EUR/SEK - 1H - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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 10.6587 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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 10.6160 | 10.6289 | 10.6452 | 10.6581 | 10.6744 | 10.6873 | 10.7036 |
Camarilla | 10.6535 | 10.6562 | 10.6588 | 10.6615 | 10.6642 | 10.6669 | 10.6695 |
Woodie | 10.6177 | 10.6298 | 10.6469 | 10.6590 | 10.6761 | 10.6882 | 10.7053 |
Fibonacci | 10.6289 | 10.6401 | 10.6470 | 10.6581 | 10.6693 | 10.6762 | 10.6873 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.5115 | 10.5766 | 10.6191 | 10.6842 | 10.7267 | 10.7918 | 10.8343 |
Camarilla | 10.6319 | 10.6418 | 10.6516 | 10.6615 | 10.6714 | 10.6812 | 10.6911 |
Woodie | 10.5001 | 10.5710 | 10.6077 | 10.6786 | 10.7153 | 10.7862 | 10.8229 |
Fibonacci | 10.5766 | 10.6177 | 10.6431 | 10.6842 | 10.7253 | 10.7507 | 10.7918 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.3485 | 10.4993 | 10.6326 | 10.7834 | 10.9167 | 11.0675 | 11.2008 |
Camarilla | 10.6877 | 10.7137 | 10.7398 | 10.7658 | 10.7918 | 10.8179 | 10.8439 |
Woodie | 10.3397 | 10.4949 | 10.6238 | 10.7790 | 10.9079 | 11.0631 | 11.1920 |
Fibonacci | 10.4993 | 10.6079 | 10.6749 | 10.7834 | 10.8920 | 10.9590 | 11.0675 |
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:
- 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
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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