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Londinia Opportunities Analyses - 11/18/2024 (GMT) NOK/SEK - 1H

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NOK SEK
- SEK (-)
- Real time data - Forex
Type: Forex
Ticker: NOKSEK
ISIN:

Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.9887 SEK
My targets
0.9983 SEK (+0.0058)
1.0028 SEK (+0.0103)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/SEK as long as the price remains well above 0.9887 SEK. The buyers' bullish objective is set at 0.9983 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0028 SEK. If there is any crossing, the next objective would be the resistance located at 1.0120 SEK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
8

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.

Additional analysis

Quotes

NOK/SEK rating 0.9925 SEK. The price has increased by +0.22% since the last closing and was traded between 0.9882 SEK and 0.9929 SEK over the period. The price is currently at +0.44% from its lowest and -0.04% from its highest.

0.9882
0.9929
0.9925

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:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/SEK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9808 0.9856 0.9887 0.9925 0.9928 0.9983 1.0028
Change (%) -1.18% -0.70% -0.38% - +0.03% +0.58% +1.04%
Change -0.0117 -0.0069 -0.0038 - +0.0003 +0.0058 +0.0103
Level Intermediate Intermediate Intermediate - Intermediate Major Minor



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
Standard0.97760.98120.98570.98930.99380.99741.0019
Camarilla0.98810.98880.98960.99030.99100.99180.9925
Woodie0.97820.98140.98630.98950.99440.99761.0025
Fibonacci0.98120.98430.98620.98930.99240.99430.9974


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.97250.97700.98370.98820.99490.99941.0061
Camarilla0.98720.98830.98930.99030.99130.99240.9934
Woodie0.97350.97760.98470.98880.99591.00001.0071
Fibonacci0.97700.98130.98400.98820.99250.99520.9994


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.94110.94950.95910.96750.97710.98550.9951
Camarilla0.96370.96530.96700.96860.97030.97190.9736
Woodie0.94160.94980.95960.96780.97760.98580.9956
Fibonacci0.94950.95640.96070.96750.97440.97870.9855

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): 57.56
MACD (12,26,9): 0.0007
Directional Movement: 6.6691
AROON (14): 50.0000
DEMA (21): 0.9921
Parabolic SAR (0,02-0,02-0,2): 0.9901
Elder Ray (13): 0.0003
Super Trend (3,10): 0.9881
Zig ZAG (10): 0.9917
VORTEX (21): 1.0787
Stochastique (14,3,5): 79.26
TEMA (21): 0.9921
Williams %R (14): -22.22
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): -0.0610
ROCnROLL: 1
TRIX (15,9): 0.0098
Courbe Coppock: 0.34
MA7: 0.9865
MA20: 0.9768
MA50: 0.9697
MA100: 0.9730
MAexp7: 0.9917
MAexp20: 0.9912
MAexp50: 0.9898
MAexp100: 0.9880
Price / MA7: +0.61%
Price / MA20: +1.61%
Price / MA50: +2.35%
Price / MA100: +2.00%
Price / MAexp7: +0.06%
Price / MAexp20: +0.11%
Price / MAexp50: +0.25%
Price / MAexp100: +0.44%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on NOK/SEK. At the time of publication of this analysis, the latest news was as follows: