NOK/SEK - 1H - Technical analysis published on 07/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.0264 SEK
My targets
1.0193 SEK (-0.0029)
1.0172 SEK (-0.0050)
My analysis
NOK/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0264 SEK. The next support located at 1.0193 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0172 SEK. Below this support, sellers could then target 1.0145 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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 1.0222 SEK. On the day, this instrument gained +0.46% with the lowest point at 1.0203 SEK and the highest point at 1.0232 SEK. The deviation from the price is +0.19% for the low point and -0.10% for the high point.1.0203
1.0232
1.0222
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/SEK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0145 | 1.0172 | 1.0193 | 1.0222 | 1.0224 | 1.0264 | 1.0283 |
| Change (%) | -0.75% | -0.49% | -0.28% | - | +0.02% | +0.41% | +0.60% |
| Change | -0.0077 | -0.0050 | -0.0029 | - | +0.0002 | +0.0042 | +0.0061 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 1.0032 | 1.0104 | 1.0139 | 1.0211 | 1.0246 | 1.0318 | 1.0353 |
| Camarilla | 1.0146 | 1.0155 | 1.0165 | 1.0175 | 1.0185 | 1.0195 | 1.0204 |
| Woodie | 1.0015 | 1.0095 | 1.0122 | 1.0202 | 1.0229 | 1.0309 | 1.0336 |
| Fibonacci | 1.0104 | 1.0145 | 1.0170 | 1.0211 | 1.0252 | 1.0277 | 1.0318 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9906 | 1.0026 | 1.0100 | 1.0220 | 1.0294 | 1.0414 | 1.0488 |
| Camarilla | 1.0122 | 1.0139 | 1.0157 | 1.0175 | 1.0193 | 1.0211 | 1.0228 |
| Woodie | 0.9884 | 1.0015 | 1.0078 | 1.0209 | 1.0272 | 1.0403 | 1.0466 |
| Fibonacci | 1.0026 | 1.0100 | 1.0146 | 1.0220 | 1.0294 | 1.0340 | 1.0414 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.03 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -19.5484 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.0214 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0270 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 1.0264 | |
| Zig ZAG (10): | 1.0175 | |
| VORTEX (21): | 0.8582 | |
| Stochastique (14,3,5): | 11.36 | |
| TEMA (21): | 1.0204 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0086 | |
| Repulse (5,40,3): | -0.5010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0088 | |
| Courbe Coppock: | 0.86 |
| MA7: | 1.0229 | |
| MA20: | 1.0112 | |
| MA50: | 0.9931 | |
| MA100: | 0.9905 | |
| MAexp7: | 1.0207 | |
| MAexp20: | 1.0230 | |
| MAexp50: | 1.0245 | |
| MAexp100: | 1.0245 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +3.20% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.22% |
Quotes :
-
Real time data
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Forex
News
The last news published on NOK/SEK at the time of the generation of this analysis 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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