NOK/SEK - Daily - Technical analysis published on 08/24/2023 (GMT)
- 220
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 1.0083 SEK
My targets
1.0460 SEK (+0.0160)
1.0547 SEK (+0.0247)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOK/SEK. As long as you are above the support located at 1.0083 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.0460 SEK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.0547 SEK as an objective. Crossing it would then enable buyers to target 1.0695 SEK. If the support 1.0083 SEK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/SEK price is 1.0300 SEK. The price is lower by -0.03% since the last closing with the lowest point at 1.0261 SEK and the highest point at 1.0329 SEK. The deviation from the price is +0.38% for the low point and -0.28% for the high point.1.0261
1.0329
1.0300
Here is a more detailed summary of the historical variations registered by NOK/SEK:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NOK/SEK indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9929 | 1.0083 | 1.0264 | 1.0300 | 1.0460 | 1.0547 | 1.0695 |
| Change (%) | -3.60% | -2.11% | -0.35% | - | +1.55% | +2.40% | +3.83% |
| Change | -0.0371 | -0.0217 | -0.0036 | - | +0.0160 | +0.0247 | +0.0395 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | 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 | 1.0192 | 1.0219 | 1.0261 | 1.0288 | 1.0330 | 1.0357 | 1.0399 |
| Camarilla | 1.0284 | 1.0290 | 1.0297 | 1.0303 | 1.0309 | 1.0316 | 1.0322 |
| Woodie | 1.0200 | 1.0223 | 1.0269 | 1.0292 | 1.0338 | 1.0361 | 1.0407 |
| Fibonacci | 1.0219 | 1.0245 | 1.0262 | 1.0288 | 1.0314 | 1.0331 | 1.0357 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0103 | 1.0179 | 1.0251 | 1.0327 | 1.0399 | 1.0475 | 1.0547 |
| Camarilla | 1.0281 | 1.0295 | 1.0308 | 1.0322 | 1.0336 | 1.0349 | 1.0363 |
| Woodie | 1.0100 | 1.0178 | 1.0248 | 1.0326 | 1.0396 | 1.0474 | 1.0544 |
| Fibonacci | 1.0179 | 1.0236 | 1.0271 | 1.0327 | 1.0384 | 1.0419 | 1.0475 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9760 | 0.9889 | 1.0138 | 1.0267 | 1.0516 | 1.0645 | 1.0894 |
| Camarilla | 1.0284 | 1.0319 | 1.0353 | 1.0388 | 1.0423 | 1.0457 | 1.0492 |
| Woodie | 0.9821 | 0.9919 | 1.0199 | 1.0297 | 1.0577 | 1.0675 | 1.0955 |
| Fibonacci | 0.9889 | 1.0033 | 1.0122 | 1.0267 | 1.0411 | 1.0500 | 1.0645 |
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): | 48.63 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -5.3149 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.0354 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0389 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 1.0168 | |
| Zig ZAG (10): | 1.0299 | |
| VORTEX (21): | 1.0142 | |
| Stochastique (14,3,5): | 18.83 | |
| TEMA (21): | 1.0306 | |
| Williams %R (14): | -78.80 | |
| Chande Momentum Oscillator (20): | -0.0142 | |
| Repulse (5,40,3): | 0.0502 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0487 | |
| Courbe Coppock: | 1.94 |
| MA7: | 1.0305 | |
| MA20: | 1.0362 | |
| MA50: | 1.0239 | |
| MA100: | 1.0011 | |
| MAexp7: | 1.0311 | |
| MAexp20: | 1.0322 | |
| MAexp50: | 1.0234 | |
| MAexp100: | 1.0153 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +2.89% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +1.45% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis NOK/SEK - Daily