NOK/SEK - 1H - Technical analysis published on 07/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0225 SEK
My targets
1.0302 SEK (+0.0038)
1.0418 SEK (+0.0154)
My analysis
The bullish trend is currently very strong on NOK/SEK. As long as the price remains above the support at 1.0225 SEK, you could try to benefit from the boom. The first bullish objective is located at 1.0302 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0418 SEK as an objective. Crossing it would then enable buyers to target 1.0547 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.6
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Additional analysis
Quotes
NOK/SEK rating 1.0264 SEK. The price has increased by +0.73% since the last closing with the lowest point at 1.0145 SEK and the highest point at 1.0278 SEK. The deviation from the price is +1.17% for the low point and -0.14% for the high point.1.0145
1.0278
1.0264
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOK/SEK:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0126 | 1.0191 | 1.0225 | 1.0264 | 1.0264 | 1.0418 | 1.0547 |
| Change (%) | -1.34% | -0.71% | -0.38% | 0% | - | +1.50% | +2.76% |
| Change | -0.0138 | -0.0073 | -0.0039 | 0 | - | +0.0154 | +0.0283 |
| Level | Major | Intermediate | Minor | Major | - | Minor | Minor |
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 | 1.0053 | 1.0095 | 1.0142 | 1.0184 | 1.0231 | 1.0273 | 1.0320 |
| Camarilla | 1.0166 | 1.0174 | 1.0182 | 1.0190 | 1.0198 | 1.0206 | 1.0215 |
| Woodie | 1.0057 | 1.0096 | 1.0146 | 1.0185 | 1.0235 | 1.0274 | 1.0324 |
| Fibonacci | 1.0095 | 1.0129 | 1.0150 | 1.0184 | 1.0218 | 1.0239 | 1.0273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9794 | 0.9905 | 1.0048 | 1.0159 | 1.0302 | 1.0413 | 1.0556 |
| Camarilla | 1.0120 | 1.0143 | 1.0167 | 1.0190 | 1.0213 | 1.0237 | 1.0260 |
| Woodie | 0.9809 | 0.9913 | 1.0063 | 1.0167 | 1.0317 | 1.0421 | 1.0571 |
| Fibonacci | 0.9905 | 1.0002 | 1.0062 | 1.0159 | 1.0256 | 1.0316 | 1.0413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9356 | 0.9540 | 0.9795 | 0.9979 | 1.0234 | 1.0418 | 1.0673 |
| Camarilla | 0.9928 | 0.9969 | 1.0009 | 1.0049 | 1.0089 | 1.0130 | 1.0170 |
| Woodie | 0.9391 | 0.9558 | 0.9830 | 0.9997 | 1.0269 | 1.0436 | 1.0708 |
| Fibonacci | 0.9540 | 0.9708 | 0.9812 | 0.9979 | 1.0147 | 1.0251 | 1.0418 |
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): | 65.44 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 15.1071 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.0240 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0187 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 1.0169 | |
| Zig ZAG (10): | 1.0263 | |
| VORTEX (21): | 1.0683 | |
| Stochastique (14,3,5): | 88.85 | |
| TEMA (21): | 1.0257 | |
| Williams %R (14): | -12.40 | |
| Chande Momentum Oscillator (20): | 0.0072 | |
| Repulse (5,40,3): | 0.2928 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0155 | |
| Courbe Coppock: | 0.98 |
| MA7: | 1.0174 | |
| MA20: | 1.0077 | |
| MA50: | 0.9876 | |
| MA100: | 0.9899 | |
| MAexp7: | 1.0247 | |
| MAexp20: | 1.0218 | |
| MAexp50: | 1.0200 | |
| MAexp100: | 1.0180 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +1.86% | |
| Price / MA50: | +3.93% | |
| Price / MA100: | +3.69% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +0.83% |
Quotes :
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Real time data
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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/SEKThis 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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