517 | 13.0699 | 13.1429 | 13.2611 | 13.3793 | 13.4523 | 13.5705 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4047 | 12.5686 | 12.7309 | 12.8948 | 13.0571 | 13.2210 | 13.3833 |
| Camarilla | 12.8035 | 12.8334 | 12.8633 | 12.8932 | 12.9231 | 12.9530 | 12.9829 |
| Woodie | 12.4039 | 12.5682 | 12.7301 | 12.8944 | 13.0563 | 13.2206 | 13.3825 |
| Fibonacci | 12.5686 | 12.6932 | 12.7702 | 12.8948 | 13.0194 | 13.0964 | 13.2210 |
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): | 56.61 | |
| MACD (12,26,9): | 0.0083 | |
| Directional Movement: | -5.9696 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 13.3527 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.3723 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 13.3075 | |
| Zig ZAG (10): | 13.3514 | |
| VORTEX (21): | 1.1614 | |
| Stochastique (14,3,5): | 57.07 | |
| TEMA (21): | 13.3512 | |
| Williams %R (14): | -22.34 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | 0.0870 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0097 | |
| Courbe Coppock: | 0.16 |
| MA7: | 13.2447 | |
| MA20: | 13.0371 | |
| MA50: | 12.9202 | |
| MA100: | 12.8011 | |
| MAexp7: | 13.3482 | |
| MAexp20: | 13.3410 | |
| MAexp50: | 13.3180 | |
| MAexp100: | 13.2708 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +2.38% | |
| Price / MA50: | +3.31% | |
| Price / MA100: | +4.27% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.58% |
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.
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