EUR/SEK - 1H - Technical analysis published on 02/17/2021 (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 bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 10.0550 SEK
My targets
10.0112 SEK (-0.0247)
9.9414 SEK (-0.0945)
My analysis
EUR/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.0550 SEK. The next support located at 10.0112 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.9414 SEK. Below this support, sellers could then target 9.7927 SEK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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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
EUR/SEK rating 10.0359 SEK. The price is lower by -0.02% since the last closing and was traded between 10.0337 SEK and 10.0538 SEK over the period. The price is currently at +0.02% from its lowest and -0.18% from its highest.10.0337
10.0538
10.0359
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/SEK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
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 a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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 | 9.6391 | 9.7927 | 10.0112 | 10.0359 | 10.0360 | 10.0550 | 10.0809 |
| Change (%) | -3.95% | -2.42% | -0.25% | - | +0.00% | +0.19% | +0.45% |
| Change | -0.3968 | -0.2432 | -0.0247 | - | +0.0001 | +0.0191 | +0.0450 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 9.9987 | 10.0135 | 10.0256 | 10.0404 | 10.0525 | 10.0673 | 10.0794 |
| Camarilla | 10.0304 | 10.0329 | 10.0353 | 10.0378 | 10.0403 | 10.0427 | 10.0452 |
| Woodie | 9.9975 | 10.0128 | 10.0244 | 10.0397 | 10.0513 | 10.0666 | 10.0782 |
| Fibonacci | 10.0135 | 10.0237 | 10.0301 | 10.0404 | 10.0506 | 10.0570 | 10.0673 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9414 | 9.9910 | 10.0251 | 10.0747 | 10.1088 | 10.1584 | 10.1925 |
| Camarilla | 10.0363 | 10.0440 | 10.0516 | 10.0593 | 10.0670 | 10.0747 | 10.0823 |
| Woodie | 9.9338 | 9.9871 | 10.0175 | 10.0708 | 10.1012 | 10.1545 | 10.1849 |
| Fibonacci | 9.9910 | 10.0229 | 10.0427 | 10.0747 | 10.1066 | 10.1264 | 10.1584 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9138 | 9.9675 | 10.0620 | 10.1157 | 10.2102 | 10.2639 | 10.3584 |
| Camarilla | 10.1158 | 10.1294 | 10.1430 | 10.1566 | 10.1702 | 10.1838 | 10.1974 |
| Woodie | 9.9343 | 9.9777 | 10.0825 | 10.1259 | 10.2307 | 10.2741 | 10.3789 |
| Fibonacci | 9.9675 | 10.0241 | 10.0591 | 10.1157 | 10.1723 | 10.2073 | 10.2639 |
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): | 46.36 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -1.5672 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 10.0419 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0521 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 10.0608 | |
| Zig ZAG (10): | 10.0364 | |
| VORTEX (21): | 0.9577 | |
| Stochastique (14,3,5): | 39.65 | |
| TEMA (21): | 10.0425 | |
| Williams %R (14): | -89.13 | |
| Chande Momentum Oscillator (20): | -0.0069 | |
| Repulse (5,40,3): | -0.0721 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.00 |
| MA7: | 10.0648 | |
| MA20: | 10.0932 | |
| MA50: | 10.1141 | |
| MA100: | 10.2137 | |
| MAexp7: | 10.0439 | |
| MAexp20: | 10.0426 | |
| MAexp50: | 10.0463 | |
| MAexp100: | 10.0564 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -1.74% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.20% |
Quotes :
2021-02-17 15:45:52
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Real time data
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Forex
News
The last news published on EUR/SEK at the time of the generation of this analysis was as follows:
-
EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
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EUR/SEK to Grind Lower
-
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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