USD/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDSEK
ISIN:

USD/SEK - Daily - Technical analysis published on 08/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

72%

22%

My opinion

Bullish above 10.5104 SEK

My targets

10.7303 SEK (+0.1519)

10.8636 SEK (+0.2852)

My analysis

The basic trend is currently slightly bullish on USD/SEK and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 10.5104 SEK, purchases could be favourable. The first bullish objective would be the resistance located at 10.7303 SEK. Then the price could move towards 10.8636 SEK. Then 10.9532 SEK by extension. A return under the support to 10.5104 SEK could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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

4.3

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/SEK rating 10.5784 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 10.5725 SEK and the highest point at 10.6436 SEK. The deviation from the price is +0.06% for the low point and -0.61% for the high point.

10.5725

10.6436

10.5784

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

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

A technical analysis in Daily of this USD/SEK chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the 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 high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.1638	10.4312	10.5104	10.5784	10.6092	10.7303	10.8636
Change (%)	-3.92%	-1.39%	-0.64%	-	+0.29%	+1.44%	+2.70%
Change	-0.4146	-0.1472	-0.0680	-	+0.0308	+0.1519	+0.2852
Level	Major	Major	Intermediate	-	Major	Major	Minor

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	10.3230	10.4291	10.5041	10.6102	10.6852	10.7913	10.8663
Camarilla	10.5293	10.5459	10.5625	10.5791	10.5957	10.6123	10.6289
Woodie	10.3075	10.4213	10.4886	10.6024	10.6697	10.7835	10.8508
Fibonacci	10.4291	10.4983	10.5410	10.6102	10.6794	10.7221	10.7913

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1451	10.3029	10.4410	10.5988	10.7369	10.8947	11.0328
Camarilla	10.4977	10.5249	10.5520	10.5791	10.6062	10.6334	10.6605
Woodie	10.1353	10.2980	10.4312	10.5939	10.7271	10.8898	11.0230
Fibonacci	10.3029	10.4159	10.4858	10.5988	10.7118	10.7817	10.8947

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.3107	9.7404	10.1322	10.5619	10.9537	11.3834	11.7752
Camarilla	10.2980	10.3733	10.4486	10.5239	10.5992	10.6745	10.7498
Woodie	9.2917	9.7309	10.1132	10.5524	10.9347	11.3739	11.7562
Fibonacci	9.7404	10.0543	10.2481	10.5619	10.8758	11.0696	11.3834

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):	52.30
MACD (12,26,9):	0.0035
Directional Movement:	1.1689
AROON (14):	78.5714
DEMA (21):	10.5338
Parabolic SAR (0,02-0,02-0,2):	10.4589
Elder Ray (13):	0.0327
Super Trend (3,10):	10.3239
Zig ZAG (10):	10.5834
VORTEX (21):	0.9345
Stochastique (14,3,5):	69.34
TEMA (21):	10.5663
Williams %R (14):	-32.10
Chande Momentum Oscillator (20):	0.1999
Repulse (5,40,3):	-0.5498
ROCnROLL:	1
TRIX (15,9):	-0.0497
Courbe Coppock:	5.19

MA7:	10.6040
MA20:	10.4368
MA50:	10.6441
MA100:	10.5215
MAexp7:	10.5815
MAexp20:	10.5471
MAexp50:	10.5663
MAexp100:	10.5597
Price / MA7:	-0.24%
Price / MA20:	+1.36%
Price / MA50:	-0.62%
Price / MA100:	+0.54%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.30%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.18%

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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