NOK/SEK - 1H - Technical analysis published on 10/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.0566 SEK
My targets
1.0626 SEK (+0.0047)
1.0693 SEK (+0.0114)
My analysis
The basic bullish trend is very strong on NOK/SEK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.0566 SEK. Crossing the first resistance at 1.0626 SEK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.0693 SEK as an objective. Crossing it would then enable buyers to target 1.0865 SEK. Caution, a return to below 1.0566 SEK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/SEK rating is 1.0579 SEK. The price is lower by -0.03% since the last closing and was between 1.0571 SEK and 1.0598 SEK. This implies that the price is at +0.08% from its lowest and at -0.18% from its highest.1.0571
1.0598
1.0579
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/SEK indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0424 | 1.0522 | 1.0566 | 1.0579 | 1.0626 | 1.0693 | 1.0865 |
| Change (%) | -1.47% | -0.54% | -0.12% | - | +0.44% | +1.08% | +2.70% |
| Change | -0.0155 | -0.0057 | -0.0013 | - | +0.0047 | +0.0114 | +0.0286 |
| Level | Minor | Major | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0285 | 1.0362 | 1.0472 | 1.0549 | 1.0659 | 1.0736 | 1.0846 |
| Camarilla | 1.0531 | 1.0548 | 1.0565 | 1.0582 | 1.0599 | 1.0616 | 1.0633 |
| Woodie | 1.0302 | 1.0370 | 1.0489 | 1.0557 | 1.0676 | 1.0744 | 1.0863 |
| Fibonacci | 1.0362 | 1.0433 | 1.0478 | 1.0549 | 1.0620 | 1.0665 | 1.0736 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9931 | 1.0046 | 1.0261 | 1.0376 | 1.0591 | 1.0706 | 1.0921 |
| Camarilla | 1.0385 | 1.0416 | 1.0446 | 1.0476 | 1.0506 | 1.0537 | 1.0567 |
| Woodie | 0.9981 | 1.0071 | 1.0311 | 1.0401 | 1.0641 | 1.0731 | 1.0971 |
| Fibonacci | 1.0046 | 1.0172 | 1.0250 | 1.0376 | 1.0502 | 1.0580 | 1.0706 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9254 | 0.9714 | 0.9957 | 1.0417 | 1.0660 | 1.1120 | 1.1363 |
| Camarilla | 1.0006 | 1.0070 | 1.0135 | 1.0199 | 1.0263 | 1.0328 | 1.0392 |
| Woodie | 0.9145 | 0.9660 | 0.9848 | 1.0363 | 1.0551 | 1.1066 | 1.1254 |
| Fibonacci | 0.9714 | 0.9983 | 1.0149 | 1.0417 | 1.0686 | 1.0852 | 1.1120 |
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): | 57.92 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 15.9675 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.0601 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0612 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0521 | |
| Zig ZAG (10): | 1.0577 | |
| VORTEX (21): | 1.1779 | |
| Stochastique (14,3,5): | 24.44 | |
| TEMA (21): | 1.0595 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.1418 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0401 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.0455 | |
| MA20: | 1.0506 | |
| MA50: | 1.0626 | |
| MA100: | 1.0486 | |
| MAexp7: | 1.0581 | |
| MAexp20: | 1.0569 | |
| MAexp50: | 1.0520 | |
| MAexp100: | 1.0473 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +1.03% |
Quotes :
-
Real time data
-
Forex
News
The last news published on NOK/SEK at the time of the generation of this analysis was as follows:
“Wishful Thinking” NOK/SEKThis 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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