NZD/SEK - Daily - Technical analysis published on 03/08/2023 (GMT)
- 136
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Neutral between 6.5071 SEK and 6.6176 SEK
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 6.6176 SEK. The first support is located at 6.5071 SEK. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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
NZD/SEK rating 6.5568 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 6.5434 SEK and the highest point at 6.5773 SEK. The deviation from the price is +0.20% for the low point and -0.31% for the high point.6.5434
6.5773
6.5568
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 NZD/SEK in Daily shows an overall slightly bullish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.3609 | 6.4541 | 6.5071 | 6.5568 | 6.5608 | 6.6176 | 6.6572 |
| Change (%) | -2.99% | -1.57% | -0.76% | - | +0.06% | +0.93% | +1.53% |
| Change | -0.1959 | -0.1027 | -0.0497 | - | +0.0040 | +0.0608 | +0.1004 |
| Level | Major | Intermediate | Minor | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3927 | 6.4304 | 6.4937 | 6.5314 | 6.5947 | 6.6324 | 6.6957 |
| Camarilla | 6.5293 | 6.5386 | 6.5478 | 6.5571 | 6.5664 | 6.5756 | 6.5849 |
| Woodie | 6.4056 | 6.4368 | 6.5066 | 6.5378 | 6.6076 | 6.6388 | 6.7086 |
| Fibonacci | 6.4304 | 6.4690 | 6.4928 | 6.5314 | 6.5700 | 6.5938 | 6.6324 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2298 | 6.3013 | 6.4059 | 6.4774 | 6.5820 | 6.6535 | 6.7581 |
| Camarilla | 6.4622 | 6.4783 | 6.4945 | 6.5106 | 6.5267 | 6.5429 | 6.5590 |
| Woodie | 6.2465 | 6.3096 | 6.4226 | 6.4857 | 6.5987 | 6.6618 | 6.7748 |
| Fibonacci | 6.3013 | 6.3685 | 6.4101 | 6.4774 | 6.5446 | 6.5862 | 6.6535 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9198 | 6.1463 | 6.3118 | 6.5383 | 6.7038 | 6.9303 | 7.0958 |
| Camarilla | 6.3696 | 6.4055 | 6.4415 | 6.4774 | 6.5133 | 6.5493 | 6.5852 |
| Woodie | 5.8894 | 6.1311 | 6.2814 | 6.5231 | 6.6734 | 6.9151 | 7.0654 |
| Fibonacci | 6.1463 | 6.2960 | 6.3885 | 6.5383 | 6.6880 | 6.7805 | 6.9303 |
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): | 51.21 | |
| MACD (12,26,9): | -0.0242 | |
| Directional Movement: | -9.5837 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 6.4978 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4129 | |
| Elder Ray (13): | 0.0388 | |
| Super Trend (3,10): | 6.6379 | |
| Zig ZAG (10): | 6.5564 | |
| VORTEX (21): | 0.9055 | |
| Stochastique (14,3,5): | 79.21 | |
| TEMA (21): | 6.4904 | |
| Williams %R (14): | -10.36 | |
| Chande Momentum Oscillator (20): | 0.0810 | |
| Repulse (5,40,3): | 0.6074 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0826 | |
| Courbe Coppock: | 1.09 |
| MA7: | 6.5196 | |
| MA20: | 6.5162 | |
| MA50: | 6.6017 | |
| MA100: | 6.5534 | |
| MAexp7: | 6.5221 | |
| MAexp20: | 6.5339 | |
| MAexp50: | 6.5635 | |
| MAexp100: | 6.5495 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
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Forex
This 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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