USD/SEK - 1H - Technical analysis published on 02/14/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 10.4312 SEK
My targets
10.3499 SEK (-0.0215)
10.2944 SEK (-0.0770)
My analysis
The bearish trend is currently very strong for USD/SEK. As long as the price remains below the resistance at 10.4312 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.3499 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.2944 SEK as an objective. Crossing it would then enable sellers to target 10.1684 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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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 USD/SEK rating is 10.3714 SEK. The price registered an increase of +0.00% on the session and was traded between 10.3648 SEK and 10.3808 SEK over the period. The price is currently at +0.06% from its lowest and -0.09% from its highest.10.3648
10.3808
10.3714
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 sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
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
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 | 10.1684 | 10.2944 | 10.3499 | 10.3714 | 10.4312 | 10.4943 | 10.6164 |
| Change (%) | -1.96% | -0.74% | -0.21% | - | +0.58% | +1.18% | +2.36% |
| Change | -0.2030 | -0.0770 | -0.0215 | - | +0.0598 | +0.1229 | +0.2450 |
| Level | Major | Intermediate | Minor | - | Major | Major | Minor |
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 | 10.2052 | 10.2870 | 10.3293 | 10.4111 | 10.4534 | 10.5352 | 10.5775 |
| Camarilla | 10.3374 | 10.3488 | 10.3601 | 10.3715 | 10.3829 | 10.3943 | 10.4056 |
| Woodie | 10.1854 | 10.2771 | 10.3095 | 10.4012 | 10.4336 | 10.5253 | 10.5577 |
| Fibonacci | 10.2870 | 10.3344 | 10.3637 | 10.4111 | 10.4585 | 10.4878 | 10.5352 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9015 | 10.0979 | 10.2806 | 10.4770 | 10.6597 | 10.8561 | 11.0388 |
| Camarilla | 10.3590 | 10.3937 | 10.4285 | 10.4632 | 10.4980 | 10.5327 | 10.5675 |
| Woodie | 9.8946 | 10.0945 | 10.2737 | 10.4736 | 10.6528 | 10.8527 | 11.0319 |
| Fibonacci | 10.0979 | 10.2428 | 10.3322 | 10.4770 | 10.6219 | 10.7113 | 10.8561 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5854 | 9.8803 | 10.1597 | 10.4546 | 10.7340 | 11.0289 | 11.3083 |
| Camarilla | 10.2812 | 10.3338 | 10.3865 | 10.4391 | 10.4917 | 10.5444 | 10.5970 |
| Woodie | 9.5777 | 9.8764 | 10.1520 | 10.4507 | 10.7263 | 11.0250 | 11.3006 |
| Fibonacci | 9.8803 | 10.0997 | 10.2352 | 10.4546 | 10.6740 | 10.8095 | 11.0289 |
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): | 35.07 | |
| MACD (12,26,9): | -0.0189 | |
| Directional Movement: | -8.0824 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 10.3719 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.3808 | |
| Elder Ray (13): | -0.0131 | |
| Super Trend (3,10): | 10.4254 | |
| Zig ZAG (10): | 10.3678 | |
| VORTEX (21): | 0.7992 | |
| Stochastique (14,3,5): | 6.66 | |
| TEMA (21): | 10.3578 | |
| Williams %R (14): | -96.48 | |
| Chande Momentum Oscillator (20): | -0.0197 | |
| Repulse (5,40,3): | -0.1331 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0229 | |
| Courbe Coppock: | 1.14 |
| MA7: | 10.4742 | |
| MA20: | 10.3772 | |
| MA50: | 10.4051 | |
| MA100: | 10.6333 | |
| MAexp7: | 10.3740 | |
| MAexp20: | 10.3946 | |
| MAexp50: | 10.4176 | |
| MAexp100: | 10.4422 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -2.46% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.68% |
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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