USD/SEK - Daily - Technical analysis published on 05/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 10.4312 SEK
My targets
10.1757 SEK (-0.1562)
10.0531 SEK (-0.2788)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/SEK as long as the price remains well below 10.4312 SEK. The sellers' bearish objective is set at 10.1757 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.0531 SEK. In case of crossing, the next objective would be the support located at 9.3182 SEK.
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
3.8
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This analysis was given by Hugo77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/SEK rating is 10.3319 SEK. On the day, this instrument gained +0.65% with the lowest point at 10.2429 SEK and the highest point at 10.3372 SEK. The deviation from the price is +0.87% for the low point and -0.05% for the high point.10.2429
10.3372
10.3319
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/SEK indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced 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.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3182 | 10.0531 | 10.1757 | 10.3319 | 10.4312 | 10.7303 | 11.1928 |
| Change (%) | -9.81% | -2.70% | -1.51% | - | +0.96% | +3.86% | +8.33% |
| Change | -1.0137 | -0.2788 | -0.1562 | - | +0.0993 | +0.3984 | +0.8609 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1040 | 10.1715 | 10.2183 | 10.2858 | 10.3326 | 10.4001 | 10.4469 |
| Camarilla | 10.2336 | 10.2441 | 10.2545 | 10.2650 | 10.2755 | 10.2860 | 10.2964 |
| Woodie | 10.0936 | 10.1663 | 10.2079 | 10.2806 | 10.3222 | 10.3949 | 10.4365 |
| Fibonacci | 10.1715 | 10.2152 | 10.2422 | 10.2858 | 10.3295 | 10.3565 | 10.4001 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0806 | 10.1532 | 10.2091 | 10.2817 | 10.3376 | 10.4102 | 10.4661 |
| Camarilla | 10.2297 | 10.2414 | 10.2532 | 10.2650 | 10.2768 | 10.2886 | 10.3003 |
| Woodie | 10.0723 | 10.1490 | 10.2008 | 10.2775 | 10.3293 | 10.4060 | 10.4578 |
| Fibonacci | 10.1532 | 10.2023 | 10.2326 | 10.2817 | 10.3308 | 10.3611 | 10.4102 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8019 | 10.0139 | 10.1394 | 10.3514 | 10.4769 | 10.6889 | 10.8144 |
| Camarilla | 10.1722 | 10.2031 | 10.2341 | 10.2650 | 10.2959 | 10.3269 | 10.3578 |
| Woodie | 9.7588 | 9.9923 | 10.0963 | 10.3298 | 10.4338 | 10.6673 | 10.7713 |
| Fibonacci | 10.0139 | 10.1428 | 10.2224 | 10.3514 | 10.4803 | 10.5599 | 10.6889 |
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): | 48.61 | |
| MACD (12,26,9): | -0.0340 | |
| Directional Movement: | -8.0659 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 10.2885 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4220 | |
| Elder Ray (13): | -0.0261 | |
| Super Trend (3,10): | 10.5812 | |
| Zig ZAG (10): | 10.3317 | |
| VORTEX (21): | 0.9585 | |
| Stochastique (14,3,5): | 26.03 | |
| TEMA (21): | 10.2773 | |
| Williams %R (14): | -54.00 | |
| Chande Momentum Oscillator (20): | 0.0662 | |
| Repulse (5,40,3): | 0.5014 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0502 | |
| Courbe Coppock: | 2.00 |
| MA7: | 10.2907 | |
| MA20: | 10.3417 | |
| MA50: | 10.4178 | |
| MA100: | 10.4146 | |
| MAexp7: | 10.3032 | |
| MAexp20: | 10.3340 | |
| MAexp50: | 10.3849 | |
| MAexp100: | 10.4269 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -0.79% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -0.91% |
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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