EUR/SEK - 15 min. - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 10.4783 SEK
My targets
10.4202 SEK (-0.0209)
10.3897 SEK (-0.0514)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/SEK as long as the price remains well below 10.4783 SEK. The sellers” bearish objective is set at 10.4202 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.3897 SEK. In case of crossing, the next objective would be the support located at 10.3316 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/SEK rating 10.4411 SEK. The price registered a decrease of -0.09% on the session with the lowest point at 10.4350 SEK and the highest point at 10.4719 SEK. The deviation from the price is +0.06% for the low point and -0.29% for the high point.10.4350
10.4719
10.4411
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/SEK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.6387 | 10.1558 | 10.4106 | 10.4411 | 10.4479 | 10.4925 | 10.5243 |
| Change (%) | -7.69% | -2.73% | -0.29% | - | +0.07% | +0.49% | +0.80% |
| Change | -0.8024 | -0.2853 | -0.0305 | - | +0.0068 | +0.0514 | +0.0832 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3316 | 10.3897 | 10.4202 | 10.4783 | 10.5088 | 10.5669 | 10.5974 |
| Camarilla | 10.4262 | 10.4344 | 10.4425 | 10.4506 | 10.4587 | 10.4668 | 10.4750 |
| Woodie | 10.3177 | 10.3828 | 10.4063 | 10.4714 | 10.4949 | 10.5600 | 10.5835 |
| Fibonacci | 10.3897 | 10.4236 | 10.4445 | 10.4783 | 10.5122 | 10.5331 | 10.5669 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3533 | 10.4192 | 10.4612 | 10.5271 | 10.5691 | 10.6350 | 10.6770 |
| Camarilla | 10.4734 | 10.4833 | 10.4932 | 10.5031 | 10.5130 | 10.5229 | 10.5328 |
| Woodie | 10.3413 | 10.4132 | 10.4492 | 10.5211 | 10.5571 | 10.6290 | 10.6650 |
| Fibonacci | 10.4192 | 10.4605 | 10.4859 | 10.5271 | 10.5684 | 10.5938 | 10.6350 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1629 | 10.3297 | 10.4391 | 10.6059 | 10.7153 | 10.8821 | 10.9915 |
| Camarilla | 10.4724 | 10.4978 | 10.5231 | 10.5484 | 10.5737 | 10.5990 | 10.6244 |
| Woodie | 10.1341 | 10.3154 | 10.4103 | 10.5916 | 10.6865 | 10.8678 | 10.9627 |
| Fibonacci | 10.3297 | 10.4352 | 10.5004 | 10.6059 | 10.7114 | 10.7766 | 10.8821 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.42 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -8.0532 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 10.4493 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4629 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 10.4646 | |
| Zig ZAG (10): | 10.4476 | |
| VORTEX (21): | 0.9741 | |
| Stochastique (14,3,5): | 28.17 | |
| TEMA (21): | 10.4479 | |
| Williams %R (14): | -69.87 | |
| Chande Momentum Oscillator (20): | -0.0063 | |
| Repulse (5,40,3): | -0.0642 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10.5062 | |
| MA20: | 10.5698 | |
| MA50: | 10.6840 | |
| MA100: | 10.6972 | |
| MAexp7: | 10.4480 | |
| MAexp20: | 10.4487 | |
| MAexp50: | 10.4510 | |
| MAexp100: | 10.4562 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | -2.39% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.14% |
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:
-
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.
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