NOK/SEK - 1H - Technical analysis published on 10/11/2024 (GMT)
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- Timeframe : 1H
- - 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:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.9646 SEK
My targets
0.9692 SEK (+0.0012)
0.9735 SEK (+0.0055)
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 0.9646 SEK. The buyers' bullish objective is set at 0.9692 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9735 SEK. If there is any crossing, the next objective would be the resistance located at 0.9760 SEK.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/SEK rating 0.9680 SEK. On the day, this instrument lost -0.01% and was traded between 0.9664 SEK and 0.9696 SEK over the period. The price is currently at +0.17% from its lowest and -0.17% from its highest.0.9664
0.9696
0.9680
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. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9626 | 0.9646 | 0.9671 | 0.9680 | 0.9692 | 0.9735 | 0.9760 |
| Change (%) | -0.56% | -0.35% | -0.09% | - | +0.12% | +0.57% | +0.83% |
| Change | -0.0054 | -0.0034 | -0.0009 | - | +0.0012 | +0.0055 | +0.0080 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | 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 | 0.9575 | 0.9600 | 0.9641 | 0.9666 | 0.9707 | 0.9732 | 0.9773 |
| Camarilla | 0.9663 | 0.9669 | 0.9675 | 0.9681 | 0.9687 | 0.9693 | 0.9699 |
| Woodie | 0.9582 | 0.9604 | 0.9648 | 0.9670 | 0.9714 | 0.9736 | 0.9780 |
| Fibonacci | 0.9600 | 0.9626 | 0.9641 | 0.9666 | 0.9692 | 0.9707 | 0.9732 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9470 | 0.9530 | 0.9626 | 0.9686 | 0.9782 | 0.9842 | 0.9938 |
| Camarilla | 0.9680 | 0.9694 | 0.9709 | 0.9723 | 0.9737 | 0.9752 | 0.9766 |
| Woodie | 0.9489 | 0.9539 | 0.9645 | 0.9695 | 0.9801 | 0.9851 | 0.9957 |
| Fibonacci | 0.9530 | 0.9589 | 0.9626 | 0.9686 | 0.9745 | 0.9782 | 0.9842 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.91 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -2.2381 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.9683 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9654 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.9642 | |
| Zig ZAG (10): | 0.9683 | |
| VORTEX (21): | 1.1067 | |
| Stochastique (14,3,5): | 70.59 | |
| TEMA (21): | 0.9685 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.0469 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0106 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.9689 | |
| MA20: | 0.9668 | |
| MA50: | 0.9675 | |
| MA100: | 0.9777 | |
| MAexp7: | 0.9680 | |
| MAexp20: | 0.9675 | |
| MAexp50: | 0.9669 | |
| MAexp100: | 0.9672 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +0.05% | |
| Price / MA100: | -0.99% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
Real time data
-
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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