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 02/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 10.5589 SEK

My targets

10.6319 SEK (+0.0456)

10.7303 SEK (+0.1440)

My analysis

The bullish trend is currently very strong on USD/SEK. As long as the price remains above the support at 10.5589 SEK, you could try to benefit from the boom. The first bullish objective is located at 10.6319 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.7303 SEK as an objective. Crossing it would then enable buyers to target 10.9184 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 10.5863 SEK. The price registered an increase of +1.76% on the session and was between 10.3981 SEK and 10.6009 SEK. This implies that the price is at +1.81% from its lowest and at -0.14% from its highest.

10.3981

10.6009

10.5863

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Technical analysis of USD/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed 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.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.4312	10.4873	10.5589	10.5863	10.6319	10.7303	10.9184
Change (%)	-1.47%	-0.94%	-0.26%	-	+0.43%	+1.36%	+3.14%
Change	-0.1551	-0.0990	-0.0274	-	+0.0456	+0.1440	+0.3321
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.2948	10.3438	10.3736	10.4226	10.4524	10.5014	10.5312
Camarilla	10.3817	10.3890	10.3962	10.4034	10.4106	10.4179	10.4251
Woodie	10.2852	10.3390	10.3640	10.4178	10.4428	10.4966	10.5216
Fibonacci	10.3438	10.3739	10.3925	10.4226	10.4527	10.4713	10.5014

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1764	10.3035	10.3784	10.5055	10.5804	10.7075	10.7824
Camarilla	10.3978	10.4163	10.4348	10.4533	10.4718	10.4903	10.5089
Woodie	10.1503	10.2905	10.3523	10.4925	10.5543	10.6945	10.7563
Fibonacci	10.3035	10.3807	10.4283	10.5055	10.5827	10.6303	10.7075

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.6587	9.8531	10.1283	10.3227	10.5979	10.7923	11.0675
Camarilla	10.2744	10.3174	10.3605	10.4035	10.4466	10.4896	10.5326
Woodie	9.6991	9.8733	10.1687	10.3429	10.6383	10.8125	11.1079
Fibonacci	9.8531	10.0325	10.1433	10.3227	10.5021	10.6129	10.7923

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):	78.86
MACD (12,26,9):	0.0456
Directional Movement:	32.4321
AROON (14):	85.7143
DEMA (21):	10.5696
Parabolic SAR (0,02-0,02-0,2):	10.5482
Elder Ray (13):	0.0431
Super Trend (3,10):	10.5199
Zig ZAG (10):	10.5850
VORTEX (21):	1.3961
Stochastique (14,3,5):	94.84
TEMA (21):	10.6067
Williams %R (14):	-7.72
Chande Momentum Oscillator (20):	0.1482
Repulse (5,40,3):	0.1086
ROCnROLL:	1
TRIX (15,9):	0.0449
Courbe Coppock:	3.17

MA7:	10.5001
MA20:	10.4655
MA50:	10.3382
MA100:	10.5956
MAexp7:	10.5739
MAexp20:	10.5172
MAexp50:	10.4779
MAexp100:	10.4710
Price / MA7:	+0.82%
Price / MA20:	+1.15%
Price / MA50:	+2.40%
Price / MA100:	-0.09%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.66%
Price / MAexp50:	+1.03%
Price / MAexp100:	+1.10%

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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