NOK/SEK - 1H - Technical analysis published on 07/21/2023 (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:
Neutral
Underlying:
Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1.0264 SEK
My targets
1.0310 SEK (+0.0035)
1.0339 SEK (+0.0064)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.0264 SEK remains possible. It is advisable to trade NOK/SEK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.0264 SEK. The next bullish objective for buyers is set at 1.0310 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0339 SEK. If there is any crossing, the next objective would be the resistance located at 1.0418 SEK. PS: if there is a bearish break in the support located at 1.0264 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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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 1.0275 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 1.0270 SEK and the highest point at 1.0303 SEK. The deviation from the price is +0.05% for the low point and -0.27% for the high point.1.0270
1.0303
1.0275
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 bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0193 | 1.0223 | 1.0264 | 1.0275 | 1.0282 | 1.0310 | 1.0339 |
| Change (%) | -0.80% | -0.51% | -0.11% | - | +0.07% | +0.34% | +0.62% |
| Change | -0.0082 | -0.0052 | -0.0011 | - | +0.0007 | +0.0035 | +0.0064 |
| Level | Intermediate | 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 | 1.0125 | 1.0177 | 1.0226 | 1.0278 | 1.0327 | 1.0379 | 1.0428 |
| Camarilla | 1.0248 | 1.0258 | 1.0267 | 1.0276 | 1.0285 | 1.0295 | 1.0304 |
| Woodie | 1.0125 | 1.0176 | 1.0226 | 1.0277 | 1.0327 | 1.0378 | 1.0428 |
| Fibonacci | 1.0177 | 1.0215 | 1.0239 | 1.0278 | 1.0316 | 1.0340 | 1.0379 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.21 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 17.7251 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0293 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0271 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.0225 | |
| Zig ZAG (10): | 1.0284 | |
| VORTEX (21): | 1.0677 | |
| Stochastique (14,3,5): | 49.35 | |
| TEMA (21): | 1.0288 | |
| Williams %R (14): | -62.34 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | -0.0726 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0179 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.0222 | |
| MA20: | 1.0166 | |
| MA50: | 0.9984 | |
| MA100: | 0.9913 | |
| MAexp7: | 1.0285 | |
| MAexp20: | 1.0277 | |
| MAexp50: | 1.0252 | |
| MAexp100: | 1.0233 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +3.65% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
Real time data
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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
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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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