NOK/SEK - 1H - Technical analysis published on 08/04/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.0418 SEK
My targets
1.0483 SEK (+0.0016)
1.0547 SEK (+0.0080)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/SEK as long as the price remains well above 1.0418 SEK. The buyers' bullish objective is set at 1.0483 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0547 SEK. If there is any crossing, the next objective would be the resistance located at 1.0695 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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 1.0467 SEK. The price registered an increase of +0.35% on the session and was traded between 1.0422 SEK and 1.0486 SEK over the period. The price is currently at +0.43% from its lowest and -0.18% from its highest.1.0422
1.0486
1.0467
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 NOK/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% 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, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0368 | 1.0418 | 1.0461 | 1.0467 | 1.0483 | 1.0547 | 1.0695 |
| Change (%) | -0.95% | -0.47% | -0.06% | - | +0.15% | +0.76% | +2.18% |
| Change | -0.0099 | -0.0049 | -0.0006 | - | +0.0016 | +0.0080 | +0.0228 |
| Level | Minor | Major | Minor | - | Major | Minor | Intermediate |
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 | 1.0275 | 1.0324 | 1.0378 | 1.0427 | 1.0481 | 1.0530 | 1.0584 |
| Camarilla | 1.0403 | 1.0412 | 1.0422 | 1.0431 | 1.0440 | 1.0450 | 1.0459 |
| Woodie | 1.0277 | 1.0325 | 1.0380 | 1.0428 | 1.0483 | 1.0531 | 1.0586 |
| Fibonacci | 1.0324 | 1.0364 | 1.0388 | 1.0427 | 1.0467 | 1.0491 | 1.0530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0114 | 1.0174 | 1.0257 | 1.0317 | 1.0400 | 1.0460 | 1.0543 |
| Camarilla | 1.0300 | 1.0313 | 1.0326 | 1.0339 | 1.0352 | 1.0365 | 1.0378 |
| Woodie | 1.0125 | 1.0180 | 1.0268 | 1.0323 | 1.0411 | 1.0466 | 1.0554 |
| Fibonacci | 1.0174 | 1.0229 | 1.0263 | 1.0317 | 1.0372 | 1.0406 | 1.0460 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9760 | 0.9889 | 1.0138 | 1.0267 | 1.0516 | 1.0645 | 1.0894 |
| Camarilla | 1.0284 | 1.0319 | 1.0353 | 1.0388 | 1.0423 | 1.0457 | 1.0492 |
| Woodie | 0.9821 | 0.9919 | 1.0199 | 1.0297 | 1.0577 | 1.0675 | 1.0955 |
| Fibonacci | 0.9889 | 1.0033 | 1.0122 | 1.0267 | 1.0411 | 1.0500 | 1.0645 |
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): | 62.10 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 0.7316 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.0464 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0393 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.0405 | |
| Zig ZAG (10): | 1.0476 | |
| VORTEX (21): | 1.0875 | |
| Stochastique (14,3,5): | 82.81 | |
| TEMA (21): | 1.0469 | |
| Williams %R (14): | -14.71 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | 0.1832 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.0393 | |
| MA20: | 1.0304 | |
| MA50: | 1.0114 | |
| MA100: | 0.9953 | |
| MAexp7: | 1.0465 | |
| MAexp20: | 1.0451 | |
| MAexp50: | 1.0435 | |
| MAexp100: | 1.0413 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +3.49% | |
| Price / MA100: | +5.16% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.52% |
Quotes :
-
Real time data
-
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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