NOK/SEK - 1H - Technical analysis published on 11/14/2023 (GMT)
- 195
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.9817 SEK
My targets
0.9738 SEK (-0.0014)
0.9629 SEK (-0.0123)
My analysis
NOK/SEK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.9817 SEK. The next support located at 0.9738 SEK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.9629 SEK. Below this support, sellers could then target 0.9523 SEK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/SEK rating 0.9752 SEK. The price is lower by -0.35% since the last closing and was traded between 0.9731 SEK and 0.9802 SEK over the period. The price is currently at +0.22% from its lowest and -0.51% from its highest.0.9731
0.9802
0.9752
Here is a more detailed summary of the historical variations registered by NOK/SEK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/SEK chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9320 | 0.9523 | 0.9738 | 0.9752 | 0.9817 | 0.9887 | 0.9929 |
| Change (%) | -4.43% | -2.35% | -0.14% | - | +0.67% | +1.38% | +1.82% |
| Change | -0.0432 | -0.0229 | -0.0014 | - | +0.0065 | +0.0135 | +0.0177 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | 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 | 0.9701 | 0.9730 | 0.9758 | 0.9787 | 0.9815 | 0.9844 | 0.9872 |
| Camarilla | 0.9770 | 0.9776 | 0.9781 | 0.9786 | 0.9791 | 0.9797 | 0.9802 |
| Woodie | 0.9701 | 0.9730 | 0.9758 | 0.9787 | 0.9815 | 0.9844 | 0.9872 |
| Fibonacci | 0.9730 | 0.9752 | 0.9765 | 0.9787 | 0.9809 | 0.9822 | 0.9844 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9542 | 0.9629 | 0.9713 | 0.9800 | 0.9884 | 0.9971 | 1.0055 |
| Camarilla | 0.9749 | 0.9765 | 0.9780 | 0.9796 | 0.9812 | 0.9827 | 0.9843 |
| Woodie | 0.9540 | 0.9628 | 0.9711 | 0.9799 | 0.9882 | 0.9970 | 1.0053 |
| Fibonacci | 0.9629 | 0.9695 | 0.9735 | 0.9800 | 0.9866 | 0.9906 | 0.9971 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9467 | 0.9682 | 0.9839 | 1.0054 | 1.0211 | 1.0426 | 1.0583 |
| Camarilla | 0.9895 | 0.9929 | 0.9963 | 0.9997 | 1.0031 | 1.0065 | 1.0099 |
| Woodie | 0.9439 | 0.9668 | 0.9811 | 1.0040 | 1.0183 | 1.0412 | 1.0555 |
| Fibonacci | 0.9682 | 0.9824 | 0.9912 | 1.0054 | 1.0196 | 1.0284 | 1.0426 |
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): | 33.97 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -17.3443 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.9765 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9796 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 0.9803 | |
| Zig ZAG (10): | 0.9750 | |
| VORTEX (21): | 0.8934 | |
| Stochastique (14,3,5): | 23.23 | |
| TEMA (21): | 0.9759 | |
| Williams %R (14): | -70.42 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | -0.0262 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0067 | |
| Courbe Coppock: | 0.37 |
| MA7: | 0.9780 | |
| MA20: | 0.9895 | |
| MA50: | 1.0093 | |
| MA100: | 1.0189 | |
| MAexp7: | 0.9764 | |
| MAexp20: | 0.9773 | |
| MAexp50: | 0.9778 | |
| MAexp100: | 0.9787 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -3.38% | |
| Price / MA100: | -4.29% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.36% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on NOK/SEK at the time of the analysis were 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 - 1H