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 07/21/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1.01251.01771.02261.02781.03271.03791.0428
Camarilla1.02481.02581.02671.02761.02851.02951.0304
Woodie1.01251.01761.02261.02771.03271.03781.0428
Fibonacci1.01771.02151.02391.02781.03161.03401.0379


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.99061.00261.01001.02201.02941.04141.0488
Camarilla1.01221.01391.01571.01751.01931.02111.0228
Woodie0.98841.00151.00781.02091.02721.04031.0466
Fibonacci1.00261.01001.01461.02201.02941.03401.0414


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): 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 - Forex

News


The latest news and videos published on NOK/SEK at the time of the analysis were as follows:

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

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