NOK/SEK
NOK SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKSEK
ISIN:

NOK/SEK - 1H - Technical analysis published on 07/10/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/SEK:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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


S3S2S1R1PriceR2R3
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
Standard1.00531.00951.01421.01841.02311.02731.0320
Camarilla1.01661.01741.01821.01901.01981.02061.0215
Woodie1.00571.00961.01461.01851.02351.02741.0324
Fibonacci1.00951.01291.01501.01841.02181.02391.0273


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.97940.99051.00481.01591.03021.04131.0556
Camarilla1.01201.01431.01671.01901.02131.02371.0260
Woodie0.98090.99131.00631.01671.03171.04211.0571
Fibonacci0.99051.00021.00621.01591.02561.03161.0413


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.93560.95400.97950.99791.02341.04181.0673
Camarilla0.99280.99691.00091.00491.00891.01301.0170
Woodie0.93910.95580.98300.99971.02691.04361.0708
Fibonacci0.95400.97080.98120.99791.01471.02511.0418

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 : - 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:

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

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