USD/SEK - 1H - Technical analysis published on 05/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 10.7083 SEK
My targets
10.7680 SEK (+0.0323)
10.8081 SEK (+0.0724)
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 10.7083 SEK. The buyers' bullish objective is set at 10.7680 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.8081 SEK. If there is any crossing, the next objective would be the resistance located at 10.8682 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 price is 10.7357 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 10.6758 SEK and the highest point at 10.7554 SEK. The deviation from the price is +0.56% for the low point and -0.18% for the high point.10.6758
10.7554
10.7357
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
Here is a more detailed summary of the historical variations registered by USD/SEK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6748 | 10.7083 | 10.7298 | 10.7357 | 10.7680 | 10.8081 | 10.8682 |
| Change (%) | -0.57% | -0.26% | -0.05% | - | +0.30% | +0.67% | +1.23% |
| Change | -0.0609 | -0.0274 | -0.0059 | - | +0.0323 | +0.0724 | +0.1325 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6023 | 10.6385 | 10.6874 | 10.7236 | 10.7725 | 10.8087 | 10.8576 |
| Camarilla | 10.7129 | 10.7207 | 10.7285 | 10.7363 | 10.7441 | 10.7519 | 10.7597 |
| Woodie | 10.6087 | 10.6417 | 10.6938 | 10.7268 | 10.7789 | 10.8119 | 10.8640 |
| Fibonacci | 10.6385 | 10.6710 | 10.6911 | 10.7236 | 10.7561 | 10.7762 | 10.8087 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3348 | 10.4867 | 10.6030 | 10.7549 | 10.8712 | 11.0231 | 11.1394 |
| Camarilla | 10.6455 | 10.6700 | 10.6946 | 10.7192 | 10.7438 | 10.7684 | 10.7930 |
| Woodie | 10.3169 | 10.4778 | 10.5851 | 10.7460 | 10.8533 | 11.0142 | 11.1215 |
| Fibonacci | 10.4867 | 10.5892 | 10.6525 | 10.7549 | 10.8574 | 10.9207 | 11.0231 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1330 | 10.3150 | 10.6666 | 10.8486 | 11.2002 | 11.3822 | 11.7338 |
| Camarilla | 10.8716 | 10.9205 | 10.9694 | 11.0183 | 11.0672 | 11.1161 | 11.1650 |
| Woodie | 10.2179 | 10.3574 | 10.7515 | 10.8910 | 11.2851 | 11.4246 | 11.8187 |
| Fibonacci | 10.3150 | 10.5188 | 10.6447 | 10.8486 | 11.0524 | 11.1783 | 11.3822 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.92 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 1.9089 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 10.7354 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7220 | |
| Elder Ray (13): | 0.0051 | |
| Super Trend (3,10): | 10.6876 | |
| Zig ZAG (10): | 10.7384 | |
| VORTEX (21): | 1.0287 | |
| Stochastique (14,3,5): | 76.68 | |
| TEMA (21): | 10.7375 | |
| Williams %R (14): | -23.74 | |
| Chande Momentum Oscillator (20): | 0.0545 | |
| Repulse (5,40,3): | 0.0578 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.58 |
| MA7: | 10.7046 | |
| MA20: | 10.8177 | |
| MA50: | 10.7435 | |
| MA100: | 10.5603 | |
| MAexp7: | 10.7356 | |
| MAexp20: | 10.7281 | |
| MAexp50: | 10.7197 | |
| MAexp100: | 10.7181 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.16% |
Quotes :
-
Real time data
-
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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