EUR/SEK - 1H - Technical analysis published on 10/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 10.1444 SEK
My targets
10.1068 SEK (-0.0185)
10.0900 SEK (-0.0353)
My analysis
There is a bearish trend on EUR/SEK both at the basic level and in the short term. A sale could be considered, so long as the price remains below 10.1444 SEK. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 10.1068 SEK. Then the price could move towards 10.0900 SEK. Then 10.0311 SEK by extension. Be careful, a return to above the resistance 10.1444 SEK would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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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 10.1253 SEK. The price registered a decrease of -0.09% on the session with the lowest point at 10.1247 SEK and the highest point at 10.1360 SEK. The deviation from the price is +0.01% for the low point and -0.11% for the high point.10.1247
10.1360
10.1253
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 1H of this EUR/SEK chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.0900 | 10.1068 | 10.1173 | 10.1253 | 10.1337 | 10.1444 | 10.1535 |
| Change (%) | -0.35% | -0.18% | -0.08% | - | +0.08% | +0.19% | +0.28% |
| Change | -0.0353 | -0.0185 | -0.0080 | - | +0.0084 | +0.0191 | +0.0282 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0644 | 10.0825 | 10.1082 | 10.1263 | 10.1520 | 10.1701 | 10.1958 |
| Camarilla | 10.1219 | 10.1259 | 10.1299 | 10.1339 | 10.1379 | 10.1419 | 10.1460 |
| Woodie | 10.0682 | 10.0844 | 10.1120 | 10.1282 | 10.1558 | 10.1720 | 10.1996 |
| Fibonacci | 10.0825 | 10.0992 | 10.1096 | 10.1263 | 10.1430 | 10.1534 | 10.1701 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9823 | 10.0361 | 10.0745 | 10.1283 | 10.1667 | 10.2205 | 10.2589 |
| Camarilla | 10.0875 | 10.0959 | 10.1044 | 10.1128 | 10.1213 | 10.1297 | 10.1382 |
| Woodie | 9.9745 | 10.0323 | 10.0667 | 10.1245 | 10.1589 | 10.2167 | 10.2511 |
| Fibonacci | 10.0361 | 10.0714 | 10.0931 | 10.1283 | 10.1636 | 10.1853 | 10.2205 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9737 | 10.0444 | 10.0934 | 10.1641 | 10.2131 | 10.2838 | 10.3328 |
| Camarilla | 10.1095 | 10.1205 | 10.1314 | 10.1424 | 10.1534 | 10.1644 | 10.1753 |
| Woodie | 9.9629 | 10.0390 | 10.0826 | 10.1587 | 10.2023 | 10.2784 | 10.3220 |
| Fibonacci | 10.0444 | 10.0901 | 10.1184 | 10.1641 | 10.2098 | 10.2381 | 10.2838 |
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): | 49.09 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -2.6683 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 10.1301 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1360 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 10.1097 | |
| Zig ZAG (10): | 10.1267 | |
| VORTEX (21): | 1.0971 | |
| Stochastique (14,3,5): | 48.56 | |
| TEMA (21): | 10.1308 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0480 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 0.18 |
| MA7: | 10.1390 | |
| MA20: | 10.1558 | |
| MA50: | 10.1830 | |
| MA100: | 10.1697 | |
| MAexp7: | 10.1304 | |
| MAexp20: | 10.1282 | |
| MAexp50: | 10.1274 | |
| MAexp100: | 10.1317 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.06% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/SEK at the time of the analysis were 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
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