JPY/SEK - 1H - Technical analysis published on 08/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.07534 SEK
My targets
0.07571 SEK (+0.00029)
0.07592 SEK (+0.00050)
My analysis
JPY/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.07534 SEK. The next resistance located at 0.07571 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.07592 SEK. After this resistance, buyers could then target 0.07823 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
6.4
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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 0.07542 SEK. The price is lower by -0.01% since the last closing with the lowest point at 0.07514 SEK and the highest point at 0.07556 SEK. The deviation from the price is +0.37% for the low point and -0.19% for the high point.0.07514
0.07556
0.07542
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of JPY/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07431 | 0.07483 | 0.07534 | 0.07542 | 0.07571 | 0.07592 | 0.07823 |
| Change (%) | -1.47% | -0.78% | -0.11% | - | +0.38% | +0.66% | +3.73% |
| Change | -0.00111 | -0.00059 | -0.00008 | - | +0.00029 | +0.00050 | +0.00281 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07376 | 0.07429 | 0.07486 | 0.07539 | 0.07596 | 0.07649 | 0.07706 |
| Camarilla | 0.07513 | 0.07523 | 0.07533 | 0.07543 | 0.07553 | 0.07563 | 0.07573 |
| Woodie | 0.07378 | 0.07430 | 0.07488 | 0.07540 | 0.07598 | 0.07650 | 0.07708 |
| Fibonacci | 0.07429 | 0.07471 | 0.07497 | 0.07539 | 0.07581 | 0.07607 | 0.07649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07285 | 0.07345 | 0.07450 | 0.07510 | 0.07615 | 0.07675 | 0.07780 |
| Camarilla | 0.07510 | 0.07525 | 0.07540 | 0.07555 | 0.07570 | 0.07585 | 0.07600 |
| Woodie | 0.07308 | 0.07356 | 0.07473 | 0.07521 | 0.07638 | 0.07686 | 0.07803 |
| Fibonacci | 0.07345 | 0.07408 | 0.07447 | 0.07510 | 0.07573 | 0.07612 | 0.07675 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06866 | 0.07081 | 0.07238 | 0.07453 | 0.07610 | 0.07825 | 0.07982 |
| Camarilla | 0.07292 | 0.07326 | 0.07360 | 0.07394 | 0.07428 | 0.07462 | 0.07496 |
| Woodie | 0.06836 | 0.07067 | 0.07208 | 0.07439 | 0.07580 | 0.07811 | 0.07952 |
| Fibonacci | 0.07081 | 0.07223 | 0.07311 | 0.07453 | 0.07595 | 0.07683 | 0.07825 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.18 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.28611 | |
| AROON (14): | 21.42857 | |
| DEMA (21): | 0.07542 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07518 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.07561 | |
| Zig ZAG (10): | 0.07542 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 57.14 | |
| TEMA (21): | 0.07539 | |
| Williams %R (14): | -30.95 | |
| Chande Momentum Oscillator (20): | 0.00011 | |
| Repulse (5,40,3): | 0.0918 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.07514 | |
| MA20: | 0.07468 | |
| MA50: | 0.07473 | |
| MA100: | 0.07579 | |
| MAexp7: | 0.07540 | |
| MAexp20: | 0.07538 | |
| MAexp50: | 0.07530 | |
| MAexp100: | 0.07518 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | -0.49% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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