GBP/SEK

- SEK (-)

- Real time data - Forex

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Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - Daily - Technical analysis published on 07/24/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

44%

28%

My opinion

Bearish under 13.5821 SEK

My targets

13.0261 SEK (-0.3345)

12.8524 SEK (-0.5082)

My analysis

The strong short-term decline in GBP/SEK calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 13.5821 SEK, one could consider taking advantage of the short-term movement. The first bearish objective is located at 13.0261 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.8524 SEK as an objective. Crossing it would then enable sellers to target 12.7257 SEK. Be careful, a return to above 13.5821 SEK could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

0.9

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

The GBP/SEK price is 13.3606 SEK. The price has increased by +0.00% since the last closing with the lowest point at 13.3253 SEK and the highest point at 13.4312 SEK. The deviation from the price is +0.26% for the low point and -0.53% for the high point.

13.3253

13.4312

13.3606

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/SEK indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.7257	12.8524	13.0261	13.3606	13.5821	13.7708	13.9672
Change (%)	-4.75%	-3.80%	-2.50%	-	+1.66%	+3.07%	+4.54%
Change	-0.6349	-0.5082	-0.3345	-	+0.2215	+0.4102	+0.6066
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.2329	13.2668	13.3139	13.3478	13.3949	13.4288	13.4759
Camarilla	13.3387	13.3462	13.3536	13.3610	13.3684	13.3759	13.3833
Woodie	13.2395	13.2701	13.3205	13.3511	13.4015	13.4321	13.4825
Fibonacci	13.2668	13.2977	13.3169	13.3478	13.3787	13.3979	13.4288

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.9109	13.0341	13.1976	13.3208	13.4843	13.6075	13.7710
Camarilla	13.2822	13.3084	13.3347	13.3610	13.3873	13.4136	13.4398
Woodie	12.9310	13.0442	13.2177	13.3309	13.5044	13.6176	13.7911
Fibonacci	13.0341	13.1437	13.2113	13.3208	13.4304	13.4980	13.6075

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	38.61
MACD (12,26,9):	-0.0631
Directional Movement:	-10.7275
AROON (14):	-64.2857
DEMA (21):	13.4543
Parabolic SAR (0,02-0,02-0,2):	13.6634
Elder Ray (13):	-0.0812
Super Trend (3,10):	13.6455
Zig ZAG (10):	13.3590
VORTEX (21):	0.8912
Stochastique (14,3,5):	22.58
TEMA (21):	13.3218
Williams %R (14):	-75.94
Chande Momentum Oscillator (20):	-0.5718
Repulse (5,40,3):	-0.0661
ROCnROLL:	2
TRIX (15,9):	-0.0087
Courbe Coppock:	5.72

MA7:	13.3479
MA20:	13.5942
MA50:	13.5065
MA100:	13.1724
MAexp7:	13.3851
MAexp20:	13.5029
MAexp50:	13.4425
MAexp100:	13.2451
Price / MA7:	+0.10%
Price / MA20:	-1.72%
Price / MA50:	-1.08%
Price / MA100:	+1.43%
Price / MAexp7:	-0.18%
Price / MAexp20:	-1.05%
Price / MAexp50:	-0.61%
Price / MAexp100:	+0.87%

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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