USD/SEK - 1H - Technical analysis published on 02/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 9.3182 SEK
My targets
9.4307 SEK (+0.0468)
9.5410 SEK (+0.1571)
My analysis
USD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.3182 SEK. The next resistance located at 9.4307 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 9.5410 SEK. After this resistance, buyers could then target 9.6650 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/SEK rating 9.3839 SEK. The price registered an increase of +0.49% on the session with the lowest point at 9.2774 SEK and the highest point at 9.4044 SEK. The deviation from the price is +1.15% for the low point and -0.22% for the high point.9.2774
9.4044
9.3839
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
Here is a more detailed summary of the historical variations registered by USD/SEK:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/SEK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. 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
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.2466 | 9.3182 | 9.3779 | 9.3839 | 9.4307 | 9.6650 | 9.9499 |
| Change (%) | -1.46% | -0.70% | -0.06% | - | +0.50% | +3.00% | +6.03% |
| Change | -0.1373 | -0.0657 | -0.0060 | - | +0.0468 | +0.2811 | +0.5660 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1690 | 9.2185 | 9.2785 | 9.3280 | 9.3880 | 9.4375 | 9.4975 |
| Camarilla | 9.3085 | 9.3185 | 9.3286 | 9.3386 | 9.3486 | 9.3587 | 9.3687 |
| Woodie | 9.1744 | 9.2211 | 9.2839 | 9.3306 | 9.3934 | 9.4401 | 9.5029 |
| Fibonacci | 9.2185 | 9.2603 | 9.2861 | 9.3280 | 9.3698 | 9.3956 | 9.4375 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8735 | 8.9750 | 9.1565 | 9.2580 | 9.4395 | 9.5410 | 9.7225 |
| Camarilla | 9.2601 | 9.2860 | 9.3120 | 9.3379 | 9.3638 | 9.3898 | 9.4157 |
| Woodie | 8.9134 | 8.9950 | 9.1964 | 9.2780 | 9.4794 | 9.5610 | 9.7624 |
| Fibonacci | 8.9750 | 9.0831 | 9.1499 | 9.2580 | 9.3661 | 9.4329 | 9.5410 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4101 | 8.6539 | 8.9930 | 9.2368 | 9.5759 | 9.8197 | 10.1588 |
| Camarilla | 9.1719 | 9.2253 | 9.2788 | 9.3322 | 9.3856 | 9.4391 | 9.4925 |
| Woodie | 8.4579 | 8.6777 | 9.0408 | 9.2606 | 9.6237 | 9.8435 | 10.2066 |
| Fibonacci | 8.6539 | 8.8765 | 9.0141 | 9.2368 | 9.4594 | 9.5970 | 9.8197 |
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): | 63.23 | |
| MACD (12,26,9): | 0.0068 | |
| Directional Movement: | 18.2669 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 9.3373 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2956 | |
| Elder Ray (13): | 0.0498 | |
| Super Trend (3,10): | 9.3024 | |
| Zig ZAG (10): | 9.3730 | |
| VORTEX (21): | 1.0680 | |
| Stochastique (14,3,5): | 80.62 | |
| TEMA (21): | 9.3400 | |
| Williams %R (14): | -22.05 | |
| Chande Momentum Oscillator (20): | 0.0556 | |
| Repulse (5,40,3): | 0.4171 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0036 | |
| Courbe Coppock: | 0.10 |
| MA7: | 9.3336 | |
| MA20: | 9.2695 | |
| MA50: | 9.1598 | |
| MA100: | 8.9788 | |
| MAexp7: | 9.3441 | |
| MAexp20: | 9.3291 | |
| MAexp50: | 9.3194 | |
| MAexp100: | 9.3079 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +4.51% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.82% |
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.
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