USD/SEK - 1H - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 10.2785 SEK
My targets
10.3291 SEK (+0.0295)
10.3813 SEK (+0.0817)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/SEK as long as the price remains well above 10.2785 SEK. The buyers' bullish objective is set at 10.3291 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.3813 SEK. If there is any crossing, the next objective would be the resistance located at 10.4312 SEK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/SEK rating 10.2996 SEK. The price registered an increase of +0.31% on the session with the lowest point at 10.2574 SEK and the highest point at 10.3203 SEK. The deviation from the price is +0.41% for the low point and -0.20% for the high point.10.2574
10.3203
10.2996
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/SEK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 10.1684 | 10.2391 | 10.2785 | 10.2996 | 10.3291 | 10.3813 | 10.4312 |
| Change (%) | -1.27% | -0.59% | -0.20% | - | +0.29% | +0.79% | +1.28% |
| Change | -0.1312 | -0.0605 | -0.0211 | - | +0.0295 | +0.0817 | +0.1316 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 10.0521 | 10.1197 | 10.1940 | 10.2616 | 10.3359 | 10.4035 | 10.4778 |
| Camarilla | 10.2293 | 10.2423 | 10.2553 | 10.2683 | 10.2813 | 10.2943 | 10.3073 |
| Woodie | 10.0555 | 10.1214 | 10.1974 | 10.2633 | 10.3393 | 10.4052 | 10.4812 |
| Fibonacci | 10.1197 | 10.1739 | 10.2074 | 10.2616 | 10.3158 | 10.3493 | 10.4035 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9808 | 10.1101 | 10.1985 | 10.3278 | 10.4162 | 10.5455 | 10.6339 |
| Camarilla | 10.2270 | 10.2470 | 10.2669 | 10.2869 | 10.3069 | 10.3268 | 10.3468 |
| Woodie | 9.9604 | 10.0999 | 10.1781 | 10.3176 | 10.3958 | 10.5353 | 10.6135 |
| Fibonacci | 10.1101 | 10.1933 | 10.2446 | 10.3278 | 10.4110 | 10.4623 | 10.5455 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8189 | 9.9844 | 10.2100 | 10.3755 | 10.6011 | 10.7666 | 10.9922 |
| Camarilla | 10.3281 | 10.3639 | 10.3998 | 10.4356 | 10.4715 | 10.5073 | 10.5432 |
| Woodie | 9.8490 | 9.9994 | 10.2401 | 10.3905 | 10.6312 | 10.7816 | 11.0223 |
| Fibonacci | 9.9844 | 10.1338 | 10.2261 | 10.3755 | 10.5249 | 10.6172 | 10.7666 |
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): | 61.49 | |
| MACD (12,26,9): | 0.0136 | |
| Directional Movement: | 13.8847 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 10.3015 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.2648 | |
| Elder Ray (13): | 0.0160 | |
| Super Trend (3,10): | 10.2490 | |
| Zig ZAG (10): | 10.3089 | |
| VORTEX (21): | 1.1269 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 10.3038 | |
| Williams %R (14): | -19.71 | |
| Chande Momentum Oscillator (20): | 0.0397 | |
| Repulse (5,40,3): | 0.0795 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0199 | |
| Courbe Coppock: | 0.40 |
| MA7: | 10.2596 | |
| MA20: | 10.3907 | |
| MA50: | 10.4112 | |
| MA100: | 10.6912 | |
| MAexp7: | 10.2952 | |
| MAexp20: | 10.2827 | |
| MAexp50: | 10.2621 | |
| MAexp100: | 10.2598 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | -3.66% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.39% |
Quotes :
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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.
About author
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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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