NOK/SEK - Daily - Technical analysis published on 09/11/2023 (GMT)
- 234
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0264 SEK
My targets
1.0460 SEK (+0.0049)
1.0547 SEK (+0.0136)
My analysis
The bullish trend is currently very strong on NOK/SEK. As long as the price remains above the support at 1.0264 SEK, you could try to benefit from the boom. The first bullish objective is located at 1.0460 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0547 SEK as an objective. Crossing it would then enable buyers to target 1.0695 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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 1.0411 SEK. The price is lower by -0.04% since the last closing and was between 1.0364 SEK and 1.0423 SEK. This implies that the price is at +0.45% from its lowest and at -0.12% from its highest.1.0364
1.0423
1.0411
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NOK/SEK indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.9929 | 1.0083 | 1.0264 | 1.0411 | 1.0460 | 1.0547 | 1.0695 |
| Change (%) | -4.63% | -3.15% | -1.41% | - | +0.47% | +1.31% | +2.73% |
| Change | -0.0482 | -0.0328 | -0.0147 | - | +0.0049 | +0.0136 | +0.0284 |
| Level | Major | Major | Major | - | Major | Minor | 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 | 1.0324 | 1.0354 | 1.0384 | 1.0414 | 1.0444 | 1.0474 | 1.0504 |
| Camarilla | 1.0399 | 1.0404 | 1.0410 | 1.0415 | 1.0421 | 1.0426 | 1.0432 |
| Woodie | 1.0325 | 1.0354 | 1.0385 | 1.0414 | 1.0445 | 1.0474 | 1.0505 |
| Fibonacci | 1.0354 | 1.0377 | 1.0391 | 1.0414 | 1.0437 | 1.0451 | 1.0474 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0199 | 1.0254 | 1.0334 | 1.0389 | 1.0469 | 1.0524 | 1.0604 |
| Camarilla | 1.0378 | 1.0390 | 1.0403 | 1.0415 | 1.0427 | 1.0440 | 1.0452 |
| Woodie | 1.0213 | 1.0260 | 1.0348 | 1.0395 | 1.0483 | 1.0530 | 1.0618 |
| Fibonacci | 1.0254 | 1.0305 | 1.0337 | 1.0389 | 1.0440 | 1.0472 | 1.0524 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9904 | 1.0061 | 1.0182 | 1.0339 | 1.0460 | 1.0617 | 1.0738 |
| Camarilla | 1.0227 | 1.0252 | 1.0278 | 1.0303 | 1.0329 | 1.0354 | 1.0380 |
| Woodie | 0.9886 | 1.0052 | 1.0164 | 1.0330 | 1.0442 | 1.0608 | 1.0720 |
| Fibonacci | 1.0061 | 1.0167 | 1.0233 | 1.0339 | 1.0445 | 1.0511 | 1.0617 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.11 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 7.2269 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.0373 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0261 | |
| Elder Ray (13): | 0.0039 | |
| Super Trend (3,10): | 1.0179 | |
| Zig ZAG (10): | 1.0405 | |
| VORTEX (21): | 1.0284 | |
| Stochastique (14,3,5): | 89.18 | |
| TEMA (21): | 1.0366 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 0.0145 | |
| Repulse (5,40,3): | 0.8726 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0147 | |
| Courbe Coppock: | 1.22 |
| MA7: | 1.0377 | |
| MA20: | 1.0322 | |
| MA50: | 1.0312 | |
| MA100: | 1.0067 | |
| MAexp7: | 1.0377 | |
| MAexp20: | 1.0342 | |
| MAexp50: | 1.0274 | |
| MAexp100: | 1.0192 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +1.33% | |
| Price / MAexp100: | +2.15% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis NOK/SEK - Daily