Londinia Opportunities Analyses - 05/02/2024 (GMT) JPY/SEK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.07034 SEK
My targets
0.07066 SEK (+0.00019)
0.07099 SEK (+0.00052)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/SEK as long as the price remains well above 0.07034 SEK. The buyers' bullish objective is set at 0.07066 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07099 SEK. If there is any crossing, the next objective would be the resistance located at 0.07229 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.6
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Additional analysis
Quotes
The JPY/SEK price is 0.07047 SEK. The price registered an increase of +0.51% on the session and was between 0.06985 SEK and 0.07051 SEK. This implies that the price is at +0.89% from its lowest and at -0.06% from its highest.0.06985
0.07051
0.07047
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of JPY/SEK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. 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
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
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 | 0.06968 | 0.06995 | 0.07034 | 0.07047 | 0.07066 | 0.07099 | 0.07229 |
| Change (%) | -1.12% | -0.74% | -0.18% | - | +0.27% | +0.74% | +2.58% |
| Change | -0.00079 | -0.00052 | -0.00013 | - | +0.00019 | +0.00052 | +0.00182 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 0.06705 | 0.06817 | 0.06914 | 0.07026 | 0.07123 | 0.07235 | 0.07332 |
| Camarilla | 0.06954 | 0.06973 | 0.06992 | 0.07011 | 0.07030 | 0.07049 | 0.07069 |
| Woodie | 0.06698 | 0.06813 | 0.06907 | 0.07022 | 0.07116 | 0.07231 | 0.07325 |
| Fibonacci | 0.06817 | 0.06897 | 0.06946 | 0.07026 | 0.07106 | 0.07155 | 0.07235 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06673 | 0.06788 | 0.06848 | 0.06963 | 0.07023 | 0.07138 | 0.07198 |
| Camarilla | 0.06860 | 0.06876 | 0.06892 | 0.06908 | 0.06924 | 0.06940 | 0.06956 |
| Woodie | 0.06646 | 0.06774 | 0.06821 | 0.06949 | 0.06996 | 0.07124 | 0.07171 |
| Fibonacci | 0.06788 | 0.06855 | 0.06896 | 0.06963 | 0.07030 | 0.07071 | 0.07138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06442 | 0.06629 | 0.06806 | 0.06993 | 0.07170 | 0.07357 | 0.07534 |
| Camarilla | 0.06884 | 0.06917 | 0.06951 | 0.06984 | 0.07017 | 0.07051 | 0.07084 |
| Woodie | 0.06438 | 0.06627 | 0.06802 | 0.06991 | 0.07166 | 0.07355 | 0.07530 |
| Fibonacci | 0.06629 | 0.06768 | 0.06854 | 0.06993 | 0.07132 | 0.07218 | 0.07357 |
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): | 60.29 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 16.64999 | |
| AROON (14): | -35.71429 | |
| DEMA (21): | 0.07031 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.06981 | |
| Elder Ray (13): | 0.00016 | |
| Super Trend (3,10): | 0.06968 | |
| Zig ZAG (10): | 0.07045 | |
| VORTEX (21): | 1.1094 | |
| Stochastique (14,3,5): | 53.93 | |
| TEMA (21): | 0.07041 | |
| Williams %R (14): | -37.25 | |
| Chande Momentum Oscillator (20): | 0.00039 | |
| Repulse (5,40,3): | 0.3770 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0218 | |
| Courbe Coppock: | 0.65 |
| MA7: | 0.06993 | |
| MA20: | 0.07019 | |
| MA50: | 0.06979 | |
| MA100: | 0.07020 | |
| MAexp7: | 0.07032 | |
| MAexp20: | 0.07014 | |
| MAexp50: | 0.06999 | |
| MAexp100: | 0.06993 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +0.38% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.77% |
Quotes :
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Real time data
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Forex