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 05/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 6.5089 SEK

My targets

6.6572 SEK (+0.0477)

6.7259 SEK (+0.1164)

My analysis

NZD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.5089 SEK. The next resistance located at 6.6572 SEK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.7259 SEK. After this resistance, buyers could then target 6.8241 SEK.

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

Force

6.3

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 price is 6.6095 SEK. The price has increased by +0.00% since the last closing and was between 6.5899 SEK and 6.6105 SEK. This implies that the price is at +0.30% from its lowest and at -0.02% from its highest.

6.5899

6.6105

6.6095

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NZD/SEK:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 Daily chart of NZD/SEK indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.4201	6.5089	6.5926	6.6095	6.6572	6.7259	6.8241
Change (%)	-2.87%	-1.52%	-0.26%	-	+0.72%	+1.76%	+3.25%
Change	-0.1894	-0.1006	-0.0169	-	+0.0477	+0.1164	+0.2146
Level	Major	Minor	Major	-	Major	Intermediate	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	6.5342	6.5585	6.5841	6.6084	6.6340	6.6583	6.6839
Camarilla	6.5960	6.6006	6.6051	6.6097	6.6143	6.6189	6.6234
Woodie	6.5349	6.5588	6.5848	6.6087	6.6347	6.6586	6.6846
Fibonacci	6.5585	6.5776	6.5893	6.6084	6.6275	6.6392	6.6583

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2674	6.3450	6.4774	6.5550	6.6874	6.7650	6.8974
Camarilla	6.5520	6.5712	6.5905	6.6097	6.6290	6.6482	6.6675
Woodie	6.2947	6.3587	6.5047	6.5687	6.7147	6.7787	6.9247
Fibonacci	6.3450	6.4253	6.4748	6.5550	6.6353	6.6848	6.7650

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

Technical indicators

Moving averages

RSI (14):	65.61
MACD (12,26,9):	0.0398
Directional Movement:	14.2494
AROON (14):	78.5714
DEMA (21):	6.5244
Parabolic SAR (0,02-0,02-0,2):	6.4932
Elder Ray (13):	0.0899
Super Trend (3,10):	6.4283
Zig ZAG (10):	6.6088
VORTEX (21):	1.2232
Stochastique (14,3,5):	93.20
TEMA (21):	6.5741
Williams %R (14):	-9.22
Chande Momentum Oscillator (20):	0.1734
Repulse (5,40,3):	1.2180
ROCnROLL:	1
TRIX (15,9):	0.0317
Courbe Coppock:	5.59

MA7:	6.5309
MA20:	6.4466
MA50:	6.4572
MA100:	6.5278
MAexp7:	6.5509
MAexp20:	6.4852
MAexp50:	6.4742
MAexp100:	6.4914
Price / MA7:	+1.20%
Price / MA20:	+2.53%
Price / MA50:	+2.36%
Price / MA100:	+1.25%
Price / MAexp7:	+0.89%
Price / MAexp20:	+1.92%
Price / MAexp50:	+2.09%
Price / MAexp100:	+1.82%

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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Londinia AI

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