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USD/SEK
USD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDSEK
ISIN:

USD/SEK - 1H - Technical analysis published on 11/10/2023 (GMT)

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  • 11/10/2023 - 13:03
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  • Timeframe : 1H
  • - Analysis generated on 11/10/2023 - 13:03
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 10.9072 SEK
My targets
10.8712 SEK (-0.0211)
10.8387 SEK (-0.0536)
My analysis
There is a bearish trend on USD/SEK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 10.9072 SEK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 10.8712 SEK. Then the price could move towards 10.8387 SEK. Then 10.7303 SEK by extension. Be careful, a return to above the resistance 10.9072 SEK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.3

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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/SEK rating is 10.8923 SEK. The price registered a decrease of -0.30% on the session with the lowest point at 10.8859 SEK and the highest point at 10.9450 SEK. The deviation from the price is +0.06% for the low point and -0.48% for the high point.

10.8859
10.9450
10.8923

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-100102030January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


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 USD/SEK in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.7303 10.8387 10.8712 10.8923 10.9072 10.9532 11.0817
Change (%) -1.49% -0.49% -0.19% - +0.14% +0.56% +1.74%
Change -0.1620 -0.0536 -0.0211 - +0.0149 +0.0609 +0.1894
Level Intermediate Minor Major - Intermediate Major Intermediate



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
Standard10.751310.790110.857710.896510.964111.002911.0705
Camarilla10.895910.905710.915510.925210.935010.944710.9545
Woodie10.765610.797310.872010.903710.978411.010111.0848
Fibonacci10.790110.830810.855910.896510.937210.962311.0029


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.389210.629210.763411.003411.137611.377611.5118
Camarilla10.794610.828910.863210.897510.931810.966111.0004
Woodie10.336210.602810.710410.977011.084611.351211.4588
Fibonacci10.629210.772210.860511.003411.146411.234711.3776


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.559510.703610.938711.082811.317911.462011.6971
Camarilla11.069511.104311.139011.173811.208611.243311.2781
Woodie10.605010.726410.984211.105611.363411.484811.7426
Fibonacci10.703610.848510.938011.082811.227711.317211.4620

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell8
Moving averages
Created with Raphaël 2.3.0Sell19

RSI (14): 41.72
MACD (12,26,9): 0.0019
Directional Movement: 2.9071
AROON (14): -35.7143
DEMA (21): 10.9111
Parabolic SAR (0,02-0,02-0,2): 10.9387
Elder Ray (13): -0.0083
Super Trend (3,10): 10.8827
Zig ZAG (10): 10.8897
VORTEX (21): 1.1348
Stochastique (14,3,5): 13.24
TEMA (21): 10.9129
Williams %R (14): -93.57
Chande Momentum Oscillator (20): -0.0332
Repulse (5,40,3): -0.3328
ROCnROLL: 2
TRIX (15,9): 0.0086
Courbe Coppock: 0.02
MA7: 10.9371
MA20: 11.0190
MA50: 11.0447
MA100: 10.8701
MAexp7: 10.9054
MAexp20: 10.9072
MAexp50: 10.9068
MAexp100: 10.9260
Price / MA7: -0.41%
Price / MA20: -1.15%
Price / MA50: -1.38%
Price / MA100: +0.20%
Price / MAexp7: -0.12%
Price / MAexp20: -0.14%
Price / MAexp50: -0.14%
Price / MAexp100: -0.31%

Quotes : 11/10/2023 - 13:03 - Real time data - Forex

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

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Londinia
Londinia AI

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