JPY/SEK - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.07097 SEK
My targets
0.07041 SEK (-0.00023)
0.07015 SEK (-0.00049)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/SEK. As long as you are under the resistance located at 0.07097 SEK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.07041 SEK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.07015 SEK as an objective. Crossing it would then enable sellers to target 0.06830 SEK. If the resistance 0.07097 SEK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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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 JPY/SEK rating is 0.07064 SEK. The price is lower by -0.01% since the last closing with the lowest point at 0.07051 SEK and the highest point at 0.07080 SEK. The deviation from the price is +0.18% for the low point and -0.23% for the high point.0.07051
0.07080
0.07064
Here is a more detailed summary of the historical variations registered by JPY/SEK:
Technical
Technical analysis of JPY/SEK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.06830 | 0.07015 | 0.07041 | 0.07064 | 0.07097 | 0.07128 | 0.07208 |
| Change (%) | -3.31% | -0.69% | -0.33% | - | +0.47% | +0.91% | +2.04% |
| Change | -0.00234 | -0.00049 | -0.00023 | - | +0.00033 | +0.00064 | +0.00144 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06946 | 0.06994 | 0.07029 | 0.07077 | 0.07112 | 0.07160 | 0.07195 |
| Camarilla | 0.07042 | 0.07050 | 0.07057 | 0.07065 | 0.07073 | 0.07080 | 0.07088 |
| Woodie | 0.06941 | 0.06991 | 0.07024 | 0.07074 | 0.07107 | 0.07157 | 0.07190 |
| Fibonacci | 0.06994 | 0.07025 | 0.07045 | 0.07077 | 0.07108 | 0.07128 | 0.07160 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06505 | 0.06786 | 0.06980 | 0.07261 | 0.07455 | 0.07736 | 0.07930 |
| Camarilla | 0.07042 | 0.07086 | 0.07130 | 0.07173 | 0.07217 | 0.07260 | 0.07304 |
| Woodie | 0.06461 | 0.06764 | 0.06936 | 0.07239 | 0.07411 | 0.07714 | 0.07886 |
| Fibonacci | 0.06786 | 0.06968 | 0.07080 | 0.07261 | 0.07443 | 0.07555 | 0.07736 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.11 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.50236 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 0.07059 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07079 | |
| Elder Ray (13): | -0.00005 | |
| Super Trend (3,10): | 0.07101 | |
| Zig ZAG (10): | 0.07070 | |
| VORTEX (21): | 0.8720 | |
| Stochastique (14,3,5): | 28.31 | |
| TEMA (21): | 0.07061 | |
| Williams %R (14): | -37.93 | |
| Chande Momentum Oscillator (20): | 0.00010 | |
| Repulse (5,40,3): | 0.1152 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0171 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.07116 | |
| MA20: | 0.07099 | |
| MA50: | 0.06811 | |
| MA100: | 0.06872 | |
| MAexp7: | 0.07064 | |
| MAexp20: | 0.07070 | |
| MAexp50: | 0.07085 | |
| MAexp100: | 0.07107 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +3.71% | |
| Price / MA100: | +2.79% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.61% |
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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