NOK/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NOKSEK
ISIN:

NOK/SEK - 1H - Technical analysis published on 11/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 0.9732 SEK

My targets

0.9808 SEK (+0.0042)

0.9887 SEK (+0.0121)

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 0.9732 SEK. The buyers' bullish objective is set at 0.9808 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 0.9983 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.8

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

Additional analysis

Quotes

The NOK/SEK rating is 0.9766 SEK. The price is lower by -0.01% since the last closing with the lowest point at 0.9761 SEK and the highest point at 0.9778 SEK. The deviation from the price is +0.05% for the low point and -0.12% for the high point.

0.9761

0.9778

0.9766

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NOK/SEK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9663	0.9732	0.9759	0.9766	0.9808	0.9887	0.9983
Change (%)	-1.05%	-0.35%	-0.07%	-	+0.43%	+1.24%	+2.22%
Change	-0.0103	-0.0034	-0.0007	-	+0.0042	+0.0121	+0.0217
Level	Major	Major	Intermediate	-	Minor	Minor	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	0.9682	0.9706	0.9736	0.9760	0.9790	0.9814	0.9844
Camarilla	0.9752	0.9757	0.9762	0.9767	0.9772	0.9777	0.9782
Woodie	0.9686	0.9708	0.9740	0.9762	0.9794	0.9816	0.9848
Fibonacci	0.9706	0.9726	0.9739	0.9760	0.9780	0.9793	0.9814

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9495	0.9553	0.9642	0.9700	0.9789	0.9847	0.9936
Camarilla	0.9690	0.9703	0.9717	0.9730	0.9744	0.9757	0.9770
Woodie	0.9510	0.9561	0.9657	0.9708	0.9804	0.9855	0.9951
Fibonacci	0.9553	0.9610	0.9644	0.9700	0.9757	0.9791	0.9847

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9411	0.9495	0.9591	0.9675	0.9771	0.9855	0.9951
Camarilla	0.9637	0.9653	0.9670	0.9686	0.9703	0.9719	0.9736
Woodie	0.9416	0.9498	0.9596	0.9678	0.9776	0.9858	0.9956
Fibonacci	0.9495	0.9564	0.9607	0.9675	0.9744	0.9787	0.9855

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):	56.29
MACD (12,26,9):	0.0007
Directional Movement:	-7.7073
AROON (14):	-14.2857
DEMA (21):	0.9773
Parabolic SAR (0,02-0,02-0,2):	0.9781
Elder Ray (13):	0.0005
Super Trend (3,10):	0.9742
Zig ZAG (10):	0.9767
VORTEX (21):	1.0502
Stochastique (14,3,5):	60.37
TEMA (21):	0.9773
Williams %R (14):	-44.74
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	-0.0461
ROCnROLL:	-1
TRIX (15,9):	0.0122
Courbe Coppock:	0.37

MA7:	0.9734
MA20:	0.9683
MA50:	0.9663
MA100:	0.9736
MAexp7:	0.9768
MAexp20:	0.9762
MAexp50:	0.9748
MAexp100:	0.9733
Price / MA7:	+0.33%
Price / MA20:	+0.86%
Price / MA50:	+1.07%
Price / MA100:	+0.31%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.35%

Quotes : - Real time data - Forex

News

The last news published on NOK/SEK at the time of the generation of this analysis 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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