GBP/SEK - 1H - Technical analysis published on 08/14/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 13.6939 SEK
My targets
13.7708 SEK (+0.0185)
13.8565 SEK (+0.1042)
My analysis
The bullish trend is currently very strong on GBP/SEK. As long as the price remains above the support at 13.6939 SEK, you could try to benefit from the boom. The first bullish objective is located at 13.7708 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.8565 SEK as an objective. Crossing it would then enable buyers to target 13.9672 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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
0
10
7.5
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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 13.7523 SEK. The price registered an increase of +0.00% on the session and was between 13.6481 SEK and 13.7755 SEK. This implies that the price is at +0.76% from its lowest and at -0.17% from its highest.13.6481
13.7755
13.7523
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/SEK in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.5821 | 13.6491 | 13.6939 | 13.7523 | 13.7708 | 13.9672 |
| Change (%) | -1.24% | -0.75% | -0.42% | - | +0.13% | +1.56% |
| Change | -0.1702 | -0.1032 | -0.0584 | - | +0.0185 | +0.2149 |
| Level | Major | Minor | Minor | - | Intermediate | Major |
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 | 13.4144 | 13.4879 | 13.6202 | 13.6937 | 13.8260 | 13.8995 | 14.0318 |
| Camarilla | 13.6960 | 13.7149 | 13.7337 | 13.7526 | 13.7715 | 13.7903 | 13.8092 |
| Woodie | 13.4439 | 13.5026 | 13.6497 | 13.7084 | 13.8555 | 13.9142 | 14.0613 |
| Fibonacci | 13.4879 | 13.5665 | 13.6151 | 13.6937 | 13.7723 | 13.8209 | 13.8995 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.2621 | 13.3660 | 13.5593 | 13.6632 | 13.8565 | 13.9604 | 14.1537 |
| Camarilla | 13.6709 | 13.6981 | 13.7254 | 13.7526 | 13.7798 | 13.8071 | 13.8343 |
| Woodie | 13.3068 | 13.3884 | 13.6040 | 13.6856 | 13.9012 | 13.9828 | 14.1984 |
| Fibonacci | 13.3660 | 13.4795 | 13.5497 | 13.6632 | 13.7767 | 13.8469 | 13.9604 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.2723 | 12.7149 | 13.1102 | 13.5528 | 13.9481 | 14.3907 | 14.7860 |
| Camarilla | 13.2752 | 13.3520 | 13.4288 | 13.5056 | 13.5824 | 13.6592 | 13.7360 |
| Woodie | 12.2488 | 12.7031 | 13.0867 | 13.5410 | 13.9246 | 14.3789 | 14.7625 |
| Fibonacci | 12.7149 | 13.0349 | 13.2327 | 13.5528 | 13.8728 | 14.0706 | 14.3907 |
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): | 64.22 | |
| MACD (12,26,9): | 0.0338 | |
| Directional Movement: | 11.9411 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 13.7764 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.6906 | |
| Elder Ray (13): | 0.0123 | |
| Super Trend (3,10): | 13.6815 | |
| Zig ZAG (10): | 13.7635 | |
| VORTEX (21): | 1.2451 | |
| Stochastique (14,3,5): | 87.70 | |
| TEMA (21): | 13.7813 | |
| Williams %R (14): | -9.50 | |
| Chande Momentum Oscillator (20): | 0.0107 | |
| Repulse (5,40,3): | 0.0829 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0413 | |
| Courbe Coppock: | 0.30 |
| MA7: | 13.6193 | |
| MA20: | 13.5005 | |
| MA50: | 13.5872 | |
| MA100: | 13.2936 | |
| MAexp7: | 13.7575 | |
| MAexp20: | 13.7292 | |
| MAexp50: | 13.6735 | |
| MAexp100: | 13.6338 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +1.87% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.87% |
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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