NOK/SEK - 1H - Technical analysis published on 02/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.9919 SEK
My targets
0.9986 SEK (+0.0047)
1.0020 SEK (+0.0081)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOK/SEK. As long as you are above the support located at 0.9919 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9986 SEK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.0020 SEK as an objective. Crossing it would then enable buyers to target 1.0155 SEK. If the support 0.9919 SEK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
4.8
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 0.9939 SEK. The price is lower by -0.01% since the last closing and was traded between 0.9924 SEK and 0.9951 SEK over the period. The price is currently at +0.15% from its lowest and -0.12% from its highest.0.9924
0.9951
0.9939
Here is a more detailed summary of the historical variations registered by NOK/SEK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
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 short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.9881 | 0.9896 | 0.9919 | 0.9939 | 0.9947 | 0.9986 | 1.0020 |
| Change (%) | -0.58% | -0.43% | -0.20% | - | +0.08% | +0.47% | +0.81% |
| Change | -0.0058 | -0.0043 | -0.0020 | - | +0.0008 | +0.0047 | +0.0081 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 0.9815 | 0.9859 | 0.9899 | 0.9943 | 0.9983 | 1.0027 | 1.0067 |
| Camarilla | 0.9917 | 0.9925 | 0.9932 | 0.9940 | 0.9948 | 0.9955 | 0.9963 |
| Woodie | 0.9814 | 0.9858 | 0.9898 | 0.9942 | 0.9982 | 1.0026 | 1.0066 |
| Fibonacci | 0.9859 | 0.9891 | 0.9911 | 0.9943 | 0.9975 | 0.9995 | 1.0027 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9746 | 0.9793 | 0.9851 | 0.9898 | 0.9956 | 1.0003 | 1.0061 |
| Camarilla | 0.9880 | 0.9890 | 0.9899 | 0.9909 | 0.9919 | 0.9928 | 0.9938 |
| Woodie | 0.9752 | 0.9796 | 0.9857 | 0.9901 | 0.9962 | 1.0006 | 1.0067 |
| Fibonacci | 0.9793 | 0.9833 | 0.9858 | 0.9898 | 0.9938 | 0.9963 | 1.0003 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9561 | 0.9698 | 0.9794 | 0.9931 | 1.0027 | 1.0164 | 1.0260 |
| Camarilla | 0.9827 | 0.9848 | 0.9870 | 0.9891 | 0.9912 | 0.9934 | 0.9955 |
| Woodie | 0.9542 | 0.9688 | 0.9775 | 0.9921 | 1.0008 | 1.0154 | 1.0241 |
| Fibonacci | 0.9698 | 0.9787 | 0.9842 | 0.9931 | 1.0020 | 1.0075 | 1.0164 |
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): | 51.10 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 8.1490 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.9939 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9924 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.9919 | |
| Zig ZAG (10): | 0.9937 | |
| VORTEX (21): | 0.9213 | |
| Stochastique (14,3,5): | 51.90 | |
| TEMA (21): | 0.9937 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0013 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.9910 | |
| MA20: | 0.9942 | |
| MA50: | 0.9869 | |
| MA100: | 0.9886 | |
| MAexp7: | 0.9937 | |
| MAexp20: | 0.9937 | |
| MAexp50: | 0.9932 | |
| MAexp100: | 0.9923 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.16% |
Quotes :
-
Real time data
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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/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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