GBP/SEK - 1H - Technical analysis published on 01/05/2024 (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
89%
0%
11%
My opinion
Bullish above 12.9770 SEK
My targets
13.0411 SEK (+0.0213)
13.0926 SEK (+0.0728)
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 12.9770 SEK. The buyers' bullish objective is set at 13.0411 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.0926 SEK. If there is any crossing, the next objective would be the resistance located at 13.2906 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/SEK rating 13.0198 SEK. The price registered an increase of +0.54% on the session and was between 12.9419 SEK and 13.0267 SEK. This implies that the price is at +0.60% from its lowest and at -0.05% from its highest.12.9419
13.0267
13.0198
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SEK indicates that the overall trend is strongly bullish. 89.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.9019 | 12.9770 | 13.0134 | 13.0198 | 13.0411 | 13.0926 | 13.2906 |
| Change (%) | -0.91% | -0.33% | -0.05% | - | +0.16% | +0.56% | +2.08% |
| Change | -0.1179 | -0.0428 | -0.0064 | - | +0.0213 | +0.0728 | +0.2708 |
| Level | Minor | Minor | Minor | - | Major | 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 | 12.8223 | 12.8842 | 12.9170 | 12.9789 | 13.0117 | 13.0736 | 13.1064 |
| Camarilla | 12.9239 | 12.9325 | 12.9412 | 12.9499 | 12.9586 | 12.9673 | 12.9759 |
| Woodie | 12.8079 | 12.8769 | 12.9026 | 12.9716 | 12.9973 | 13.0663 | 13.0920 |
| Fibonacci | 12.8842 | 12.9203 | 12.9427 | 12.9789 | 13.0150 | 13.0374 | 13.0736 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.5342 | 12.6044 | 12.7262 | 12.7964 | 12.9182 | 12.9884 | 13.1102 |
| Camarilla | 12.7952 | 12.8128 | 12.8304 | 12.8480 | 12.8656 | 12.8832 | 12.9008 |
| Woodie | 12.5600 | 12.6173 | 12.7520 | 12.8093 | 12.9440 | 13.0013 | 13.1360 |
| Fibonacci | 12.6044 | 12.6777 | 12.7231 | 12.7964 | 12.8697 | 12.9151 | 12.9884 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0131 | 12.3439 | 12.5959 | 12.9267 | 13.1787 | 13.5095 | 13.7615 |
| Camarilla | 12.6877 | 12.7412 | 12.7946 | 12.8480 | 12.9014 | 12.9549 | 13.0083 |
| Woodie | 11.9738 | 12.3242 | 12.5566 | 12.9070 | 13.1394 | 13.4898 | 13.7222 |
| Fibonacci | 12.3439 | 12.5665 | 12.7040 | 12.9267 | 13.1493 | 13.2868 | 13.5095 |
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): | 67.49 | |
| MACD (12,26,9): | 0.0089 | |
| Directional Movement: | 8.3819 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 12.9922 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.9709 | |
| Elder Ray (13): | 0.0297 | |
| Super Trend (3,10): | 12.9553 | |
| Zig ZAG (10): | 13.0182 | |
| VORTEX (21): | 1.1243 | |
| Stochastique (14,3,5): | 91.90 | |
| TEMA (21): | 12.9974 | |
| Williams %R (14): | -9.43 | |
| Chande Momentum Oscillator (20): | 0.0708 | |
| Repulse (5,40,3): | 0.2037 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.56 |
| MA7: | 12.8963 | |
| MA20: | 12.9243 | |
| MA50: | 13.1336 | |
| MA100: | 13.3861 | |
| MAexp7: | 13.0005 | |
| MAexp20: | 12.9842 | |
| MAexp50: | 12.9668 | |
| MAexp100: | 12.9242 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -2.74% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.74% |
Quotes :
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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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