EUR/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURSEK
ISIN:

EUR/SEK - Daily - Technical analysis published on 11/26/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 10.2513 SEK

My targets

10.3598 SEK (+0.0524)

10.6944 SEK (+0.3870)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EUR/SEK. This is a positive signal for buyers. As long as the price remains above 10.2513 SEK, a purchase could be considered. The first bullish objective is located at 10.3598 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.6944 SEK as an objective. Crossing it would then enable buyers to target 10.9298 SEK. In the event of a return below 10.2513 SEK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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

7.3

Comment on the analysis

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 sebanja. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/SEK rating is 10.3074 SEK. On the day, this instrument gained +0.88% and was traded between 10.2136 SEK and 10.3359 SEK over the period. The price is currently at +0.92% from its lowest and -0.28% from its highest.

10.2136

10.3359

10.3074

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/SEK in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.1894	10.2513	10.2990	10.3074	10.6944	10.9298	11.1931
Change (%)	-1.14%	-0.54%	-0.08%	-	+3.75%	+6.04%	+8.59%
Change	-0.1180	-0.0561	-0.0084	-	+0.3870	+0.6224	+0.8857
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1046	10.1299	10.1738	10.1991	10.2430	10.2683	10.3122
Camarilla	10.1988	10.2051	10.2115	10.2178	10.2241	10.2305	10.2368
Woodie	10.1140	10.1346	10.1832	10.2038	10.2524	10.2730	10.3216
Fibonacci	10.1299	10.1563	10.1726	10.1991	10.2255	10.2418	10.2683

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.8997	9.9432	10.0230	10.0665	10.1463	10.1898	10.2696
Camarilla	10.0690	10.0803	10.0916	10.1029	10.1142	10.1255	10.1368
Woodie	9.9180	9.9523	10.0413	10.0756	10.1646	10.1989	10.2879
Fibonacci	9.9432	9.9903	10.0194	10.0665	10.1136	10.1427	10.1898

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.5849	9.7544	9.8432	10.0127	10.1015	10.2710	10.3598
Camarilla	9.8610	9.8847	9.9083	9.9320	9.9557	9.9794	10.0030
Woodie	9.5446	9.7342	9.8029	9.9925	10.0612	10.2508	10.3195
Fibonacci	9.7544	9.8531	9.9140	10.0127	10.1114	10.1723	10.2710

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):	74.87
MACD (12,26,9):	0.0537
Directional Movement:	29.4086
AROON (14):	100.0000
DEMA (21):	10.1429
Parabolic SAR (0,02-0,02-0,2):	10.1173
Elder Ray (13):	0.1486
Super Trend (3,10):	10.0628
Zig ZAG (10):	10.3035
VORTEX (21):	1.1944
Stochastique (14,3,5):	93.91
TEMA (21):	10.2139
Williams %R (14):	-7.72
Chande Momentum Oscillator (20):	0.3087
Repulse (5,40,3):	1.7717
ROCnROLL:	1
TRIX (15,9):	0.0216
Courbe Coppock:	4.86

MA7:	10.1705
MA20:	10.0371
MA50:	10.0679
MA100:	10.1355
MAexp7:	10.1836
MAexp20:	10.0918
MAexp50:	10.0793
MAexp100:	10.1048
Price / MA7:	+1.35%
Price / MA20:	+2.69%
Price / MA50:	+2.38%
Price / MA100:	+1.70%
Price / MAexp7:	+1.22%
Price / MAexp20:	+2.14%
Price / MAexp50:	+2.26%
Price / MAexp100:	+2.00%

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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