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 06/15/2021 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 10.0769 SEK
My targets
10.1073 SEK (+0.0128)
10.1184 SEK (+0.0239)
My analysis
EUR/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.0769 SEK. The next resistance located at 10.1073 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.1184 SEK. After this resistance, buyers could then target 10.2319 SEK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/SEK price is 10.0945 SEK. The price has increased by +0.07% since the last closing and was traded between 10.0860 SEK and 10.1013 SEK over the period. The price is currently at +0.08% from its lowest and -0.07% from its highest.

10.0860
10.1013
10.0945

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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


Technical analysis of this 1H chart of EUR/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.0619 10.0769 10.0845 10.0945 10.1073 10.1184 10.2319
Change (%) -0.32% -0.17% -0.10% - +0.13% +0.24% +1.36%
Change -0.0326 -0.0176 -0.0100 - +0.0128 +0.0239 +0.1374
Level Minor Minor Intermediate - Major Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.024110.042910.065310.084110.106510.125310.1477
Camarilla10.076310.080110.083810.087610.091410.095210.0989
Woodie10.025810.043810.067010.085010.108210.126210.1494
Fibonacci10.042910.058710.068410.084110.099910.109610.1253


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.994410.017110.045610.068310.096810.119510.1480
Camarilla10.059910.064610.069310.074010.078710.083410.0881
Woodie9.997210.018610.048410.069810.099610.121010.1508
Fibonacci10.017110.036710.048810.068310.087910.100010.1195


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.956110.019010.076310.139210.196510.259410.3167
Camarilla10.100510.111510.122510.133510.144510.155510.1666
Woodie9.953210.017610.073410.137810.193610.258010.3138
Fibonacci10.019010.065010.093310.139210.185210.213510.2594

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): 59.45
MACD (12,26,9): 0.0053
Directional Movement: 9.9969
AROON (14): 85.7143
DEMA (21): 10.0983
Parabolic SAR (0,02-0,02-0,2): 10.0897
Elder Ray (13): 0.0035
Super Trend (3,10): 10.0748
Zig ZAG (10): 10.0948
VORTEX (21): 1.1225
Stochastique (14,3,5): 76.83
TEMA (21): 10.0976
Williams %R (14): -48.82
Chande Momentum Oscillator (20): 0.0032
Repulse (5,40,3): -0.0529
ROCnROLL: -1
TRIX (15,9): 0.0074
Courbe Coppock: 0.12
MA7: 10.0728
MA20: 10.1055
MA50: 10.1302
MA100: 10.1338
MAexp7: 10.0952
MAexp20: 10.0912
MAexp50: 10.0818
MAexp100: 10.0764
Price / MA7: +0.22%
Price / MA20: -0.11%
Price / MA50: -0.35%
Price / MA100: -0.39%
Price / MAexp7: -0.01%
Price / MAexp20: +0.03%
Price / MAexp50: +0.13%
Price / MAexp100: +0.18%

Quotes : - 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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