JPY/SEK - Daily - Technical analysis published on 09/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.07759 SEK
My targets
0.07981 SEK (+0.00182)
0.08184 SEK (+0.00385)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/SEK as long as the price remains well above 0.07759 SEK. The buyers' bullish objective is set at 0.07981 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.08184 SEK. If there is any crossing, the next objective would be the resistance located at 0.08327 SEK.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/SEK rating is 0.07799 SEK. On the day, this instrument gained +0.24% and was traded between 0.07775 SEK and 0.07804 SEK over the period. The price is currently at +0.31% from its lowest and -0.06% from its highest.0.07775
0.07804
0.07799
Here is a more detailed summary of the historical variations registered by JPY/SEK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/SEK in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.07334 | 0.07539 | 0.07759 | 0.07799 | 0.07981 | 0.08184 | 0.08327 |
Change (%) | -5.96% | -3.33% | -0.51% | - | +2.33% | +4.94% | +6.77% |
Change | -0.00465 | -0.00260 | -0.00040 | - | +0.00182 | +0.00385 | +0.00528 |
Level | Major | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.07376 | 0.07479 | 0.07629 | 0.07732 | 0.07882 | 0.07985 | 0.08135 |
Camarilla | 0.07710 | 0.07734 | 0.07757 | 0.07780 | 0.07803 | 0.07826 | 0.07850 |
Woodie | 0.07401 | 0.07491 | 0.07654 | 0.07744 | 0.07907 | 0.07997 | 0.08160 |
Fibonacci | 0.07479 | 0.07575 | 0.07635 | 0.07732 | 0.07828 | 0.07888 | 0.07985 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.07115 | 0.07207 | 0.07373 | 0.07465 | 0.07631 | 0.07723 | 0.07889 |
Camarilla | 0.07469 | 0.07493 | 0.07516 | 0.07540 | 0.07564 | 0.07587 | 0.07611 |
Woodie | 0.07153 | 0.07226 | 0.07411 | 0.07484 | 0.07669 | 0.07742 | 0.07927 |
Fibonacci | 0.07207 | 0.07305 | 0.07366 | 0.07465 | 0.07563 | 0.07624 | 0.07723 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.07156 | 0.07329 | 0.07497 | 0.07670 | 0.07838 | 0.08011 | 0.08179 |
Camarilla | 0.07572 | 0.07604 | 0.07635 | 0.07666 | 0.07697 | 0.07729 | 0.07760 |
Woodie | 0.07155 | 0.07328 | 0.07496 | 0.07669 | 0.07837 | 0.08010 | 0.08178 |
Fibonacci | 0.07329 | 0.07459 | 0.07539 | 0.07670 | 0.07800 | 0.07880 | 0.08011 |
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): | 64.68 | |
MACD (12,26,9): | 0.0001 | |
Directional Movement: | 2.92884 | |
AROON (14): | 50.00000 | |
DEMA (21): | 0.07613 | |
Parabolic SAR (0,02-0,02-0,2): | 0.07382 | |
Elder Ray (13): | 0.00170 | |
Super Trend (3,10): | 0.07452 | |
Zig ZAG (10): | 0.07798 | |
VORTEX (21): | 1.0234 | |
Stochastique (14,3,5): | 90.01 | |
TEMA (21): | 0.07635 | |
Williams %R (14): | -6.53 | |
Chande Momentum Oscillator (20): | 0.00370 | |
Repulse (5,40,3): | 3.4248 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0463 | |
Courbe Coppock: | 0.04 |
MA7: | 0.07631 | |
MA20: | 0.07581 | |
MA50: | 0.07602 | |
MA100: | 0.07609 | |
MAexp7: | 0.07663 | |
MAexp20: | 0.07607 | |
MAexp50: | 0.07609 | |
MAexp100: | 0.07632 | |
Price / MA7: | +2.20% | |
Price / MA20: | +2.88% | |
Price / MA50: | +2.59% | |
Price / MA100: | +2.50% | |
Price / MAexp7: | +1.77% | |
Price / MAexp20: | +2.52% | |
Price / MAexp50: | +2.50% | |
Price / MAexp100: | +2.19% |
Quotes :
-
Real time data
-
Forex
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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