GBP/SEK
GBP SEK
0.8140 SEK (-3.62%)
04/04/2025 - 20:59 Closed Real time data - Forex
Open: 0.8446
Change: -0.0306
Volume: 112,943
Low: 0.8069
High: 0.8455
High / Low range: 0.0386
Type: Forex
Ticker: GBPSEK
ISIN:

GBP/SEK - 1H - Technical analysis published on 08/28/2024 (GMT)

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  • 08/28/2024 - 18:50
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  • Timeframe : 1H
  • - Analysis generated on 08/28/2024 - 18:50
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 13.5091 SEK
My targets
13.4396 SEK (-0.0168)
13.3789 SEK (-0.0775)
My analysis
GBP/SEK is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 13.5091 SEK, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 13.4396 SEK. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 13.3789 SEK would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 13.3372 SEK. Beware of a possible return to above the resistance located at 13.5091 SEK which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.8

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:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/SEK rating 13.4564 SEK. On the day, this instrument lost -0.02% and was traded between 13.4420 SEK and 13.4847 SEK over the period. The price is currently at +0.11% from its lowest and -0.21% from its highest.

13.4420
13.4847
13.4564

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-7.507.515January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/SEK in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a bearish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.3372 13.3789 13.4396 13.4564 13.5091 13.5376 13.5821
Change (%) -0.89% -0.58% -0.12% - +0.39% +0.60% +0.93%
Change -0.1192 -0.0775 -0.0168 - +0.0527 +0.0812 +0.1257
Level Minor Minor Intermediate - Major Minor 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
Standard13.352513.394013.426613.468113.500713.542213.5748
Camarilla13.438813.445613.452413.459213.466013.472813.4796
Woodie13.348113.391813.422213.465913.496313.540013.5704
Fibonacci13.394013.422313.439813.468113.496413.513913.5422


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.062013.173513.314913.426413.567813.679313.8207
Camarilla13.386913.410013.433213.456413.479613.502813.5260
Woodie13.077113.181013.330013.433913.582913.686813.8358
Fibonacci13.173513.270113.329813.426413.523013.582713.6793


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.705313.024613.389913.709214.074514.393814.7591
Camarilla13.566913.629713.692513.755213.818013.880713.9435
Woodie12.728313.036113.412913.720714.097514.405314.7821
Fibonacci13.024613.286113.447713.709213.970714.132314.3938

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
Created with Raphaël 2.3.0Sell11
Moving averages
Created with Raphaël 2.3.0Sell15

RSI (14): 46.27
MACD (12,26,9): -0.0023
Directional Movement: -1.2669
AROON (14): 28.5715
DEMA (21): 13.4577
Parabolic SAR (0,02-0,02-0,2): 13.4822
Elder Ray (13): -0.0045
Super Trend (3,10): 13.5037
Zig ZAG (10): 13.4541
VORTEX (21): 0.9966
Stochastique (14,3,5): 26.70
TEMA (21): 13.4564
Williams %R (14): -68.62
Chande Momentum Oscillator (20): -0.0131
Repulse (5,40,3): -0.0251
ROCnROLL: 2
TRIX (15,9): -0.0012
Courbe Coppock: 0.02
MA7: 13.4130
MA20: 13.4416
MA50: 13.5369
MA100: 13.5257
MAexp7: 13.4568
MAexp20: 13.4603
MAexp50: 13.4606
MAexp100: 13.4519
Price / MA7: +0.32%
Price / MA20: +0.11%
Price / MA50: -0.59%
Price / MA100: -0.51%
Price / MAexp7: +0.00%
Price / MAexp20: -0.03%
Price / MAexp50: -0.03%
Price / MAexp100: +0.03%

Quotes : 08/28/2024 - 18:50 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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