GBP/SEK - 1H - Technical analysis published on 07/07/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 13.8924 SEK
My targets
13.9672 SEK (+0.0358)
My analysis
The basic bullish trend is very strong on GBP/SEK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 13.8924 SEK. Crossing the first resistance at 13.9672 SEK would be a sign of a potential new surge in the price. Caution, a return to below 13.8924 SEK would be a sign of a consolidation phase in the short-term basic trend. 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 are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/SEK rating is 13.9314 SEK. The price has increased by +0.00% since the last closing and was traded between 13.9297 SEK and 13.9321 SEK over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.13.9297
13.9321
13.9314
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SEK indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 13.5821 | 13.6781 | 13.7708 | 13.9314 | 13.9672 |
| Change (%) | -2.51% | -1.82% | -1.15% | - | +0.26% |
| Change | -0.3493 | -0.2533 | -0.1606 | - | +0.0358 |
| Level | Major | Intermediate | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.7788 | 13.8349 | 13.8831 | 13.9392 | 13.9874 | 14.0435 | 14.0917 |
| Camarilla | 13.9026 | 13.9122 | 13.9217 | 13.9313 | 13.9409 | 13.9504 | 13.9600 |
| Woodie | 13.7749 | 13.8329 | 13.8792 | 13.9372 | 13.9835 | 14.0415 | 14.0878 |
| Fibonacci | 13.8349 | 13.8747 | 13.8994 | 13.9392 | 13.9790 | 14.0037 | 14.0435 |
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 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): | 54.01 | |
| MACD (12,26,9): | 0.0144 | |
| Directional Movement: | 1.9823 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 13.9549 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.9810 | |
| Elder Ray (13): | -0.0063 | |
| Super Trend (3,10): | 13.8973 | |
| Zig ZAG (10): | 13.9306 | |
| VORTEX (21): | 1.0193 | |
| Stochastique (14,3,5): | 28.21 | |
| TEMA (21): | 13.9430 | |
| Williams %R (14): | -74.83 | |
| Chande Momentum Oscillator (20): | -0.0229 | |
| Repulse (5,40,3): | -0.0041 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0226 | |
| Courbe Coppock: | 0.09 |
| MA7: | 13.7712 | |
| MA20: | 13.6738 | |
| MA50: | 13.3637 | |
| MA100: | 13.0608 | |
| MAexp7: | 13.9369 | |
| MAexp20: | 13.9312 | |
| MAexp50: | 13.8872 | |
| MAexp100: | 13.8313 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +4.25% | |
| Price / MA100: | +6.67% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.72% |
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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