NOK/SEK - Daily - Technical analysis published on 01/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.0693 SEK
My targets
1.0423 SEK (-0.0103)
1.0326 SEK (-0.0200)
My analysis
The basic trend is bearish on NOK/SEK and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.0693 SEK. Buyers would then use the next resistance located at 1.0884 SEK as an objective. Crossing it would then enable buyers to target 1.0957 SEK. If there is a return to below the support located at 1.0423 SEK, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.0326 SEK and 1.0264 SEK by extension.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.4
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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 NOK/SEK rating is 1.0526 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 1.0494 SEK and the highest point at 1.0561 SEK. The deviation from the price is +0.30% for the low point and -0.33% for the high point.1.0494
1.0561
1.0526
Here is a more detailed summary of the historical variations registered by NOK/SEK:
Near a new LOW record (1 year)
Type : Bearish
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 Daily of this NOK/SEK chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0326 | 1.0423 | 1.0522 | 1.0526 | 1.0693 | 1.0884 | 1.0957 |
| Change (%) | -1.90% | -0.98% | -0.04% | - | +1.59% | +3.40% | +4.09% |
| Change | -0.0200 | -0.0103 | -0.0004 | - | +0.0167 | +0.0358 | +0.0431 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0395 | 1.0428 | 1.0478 | 1.0511 | 1.0561 | 1.0594 | 1.0644 |
| Camarilla | 1.0504 | 1.0512 | 1.0519 | 1.0527 | 1.0535 | 1.0542 | 1.0550 |
| Woodie | 1.0403 | 1.0432 | 1.0486 | 1.0515 | 1.0569 | 1.0598 | 1.0652 |
| Fibonacci | 1.0428 | 1.0460 | 1.0480 | 1.0511 | 1.0543 | 1.0563 | 1.0594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0100 | 1.0238 | 1.0379 | 1.0517 | 1.0658 | 1.0796 | 1.0937 |
| Camarilla | 1.0443 | 1.0469 | 1.0494 | 1.0520 | 1.0546 | 1.0571 | 1.0597 |
| Woodie | 1.0102 | 1.0239 | 1.0381 | 1.0518 | 1.0660 | 1.0797 | 1.0939 |
| Fibonacci | 1.0238 | 1.0345 | 1.0410 | 1.0517 | 1.0624 | 1.0689 | 1.0796 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0000 | 1.0147 | 1.0399 | 1.0546 | 1.0798 | 1.0945 | 1.1197 |
| Camarilla | 1.0542 | 1.0579 | 1.0615 | 1.0652 | 1.0689 | 1.0725 | 1.0762 |
| Woodie | 1.0054 | 1.0173 | 1.0453 | 1.0572 | 1.0852 | 1.0971 | 1.1251 |
| Fibonacci | 1.0147 | 1.0299 | 1.0393 | 1.0546 | 1.0698 | 1.0792 | 1.0945 |
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): | 50.41 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | 2.5708 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.0508 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0582 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 1.0331 | |
| Zig ZAG (10): | 1.0522 | |
| VORTEX (21): | 1.0323 | |
| Stochastique (14,3,5): | 42.53 | |
| TEMA (21): | 1.0500 | |
| Williams %R (14): | -51.47 | |
| Chande Momentum Oscillator (20): | -0.0059 | |
| Repulse (5,40,3): | 0.3871 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 2.01 |
| MA7: | 1.0486 | |
| MA20: | 1.0546 | |
| MA50: | 1.0508 | |
| MA100: | 1.0551 | |
| MAexp7: | 1.0503 | |
| MAexp20: | 1.0515 | |
| MAexp50: | 1.0522 | |
| MAexp100: | 1.0531 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.17% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.05% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on NOK/SEK at the time of the analysis were as follows:
“Wishful Thinking” NOK/SEKThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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