NOK/SEK - 15 min. - Technical analysis published on 11/10/2023 (GMT)
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- Timeframe : 15 min.
- - 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
94%
0%
6%
My opinion
Bullish above 0.9765 SEK
My targets
0.9817 SEK (+0.0009)
0.9887 SEK (+0.0079)
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 0.9765 SEK. The buyers' bullish objective is set at 0.9817 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9887 SEK. If there is any crossing, the next objective would be the resistance located at 0.9929 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/SEK price is 0.9808 SEK. On the day, this instrument gained +0.73% and was between 0.9734 SEK and 0.9810 SEK. This implies that the price is at +0.76% from its lowest and at -0.02% from its highest.0.9734
0.9810
0.9808
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NOK/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9523 | 0.9738 | 0.9769 | 0.9808 | 0.9887 | 0.9929 | 0.9971 |
| Change (%) | -2.91% | -0.71% | -0.40% | - | +0.81% | +1.23% | +1.66% |
| Change | -0.0285 | -0.0070 | -0.0039 | - | +0.0079 | +0.0121 | +0.0163 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.9661 | 0.9689 | 0.9713 | 0.9741 | 0.9765 | 0.9793 | 0.9817 |
| Camarilla | 0.9723 | 0.9728 | 0.9732 | 0.9737 | 0.9742 | 0.9747 | 0.9751 |
| Woodie | 0.9659 | 0.9688 | 0.9711 | 0.9740 | 0.9763 | 0.9792 | 0.9815 |
| Fibonacci | 0.9689 | 0.9709 | 0.9721 | 0.9741 | 0.9761 | 0.9773 | 0.9793 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9627 | 0.9738 | 0.9805 | 0.9916 | 0.9983 | 1.0094 | 1.0161 |
| Camarilla | 0.9822 | 0.9838 | 0.9855 | 0.9871 | 0.9887 | 0.9904 | 0.9920 |
| Woodie | 0.9604 | 0.9727 | 0.9782 | 0.9905 | 0.9960 | 1.0083 | 1.0138 |
| Fibonacci | 0.9738 | 0.9806 | 0.9848 | 0.9916 | 0.9984 | 1.0026 | 1.0094 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9467 | 0.9682 | 0.9839 | 1.0054 | 1.0211 | 1.0426 | 1.0583 |
| Camarilla | 0.9895 | 0.9929 | 0.9963 | 0.9997 | 1.0031 | 1.0065 | 1.0099 |
| Woodie | 0.9439 | 0.9668 | 0.9811 | 1.0040 | 1.0183 | 1.0412 | 1.0555 |
| Fibonacci | 0.9682 | 0.9824 | 0.9912 | 1.0054 | 1.0196 | 1.0284 | 1.0426 |
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): | 82.01 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 35.0163 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.9765 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9740 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 0.9760 | |
| Zig ZAG (10): | 0.9798 | |
| VORTEX (21): | 1.2976 | |
| Stochastique (14,3,5): | 94.36 | |
| TEMA (21): | 0.9777 | |
| Williams %R (14): | -4.11 | |
| Chande Momentum Oscillator (20): | 0.0062 | |
| Repulse (5,40,3): | 0.5359 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.62 |
| MA7: | 0.9823 | |
| MA20: | 0.9916 | |
| MA50: | 1.0116 | |
| MA100: | 1.0193 | |
| MAexp7: | 0.9774 | |
| MAexp20: | 0.9754 | |
| MAexp50: | 0.9746 | |
| MAexp100: | 0.9745 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -3.04% | |
| Price / MA100: | -3.78% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.65% |
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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