NZD/SEK

- SEK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDSEK
ISIN:

NZD/SEK - Daily - Technical analysis published on 05/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 6.4201 SEK

My targets

6.5824 SEK (+0.0616)

6.6572 SEK (+0.1364)

My analysis

The current short-term bullish acceleration on NZD/SEK should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 6.4201 SEK. Short-term buyers will use the resistance located at 6.5824 SEK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 6.6572 SEK. Crossing this resistance would then open the door for buyers to target 6.7259 SEK. Caution, if there is a return to under 6.4201 SEK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

4.6

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

NZD/SEK rating 6.5208 SEK. On the day, this instrument gained +0.16% with the lowest point at 6.5100 SEK and the highest point at 6.5234 SEK. The deviation from the price is +0.17% for the low point and -0.04% for the high point.

6.5100

6.5234

6.5208

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/SEK in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.3151	6.4201	6.5089	6.5208	6.5824	6.6572	6.7259
Change (%)	-3.15%	-1.54%	-0.18%	-	+0.94%	+2.09%	+3.15%
Change	-0.2057	-0.1007	-0.0119	-	+0.0616	+0.1364	+0.2051
Level	Minor	Major	Major	-	Major	Major	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	6.4067	6.4288	6.4694	6.4915	6.5321	6.5542	6.5948
Camarilla	6.4929	6.4986	6.5044	6.5101	6.5159	6.5216	6.5273
Woodie	6.4161	6.4334	6.4788	6.4961	6.5415	6.5588	6.6042
Fibonacci	6.4288	6.4527	6.4675	6.4915	6.5154	6.5302	6.5542

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2097	6.2690	6.3322	6.3915	6.4547	6.5140	6.5772
Camarilla	6.3616	6.3728	6.3841	6.3953	6.4065	6.4178	6.4290
Woodie	6.2116	6.2700	6.3341	6.3925	6.4566	6.5150	6.5791
Fibonacci	6.2690	6.3158	6.3447	6.3915	6.4383	6.4672	6.5140

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.9175	6.0993	6.2198	6.4016	6.5221	6.7039	6.8244
Camarilla	6.2573	6.2850	6.3127	6.3404	6.3681	6.3958	6.4235
Woodie	5.8870	6.0840	6.1893	6.3863	6.4916	6.6886	6.7939
Fibonacci	6.0993	6.2148	6.2861	6.4016	6.5171	6.5884	6.7039

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):	60.48
MACD (12,26,9):	0.0059
Directional Movement:	6.4377
AROON (14):	78.5714
DEMA (21):	6.4234
Parabolic SAR (0,02-0,02-0,2):	6.3396
Elder Ray (13):	0.0822
Super Trend (3,10):	6.3504
Zig ZAG (10):	6.5190
VORTEX (21):	1.0903
Stochastique (14,3,5):	96.42
TEMA (21):	6.4535
Williams %R (14):	-0.58
Chande Momentum Oscillator (20):	0.1832
Repulse (5,40,3):	1.2534
ROCnROLL:	1
TRIX (15,9):	-0.0433
Courbe Coppock:	2.60

MA7:	6.4477
MA20:	6.3924
MA50:	6.4592
MA100:	6.5336
MAexp7:	6.4596
MAexp20:	6.4273
MAexp50:	6.4548
MAexp100:	6.4848
Price / MA7:	+1.13%
Price / MA20:	+2.01%
Price / MA50:	+0.95%
Price / MA100:	-0.20%
Price / MAexp7:	+0.95%
Price / MAexp20:	+1.45%
Price / MAexp50:	+1.02%
Price / MAexp100:	+0.56%

Quotes : - Real time data - Forex

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

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