EUR/SEK - 1H - Technical analysis published on 06/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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 10.0945 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.
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:
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 10.0241 | 10.0429 | 10.0653 | 10.0841 | 10.1065 | 10.1253 | 10.1477 |
Camarilla | 10.0763 | 10.0801 | 10.0838 | 10.0876 | 10.0914 | 10.0952 | 10.0989 |
Woodie | 10.0258 | 10.0438 | 10.0670 | 10.0850 | 10.1082 | 10.1262 | 10.1494 |
Fibonacci | 10.0429 | 10.0587 | 10.0684 | 10.0841 | 10.0999 | 10.1096 | 10.1253 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.9944 | 10.0171 | 10.0456 | 10.0683 | 10.0968 | 10.1195 | 10.1480 |
Camarilla | 10.0599 | 10.0646 | 10.0693 | 10.0740 | 10.0787 | 10.0834 | 10.0881 |
Woodie | 9.9972 | 10.0186 | 10.0484 | 10.0698 | 10.0996 | 10.1210 | 10.1508 |
Fibonacci | 10.0171 | 10.0367 | 10.0488 | 10.0683 | 10.0879 | 10.1000 | 10.1195 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.9561 | 10.0190 | 10.0763 | 10.1392 | 10.1965 | 10.2594 | 10.3167 |
Camarilla | 10.1005 | 10.1115 | 10.1225 | 10.1335 | 10.1445 | 10.1555 | 10.1666 |
Woodie | 9.9532 | 10.0176 | 10.0734 | 10.1378 | 10.1936 | 10.2580 | 10.3138 |
Fibonacci | 10.0190 | 10.0650 | 10.0933 | 10.1392 | 10.1852 | 10.2135 | 10.2594 |
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 :
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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:
- 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…
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