JPY/SEK - 1H - Technical analysis published on 10/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.07380 SEK
My targets
0.07440 SEK (+0.00047)
0.07530 SEK (+0.00137)
My analysis
The bullish trend is currently very strong on JPY/SEK. As long as the price remains above the support at 0.07380 SEK, you could try to benefit from the boom. The first bullish objective is located at 0.07440 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07530 SEK as an objective. Crossing it would then enable buyers to target 0.07619 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, 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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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 0.07393 SEK. The price registered an increase of +0.87% on the session with the lowest point at 0.07305 SEK and the highest point at 0.07402 SEK. The deviation from the price is +1.20% for the low point and -0.12% for the high point.0.07305
0.07402
0.07393
Here is a more detailed summary of the historical variations registered by JPY/SEK:
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 HIGH record (1 month)
Type : Bullish
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 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.07357 | 0.07367 | 0.07380 | 0.07393 | 0.07530 | 0.07619 | 0.07823 |
| Change (%) | -0.49% | -0.35% | -0.18% | - | +1.85% | +3.06% | +5.82% |
| Change | -0.00036 | -0.00026 | -0.00013 | - | +0.00137 | +0.00226 | +0.00430 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07244 | 0.07282 | 0.07305 | 0.07343 | 0.07366 | 0.07404 | 0.07427 |
| Camarilla | 0.07312 | 0.07318 | 0.07323 | 0.07329 | 0.07335 | 0.07340 | 0.07346 |
| Woodie | 0.07238 | 0.07278 | 0.07299 | 0.07339 | 0.07360 | 0.07400 | 0.07421 |
| Fibonacci | 0.07282 | 0.07305 | 0.07319 | 0.07343 | 0.07366 | 0.07380 | 0.07404 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07153 | 0.07212 | 0.07267 | 0.07326 | 0.07381 | 0.07440 | 0.07495 |
| Camarilla | 0.07290 | 0.07300 | 0.07311 | 0.07321 | 0.07332 | 0.07342 | 0.07352 |
| Woodie | 0.07150 | 0.07211 | 0.07264 | 0.07325 | 0.07378 | 0.07439 | 0.07492 |
| Fibonacci | 0.07212 | 0.07256 | 0.07283 | 0.07326 | 0.07370 | 0.07397 | 0.07440 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06801 | 0.07028 | 0.07168 | 0.07395 | 0.07535 | 0.07762 | 0.07902 |
| Camarilla | 0.07208 | 0.07242 | 0.07275 | 0.07309 | 0.07343 | 0.07376 | 0.07410 |
| Woodie | 0.06759 | 0.07006 | 0.07126 | 0.07373 | 0.07493 | 0.07740 | 0.07860 |
| Fibonacci | 0.07028 | 0.07168 | 0.07255 | 0.07395 | 0.07535 | 0.07622 | 0.07762 |
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): | 73.05 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 22.57419 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.07363 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07325 | |
| Elder Ray (13): | 0.00036 | |
| Super Trend (3,10): | 0.07344 | |
| Zig ZAG (10): | 0.07395 | |
| VORTEX (21): | 1.2287 | |
| Stochastique (14,3,5): | 92.03 | |
| TEMA (21): | 0.07373 | |
| Williams %R (14): | -7.22 | |
| Chande Momentum Oscillator (20): | 0.00057 | |
| Repulse (5,40,3): | 0.3930 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 1.00 |
| MA7: | 0.07330 | |
| MA20: | 0.07353 | |
| MA50: | 0.07452 | |
| MA100: | 0.07476 | |
| MAexp7: | 0.07370 | |
| MAexp20: | 0.07351 | |
| MAexp50: | 0.07341 | |
| MAexp100: | 0.07335 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | -0.79% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +0.79% |
Quotes :
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Real time data
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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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