NOK/SEK - 1H - Technical analysis published on 10/03/2024 (GMT)
- 137
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.9667 SEK
My targets
0.9735 SEK (+0.0032)
0.9846 SEK (+0.0143)
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 0.9667 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9735 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 0.9846 SEK as an objective. Crossing it would then enable buyers to target 0.9888 SEK. If the support 0.9667 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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
The NOK/SEK price is 0.9703 SEK. On the day, this instrument lost -0.04% and was between 0.9677 SEK and 0.9739 SEK. This implies that the price is at +0.27% from its lowest and at -0.37% from its highest.0.9677
0.9739
0.9703
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/SEK chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. 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
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.9627 | 0.9667 | 0.9695 | 0.9703 | 0.9735 | 0.9846 | 0.9888 |
| Change (%) | -0.78% | -0.37% | -0.08% | - | +0.33% | +1.47% | +1.91% |
| Change | -0.0076 | -0.0036 | -0.0008 | - | +0.0032 | +0.0143 | +0.0185 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 0.9613 | 0.9644 | 0.9675 | 0.9706 | 0.9737 | 0.9768 | 0.9799 |
| Camarilla | 0.9690 | 0.9696 | 0.9701 | 0.9707 | 0.9713 | 0.9718 | 0.9724 |
| Woodie | 0.9614 | 0.9644 | 0.9676 | 0.9706 | 0.9738 | 0.9768 | 0.9800 |
| Fibonacci | 0.9644 | 0.9667 | 0.9682 | 0.9706 | 0.9729 | 0.9744 | 0.9768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9230 | 0.9402 | 0.9503 | 0.9675 | 0.9776 | 0.9948 | 1.0049 |
| Camarilla | 0.9530 | 0.9555 | 0.9580 | 0.9605 | 0.9630 | 0.9655 | 0.9680 |
| Woodie | 0.9196 | 0.9384 | 0.9469 | 0.9657 | 0.9742 | 0.9930 | 1.0015 |
| Fibonacci | 0.9402 | 0.9506 | 0.9570 | 0.9675 | 0.9779 | 0.9843 | 0.9948 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9175 | 0.9355 | 0.9495 | 0.9675 | 0.9815 | 0.9995 | 1.0135 |
| Camarilla | 0.9546 | 0.9575 | 0.9605 | 0.9634 | 0.9663 | 0.9693 | 0.9722 |
| Woodie | 0.9154 | 0.9345 | 0.9474 | 0.9665 | 0.9794 | 0.9985 | 1.0114 |
| Fibonacci | 0.9355 | 0.9478 | 0.9553 | 0.9675 | 0.9798 | 0.9873 | 0.9995 |
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): | 49.90 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 8.2918 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 0.9706 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9720 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.9734 | |
| Zig ZAG (10): | 0.9704 | |
| VORTEX (21): | 0.9878 | |
| Stochastique (14,3,5): | 45.16 | |
| TEMA (21): | 0.9700 | |
| Williams %R (14): | -54.84 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0253 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.26 |
| MA7: | 0.9653 | |
| MA20: | 0.9636 | |
| MA50: | 0.9688 | |
| MA100: | 0.9798 | |
| MAexp7: | 0.9703 | |
| MAexp20: | 0.9705 | |
| MAexp50: | 0.9695 | |
| MAexp100: | 0.9678 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.26% |
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/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 - 1H