EUR/SEK - Daily - Technical analysis published on 05/21/2021 (GMT)
- 191
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 10.2319 SEK
My targets
10.0209 SEK (-0.1120)
9.6391 SEK (-0.4938)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/SEK as long as the price remains well below 10.2319 SEK. The sellers' bearish objective is set at 10.0209 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.6391 SEK. In case of crossing, the next objective would be the support located at 9.4557 SEK.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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:
Additional analysis
Quotes
EUR/SEK rating 10.1329 SEK. The price registered a decrease of -0.21% on the session and was traded between 10.1148 SEK and 10.1640 SEK over the period. The price is currently at +0.18% from its lowest and -0.31% from its highest.10.1148
10.1640
10.1329
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 Daily of this EUR/SEK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 9.6391 | 10.0209 | 10.1073 | 10.1329 | 10.2319 | 10.2827 | 10.4157 |
Change (%) | -4.87% | -1.11% | -0.25% | - | +0.98% | +1.48% | +2.79% |
Change | -0.4938 | -0.1120 | -0.0256 | - | +0.0990 | +0.1498 | +0.2828 |
Level | Major | Major | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.0925 | 10.1173 | 10.1364 | 10.1612 | 10.1803 | 10.2051 | 10.2242 |
Camarilla | 10.1435 | 10.1476 | 10.1516 | 10.1556 | 10.1596 | 10.1637 | 10.1677 |
Woodie | 10.0898 | 10.1159 | 10.1337 | 10.1598 | 10.1776 | 10.2037 | 10.2215 |
Fibonacci | 10.1173 | 10.1340 | 10.1444 | 10.1612 | 10.1779 | 10.1883 | 10.2051 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.9757 | 10.0343 | 10.0759 | 10.1345 | 10.1761 | 10.2347 | 10.2763 |
Camarilla | 10.0900 | 10.0991 | 10.1083 | 10.1175 | 10.1267 | 10.1359 | 10.1451 |
Woodie | 9.9672 | 10.0301 | 10.0674 | 10.1303 | 10.1676 | 10.2305 | 10.2678 |
Fibonacci | 10.0343 | 10.0726 | 10.0962 | 10.1345 | 10.1728 | 10.1964 | 10.2347 |
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): | 48.07 | |
MACD (12,26,9): | -0.0039 | |
Directional Movement: | 1.4941 | |
AROON (14): | -35.7143 | |
DEMA (21): | 10.1391 | |
Parabolic SAR (0,02-0,02-0,2): | 10.1025 | |
Elder Ray (13): | -0.0037 | |
Super Trend (3,10): | 10.2549 | |
Zig ZAG (10): | 10.1334 | |
VORTEX (21): | 1.0117 | |
Stochastique (14,3,5): | 50.78 | |
TEMA (21): | 10.1342 | |
Williams %R (14): | -75.85 | |
Chande Momentum Oscillator (20): | -0.0676 | |
Repulse (5,40,3): | -0.5453 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0094 | |
Courbe Coppock: | 0.28 |
MA7: | 10.1379 | |
MA20: | 10.1437 | |
MA50: | 10.1640 | |
MA100: | 10.1330 | |
MAexp7: | 10.1387 | |
MAexp20: | 10.1453 | |
MAexp50: | 10.1500 | |
MAexp100: | 10.1628 | |
Price / MA7: | -0.05% | |
Price / MA20: | -0.11% | |
Price / MA50: | -0.31% | |
Price / MA100: | +0.00% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | -0.12% | |
Price / MAexp50: | -0.17% | |
Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
-
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 ?
- EUR/SEK to Grind Lower
- Danske Bank On EUR/SEK
- Nordea on EUR/SEK
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/SEK - Daily