EUR/SEK
EUR SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURSEK
ISIN:

EUR/SEK - 1H - Technical analysis published on 03/12/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 10.1234 SEK
My targets
10.1581 SEK (+0.0177)
10.1743 SEK (+0.0339)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/SEK. This is a positive signal for buyers. As long as the price remains above 10.1234 SEK, a purchase could be considered. The first bullish objective is located at 10.1581 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.1743 SEK as an objective. Crossing it would then enable buyers to target 10.1996 SEK. In the event of a return below 10.1234 SEK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
5.7

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

EUR/SEK rating 10.1404 SEK. On the day, this instrument gained +0.13% and was traded between 10.1132 SEK and 10.1561 SEK over the period. The price is currently at +0.27% from its lowest and -0.15% from its highest.

10.1132
10.1561
10.1404

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/SEK:

Technical


Technical analysis of this 1H chart of EUR/SEK indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

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 10.1100 10.1234 10.1403 10.1404 10.1581 10.1743 10.1996
Change (%) -0.30% -0.17% +0.00% - +0.17% +0.33% +0.58%
Change -0.0304 -0.0170 -0.0001 - +0.0177 +0.0339 +0.0592
Level Intermediate Minor Intermediate - Intermediate Major Minor



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
Standard10.041210.068510.097810.125110.154410.181710.2110
Camarilla10.111610.116810.122010.127210.132410.137610.1428
Woodie10.042310.069010.098910.125610.155510.182210.2121
Fibonacci10.068510.090110.103510.125110.146710.160110.1817


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.987010.047210.106910.167110.226810.287010.3467
Camarilla10.133510.144510.155510.166510.177510.188510.1995
Woodie9.986710.047110.106610.167010.226510.286910.3464
Fibonacci10.047210.093010.121310.167110.212910.241210.2870


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.88149.946810.069010.134410.256610.322010.4442
Camarilla10.139710.156910.174110.191310.208510.225710.2429
Woodie9.90999.961010.097510.148610.285110.336210.4727
Fibonacci9.946810.018410.062710.134410.206010.250310.3220

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): 55.08
MACD (12,26,9): 0.0066
Directional Movement: 6.6725
AROON (14): 64.2857
DEMA (21): 10.1443
Parabolic SAR (0,02-0,02-0,2): 10.1281
Elder Ray (13): 0.0037
Super Trend (3,10): 10.1218
Zig ZAG (10): 10.1404
VORTEX (21): 1.0362
Stochastique (14,3,5): 67.99
TEMA (21): 10.1483
Williams %R (14): -41.26
Chande Momentum Oscillator (20): 0.0158
Repulse (5,40,3): -0.0406
ROCnROLL: 1
TRIX (15,9): 0.0081
Courbe Coppock: 0.39
MA7: 10.1431
MA20: 10.1053
MA50: 10.1021
MA100: 10.1615
MAexp7: 10.1422
MAexp20: 10.1366
MAexp50: 10.1313
MAexp100: 10.1345
Price / MA7: -0.03%
Price / MA20: +0.35%
Price / MA50: +0.38%
Price / MA100: -0.21%
Price / MAexp7: -0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.09%
Price / MAexp100: +0.06%

Quotes : 2021-03-12 15:29:54 - Real time data - Forex

News


Don"t forget to follow the news on EUR/SEK. At the time of publication of this analysis, the latest news was as follows:

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

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