EUR/SEK
EUR SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURSEK
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EUR/SEK - 1H - Technical analysis published on 06/09/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 11.6347 SEK
My targets
11.6644 SEK (+0.0136)
11.6856 SEK (+0.0348)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/SEK as long as the price remains well above 11.6347 SEK. The buyers' bullish objective is set at 11.6644 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.6856 SEK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
4.5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/SEK price is 11.6508 SEK. On the day, this instrument gained +0.00% and was traded between 11.6445 SEK and 11.6531 SEK over the period. The price is currently at +0.05% from its lowest and -0.02% from its highest.

11.6445
11.6531
11.6508

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.

Central Gaps

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:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 1H chart of EUR/SEK indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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
Price


S3S2S1PriceR1R2
ProTrendLines 11.5587 11.5828 11.6347 11.6508 11.6644 11.6856
Change (%) -0.79% -0.58% -0.14% - +0.12% +0.30%
Change -0.0921 -0.0680 -0.0161 - +0.0136 +0.0348
Level Minor Major Intermediate - Minor 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
Standard11.563411.595211.623111.654911.682811.714611.7425
Camarilla11.634511.640011.645411.650911.656411.661911.6673
Woodie11.561411.594211.621111.653911.680811.713611.7405
Fibonacci11.595211.618011.632111.654911.677711.691811.7146


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.305711.407211.485511.587011.665311.766811.8451
Camarilla11.514311.530711.547211.563711.580211.596711.6132
Woodie11.294011.401411.473811.581211.653611.761011.8334
Fibonacci11.407211.475911.518411.587011.655711.698211.7668


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.747710.954611.274711.481611.801712.008612.3287
Camarilla11.449811.498111.546411.594711.643011.691311.7396
Woodie10.804210.982911.331211.509911.858212.036912.3852
Fibonacci10.954611.156011.280311.481611.683011.807312.0086

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): 49.97
MACD (12,26,9): -0.0013
Directional Movement: -3.6302
AROON (14): -7.1429
DEMA (21): 11.6484
Parabolic SAR (0,02-0,02-0,2): 11.6748
Elder Ray (13): -0.0008
Super Trend (3,10): 11.6248
Zig ZAG (10): 11.6510
VORTEX (21): 1.0605
Stochastique (14,3,5): 59.79
TEMA (21): 11.6476
Williams %R (14): -28.32
Chande Momentum Oscillator (20): 0.0051
Repulse (5,40,3): 0.0462
ROCnROLL: 1
TRIX (15,9): -0.0023
Courbe Coppock: 0.06
MA7: 11.6375
MA20: 11.5271
MA50: 11.4019
MA100: 11.3027
MAexp7: 11.6496
MAexp20: 11.6502
MAexp50: 11.6499
MAexp100: 11.6422
Price / MA7: +0.11%
Price / MA20: +1.07%
Price / MA50: +2.18%
Price / MA100: +3.08%
Price / MAexp7: +0.01%
Price / MAexp20: +0.01%
Price / MAexp50: +0.01%
Price / MAexp100: +0.07%

Quotes : - Real time data - 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:

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

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