GBP/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	GBPSEK
ISIN:

GBP/SEK - 1H - Technical analysis published on 05/14/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

17%

56%

28%

My opinion

Neutral between 13.5940 SEK and 13.6362 SEK

My targets

My analysis

The short-term decline on GBP/SEK remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 13.5940 SEK. The first resistance is located at 13.6362 SEK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/SEK rating 13.6129 SEK. The price registered a decrease of -0.01% on the session and was between 13.5860 SEK and 13.6594 SEK. This implies that the price is at +0.20% from its lowest and at -0.34% from its highest.

13.5860

13.6594

13.6129

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.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a 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 GBP/SEK indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.5821	13.5940	13.6087	13.6129	13.6362	13.6537	13.6939
Change (%)	-0.23%	-0.14%	-0.03%	-	+0.17%	+0.30%	+0.60%
Change	-0.0308	-0.0189	-0.0042	-	+0.0233	+0.0408	+0.0810
Level	Major	Intermediate	Minor	-	Major	Intermediate	Minor

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	13.4953	13.5267	13.5701	13.6015	13.6449	13.6763	13.7197
Camarilla	13.5930	13.5999	13.6067	13.6136	13.6205	13.6273	13.6342
Woodie	13.5014	13.5297	13.5762	13.6045	13.6510	13.6793	13.7258
Fibonacci	13.5267	13.5552	13.5729	13.6015	13.6300	13.6477	13.6763

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.4296	13.4881	13.5368	13.5953	13.6440	13.7025	13.7512
Camarilla	13.5560	13.5659	13.5757	13.5855	13.5953	13.6052	13.6150
Woodie	13.4247	13.4857	13.5319	13.5929	13.6391	13.7001	13.7463
Fibonacci	13.4881	13.5291	13.5544	13.5953	13.6363	13.6616	13.7025

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.0152	13.1709	13.4661	13.6218	13.9170	14.0727	14.3679
Camarilla	13.6372	13.6785	13.7199	13.7612	13.8025	13.8439	13.8852
Woodie	13.0849	13.2058	13.5358	13.6567	13.9867	14.1076	14.4376
Fibonacci	13.1709	13.3432	13.4496	13.6218	13.7941	13.9005	14.0727

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):	47.23
MACD (12,26,9):	-0.0003
Directional Movement:	0.6258
AROON (14):	28.5714
DEMA (21):	13.6200
Parabolic SAR (0,02-0,02-0,2):	13.6559
Elder Ray (13):	-0.0080
Super Trend (3,10):	13.5877
Zig ZAG (10):	13.6115
VORTEX (21):	0.9808
Stochastique (14,3,5):	27.11
TEMA (21):	13.6145
Williams %R (14):	-65.26
Chande Momentum Oscillator (20):	-0.0167
Repulse (5,40,3):	-0.0251
ROCnROLL:	2
TRIX (15,9):	0.0037
Courbe Coppock:	0.17

MA7:	13.5994
MA20:	13.6061
MA50:	13.4492
MA100:	13.2878
MAexp7:	13.6137
MAexp20:	13.6185
MAexp50:	13.6130
MAexp100:	13.6103
Price / MA7:	+0.10%
Price / MA20:	+0.05%
Price / MA50:	+1.22%
Price / MA100:	+2.45%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.00%
Price / MAexp100:	+0.02%

Quotes : - Real time data - Forex

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

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Londinia AI

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