USD/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDSEK
ISIN:

USD/SEK - Daily - Technical analysis published on 08/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 10.7303 SEK

My targets

10.9532 SEK (+0.0911)

11.3700 SEK (+0.5079)

My analysis

The bullish trend is currently very strong on USD/SEK. As long as the price remains above the support at 10.7303 SEK, you could try to benefit from the boom. The first bullish objective is located at 10.9532 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.3700 SEK as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/SEK rating is 10.8621 SEK. The price registered an increase of +0.00% on the session and was between 10.8490 SEK and 10.8771 SEK. This implies that the price is at +0.12% from its lowest and at -0.14% from its highest.

10.8490

10.8771

10.8621

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily of this USD/SEK chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bearish doji star

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.4312	10.6092	10.7303	10.8621	10.8642	10.9532	11.3700
Change (%)	-3.97%	-2.33%	-1.21%	-	+0.02%	+0.84%	+4.68%
Change	-0.4309	-0.2529	-0.1318	-	+0.0021	+0.0911	+0.5079
Level	Minor	Minor	Major	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.6841	10.7254	10.7939	10.8352	10.9037	10.9450	11.0135
Camarilla	10.8322	10.8423	10.8523	10.8624	10.8725	10.8825	10.8926
Woodie	10.6977	10.7322	10.8075	10.8420	10.9173	10.9518	11.0271
Fibonacci	10.7254	10.7673	10.7933	10.8352	10.8771	10.9031	10.9450

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3128	10.4284	10.6193	10.7349	10.9258	11.0414	11.2323
Camarilla	10.7259	10.7540	10.7821	10.8102	10.8383	10.8664	10.8945
Woodie	10.3505	10.4472	10.6570	10.7537	10.9635	11.0602	11.2700
Fibonacci	10.4284	10.5455	10.6178	10.7349	10.8520	10.9243	11.0414

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.3107	9.7404	10.1322	10.5619	10.9537	11.3834	11.7752
Camarilla	10.2980	10.3733	10.4486	10.5239	10.5992	10.6745	10.7498
Woodie	9.2917	9.7309	10.1132	10.5524	10.9347	11.3739	11.7562
Fibonacci	9.7404	10.0543	10.2481	10.5619	10.8758	11.0696	11.3834

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):	64.49
MACD (12,26,9):	0.0725
Directional Movement:	8.0373
AROON (14):	85.7143
DEMA (21):	10.7385
Parabolic SAR (0,02-0,02-0,2):	10.6452
Elder Ray (13):	0.1519
Super Trend (3,10):	10.4902
Zig ZAG (10):	10.8613
VORTEX (21):	1.2547
Stochastique (14,3,5):	91.46
TEMA (21):	10.8202
Williams %R (14):	-6.67
Chande Momentum Oscillator (20):	0.3347
Repulse (5,40,3):	0.8842
ROCnROLL:	1
TRIX (15,9):	0.0363
Courbe Coppock:	6.55

MA7:	10.7761
MA20:	10.6027
MA50:	10.6388
MA100:	10.5481
MAexp7:	10.7804
MAexp20:	10.6670
MAexp50:	10.6182
MAexp100:	10.5889
Price / MA7:	+0.80%
Price / MA20:	+2.45%
Price / MA50:	+2.10%
Price / MA100:	+2.98%
Price / MAexp7:	+0.76%
Price / MAexp20:	+1.83%
Price / MAexp50:	+2.30%
Price / MAexp100:	+2.58%

Quotes : - Real time data - Forex

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

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