GBP/SEK - 1H - Technical analysis published on 09/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 13.9315 SEK
My targets
13.9672 SEK (+0.0165)
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 13.9315 SEK. The buyers' bullish objective is set at 13.9672 SEK. A bullish break in this resistance would boost the bullish momentum. 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
0
10
8
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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 price is 13.9507 SEK. The price has increased by +0.00% since the last closing and was traded between 13.9464 SEK and 13.9522 SEK over the period. The price is currently at +0.03% from its lowest and -0.01% from its highest.13.9464
13.9522
13.9507
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
A technical analysis in 1H of this GBP/SEK chart shows a strongly 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.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 13.8416 | 13.8819 | 13.9315 | 13.9507 | 13.9672 |
| Change (%) | -0.78% | -0.49% | -0.14% | - | +0.12% |
| Change | -0.1091 | -0.0688 | -0.0192 | - | +0.0165 |
| Level | Major | Intermediate | 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 | 13.7999 | 13.8403 | 13.8956 | 13.9360 | 13.9913 | 14.0317 | 14.0870 |
| Camarilla | 13.9245 | 13.9333 | 13.9420 | 13.9508 | 13.9596 | 13.9684 | 13.9771 |
| Woodie | 13.8073 | 13.8440 | 13.9030 | 13.9397 | 13.9987 | 14.0354 | 14.0944 |
| Fibonacci | 13.8403 | 13.8769 | 13.8995 | 13.9360 | 13.9726 | 13.9952 | 14.0317 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5457 | 13.6336 | 13.7689 | 13.8568 | 13.9921 | 14.0800 | 14.2153 |
| Camarilla | 13.8429 | 13.8634 | 13.8838 | 13.9043 | 13.9248 | 13.9452 | 13.9657 |
| Woodie | 13.5695 | 13.6455 | 13.7927 | 13.8687 | 14.0159 | 14.0919 | 14.2391 |
| Fibonacci | 13.6336 | 13.7188 | 13.7715 | 13.8568 | 13.9420 | 13.9947 | 14.0800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.0117 | 13.2368 | 13.5576 | 13.7827 | 14.1035 | 14.3286 | 14.6494 |
| Camarilla | 13.7283 | 13.7783 | 13.8284 | 13.8784 | 13.9284 | 13.9785 | 14.0285 |
| Woodie | 13.0596 | 13.2607 | 13.6055 | 13.8066 | 14.1514 | 14.3525 | 14.6973 |
| Fibonacci | 13.2368 | 13.4453 | 13.5742 | 13.7827 | 13.9912 | 14.1201 | 14.3286 |
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): | 57.73 | |
| MACD (12,26,9): | 0.0108 | |
| Directional Movement: | 4.4141 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 13.9531 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.9736 | |
| Elder Ray (13): | 0.0057 | |
| Super Trend (3,10): | 13.8934 | |
| Zig ZAG (10): | 13.9521 | |
| VORTEX (21): | 1.0724 | |
| Stochastique (14,3,5): | 70.64 | |
| TEMA (21): | 13.9566 | |
| Williams %R (14): | -32.63 | |
| Chande Momentum Oscillator (20): | 0.0209 | |
| Repulse (5,40,3): | 0.0751 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0111 | |
| Courbe Coppock: | 0.46 |
| MA7: | 13.8545 | |
| MA20: | 13.8368 | |
| MA50: | 13.6735 | |
| MA100: | 13.4531 | |
| MAexp7: | 13.9496 | |
| MAexp20: | 13.9391 | |
| MAexp50: | 13.9201 | |
| MAexp100: | 13.8977 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +3.70% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.38% |
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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