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 06/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 13.5821 SEK

My targets

13.7708 SEK (+0.0688)

13.9672 SEK (+0.2652)

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 13.5821 SEK. The buyers' bullish objective is set at 13.7708 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target 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, 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

7.5

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

The GBP/SEK price is 13.7020 SEK. The price registered an increase of +0.00% on the session and was between 13.6868 SEK and 13.7757 SEK. This implies that the price is at +0.11% from its lowest and at -0.54% from its highest.

13.6868

13.7757

13.7020

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/SEK indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	12.8524	13.0926	13.5821	13.7020	13.7708	13.9672
Change (%)	-6.20%	-4.45%	-0.88%	-	+0.50%	+1.94%
Change	-0.8496	-0.6094	-0.1199	-	+0.0688	+0.2652
Level	Minor	Intermediate	Major	-	Major	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	13.4231	13.4938	13.5979	13.6686	13.7727	13.8434	13.9475
Camarilla	13.6540	13.6701	13.6861	13.7021	13.7181	13.7342	13.7502
Woodie	13.4399	13.5022	13.6147	13.6770	13.7895	13.8518	13.9643
Fibonacci	13.4938	13.5605	13.6018	13.6686	13.7353	13.7766	13.8434

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.2362	13.3988	13.5051	13.6677	13.7740	13.9366	14.0429
Camarilla	13.5376	13.5622	13.5869	13.6115	13.6362	13.6608	13.6855
Woodie	13.2082	13.3847	13.4771	13.6536	13.7460	13.9225	14.0149
Fibonacci	13.3988	13.5015	13.5650	13.6677	13.7704	13.8339	13.9366

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.2828	12.5451	13.0197	13.2820	13.7566	14.0189	14.4935
Camarilla	13.2918	13.3593	13.4269	13.4944	13.5620	13.6295	13.6971
Woodie	12.3891	12.5982	13.1260	13.3351	13.8629	14.0720	14.5998
Fibonacci	12.5451	12.8266	13.0005	13.2820	13.5635	13.7374	14.0189

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.25
MACD (12,26,9):	0.1057
Directional Movement:	14.6219
AROON (14):	35.7143
DEMA (21):	13.7380
Parabolic SAR (0,02-0,02-0,2):	13.8249
Elder Ray (13):	0.0961
Super Trend (3,10):	13.4006
Zig ZAG (10):	13.6968
VORTEX (21):	1.0835
Stochastique (14,3,5):	61.50
TEMA (21):	13.7199
Williams %R (14):	-33.27
Chande Momentum Oscillator (20):	0.1309
Repulse (5,40,3):	0.0191
ROCnROLL:	1
TRIX (15,9):	0.1360
Courbe Coppock:	1.71

MA7:	13.6543
MA20:	13.6145
MA50:	13.2828
MA100:	13.0099
MAexp7:	13.6660
MAexp20:	13.5845
MAexp50:	13.3590
MAexp100:	13.1293
Price / MA7:	+0.35%
Price / MA20:	+0.64%
Price / MA50:	+3.16%
Price / MA100:	+5.32%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.86%
Price / MAexp50:	+2.57%
Price / MAexp100:	+4.36%

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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