EUR/SEK - 1H - Technical analysis published on 11/12/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.1676 SEK
My targets
10.2337 SEK (+0.0392)
10.3165 SEK (+0.1220)
My analysis
The strong short-term increase in EUR/SEK calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 10.1676 SEK, you could consider taking advantage of the short-term movement. The first bullish objective is located at 10.2337 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.3165 SEK as an objective. Crossing it would then enable buyers to target 10.3529 SEK. Caution, a return under 10.1676 SEK could jeopardize the reversal.
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
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/SEK rating is 10.1945 SEK. The price registered an increase of +0.21% on the session and was between 10.1690 SEK and 10.1995 SEK. This implies that the price is at +0.25% from its lowest and at -0.05% from its highest.10.1690
10.1995
10.1945
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/SEK in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
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 | 9.9667 | 10.1199 | 10.1676 | 10.1945 | 10.1960 | 10.2337 | 10.3165 |
| Change (%) | -2.23% | -0.73% | -0.26% | - | +0.01% | +0.38% | +1.20% |
| Change | -0.2278 | -0.0746 | -0.0269 | - | +0.0015 | +0.0392 | +0.1220 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 10.0536 | 10.0868 | 10.1300 | 10.1632 | 10.2064 | 10.2396 | 10.2828 |
| Camarilla | 10.1523 | 10.1593 | 10.1663 | 10.1733 | 10.1803 | 10.1873 | 10.1943 |
| Woodie | 10.0587 | 10.0893 | 10.1351 | 10.1657 | 10.2115 | 10.2421 | 10.2879 |
| Fibonacci | 10.0868 | 10.1160 | 10.1340 | 10.1632 | 10.1924 | 10.2104 | 10.2396 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0313 | 10.1403 | 10.1994 | 10.3084 | 10.3675 | 10.4765 | 10.5356 |
| Camarilla | 10.2122 | 10.2276 | 10.2430 | 10.2584 | 10.2738 | 10.2892 | 10.3046 |
| Woodie | 10.0063 | 10.1278 | 10.1744 | 10.2959 | 10.3425 | 10.4640 | 10.5106 |
| Fibonacci | 10.1403 | 10.2046 | 10.2442 | 10.3084 | 10.3727 | 10.4123 | 10.4765 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9769 | 10.1231 | 10.2500 | 10.3962 | 10.5231 | 10.6693 | 10.7962 |
| Camarilla | 10.3019 | 10.3269 | 10.3520 | 10.3770 | 10.4020 | 10.4271 | 10.4521 |
| Woodie | 9.9674 | 10.1183 | 10.2405 | 10.3914 | 10.5136 | 10.6645 | 10.7867 |
| Fibonacci | 10.1231 | 10.2274 | 10.2918 | 10.3962 | 10.5005 | 10.5649 | 10.6693 |
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): | 62.47 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | -2.9292 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 10.1846 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1336 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 10.2081 | |
| Zig ZAG (10): | 10.1914 | |
| VORTEX (21): | 1.0263 | |
| Stochastique (14,3,5): | 95.72 | |
| TEMA (21): | 10.1879 | |
| Williams %R (14): | -1.65 | |
| Chande Momentum Oscillator (20): | 0.0141 | |
| Repulse (5,40,3): | 0.1711 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10.2286 | |
| MA20: | 10.3160 | |
| MA50: | 10.3874 | |
| MA100: | 10.3647 | |
| MAexp7: | 10.1869 | |
| MAexp20: | 10.1836 | |
| MAexp50: | 10.1892 | |
| MAexp100: | 10.2136 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -1.86% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-11-12 07:42:55
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Real time data
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Forex
News
The latest news and videos published on EUR/SEK at the time of the analysis were as follows:
-
EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
-
EUR/SEK to Grind Lower
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Danske Bank On EUR/SEK
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Nordea on EUR/SEK
This member declared not having a position on this financial instrument or a related financial instrument.
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