JPY/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYSEK
ISIN:

JPY/SEK - Daily - Technical analysis published on 07/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 0.07823 SEK

My targets

0.07521 SEK (-0.00086)

0.07437 SEK (-0.00170)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/SEK. As long as you are under the resistance located at 0.07823 SEK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.07521 SEK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.07437 SEK as an objective. Crossing it would then enable sellers to target 0.07324 SEK. If the resistance 0.07823 SEK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.3

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

The JPY/SEK rating is 0.07607 SEK. The price is lower by -0.01% since the last closing with the lowest point at 0.07605 SEK and the highest point at 0.07644 SEK. The deviation from the price is +0.03% for the low point and -0.48% for the high point.

0.07605

0.07644

0.07607

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 (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

A technical analysis in Daily of this JPY/SEK chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07324	0.07437	0.07521	0.07607	0.07621	0.07823	0.07982
Change (%)	-3.72%	-2.23%	-1.13%	-	+0.18%	+2.84%	+4.93%
Change	-0.00283	-0.00170	-0.00086	-	+0.00014	+0.00216	+0.00375
Level	Major	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	0.07515	0.07546	0.07577	0.07608	0.07639	0.07670	0.07701
Camarilla	0.07591	0.07597	0.07602	0.07608	0.07614	0.07619	0.07625
Woodie	0.07515	0.07546	0.07577	0.07608	0.07639	0.07670	0.07701
Fibonacci	0.07546	0.07570	0.07584	0.07608	0.07632	0.07646	0.07670

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07267	0.07358	0.07487	0.07578	0.07707	0.07798	0.07927
Camarilla	0.07556	0.07576	0.07596	0.07616	0.07636	0.07656	0.07677
Woodie	0.07286	0.07368	0.07506	0.07588	0.07726	0.07808	0.07946
Fibonacci	0.07358	0.07442	0.07494	0.07578	0.07662	0.07714	0.07798

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06870	0.07146	0.07314	0.07590	0.07758	0.08034	0.08202
Camarilla	0.07360	0.07401	0.07441	0.07482	0.07523	0.07563	0.07604
Woodie	0.06816	0.07119	0.07260	0.07563	0.07704	0.08007	0.08148
Fibonacci	0.07146	0.07316	0.07420	0.07590	0.07760	0.07864	0.08034

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	53.12
MACD (12,26,9):	-0.0001
Directional Movement:	6.28664
AROON (14):	42.85714
DEMA (21):	0.07550
Parabolic SAR (0,02-0,02-0,2):	0.07513
Elder Ray (13):	0.00054
Super Trend (3,10):	0.07726
Zig ZAG (10):	0.07609
VORTEX (21):	0.9891
Stochastique (14,3,5):	76.25
TEMA (21):	0.07568
Williams %R (14):	-23.89
Chande Momentum Oscillator (20):	0.00131
Repulse (5,40,3):	-0.2330
ROCnROLL:	-1
TRIX (15,9):	-0.0647
Courbe Coppock:	1.40

MA7:	0.07587
MA20:	0.07535
MA50:	0.07622
MA100:	0.07701
MAexp7:	0.07587
MAexp20:	0.07575
MAexp50:	0.07620
MAexp100:	0.07671
Price / MA7:	+0.26%
Price / MA20:	+0.96%
Price / MA50:	-0.20%
Price / MA100:	-1.22%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.42%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.83%

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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