EUR/SEK - 1H - Technical analysis published on 07/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
50%
11%
39%
My opinion
Neutral between 10.2356 SEK and 10.2589 SEK
My targets
-
My analysis
The short-term decline on EUR/SEK remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 10.2356 SEK. The first resistance is located at 10.2589 SEK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
EUR/SEK rating 10.2475 SEK. The price is lower by -0.03% since the last closing with the lowest point at 10.2316 SEK and the highest point at 10.2664 SEK. The deviation from the price is +0.16% for the low point and -0.18% for the high point.10.2316
10.2664
10.2475
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 slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1901 | 10.2168 | 10.2356 | 10.2475 | 10.2589 | 10.2699 | 10.2825 |
| Change (%) | -0.56% | -0.30% | -0.12% | - | +0.11% | +0.22% | +0.34% |
| Change | -0.0574 | -0.0307 | -0.0119 | - | +0.0114 | +0.0224 | +0.0350 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1997 | 10.2177 | 10.2341 | 10.2521 | 10.2685 | 10.2865 | 10.3029 |
| Camarilla | 10.2411 | 10.2443 | 10.2475 | 10.2506 | 10.2538 | 10.2569 | 10.2601 |
| Woodie | 10.1990 | 10.2173 | 10.2334 | 10.2517 | 10.2678 | 10.2861 | 10.3022 |
| Fibonacci | 10.2177 | 10.2308 | 10.2389 | 10.2521 | 10.2652 | 10.2733 | 10.2865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0904 | 10.1246 | 10.1877 | 10.2219 | 10.2850 | 10.3192 | 10.3823 |
| Camarilla | 10.2240 | 10.2330 | 10.2419 | 10.2508 | 10.2597 | 10.2686 | 10.2776 |
| Woodie | 10.1049 | 10.1318 | 10.2022 | 10.2291 | 10.2995 | 10.3264 | 10.3968 |
| Fibonacci | 10.1246 | 10.1618 | 10.1847 | 10.2219 | 10.2591 | 10.2820 | 10.3192 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8360 | 9.9380 | 10.0374 | 10.1394 | 10.2388 | 10.3408 | 10.4402 |
| Camarilla | 10.0815 | 10.1000 | 10.1184 | 10.1369 | 10.1554 | 10.1738 | 10.1923 |
| Woodie | 9.8348 | 9.9374 | 10.0362 | 10.1388 | 10.2376 | 10.3402 | 10.4390 |
| Fibonacci | 9.9380 | 10.0149 | 10.0624 | 10.1394 | 10.2163 | 10.2638 | 10.3408 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.48 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 1.5451 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 10.2486 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.2595 | |
| Elder Ray (13): | 0.0029 | |
| Super Trend (3,10): | 10.2652 | |
| Zig ZAG (10): | 10.2520 | |
| VORTEX (21): | 0.9802 | |
| Stochastique (14,3,5): | 59.87 | |
| TEMA (21): | 10.2485 | |
| Williams %R (14): | -36.49 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | 0.0813 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10.2334 | |
| MA20: | 10.1825 | |
| MA50: | 10.1448 | |
| MA100: | 10.1546 | |
| MAexp7: | 10.2494 | |
| MAexp20: | 10.2498 | |
| MAexp50: | 10.2496 | |
| MAexp100: | 10.2427 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +0.91% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.05% |
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:
-
EUR/SEK To Head Higher
-
Hows does more Riksbank QE impact USD/SEK and EUR/SEK ?
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EUR/SEK to Grind Lower
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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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