EUR/SEK
EUR SEK
- SEK (-)
- Real time data - Forex
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Type: Forex
Ticker: EURSEK
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EUR/SEK - 1H - Technical analysis published on 11/18/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 10.6693 SEK
My targets
10.6421 SEK (-0.16%)
10.6279 SEK (-0.29%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/SEK. As long as you are under the resistance located at 10.6693 SEK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 10.6421 SEK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 10.6279 SEK as an objective. Crossing it would then enable sellers to target 10.6095 SEK. If the resistance 10.6693 SEK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/SEK price is 10.6587 SEK. The price is lower by -0.03% since the last closing and was traded between 10.6422 SEK and 10.6668 SEK over the period. The price is currently at +0.16% from its lowest and -0.08% from its highest.

10.6422
10.6668
10.6587

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/SEK chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.6095 10.6279 10.6421 10.6587 10.6693 10.7020 10.7221
Change (%) -0.46% -0.29% -0.16% - +0.10% +0.41% +0.59%
Change -0.0492 -0.0308 -0.0166 - +0.0106 +0.0433 +0.0634
Level Minor Major Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.616010.628910.645210.658110.674410.687310.7036
Camarilla10.653510.656210.658810.661510.664210.666910.6695
Woodie10.617710.629810.646910.659010.676110.688210.7053
Fibonacci10.628910.640110.647010.658110.669310.676210.6873


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.511510.576610.619110.684210.726710.791810.8343
Camarilla10.631910.641810.651610.661510.671410.681210.6911
Woodie10.500110.571010.607710.678610.715310.786210.8229
Fibonacci10.576610.617710.643110.684210.725310.750710.7918


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.348510.499310.632610.783410.916711.067511.2008
Camarilla10.687710.713710.739810.765810.791810.817910.8439
Woodie10.339710.494910.623810.779010.907911.063111.1920
Fibonacci10.499310.607910.674910.783410.892010.959011.0675

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): 49.56
MACD (12,26,9): -0.0014
Directional Movement: -4.9387
AROON (14): 14.2857
DEMA (21): 10.6540
Parabolic SAR (0,02-0,02-0,2): 10.6432
Elder Ray (13): 0.0019
Super Trend (3,10): 10.6708
Zig ZAG (10): 10.6574
VORTEX (21): 1.0275
Stochastique (14,3,5): 63.55
TEMA (21): 10.6584
Williams %R (14): -41.06
Chande Momentum Oscillator (20): 0.0081
Repulse (5,40,3): -0.0237
ROCnROLL: -1
TRIX (15,9): -0.0035
Courbe Coppock: 0.11
MA7: 10.6826
MA20: 10.7077
MA50: 10.7353
MA100: 10.6948
MAexp7: 10.6566
MAexp20: 10.6570
MAexp50: 10.6657
MAexp100: 10.6760
Price / MA7: -0.22%
Price / MA20: -0.46%
Price / MA50: -0.71%
Price / MA100: -0.34%
Price / MAexp7: +0.02%
Price / MAexp20: +0.02%
Price / MAexp50: -0.07%
Price / MAexp100: -0.16%

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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