NZD/SEK

85,243.85 SEK (-2.26%)

03/28/2025 - 07:58 Open Real time data - Forex

Open:	87,218.69
Change:	-1,973.07
Volume:	30,977

Low:	85,135.13
High:	87,492.20
High / Low range:	2,357.07

Type:	Forex
Ticker:	NZDSEK
ISIN:

NZD/SEK - Daily - Technical analysis published on 03/22/2023 (GMT)

136
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03/22/2023 - 15:35
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Londinia

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Timeframe : Daily
- Analysis generated on 03/22/2023 - 15:35
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 6.5071 SEK

My targets

6.4025 SEK (-0.0378)

6.3609 SEK (-0.0794)

My analysis

NZD/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.5071 SEK. The next support located at 6.4025 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.3609 SEK. Below this support, sellers could then target 6.3204 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

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 NZD/SEK rating is 6.4403 SEK. The price has increased by +0.58% since the last closing and was traded between 6.3827 SEK and 6.4439 SEK over the period. The price is currently at +0.90% from its lowest and -0.06% from its highest.

6.3827

6.4439

6.4403

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/SEK in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.3204	6.3609	6.4025	6.4403	6.4643	6.5071	6.6176
Change (%)	-1.86%	-1.23%	-0.59%	-	+0.37%	+1.04%	+2.75%
Change	-0.1199	-0.0794	-0.0378	-	+0.0240	+0.0668	+0.1773
Level	Major	Major	Intermediate	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2461	6.3059	6.3547	6.4145	6.4633	6.5231	6.5719
Camarilla	6.3735	6.3835	6.3935	6.4034	6.4134	6.4233	6.4333
Woodie	6.2405	6.3032	6.3491	6.4118	6.4577	6.5204	6.5663
Fibonacci	6.3059	6.3474	6.3731	6.4145	6.4560	6.4817	6.5231

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2697	6.3616	6.4747	6.5666	6.6797	6.7716	6.8847
Camarilla	6.5313	6.5501	6.5689	6.5877	6.6065	6.6253	6.6441
Woodie	6.2802	6.3669	6.4852	6.5719	6.6902	6.7769	6.8952
Fibonacci	6.3616	6.4399	6.4883	6.5666	6.6449	6.6933	6.7716

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	42.10
MACD (12,26,9):	-0.0242
Directional Movement:	-9.4151
AROON (14):	-42.8571
DEMA (21):	6.4849
Parabolic SAR (0,02-0,02-0,2):	6.6316
Elder Ray (13):	-0.0899
Super Trend (3,10):	6.6379
Zig ZAG (10):	6.4413
VORTEX (21):	0.9868
Stochastique (14,3,5):	16.13
TEMA (21):	6.4789
Williams %R (14):	-74.52
Chande Momentum Oscillator (20):	-0.0355
Repulse (5,40,3):	-0.6944
ROCnROLL:	2
TRIX (15,9):	-0.0407
Courbe Coppock:	0.00

MA7:	6.4975
MA20:	6.5099
MA50:	6.5786
MA100:	6.5662
MAexp7:	6.4839
MAexp20:	6.5158
MAexp50:	6.5469
MAexp100:	6.5427
Price / MA7:	-0.88%
Price / MA20:	-1.07%
Price / MA50:	-2.10%
Price / MA100:	-1.92%
Price / MAexp7:	-0.67%
Price / MAexp20:	-1.16%
Price / MAexp50:	-1.63%
Price / MAexp100:	-1.57%

Quotes : 03/22/2023 - 15:35 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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