NZD/SEK - 1H - Technical analysis published on 05/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 5.9671 SEK
My targets
5.8748 SEK (-0.0668)
5.8299 SEK (-0.1117)
My analysis
NZD/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 5.9671 SEK. The next support located at 5.8748 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 5.8299 SEK. Below this support, sellers could then target 5.6501 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/SEK rating 5.9416 SEK. The price is lower by -0.58% since the last closing and was traded between 5.9302 SEK and 5.9822 SEK over the period. The price is currently at +0.19% from its lowest and -0.68% from its highest.5.9302
5.9822
5.9416
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NZD/SEK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0377 | 5.6501 | 5.8299 | 5.9416 | 5.9438 | 5.9671 | 5.9799 |
| Change (%) | -15.21% | -4.91% | -1.88% | - | +0.04% | +0.43% | +0.64% |
| Change | -0.9039 | -0.2915 | -0.1117 | - | +0.0022 | +0.0255 | +0.0383 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8372 | 5.8963 | 5.9363 | 5.9954 | 6.0354 | 6.0945 | 6.1345 |
| Camarilla | 5.9490 | 5.9580 | 5.9671 | 5.9762 | 5.9853 | 5.9944 | 6.0035 |
| Woodie | 5.8276 | 5.8915 | 5.9267 | 5.9906 | 6.0258 | 6.0897 | 6.1249 |
| Fibonacci | 5.8963 | 5.9342 | 5.9576 | 5.9954 | 6.0333 | 6.0567 | 6.0945 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8748 | 5.9274 | 5.9830 | 6.0356 | 6.0912 | 6.1438 | 6.1994 |
| Camarilla | 6.0090 | 6.0189 | 6.0288 | 6.0387 | 6.0486 | 6.0585 | 6.0685 |
| Woodie | 5.8764 | 5.9282 | 5.9846 | 6.0364 | 6.0928 | 6.1446 | 6.2010 |
| Fibonacci | 5.9274 | 5.9687 | 5.9942 | 6.0356 | 6.0769 | 6.1024 | 6.1438 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5600 | 5.6982 | 5.8372 | 5.9754 | 6.1144 | 6.2526 | 6.3916 |
| Camarilla | 5.9000 | 5.9254 | 5.9508 | 5.9762 | 6.0016 | 6.0270 | 6.0524 |
| Woodie | 5.5604 | 5.6984 | 5.8376 | 5.9756 | 6.1148 | 6.2528 | 6.3920 |
| Fibonacci | 5.6982 | 5.8041 | 5.8695 | 5.9754 | 6.0813 | 6.1467 | 6.2526 |
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): | 31.77 | |
| MACD (12,26,9): | -0.0157 | |
| Directional Movement: | -21.0016 | |
| AROON (14): | -85.7142 | |
| DEMA (21): | 5.9434 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9600 | |
| Elder Ray (13): | -0.0084 | |
| Super Trend (3,10): | 5.9807 | |
| Zig ZAG (10): | 5.9497 | |
| VORTEX (21): | 0.8241 | |
| Stochastique (14,3,5): | 28.47 | |
| TEMA (21): | 5.9386 | |
| Williams %R (14): | -60.96 | |
| Chande Momentum Oscillator (20): | -0.0138 | |
| Repulse (5,40,3): | 0.0682 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0409 | |
| Courbe Coppock: | 0.90 |
| MA7: | 6.0130 | |
| MA20: | 6.0259 | |
| MA50: | 5.9902 | |
| MA100: | 6.1202 | |
| MAexp7: | 5.9507 | |
| MAexp20: | 5.9641 | |
| MAexp50: | 5.9875 | |
| MAexp100: | 6.0040 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -1.40% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | -2.92% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -1.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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