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 05/24/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 10.4181 SEK

My targets

10.6944 SEK (+0.2013)

10.8481 SEK (+0.3550)

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 10.4181 SEK. The next resistance located at 10.6944 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 10.8481 SEK. After this resistance, buyers could then target 11.1931 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.5

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

Additional analysis

Quotes

EUR/SEK rating 10.4931 SEK. On the day, this instrument lost -0.04% with the lowest point at 10.4782 SEK and the highest point at 10.5088 SEK. The deviation from the price is +0.14% for the low point and -0.15% for the high point.

10.4782

10.5088

10.4931

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/SEK indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.2397	10.3431	10.4181	10.4931	10.6944	10.8481	11.1931
Change (%)	-2.41%	-1.43%	-0.71%	-	+1.92%	+3.38%	+6.67%
Change	-0.2534	-0.1500	-0.0750	-	+0.2013	+0.3550	+0.7000
Level	Major	Intermediate	Major	-	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	10.3826	10.4207	10.4590	10.4971	10.5354	10.5735	10.6118
Camarilla	10.4762	10.4832	10.4902	10.4972	10.5042	10.5112	10.5182
Woodie	10.3826	10.4208	10.4590	10.4972	10.5354	10.5736	10.6118
Fibonacci	10.4207	10.4499	10.4680	10.4971	10.5263	10.5444	10.5735

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3089	10.3608	10.4319	10.4838	10.5549	10.6068	10.6779
Camarilla	10.4692	10.4805	10.4917	10.5030	10.5143	10.5256	10.5368
Woodie	10.3185	10.3656	10.4415	10.4886	10.5645	10.6116	10.6875
Fibonacci	10.3608	10.4078	10.4368	10.4838	10.5308	10.5598	10.6068

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.9694	10.0956	10.2277	10.3539	10.4860	10.6122	10.7443
Camarilla	10.2887	10.3124	10.3360	10.3597	10.3834	10.4071	10.4307
Woodie	9.9723	10.0971	10.2306	10.3554	10.4889	10.6137	10.7472
Fibonacci	10.0956	10.1943	10.2553	10.3539	10.4526	10.5136	10.6122

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):	53.05
MACD (12,26,9):	0.0283
Directional Movement:	3.7963
AROON (14):	21.4285
DEMA (21):	10.5166
Parabolic SAR (0,02-0,02-0,2):	10.6541
Elder Ray (13):	-0.0020
Super Trend (3,10):	10.3089
Zig ZAG (10):	10.5016
VORTEX (21):	1.0956
Stochastique (14,3,5):	48.89
TEMA (21):	10.5383
Williams %R (14):	-51.07
Chande Momentum Oscillator (20):	0.0167
Repulse (5,40,3):	0.0524
ROCnROLL:	1
TRIX (15,9):	0.0487
Courbe Coppock:	1.53

MA7:	10.4994
MA20:	10.4809
MA50:	10.4041
MA100:	10.4593
MAexp7:	10.5033
MAexp20:	10.4792
MAexp50:	10.4507
MAexp100:	10.4184
Price / MA7:	-0.06%
Price / MA20:	+0.12%
Price / MA50:	+0.86%
Price / MA100:	+0.32%
Price / MAexp7:	-0.10%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.72%

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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