JPY/SEK - 1H - Technical analysis published on 12/17/2024 (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:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.07129 SEK
My targets
0.07050 SEK (-0.00027)
0.07006 SEK (-0.00071)
My analysis
The basic trend is very bearish on JPY/SEK but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on JPY/SEK. As long as you stay below the resistance 0.07129 SEK, sellers' retain the upper hand. A break in the support at 0.07050 SEK would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.07006 SEK as an objective. Crossing it would then enable sellers to target 0.06937 SEK. If the price were to depress the resistance 0.07129 SEK in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
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
3.2
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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 0.07077 SEK. The price registered an increase of +0.23% on the session and was traded between 0.07047 SEK and 0.07085 SEK over the period. The price is currently at +0.43% from its lowest and -0.11% from its highest.0.07047
0.07085
0.07077
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/SEK indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.06829 | 0.06937 | 0.07050 | 0.07077 | 0.07129 | 0.07165 | 0.07232 |
| Change (%) | -3.50% | -1.98% | -0.38% | - | +0.73% | +1.24% | +2.19% |
| Change | -0.00248 | -0.00140 | -0.00027 | - | +0.00052 | +0.00088 | +0.00155 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | 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 | 0.06904 | 0.06977 | 0.07019 | 0.07092 | 0.07134 | 0.07207 | 0.07249 |
| Camarilla | 0.07029 | 0.07040 | 0.07051 | 0.07061 | 0.07072 | 0.07082 | 0.07093 |
| Woodie | 0.06889 | 0.06969 | 0.07004 | 0.07084 | 0.07119 | 0.07199 | 0.07234 |
| Fibonacci | 0.06977 | 0.07021 | 0.07048 | 0.07092 | 0.07136 | 0.07163 | 0.07207 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06886 | 0.07006 | 0.07077 | 0.07197 | 0.07268 | 0.07388 | 0.07459 |
| Camarilla | 0.07095 | 0.07112 | 0.07130 | 0.07147 | 0.07165 | 0.07182 | 0.07200 |
| Woodie | 0.06861 | 0.06994 | 0.07052 | 0.07185 | 0.07243 | 0.07376 | 0.07434 |
| Fibonacci | 0.07006 | 0.07079 | 0.07124 | 0.07197 | 0.07270 | 0.07315 | 0.07388 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06751 | 0.06863 | 0.07066 | 0.07178 | 0.07381 | 0.07493 | 0.07696 |
| Camarilla | 0.07183 | 0.07212 | 0.07241 | 0.07270 | 0.07299 | 0.07328 | 0.07357 |
| Woodie | 0.06798 | 0.06886 | 0.07113 | 0.07201 | 0.07428 | 0.07516 | 0.07743 |
| Fibonacci | 0.06863 | 0.06983 | 0.07057 | 0.07178 | 0.07298 | 0.07372 | 0.07493 |
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): | 45.94 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -9.93348 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.07059 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07047 | |
| Elder Ray (13): | 0.00003 | |
| Super Trend (3,10): | 0.07099 | |
| Zig ZAG (10): | 0.07081 | |
| VORTEX (21): | 0.8297 | |
| Stochastique (14,3,5): | 81.32 | |
| TEMA (21): | 0.07063 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.00023 | |
| Repulse (5,40,3): | 0.3273 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0397 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.07163 | |
| MA20: | 0.07205 | |
| MA50: | 0.07088 | |
| MA100: | 0.07100 | |
| MAexp7: | 0.07073 | |
| MAexp20: | 0.07080 | |
| MAexp50: | 0.07113 | |
| MAexp100: | 0.07150 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -1.78% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -1.02% |
Quotes :
-
Real time data
-
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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