NOK/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKSEK
ISIN:

NOK/SEK - Daily - Technical analysis published on 11/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 0.9929 SEK

My targets

0.9738 SEK (-0.0045)

0.9523 SEK (-0.0260)

My analysis

The bearish trend is currently very strong for NOK/SEK. As long as the price remains below the resistance at 0.9929 SEK, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9738 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9523 SEK as an objective. Crossing it would then enable sellers to target 0.9320 SEK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Comment on the analysis

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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NOK/SEK rating 0.9783 SEK. The price registered a decrease of -0.03% on the session and was between 0.9764 SEK and 0.9802 SEK. This implies that the price is at +0.19% from its lowest and at -0.19% from its highest.

0.9764

0.9802

0.9783

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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

A technical analysis in Daily of this NOK/SEK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9320	0.9523	0.9738	0.9783	0.9929	1.0083	1.0264
Change (%)	-4.73%	-2.66%	-0.46%	-	+1.49%	+3.07%	+4.92%
Change	-0.0463	-0.0260	-0.0045	-	+0.0146	+0.0300	+0.0481
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	Major

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	0.9701	0.9730	0.9758	0.9787	0.9815	0.9844	0.9872
Camarilla	0.9770	0.9776	0.9781	0.9786	0.9791	0.9797	0.9802
Woodie	0.9701	0.9730	0.9758	0.9787	0.9815	0.9844	0.9872
Fibonacci	0.9730	0.9752	0.9765	0.9787	0.9809	0.9822	0.9844

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9542	0.9629	0.9713	0.9800	0.9884	0.9971	1.0055
Camarilla	0.9749	0.9765	0.9780	0.9796	0.9812	0.9827	0.9843
Woodie	0.9540	0.9628	0.9711	0.9799	0.9882	0.9970	1.0053
Fibonacci	0.9629	0.9695	0.9735	0.9800	0.9866	0.9906	0.9971

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.69
MACD (12,26,9):	-0.0087
Directional Movement:	-10.1677
AROON (14):	-35.7143
DEMA (21):	0.9778
Parabolic SAR (0,02-0,02-0,2):	0.9888
Elder Ray (13):	-0.0064
Super Trend (3,10):	0.9973
Zig ZAG (10):	0.9786
VORTEX (21):	0.8495
Stochastique (14,3,5):	23.15
TEMA (21):	0.9758
Williams %R (14):	-78.14
Chande Momentum Oscillator (20):	-0.0180
Repulse (5,40,3):	-0.1569
ROCnROLL:	2
TRIX (15,9):	-0.1171
Courbe Coppock:	3.24

MA7:	0.9785
MA20:	0.9897
MA50:	1.0094
MA100:	1.0190
MAexp7:	0.9804
MAexp20:	0.9892
MAexp50:	1.0024
MAexp100:	1.0091
Price / MA7:	-0.02%
Price / MA20:	-1.15%
Price / MA50:	-3.08%
Price / MA100:	-3.99%
Price / MAexp7:	-0.21%
Price / MAexp20:	-1.10%
Price / MAexp50:	-2.40%
Price / MAexp100:	-3.05%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on NOK/SEK. At the time of publication of this analysis, the latest news was as follows:

“Wishful Thinking” NOK/SEK

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

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