USD/SEK
USD SEK
- SEK (-)
- Real time data - Forex
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Type: Forex
Ticker: USDSEK
ISIN:

USD/SEK - 1H - Technical analysis published on 09/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 8.8101 SEK
My targets
8.7403 SEK (-0.0281)
8.6849 SEK (-0.0835)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/SEK, which is a positive signal for sellers. As long as the price remains above 8.8101 SEK, a sale could be considered. The first bearish objective is located at 8.7403 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.6849 SEK as an objective. Crossing it would then enable sellers to target 8.5065 SEK. If the price were to return above 8.8101 SEK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

USD/SEK rating 8.7684 SEK. The price is lower by -0.08% since the last closing and was traded between 8.7613 SEK and 8.7788 SEK over the period. The price is currently at +0.08% from its lowest and -0.12% from its highest.

8.7613
8.7788
8.7684

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/SEK chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Parabolic SAR indicator bullish reversal

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 this result:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.6849 8.7403 8.7638 8.7684 8.8101 8.8334 8.8669
Change (%) -0.95% -0.32% -0.05% - +0.48% +0.74% +1.12%
Change -0.0835 -0.0281 -0.0046 - +0.0417 +0.0650 +0.0985
Level Minor Minor Intermediate - Major Minor 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
Standard8.63288.69798.73688.80198.84088.90598.9448
Camarilla8.74728.75678.76638.77588.78538.79498.8044
Woodie8.61988.69148.72388.79548.82788.89948.9318
Fibonacci8.69798.73768.76218.80198.84168.86618.9059


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.51588.60038.68718.77168.85848.94299.0297
Camarilla8.72678.74248.75818.77388.78958.80528.8209
Woodie8.51698.60098.68828.77228.85958.94359.0308
Fibonacci8.60038.66588.70628.77168.83718.87758.9429


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.35278.47958.56458.69138.77638.90318.9881
Camarilla8.59148.61088.63028.64968.66908.68848.7079
Woodie8.33198.46918.54378.68098.75558.89278.9673
Fibonacci8.47958.56048.61048.69138.77228.82228.9031

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 41.71
MACD (12,26,9): -0.0107
Directional Movement: -8.7606
AROON (14): -57.1429
DEMA (21): 8.7720
Parabolic SAR (0,02-0,02-0,2): 8.7788
Elder Ray (13): -0.0094
Super Trend (3,10): 8.8133
Zig ZAG (10): 8.7712
VORTEX (21): 0.8378
Stochastique (14,3,5): 15.96
TEMA (21): 8.7600
Williams %R (14): -87.01
Chande Momentum Oscillator (20): -0.0208
Repulse (5,40,3): -0.1015
ROCnROLL: 2
TRIX (15,9): -0.0163
Courbe Coppock: 0.81
MA7: 8.7805
MA20: 8.7475
MA50: 8.7837
MA100: 9.1241
MAexp7: 8.7752
MAexp20: 8.7843
MAexp50: 8.7917
MAexp100: 8.7875
Price / MA7: -0.14%
Price / MA20: +0.24%
Price / MA50: -0.17%
Price / MA100: -3.90%
Price / MAexp7: -0.08%
Price / MAexp20: -0.18%
Price / MAexp50: -0.26%
Price / MAexp100: -0.22%

Quotes : 2020-09-18 06:47:33 - Real time data - Forex

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

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