NZD/SEK - 1H - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 6.0175 SEK
My targets
5.9900 SEK (-0.0135)
5.9806 SEK (-0.0229)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.0175 SEK remains possible. It is advisable to trade NZD/SEK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.0175 SEK. The next bearish objective for sellers is set at 5.9900 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.9806 SEK. In case of crossing, the next objective would be the support located at 5.9438 SEK. PS: if there is a bullish break in the resistance located at 6.0175 SEK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8
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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
The NZD/SEK rating is 6.0035 SEK. On the day, this instrument gained +0.01% and was between 6.0015 SEK and 6.0226 SEK. This implies that the price is at +0.03% from its lowest and at -0.32% from its highest.6.0015
6.0226
6.0035
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NZD/SEK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 5.9806 | 5.9900 | 6.0006 | 6.0035 | 6.0175 | 6.0557 | 6.0722 |
| Change (%) | -0.38% | -0.22% | -0.05% | - | +0.23% | +0.87% | +1.14% |
| Change | -0.0229 | -0.0135 | -0.0029 | - | +0.0140 | +0.0522 | +0.0687 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9109 | 5.9439 | 5.9735 | 6.0065 | 6.0361 | 6.0691 | 6.0987 |
| Camarilla | 5.9858 | 5.9915 | 5.9973 | 6.0030 | 6.0087 | 6.0145 | 6.0202 |
| Woodie | 5.9091 | 5.9431 | 5.9717 | 6.0057 | 6.0343 | 6.0683 | 6.0969 |
| Fibonacci | 5.9439 | 5.9679 | 5.9826 | 6.0065 | 6.0305 | 6.0452 | 6.0691 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9042 | 5.9423 | 6.0066 | 6.0447 | 6.1090 | 6.1471 | 6.2114 |
| Camarilla | 6.0428 | 6.0522 | 6.0616 | 6.0710 | 6.0804 | 6.0898 | 6.0992 |
| Woodie | 5.9174 | 5.9489 | 6.0198 | 6.0513 | 6.1222 | 6.1537 | 6.2246 |
| Fibonacci | 5.9423 | 5.9814 | 6.0056 | 6.0447 | 6.0838 | 6.1080 | 6.1471 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5523 | 5.6878 | 5.7695 | 5.9050 | 5.9867 | 6.1222 | 6.2039 |
| Camarilla | 5.7916 | 5.8115 | 5.8314 | 5.8513 | 5.8712 | 5.8911 | 5.9110 |
| Woodie | 5.5255 | 5.6744 | 5.7427 | 5.8916 | 5.9599 | 6.1088 | 6.1771 |
| Fibonacci | 5.6878 | 5.7707 | 5.8220 | 5.9050 | 5.9879 | 6.0392 | 6.1222 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.01 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 5.2959 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 6.0066 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0226 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 6.0254 | |
| Zig ZAG (10): | 6.0032 | |
| VORTEX (21): | 1.0834 | |
| Stochastique (14,3,5): | 67.12 | |
| TEMA (21): | 6.0138 | |
| Williams %R (14): | -14.17 | |
| Chande Momentum Oscillator (20): | 0.0230 | |
| Repulse (5,40,3): | 0.0273 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0065 | |
| Courbe Coppock: | 0.78 |
| MA7: | 6.0375 | |
| MA20: | 5.9971 | |
| MA50: | 5.9726 | |
| MA100: | 6.0031 | |
| MAexp7: | 6.0133 | |
| MAexp20: | 6.0077 | |
| MAexp50: | 6.0166 | |
| MAexp100: | 6.0274 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.40% |
Quotes :
2020-06-25 07:07:47
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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