USD/SEK - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 10.6663 SEK
My targets
10.5595 SEK (-0.0422)
10.5104 SEK (-0.0913)
My analysis
The basic trend is bearish on USD/SEK and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 10.6663 SEK. Buyers would then use the next resistance located at 10.7303 SEK as an objective. Crossing it would then enable buyers to target 10.8293 SEK. If there is a return to below the support located at 10.5595 SEK, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 10.5104 SEK and 10.4312 SEK by extension.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/SEK rating is 10.6017 SEK. The price has increased by +0.60% since the last closing and was traded between 10.5318 SEK and 10.6075 SEK over the period. The price is currently at +0.66% from its lowest and -0.05% from its highest.10.5318
10.6075
10.6017
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
Here is a more detailed summary of the historical variations registered by USD/SEK:
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
Technical analysis of USD/SEK in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.3410 | 10.4312 | 10.5104 | 10.6017 | 10.6042 | 10.7303 | 10.8293 |
| Change (%) | -2.46% | -1.61% | -0.86% | - | +0.02% | +1.21% | +2.15% |
| Change | -0.2607 | -0.1705 | -0.0913 | - | +0.0025 | +0.1286 | +0.2276 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 10.4028 | 10.4588 | 10.4986 | 10.5546 | 10.5944 | 10.6504 | 10.6902 |
| Camarilla | 10.5120 | 10.5207 | 10.5295 | 10.5383 | 10.5471 | 10.5559 | 10.5647 |
| Woodie | 10.3946 | 10.4548 | 10.4904 | 10.5506 | 10.5862 | 10.6464 | 10.6820 |
| Fibonacci | 10.4588 | 10.4954 | 10.5180 | 10.5546 | 10.5912 | 10.6138 | 10.6504 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6663 | 10.7477 | 10.8177 | 10.8991 | 10.9691 | 11.0505 | 11.1205 |
| Camarilla | 10.8462 | 10.8600 | 10.8739 | 10.8878 | 10.9017 | 10.9156 | 10.9294 |
| Woodie | 10.6607 | 10.7449 | 10.8121 | 10.8963 | 10.9635 | 11.0477 | 11.1149 |
| Fibonacci | 10.7477 | 10.8055 | 10.8412 | 10.8991 | 10.9569 | 10.9926 | 11.0505 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5595 | 10.7036 | 10.9387 | 11.0828 | 11.3179 | 11.4620 | 11.6971 |
| Camarilla | 11.0695 | 11.1043 | 11.1390 | 11.1738 | 11.2086 | 11.2433 | 11.2781 |
| Woodie | 10.6050 | 10.7264 | 10.9842 | 11.1056 | 11.3634 | 11.4848 | 11.7426 |
| Fibonacci | 10.7036 | 10.8485 | 10.9380 | 11.0828 | 11.2277 | 11.3172 | 11.4620 |
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): | 51.99 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | 0.1163 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 10.5560 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.5305 | |
| Elder Ray (13): | 0.0185 | |
| Super Trend (3,10): | 10.5999 | |
| Zig ZAG (10): | 10.6029 | |
| VORTEX (21): | 1.1491 | |
| Stochastique (14,3,5): | 72.90 | |
| TEMA (21): | 10.5805 | |
| Williams %R (14): | -7.45 | |
| Chande Momentum Oscillator (20): | 0.0468 | |
| Repulse (5,40,3): | 0.4033 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.46 |
| MA7: | 10.7528 | |
| MA20: | 10.9562 | |
| MA50: | 11.0090 | |
| MA100: | 10.8646 | |
| MAexp7: | 10.5738 | |
| MAexp20: | 10.5677 | |
| MAexp50: | 10.6133 | |
| MAexp100: | 10.6942 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -3.24% | |
| Price / MA50: | -3.70% | |
| Price / MA100: | -2.42% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.86% |
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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