GBP/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - Daily - Technical analysis published on 03/04/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 11.6386 SEK

My targets

11.8607 SEK (+0.1053)

12.0865 SEK (+0.3311)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/SEK as long as the price remains well above 11.6386 SEK. The buyers” bullish objective is set at 11.8607 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.0865 SEK. If there is any crossing, the next objective would be the resistance located at 12.7118 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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

The GBP/SEK price is 11.7554 SEK. The price has increased by +0.11% since the last closing and was traded between 11.7356 SEK and 11.7695 SEK over the period. The price is currently at +0.17% from its lowest and -0.12% from its highest.

11.7356

11.7695

11.7554

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/SEK indicates that the overall trend is strongly bullish. 92.86% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

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 engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.2929	11.4785	11.6386	11.7554	11.7867	11.8607	12.0865
Change (%)	-3.93%	-2.36%	-0.99%	-	+0.27%	+0.90%	+2.82%
Change	-0.4625	-0.2769	-0.1168	-	+0.0313	+0.1053	+0.3311
Level	Intermediate	Major	Major	-	Major	Intermediate	Intermediate

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
Standard	11.6203	11.6526	11.6973	11.7296	11.7743	11.8066	11.8513
Camarilla	11.7209	11.7280	11.7350	11.7421	11.7492	11.7562	11.7633
Woodie	11.6266	11.6557	11.7036	11.7327	11.7806	11.8097	11.8576
Fibonacci	11.6526	11.6820	11.7002	11.7296	11.7590	11.7772	11.8066

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4255	11.5018	11.6251	11.7014	11.8247	11.9010	12.0243
Camarilla	11.6934	11.7117	11.7300	11.7483	11.7666	11.7849	11.8032
Woodie	11.4489	11.5136	11.6485	11.7132	11.8481	11.9128	12.0477
Fibonacci	11.5018	11.5781	11.6252	11.7014	11.7777	11.8248	11.9010

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.1528	11.2837	11.5160	11.6469	11.8792	12.0101	12.2424
Camarilla	11.6484	11.6817	11.7150	11.7483	11.7816	11.8149	11.8482
Woodie	11.2035	11.3091	11.5667	11.6723	11.9299	12.0355	12.2931
Fibonacci	11.2837	11.4224	11.5082	11.6469	11.7856	11.8714	12.0101

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):	67.94
MACD (12,26,9):	0.0857
Directional Movement:	16.5363
AROON (14):	78.5714
DEMA (21):	11.7357
Parabolic SAR (0,02-0,02-0,2):	11.6290
Elder Ray (13):	0.0813
Super Trend (3,10):	11.5057
Zig ZAG (10):	11.7602
VORTEX (21):	1.1656
Stochastique (14,3,5):	68.73
TEMA (21):	11.7645
Williams %R (14):	-25.28
Chande Momentum Oscillator (20):	0.2320
Repulse (5,40,3):	0.3334
ROCnROLL:	1
TRIX (15,9):	0.1003
Courbe Coppock:	3.57

MA7:	11.7173
MA20:	11.6089
MA50:	11.4322
MA100:	11.4030
MAexp7:	11.7143
MAexp20:	11.6238
MAexp50:	11.5054
MAexp100:	11.4651
Price / MA7:	+0.33%
Price / MA20:	+1.26%
Price / MA50:	+2.83%
Price / MA100:	+3.09%
Price / MAexp7:	+0.35%
Price / MAexp20:	+1.13%
Price / MAexp50:	+2.17%
Price / MAexp100:	+2.53%

Quotes : 2021-03-04 08:25:37 - Real time data - Forex

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

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