GBP/SEK - 1H - Technical analysis published on 07/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 13.7274 SEK
My targets
13.7708 SEK (+0.0147)
13.8924 SEK (+0.1363)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 13.7274 SEK remains possible. It is advisable to trade GBP/SEK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 13.7274 SEK. The next bullish objective for buyers 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 13.8924 SEK. If there is any crossing, the next objective would be the resistance located at 13.9672 SEK. PS: if there is a bearish break in the support located at 13.7274 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.4
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Additional analysis
Quotes
The GBP/SEK rating is 13.7561 SEK. The price is lower by -0.02% since the last closing with the lowest point at 13.7383 SEK and the highest point at 13.7986 SEK. The deviation from the price is +0.13% for the low point and -0.31% for the high point.13.7383
13.7986
13.7561
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 GBP/SEK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.5821 | 13.6877 | 13.7274 | 13.7561 | 13.7708 | 13.9672 |
| Change (%) | -1.26% | -0.50% | -0.21% | - | +0.11% | +1.53% |
| Change | -0.1740 | -0.0684 | -0.0287 | - | +0.0147 | +0.2111 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5970 | 13.6373 | 13.6979 | 13.7382 | 13.7988 | 13.8391 | 13.8997 |
| Camarilla | 13.7307 | 13.7399 | 13.7492 | 13.7584 | 13.7677 | 13.7769 | 13.7862 |
| Woodie | 13.6071 | 13.6424 | 13.7080 | 13.7433 | 13.8089 | 13.8442 | 13.9098 |
| Fibonacci | 13.6373 | 13.6759 | 13.6997 | 13.7382 | 13.7768 | 13.8006 | 13.8391 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.3753 | 13.4698 | 13.5866 | 13.6811 | 13.7979 | 13.8924 | 14.0092 |
| Camarilla | 13.6452 | 13.6646 | 13.6839 | 13.7033 | 13.7227 | 13.7420 | 13.7614 |
| Woodie | 13.3864 | 13.4754 | 13.5977 | 13.6867 | 13.8090 | 13.8980 | 14.0203 |
| Fibonacci | 13.4698 | 13.5506 | 13.6004 | 13.6811 | 13.7619 | 13.8117 | 13.8924 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.0129 | 13.2018 | 13.4525 | 13.6414 | 13.8921 | 14.0810 | 14.3317 |
| Camarilla | 13.5824 | 13.6227 | 13.6630 | 13.7033 | 13.7436 | 13.7839 | 13.8242 |
| Woodie | 13.0439 | 13.2173 | 13.4835 | 13.6569 | 13.9231 | 14.0965 | 14.3627 |
| Fibonacci | 13.2018 | 13.3697 | 13.4734 | 13.6414 | 13.8093 | 13.9130 | 14.0810 |
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): | 49.91 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 2.7214 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 13.7679 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.7459 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 13.7208 | |
| Zig ZAG (10): | 13.7555 | |
| VORTEX (21): | 1.0203 | |
| Stochastique (14,3,5): | 29.91 | |
| TEMA (21): | 13.7648 | |
| Williams %R (14): | -72.64 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.1480 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0079 | |
| Courbe Coppock: | 0.08 |
| MA7: | 13.6937 | |
| MA20: | 13.6376 | |
| MA50: | 13.3212 | |
| MA100: | 13.0330 | |
| MAexp7: | 13.7622 | |
| MAexp20: | 13.7592 | |
| MAexp50: | 13.7430 | |
| MAexp100: | 13.7206 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +3.26% | |
| Price / MA100: | +5.55% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.26% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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