NOK/SEK

- SEK (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NOKSEK
ISIN:

NOK/SEK - 1H - Technical analysis published on 12/18/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Neutral between 0.9736 SEK and 0.9808 SEK

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.9808 SEK. The first support is located at 0.9736 SEK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by NOK/SEK.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 price is 0.9783 SEK. The price registered a decrease of -0.04% on the session and was traded between 0.9747 SEK and 0.9796 SEK over the period. The price is currently at +0.37% from its lowest and -0.13% from its highest.

0.9747

0.9796

0.9783

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NOK/SEK chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9578	0.9624	0.9736	0.9783	0.9787	0.9808	0.9821
Change (%)	-2.10%	-1.63%	-0.48%	-	+0.04%	+0.26%	+0.39%
Change	-0.0205	-0.0159	-0.0047	-	+0.0004	+0.0025	+0.0038
Level	Minor	Minor	Major	-	Intermediate	Minor	Intermediate

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	0.9702	0.9723	0.9755	0.9776	0.9808	0.9829	0.9861
Camarilla	0.9772	0.9777	0.9782	0.9787	0.9792	0.9797	0.9802
Woodie	0.9708	0.9726	0.9761	0.9779	0.9814	0.9832	0.9867
Fibonacci	0.9723	0.9743	0.9756	0.9776	0.9796	0.9809	0.9829

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9693	0.9740	0.9794	0.9841	0.9895	0.9942	0.9996
Camarilla	0.9821	0.9831	0.9840	0.9849	0.9858	0.9868	0.9877
Woodie	0.9698	0.9742	0.9799	0.9843	0.9900	0.9944	1.0001
Fibonacci	0.9740	0.9778	0.9802	0.9841	0.9879	0.9903	0.9942

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9353	0.9513	0.9682	0.9842	1.0011	1.0171	1.0340
Camarilla	0.9761	0.9791	0.9821	0.9851	0.9881	0.9911	0.9942
Woodie	0.9358	0.9515	0.9687	0.9844	1.0016	1.0173	1.0345
Fibonacci	0.9513	0.9639	0.9716	0.9842	0.9968	1.0045	1.0171

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):	52.04
MACD (12,26,9):	-0.0002
Directional Movement:	4.6230
AROON (14):	0
DEMA (21):	0.9765
Parabolic SAR (0,02-0,02-0,2):	0.9747
Elder Ray (13):	0.0005
Super Trend (3,10):	0.9794
Zig ZAG (10):	0.9774
VORTEX (21):	0.9585
Stochastique (14,3,5):	67.42
TEMA (21):	0.9766
Williams %R (14):	-38.64
Chande Momentum Oscillator (20):	0.0017
Repulse (5,40,3):	0.1520
ROCnROLL:	-1
TRIX (15,9):	-0.0050
Courbe Coppock:	0.20

MA7:	0.9816
MA20:	0.9862
MA50:	0.9795
MA100:	0.9736
MAexp7:	0.9769
MAexp20:	0.9769
MAexp50:	0.9777
MAexp100:	0.9794
Price / MA7:	-0.34%
Price / MA20:	-0.80%
Price / MA50:	-0.12%
Price / MA100:	+0.48%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.05%
Price / MAexp100:	-0.12%

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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