EUR/SEK
EUR SEK
- SEK (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: EURSEK
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EUR/SEK - 1H - Technical analysis published on 12/08/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 10.2319 SEK
My targets
10.1784 SEK (-0.0201)
10.1607 SEK (-0.0378)
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 EUR/SEK. As long as you are under the resistance located at 10.2319 SEK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 10.1784 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 10.1607 SEK as an objective. Crossing it would then enable sellers to target 10.1463 SEK. If the resistance 10.2319 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
0
10
1.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/SEK rating is 10.1985 SEK. The price has increased by +0.19% since the last closing and was between 10.1698 SEK and 10.1996 SEK. This implies that the price is at +0.28% from its lowest and at -0.01% from its highest.

10.1698
10.1996
10.1985

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/SEK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



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:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.1463 10.1607 10.1784 10.1985 10.2016 10.2319 10.3043
Change (%) -0.51% -0.37% -0.20% - +0.03% +0.33% +1.04%
Change -0.0522 -0.0378 -0.0201 - +0.0031 +0.0334 +0.1058
Level Minor Intermediate Minor - Minor Major 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
Standard9.986410.073310.126310.213210.266210.353110.4061
Camarilla10.140810.153710.166510.179310.192110.205010.2178
Woodie9.969510.064810.109410.204710.249310.344610.3892
Fibonacci10.073310.126710.159810.213210.266610.299710.3531


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.968710.046410.148910.226610.329110.406810.5093
Camarilla10.201810.218410.234910.251410.267910.284410.3010
Woodie9.981110.052610.161310.232810.341510.413010.5217
Fibonacci10.046410.115210.157810.226610.295410.338010.4068


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.79309.954710.094210.255910.395410.557110.6966
Camarilla10.151010.178610.206210.233810.261410.289010.3166
Woodie9.78209.949210.083210.250410.384410.551610.6856
Fibonacci9.954710.069710.140810.255910.370910.442010.5571

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): 49.05
MACD (12,26,9): -0.0085
Directional Movement: -1.3369
AROON (14): 57.1429
DEMA (21): 10.1782
Parabolic SAR (0,02-0,02-0,2): 10.1632
Elder Ray (13): 0.0054
Super Trend (3,10): 10.1853
Zig ZAG (10): 10.1982
VORTEX (21): 0.8741
Stochastique (14,3,5): 56.23
TEMA (21): 10.1832
Williams %R (14): -54.69
Chande Momentum Oscillator (20): 0.0240
Repulse (5,40,3): 0.1676
ROCnROLL: -1
TRIX (15,9): -0.0219
Courbe Coppock: 0.19
MA7: 10.2320
MA20: 10.2084
MA50: 10.3066
MA100: 10.3298
MAexp7: 10.1913
MAexp20: 10.1919
MAexp50: 10.2132
MAexp100: 10.2245
Price / MA7: -0.33%
Price / MA20: -0.10%
Price / MA50: -1.05%
Price / MA100: -1.27%
Price / MAexp7: +0.07%
Price / MAexp20: +0.06%
Price / MAexp50: -0.15%
Price / MAexp100: -0.26%

Quotes : 2020-12-08 08:31:40 - Real time data - Forex

News


The last news published on EUR/SEK at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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