Londinia Opportunities Analyses - 04/16/2024 (GMT) USD/SEK - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 10.8937 SEK
My targets
11.0424 SEK (+0.0912)
11.1738 SEK (+0.2226)
My analysis
USD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.8937 SEK. The next resistance located at 11.0424 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.1738 SEK. After this resistance, buyers could then target 11.3700 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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Additional analysis
Quotes
The USD/SEK price is 10.9512 SEK. The price has increased by +0.62% since the last closing with the lowest point at 10.8827 SEK and the highest point at 10.9634 SEK. The deviation from the price is +0.63% for the low point and -0.11% for the high point.10.8827
10.9634
10.9512
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.7095 | 10.8308 | 10.8937 | 10.9512 | 11.1738 | 11.3700 |
| Change (%) | -2.21% | -1.10% | -0.53% | - | +2.03% | +3.82% |
| Change | -0.2417 | -0.1204 | -0.0575 | - | +0.2226 | +0.4188 |
| Level | Intermediate | Minor | Major | - | 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 | 10.7645 | 10.7977 | 10.8406 | 10.8738 | 10.9167 | 10.9499 | 10.9928 |
| Camarilla | 10.8627 | 10.8697 | 10.8766 | 10.8836 | 10.8906 | 10.8976 | 10.9045 |
| Woodie | 10.7695 | 10.8001 | 10.8456 | 10.8762 | 10.9217 | 10.9523 | 10.9978 |
| Fibonacci | 10.7977 | 10.8267 | 10.8447 | 10.8738 | 10.9028 | 10.9208 | 10.9499 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1846 | 10.3407 | 10.6135 | 10.7696 | 11.0424 | 11.1985 | 11.4713 |
| Camarilla | 10.7683 | 10.8076 | 10.8469 | 10.8862 | 10.9255 | 10.9648 | 11.0042 |
| Woodie | 10.2429 | 10.3699 | 10.6718 | 10.7988 | 11.1007 | 11.2277 | 11.5296 |
| Fibonacci | 10.3407 | 10.5046 | 10.6058 | 10.7696 | 10.9335 | 11.0347 | 11.1985 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6788 | 9.9110 | 10.2756 | 10.5078 | 10.8724 | 11.1046 | 11.4692 |
| Camarilla | 10.4762 | 10.5309 | 10.5856 | 10.6403 | 10.6950 | 10.7497 | 10.8044 |
| Woodie | 9.7451 | 9.9441 | 10.3419 | 10.5409 | 10.9387 | 11.1377 | 11.5355 |
| Fibonacci | 9.9110 | 10.1389 | 10.2798 | 10.5078 | 10.7357 | 10.8766 | 11.1046 |
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): | 61.04 | |
| MACD (12,26,9): | 0.0179 | |
| Directional Movement: | 7.5456 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 10.9479 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.9551 | |
| Elder Ray (13): | 0.0139 | |
| Super Trend (3,10): | 10.8854 | |
| Zig ZAG (10): | 10.9487 | |
| VORTEX (21): | 1.1287 | |
| Stochastique (14,3,5): | 66.82 | |
| TEMA (21): | 10.9498 | |
| Williams %R (14): | -21.82 | |
| Chande Momentum Oscillator (20): | 0.0420 | |
| Repulse (5,40,3): | 0.1545 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0234 | |
| Courbe Coppock: | 0.73 |
| MA7: | 10.7542 | |
| MA20: | 10.6650 | |
| MA50: | 10.4842 | |
| MA100: | 10.4069 | |
| MAexp7: | 10.9410 | |
| MAexp20: | 10.9243 | |
| MAexp50: | 10.8863 | |
| MAexp100: | 10.8282 | |
| Price / MA7: | +1.83% | |
| Price / MA20: | +2.68% | |
| Price / MA50: | +4.45% | |
| Price / MA100: | +5.23% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.14% |
Quotes :
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Real time data
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Forex