NOK/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NOKSEK
ISIN:

NOK/SEK - Daily - Technical analysis published on 06/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.9929 SEK

My targets

1.0264 SEK (+0.0202)

1.0696 SEK (+0.0634)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NOK/SEK as long as the price remains well above 0.9929 SEK. The buyers' bullish objective is set at 1.0264 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0696 SEK. If there is any crossing, the next objective would be the resistance located at 1.0843 SEK.

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

5.4

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

NOK/SEK rating 1.0062 SEK. On the day, this instrument gained +1.52% and was between 0.9893 SEK and 1.0077 SEK. This implies that the price is at +1.71% from its lowest and at -0.15% from its highest.

0.9893

1.0077

1.0062

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NOK/SEK indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9677	0.9788	0.9929	1.0062	1.0083	1.0264	1.0696
Change (%)	-3.83%	-2.72%	-1.32%	-	+0.21%	+2.01%	+6.30%
Change	-0.0385	-0.0274	-0.0133	-	+0.0021	+0.0202	+0.0634
Level	Intermediate	Intermediate	Major	-	Intermediate	Major	Intermediate

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	0.9786	0.9820	0.9865	0.9899	0.9944	0.9978	1.0023
Camarilla	0.9889	0.9897	0.9904	0.9911	0.9918	0.9926	0.9933
Woodie	0.9793	0.9823	0.9872	0.9902	0.9951	0.9981	1.0030
Fibonacci	0.9820	0.9850	0.9869	0.9899	0.9929	0.9948	0.9978

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9417	0.9526	0.9659	0.9768	0.9901	1.0010	1.0143
Camarilla	0.9725	0.9747	0.9769	0.9791	0.9813	0.9835	0.9858
Woodie	0.9428	0.9532	0.9670	0.9774	0.9912	1.0016	1.0154
Fibonacci	0.9526	0.9619	0.9676	0.9768	0.9861	0.9918	1.0010

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9232	0.9365	0.9581	0.9714	0.9930	1.0063	1.0279
Camarilla	0.9701	0.9733	0.9765	0.9797	0.9829	0.9861	0.9893
Woodie	0.9274	0.9386	0.9623	0.9735	0.9972	1.0084	1.0321
Fibonacci	0.9365	0.9498	0.9581	0.9714	0.9847	0.9930	1.0063

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):	74.09
MACD (12,26,9):	0.0049
Directional Movement:	21.5392
AROON (14):	57.1429
DEMA (21):	0.9854
Parabolic SAR (0,02-0,02-0,2):	0.9680
Elder Ray (13):	0.0146
Super Trend (3,10):	0.9682
Zig ZAG (10):	1.0054
VORTEX (21):	1.1161
Stochastique (14,3,5):	93.74
TEMA (21):	0.9925
Williams %R (14):	-3.89
Chande Momentum Oscillator (20):	0.0276
Repulse (5,40,3):	2.7202
ROCnROLL:	1
TRIX (15,9):	0.0277
Courbe Coppock:	3.36

MA7:	0.9866
MA20:	0.9777
MA50:	0.9778
MA100:	0.9946
MAexp7:	0.9891
MAexp20:	0.9806
MAexp50:	0.9816
MAexp100:	0.9941
Price / MA7:	+1.99%
Price / MA20:	+2.92%
Price / MA50:	+2.90%
Price / MA100:	+1.17%
Price / MAexp7:	+1.73%
Price / MAexp20:	+2.61%
Price / MAexp50:	+2.51%
Price / MAexp100:	+1.22%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NOK/SEK. At the time of publication of this analysis, the latest news was as follows:

“Wishful Thinking” NOK/SEK

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

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