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 09/08/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.1793 SEK
My targets
10.2075 SEK (+0.0132)
10.2183 SEK (+0.0240)
My analysis
The bullish trend is currently very strong on EUR/SEK. As long as the price remains above the support at 10.1793 SEK, you could try to benefit from the boom. The first bullish objective is located at 10.2075 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.2183 SEK as an objective. Crossing it would then enable buyers to target 10.2513 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.2

Complete this analysis for another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

EUR/SEK rating 10.1943 SEK. On the day, this instrument gained +0.18% and was between 10.1662 SEK and 10.1999 SEK. This implies that the price is at +0.28% from its lowest and at -0.05% from its highest.

10.1662
10.1999
10.1943

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of EUR/SEK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.1598 10.1793 10.1892 10.1943 10.2075 10.2183 10.2513
Change (%) -0.34% -0.15% -0.05% - +0.13% +0.24% +0.56%
Change -0.0345 -0.0150 -0.0051 - +0.0132 +0.0240 +0.0570
Level Intermediate Major Major - Major Intermediate Intermediate



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
Standard10.117110.130510.153110.166510.189110.202510.2251
Camarilla10.165910.169210.172510.175810.179110.182410.1857
Woodie10.121810.132810.157810.168810.193810.204810.2298
Fibonacci10.130510.144210.152710.166510.180210.188710.2025


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.071010.109410.130610.169010.190210.228610.2498
Camarilla10.135310.140810.146210.151710.157210.162610.1681
Woodie10.062310.105110.121910.164710.181510.224310.2411
Fibonacci10.109410.132210.146310.169010.191810.205910.2286


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.943210.050310.116010.223110.288810.395910.4616
Camarilla10.134210.150010.165910.181710.197510.213410.2292
Woodie9.922510.040010.095310.212810.268110.385610.4409
Fibonacci10.050310.116310.157110.223110.289110.329910.3959

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): 61.45
MACD (12,26,9): 0.0045
Directional Movement: 11.3301
AROON (14): -35.7143
DEMA (21): 10.1842
Parabolic SAR (0,02-0,02-0,2): 10.1962
Elder Ray (13): 0.0099
Super Trend (3,10): 10.1703
Zig ZAG (10): 10.1940
VORTEX (21): 1.0869
Stochastique (14,3,5): 55.49
TEMA (21): 10.1862
Williams %R (14): -16.91
Chande Momentum Oscillator (20): 0.0174
Repulse (5,40,3): 0.2469
ROCnROLL: 1
TRIX (15,9): 0.0064
Courbe Coppock: 0.15
MA7: 10.1749
MA20: 10.2081
MA50: 10.2025
MA100: 10.1657
MAexp7: 10.1768
MAexp20: 10.1782
MAexp50: 10.1725
MAexp100: 10.1732
Price / MA7: +0.19%
Price / MA20: -0.14%
Price / MA50: -0.08%
Price / MA100: +0.28%
Price / MAexp7: +0.17%
Price / MAexp20: +0.16%
Price / MAexp50: +0.22%
Price / MAexp100: +0.21%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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