USD/SEK
USD SEK
- SEK (-)
- Real time data - Forex
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Type: Forex
Ticker: USDSEK
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USD/SEK - 1H - Technical analysis published on 04/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.4702 SEK
My targets
9.5402 SEK (+0.0390)
9.5661 SEK (+0.0649)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/SEK as long as the price remains well above 9.4702 SEK. The buyers' bullish objective is set at 9.5402 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.5661 SEK. If there is any crossing, the next objective would be the resistance located at 9.6650 SEK.

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
6.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/SEK rating 9.5012 SEK. On the day, this instrument gained +0.32% and was traded between 9.4176 SEK and 9.5120 SEK over the period. The price is currently at +0.89% from its lowest and -0.11% from its highest.

9.4176
9.5120
9.5012

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/SEK:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/SEK in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.4501 9.4702 9.4949 9.5012 9.5402 9.5661 9.6650
Change (%) -0.54% -0.33% -0.07% - +0.41% +0.68% +1.72%
Change -0.0511 -0.0310 -0.0063 - +0.0390 +0.0649 +0.1638
Level Major Minor Intermediate - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.33819.40289.43689.50159.53559.60029.6342
Camarilla9.44389.45289.46199.47099.48009.48909.4980
Woodie9.32299.39519.42169.49389.52039.59259.6190
Fibonacci9.40289.44059.46389.50159.53929.56259.6002


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.20619.27719.36639.43739.52659.59759.6867
Camarilla9.41159.42619.44089.45559.47029.48499.4996
Woodie9.21529.28179.37549.44199.53569.60219.6958
Fibonacci9.27719.33839.37619.43739.49859.53639.5975


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21468.72199.05529.56259.895810.403110.7364
Camarilla9.15729.23439.31149.38849.46559.54259.6196
Woodie8.12758.67848.96819.51909.808710.359610.6493
Fibonacci8.72199.04309.24149.56259.883610.082010.4031

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): 57.64
MACD (12,26,9): -0.0063
Directional Movement: 8.6563
AROON (14): 50.0000
DEMA (21): 9.4626
Parabolic SAR (0,02-0,02-0,2): 9.4227
Elder Ray (13): 0.0339
Super Trend (3,10): 9.4329
Zig ZAG (10): 9.4992
VORTEX (21): 1.0644
Stochastique (14,3,5): 91.44
TEMA (21): 9.4640
Williams %R (14): -11.97
Chande Momentum Oscillator (20): 0.0379
Repulse (5,40,3): 0.4613
ROCnROLL: 1
TRIX (15,9): -0.0212
Courbe Coppock: 0.19
MA7: 9.4876
MA20: 9.4342
MA50: 9.4621
MA100: 9.2911
MAexp7: 9.4758
MAexp20: 9.4739
MAexp50: 9.4846
MAexp100: 9.4800
Price / MA7: +0.14%
Price / MA20: +0.71%
Price / MA50: +0.41%
Price / MA100: +2.26%
Price / MAexp7: +0.27%
Price / MAexp20: +0.29%
Price / MAexp50: +0.18%
Price / MAexp100: +0.22%

Quotes : - Real time data - Forex

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

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