NZD/SEK
NZD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDSEK
ISIN:

NZD/SEK - 1H - Technical analysis published on 11/09/2020 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 5.8962 SEK
My targets
5.8417 SEK (-0.0271)
5.8137 SEK (-0.0551)
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 5.8962 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 5.8962 SEK. The next bearish objective for sellers is set at 5.8417 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.8137 SEK. In case of crossing, the next objective would be the support located at 5.7525 SEK. PS: if there is a bullish break in the resistance located at 5.8962 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
1.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/SEK rating is 5.8688 SEK. On the day, this instrument gained +0.30% and was between 5.8557 SEK and 5.8781 SEK. This implies that the price is at +0.22% from its lowest and at -0.16% from its highest.

5.8557
5.8781
5.8688

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NZD/SEK:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NZD/SEK indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.7525 5.8417 5.8687 5.8688 5.8962 5.9180 5.9438
Change (%) -1.98% -0.46% +0.00% - +0.47% +0.84% +1.28%
Change -0.1163 -0.0271 -0.0001 - +0.0274 +0.0492 +0.0750
Level Minor Major Minor - Intermediate Major Major



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
Standard5.74505.79275.82215.86985.89925.94695.9763
Camarilla5.83025.83735.84435.85145.85855.86555.8726
Woodie5.73585.78815.81295.86525.89005.94235.9671
Fibonacci5.79275.82225.84045.86985.89935.91755.9469


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.71145.77595.81375.87825.91605.98056.0183
Camarilla5.82335.83275.84205.85145.86085.87025.8795
Woodie5.69805.76925.80035.87155.90265.97386.0049
Fibonacci5.77595.81505.83925.87825.91735.94155.9805


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.54865.64785.76745.86665.98626.08546.2050
Camarilla5.82675.84685.86685.88695.90705.92705.9471
Woodie5.55875.65295.77755.87175.99636.09056.2151
Fibonacci5.64785.73145.78315.86665.95026.00196.0854

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): 47.19
MACD (12,26,9): -0.0031
Directional Movement: 3.3481
AROON (14): 28.5714
DEMA (21): 5.8625
Parabolic SAR (0,02-0,02-0,2): 5.8517
Elder Ray (13): -0.0003
Super Trend (3,10): 5.8812
Zig ZAG (10): 5.8668
VORTEX (21): 0.9446
Stochastique (14,3,5): 74.29
TEMA (21): 5.8648
Williams %R (14): -24.47
Chande Momentum Oscillator (20): 0.0268
Repulse (5,40,3): 0.0937
ROCnROLL: -1
TRIX (15,9): -0.0134
Courbe Coppock: 0.40
MA7: 5.8862
MA20: 5.8615
MA50: 5.8796
MA100: 5.8759
MAexp7: 5.8681
MAexp20: 5.8677
MAexp50: 5.8755
MAexp100: 5.8825
Price / MA7: -0.30%
Price / MA20: +0.12%
Price / MA50: -0.18%
Price / MA100: -0.12%
Price / MAexp7: +0.02%
Price / MAexp20: +0.02%
Price / MAexp50: -0.11%
Price / MAexp100: -0.23%

Quotes : 2020-11-09 07:47:45 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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