JPY/SEK - 1H - Technical analysis published on 08/05/2024 (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
83%
0%
17%
My opinion
Bullish above 0.07438 SEK
My targets
0.07620 SEK (+0.00175)
0.07622 SEK (+0.00177)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/SEK as long as the price remains well above 0.07438 SEK. The buyers' bullish objective is set at 0.07620 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07622 SEK. If there is any crossing, the next objective would be the resistance located at 0.07888 SEK. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/SEK rating 0.07445 SEK. The price has increased by +3.15% since the last closing and was between 0.07193 SEK and 0.07543 SEK. This implies that the price is at +3.50% from its lowest and at -1.30% from its highest.0.07193
0.07543
0.07445
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07228 | 0.07256 | 0.07324 | 0.07445 | 0.07888 | 0.08127 | 0.08706 |
| Change (%) | -2.91% | -2.54% | -1.63% | - | +5.95% | +9.16% | +16.94% |
| Change | -0.00217 | -0.00189 | -0.00121 | - | +0.00443 | +0.00682 | +0.01261 |
| Level | Major | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07056 | 0.07103 | 0.07161 | 0.07208 | 0.07266 | 0.07313 | 0.07371 |
| Camarilla | 0.07189 | 0.07199 | 0.07208 | 0.07218 | 0.07228 | 0.07237 | 0.07247 |
| Woodie | 0.07061 | 0.07106 | 0.07166 | 0.07211 | 0.07271 | 0.07316 | 0.07376 |
| Fibonacci | 0.07103 | 0.07143 | 0.07168 | 0.07208 | 0.07248 | 0.07273 | 0.07313 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06744 | 0.06854 | 0.07036 | 0.07146 | 0.07328 | 0.07438 | 0.07620 |
| Camarilla | 0.07138 | 0.07165 | 0.07191 | 0.07218 | 0.07245 | 0.07272 | 0.07298 |
| Woodie | 0.06780 | 0.06872 | 0.07072 | 0.07164 | 0.07364 | 0.07456 | 0.07656 |
| Fibonacci | 0.06854 | 0.06966 | 0.07035 | 0.07146 | 0.07258 | 0.07327 | 0.07438 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06006 | 0.06244 | 0.06695 | 0.06933 | 0.07384 | 0.07622 | 0.08073 |
| Camarilla | 0.06956 | 0.07019 | 0.07082 | 0.07145 | 0.07208 | 0.07271 | 0.07335 |
| Woodie | 0.06112 | 0.06297 | 0.06801 | 0.06986 | 0.07490 | 0.07675 | 0.08179 |
| Fibonacci | 0.06244 | 0.06508 | 0.06670 | 0.06933 | 0.07197 | 0.07359 | 0.07622 |
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
Moving averages
| RSI (14): | 71.89 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 25.08384 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 0.07412 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07356 | |
| Elder Ray (13): | 0.00086 | |
| Super Trend (3,10): | 0.07320 | |
| Zig ZAG (10): | 0.07460 | |
| VORTEX (21): | 1.2440 | |
| Stochastique (14,3,5): | 70.50 | |
| TEMA (21): | 0.07447 | |
| Williams %R (14): | -25.36 | |
| Chande Momentum Oscillator (20): | 0.00225 | |
| Repulse (5,40,3): | 0.4351 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0990 | |
| Courbe Coppock: | 5.38 |
| MA7: | 0.07163 | |
| MA20: | 0.06900 | |
| MA50: | 0.06738 | |
| MA100: | 0.06859 | |
| MAexp7: | 0.07410 | |
| MAexp20: | 0.07333 | |
| MAexp50: | 0.07250 | |
| MAexp100: | 0.07180 | |
| Price / MA7: | +3.94% | |
| Price / MA20: | +7.90% | |
| Price / MA50: | +10.49% | |
| Price / MA100: | +8.54% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +1.53% | |
| Price / MAexp50: | +2.69% | |
| Price / MAexp100: | +3.69% |
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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