EUR/SEK - 1H - Technical analysis published on 05/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 10.1577 SEK
My targets
10.2319 SEK (+0.0482)
10.2822 SEK (+0.0985)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/SEK as long as the price remains well above 10.1577 SEK. The buyers” bullish objective is set at 10.2319 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.2822 SEK. If there is any crossing, the next objective would be the resistance located at 10.4157 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 price is 10.1837 SEK. On the day, this instrument gained +0.04% and was between 10.1690 SEK and 10.1854 SEK. This implies that the price is at +0.14% from its lowest and at -0.02% from its highest.10.1690
10.1854
10.1837
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/SEK:
Technical
A technical analysis in 1H of this EUR/SEK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1391 | 10.1577 | 10.1823 | 10.1837 | 10.2319 | 10.2822 | 10.4157 |
| Change (%) | -0.44% | -0.26% | -0.01% | - | +0.47% | +0.97% | +2.28% |
| Change | -0.0446 | -0.0260 | -0.0014 | - | +0.0482 | +0.0985 | +0.2320 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 10.1028 | 10.1201 | 10.1497 | 10.1670 | 10.1966 | 10.2139 | 10.2435 |
| Camarilla | 10.1663 | 10.1706 | 10.1749 | 10.1792 | 10.1835 | 10.1878 | 10.1921 |
| Woodie | 10.1089 | 10.1232 | 10.1558 | 10.1701 | 10.2027 | 10.2170 | 10.2496 |
| Fibonacci | 10.1201 | 10.1381 | 10.1491 | 10.1670 | 10.1850 | 10.1960 | 10.2139 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0469 | 10.0755 | 10.1273 | 10.1559 | 10.2077 | 10.2363 | 10.2881 |
| Camarilla | 10.1571 | 10.1645 | 10.1718 | 10.1792 | 10.1866 | 10.1939 | 10.2013 |
| Woodie | 10.0586 | 10.0813 | 10.1390 | 10.1617 | 10.2194 | 10.2421 | 10.2998 |
| Fibonacci | 10.0755 | 10.1062 | 10.1252 | 10.1559 | 10.1866 | 10.2056 | 10.2363 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8579 | 9.9695 | 10.0743 | 10.1859 | 10.2907 | 10.4023 | 10.5071 |
| Camarilla | 10.1197 | 10.1395 | 10.1594 | 10.1792 | 10.1990 | 10.2189 | 10.2387 |
| Woodie | 9.8546 | 9.9678 | 10.0710 | 10.1842 | 10.2874 | 10.4006 | 10.5038 |
| Fibonacci | 9.9695 | 10.0521 | 10.1032 | 10.1859 | 10.2685 | 10.3196 | 10.4023 |
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): | 65.71 | |
| MACD (12,26,9): | 0.0076 | |
| Directional Movement: | 15.2491 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 10.1852 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1709 | |
| Elder Ray (13): | 0.0041 | |
| Super Trend (3,10): | 10.1621 | |
| Zig ZAG (10): | 10.1835 | |
| VORTEX (21): | 1.1093 | |
| Stochastique (14,3,5): | 86.85 | |
| TEMA (21): | 10.1850 | |
| Williams %R (14): | -9.52 | |
| Chande Momentum Oscillator (20): | 0.0110 | |
| Repulse (5,40,3): | 0.0386 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0119 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.1458 | |
| MA20: | 10.1544 | |
| MA50: | 10.1612 | |
| MA100: | 10.1312 | |
| MAexp7: | 10.1811 | |
| MAexp20: | 10.1745 | |
| MAexp50: | 10.1596 | |
| MAexp100: | 10.1475 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
Real time data
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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:
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EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
-
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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