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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 11/16/2023 (GMT)

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

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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

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 10.6017 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.

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 for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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:

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

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard10.402810.458810.498610.554610.594410.650410.6902
Camarilla10.512010.520710.529510.538310.547110.555910.5647
Woodie10.394610.454810.490410.550610.586210.646410.6820
Fibonacci10.458810.495410.518010.554610.591210.613810.6504


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.666310.747710.817710.899110.969111.050511.1205
Camarilla10.846210.860010.873910.887810.901710.915610.9294
Woodie10.660710.744910.812110.896310.963511.047711.1149
Fibonacci10.747710.805510.841210.899110.956910.992611.0505


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 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 : - 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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