Londinia Opportunities Analyses - 04/22/2024 (GMT) USD/SEK - 1H

- SEK (-)

- Real time data - Forex

Type:	Forex
Ticker:	USDSEK
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 10.9278 SEK

My targets

10.8252 SEK (-0.0618)

10.7451 SEK (-0.1419)

My analysis

The bearish trend is currently very strong for USD/SEK. As long as the price remains below the resistance at 10.9278 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.8252 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.7451 SEK as an objective. Crossing it would then enable sellers to target 10.6936 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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Additional analysis

Quotes

The USD/SEK rating is 10.8870 SEK. On the day, this instrument lost -0.32% and was traded between 10.8776 SEK and 10.9368 SEK over the period. The price is currently at +0.09% from its lowest and -0.46% from its highest.

10.8776

10.9368

10.8870

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 (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of USD/SEK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.5213	10.6936	10.7451	10.8870	10.8937	11.0305	11.1738
Change (%)	-3.36%	-1.78%	-1.30%	-	+0.06%	+1.32%	+2.63%
Change	-0.3657	-0.1934	-0.1419	-	+0.0067	+0.1435	+0.2868
Level	Minor	Minor	Minor	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.7190	10.8029	10.8626	10.9465	11.0062	11.0901	11.1498
Camarilla	10.8827	10.8959	10.9090	10.9222	10.9354	10.9485	10.9617
Woodie	10.7068	10.7969	10.8504	10.9405	10.9940	11.0841	11.1376
Fibonacci	10.8029	10.8578	10.8917	10.9465	11.0014	11.0353	11.0901

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.6255	10.7281	10.8252	10.9278	11.0249	11.1275	11.2246
Camarilla	10.8673	10.8856	10.9039	10.9222	10.9405	10.9588	10.9771
Woodie	10.6227	10.7267	10.8224	10.9264	11.0221	11.1261	11.2218
Fibonacci	10.7281	10.8044	10.8516	10.9278	11.0041	11.0513	11.1275

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	38.96
MACD (12,26,9):	-0.0106
Directional Movement:	-13.3725
AROON (14):	-57.1428
DEMA (21):	10.8896
Parabolic SAR (0,02-0,02-0,2):	10.9111
Elder Ray (13):	-0.0115
Super Trend (3,10):	10.9380
Zig ZAG (10):	10.8856
VORTEX (21):	0.9822
Stochastique (14,3,5):	18.48
TEMA (21):	10.8870
Williams %R (14):	-82.85
Chande Momentum Oscillator (20):	-0.0060
Repulse (5,40,3):	0.0067
ROCnROLL:	2
TRIX (15,9):	-0.0127
Courbe Coppock:	0.34

MA7:	10.9211
MA20:	10.7525
MA50:	10.5226
MA100:	10.4283
MAexp7:	10.8914
MAexp20:	10.9030
MAexp50:	10.9184
MAexp100:	10.9134
Price / MA7:	-0.31%
Price / MA20:	+1.25%
Price / MA50:	+3.46%
Price / MA100:	+4.40%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.29%
Price / MAexp100:	-0.24%

Quotes : - Real time data - Forex