USD/SEK - 1H - Technical analysis published on 10/09/2020 (GMT)
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- Timeframe : 1H
- - 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
11%
83%
6%
My opinion
Bearish under 8.8101 SEK
My targets
8.7289 SEK (-0.0655)
8.6265 SEK (-0.1679)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/SEK as long as the price remains well below 8.8101 SEK. The sellers” bearish objective is set at 8.7289 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.6265 SEK. In case of crossing, the next objective would be the support located at 8.2850 SEK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/SEK rating 8.7944 SEK. The price registered a decrease of -0.69% on the session with the lowest point at 8.7851 SEK and the highest point at 8.8631 SEK. The deviation from the price is +0.11% for the low point and -0.78% for the high point.8.7851
8.8631
8.7944
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/SEK:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/SEK in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8429 | 8.2850 | 8.6265 | 8.7944 | 8.8101 | 8.8773 | 8.9452 |
| Change (%) | -10.82% | -5.79% | -1.91% | - | +0.18% | +0.94% | +1.71% |
| Change | -0.9515 | -0.5094 | -0.1679 | - | +0.0157 | +0.0829 | +0.1508 |
| Level | Major | Minor | Intermediate | - | 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 | 8.8009 | 8.8278 | 8.8415 | 8.8684 | 8.8821 | 8.9090 | 8.9227 |
| Camarilla | 8.8440 | 8.8478 | 8.8515 | 8.8552 | 8.8589 | 8.8626 | 8.8664 |
| Woodie | 8.7943 | 8.8245 | 8.8349 | 8.8651 | 8.8755 | 8.9057 | 8.9161 |
| Fibonacci | 8.8278 | 8.8433 | 8.8529 | 8.8684 | 8.8839 | 8.8935 | 8.9090 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5718 | 8.7289 | 8.8317 | 8.9888 | 9.0916 | 9.2487 | 9.3515 |
| Camarilla | 8.8630 | 8.8869 | 8.9107 | 8.9345 | 8.9583 | 8.9822 | 9.0060 |
| Woodie | 8.5447 | 8.7153 | 8.8046 | 8.9752 | 9.0645 | 9.2351 | 9.3244 |
| Fibonacci | 8.7289 | 8.8282 | 8.8895 | 8.9888 | 9.0881 | 9.1494 | 9.2487 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0732 | 8.3343 | 8.6433 | 8.9044 | 9.2134 | 9.4745 | 9.7835 |
| Camarilla | 8.7955 | 8.8478 | 8.9000 | 8.9523 | 9.0046 | 9.0568 | 9.1091 |
| Woodie | 8.0972 | 8.3463 | 8.6673 | 8.9164 | 9.2374 | 9.4865 | 9.8075 |
| Fibonacci | 8.3343 | 8.5521 | 8.6866 | 8.9044 | 9.1222 | 9.2567 | 9.4745 |
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): | 24.55 | |
| MACD (12,26,9): | -0.0173 | |
| Directional Movement: | -20.1664 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 8.8255 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.8538 | |
| Elder Ray (13): | -0.0308 | |
| Super Trend (3,10): | 8.8462 | |
| Zig ZAG (10): | 8.7972 | |
| VORTEX (21): | 0.7216 | |
| Stochastique (14,3,5): | 8.72 | |
| TEMA (21): | 8.8198 | |
| Williams %R (14): | -91.69 | |
| Chande Momentum Oscillator (20): | -0.0461 | |
| Repulse (5,40,3): | -0.3371 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0171 | |
| Courbe Coppock: | 0.65 |
| MA7: | 8.8900 | |
| MA20: | 8.9051 | |
| MA50: | 8.7959 | |
| MA100: | 9.0008 | |
| MAexp7: | 8.8233 | |
| MAexp20: | 8.8386 | |
| MAexp50: | 8.8623 | |
| MAexp100: | 8.8858 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | -2.29% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -1.03% |
Quotes :
2020-10-09 15:30:36
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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