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:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/SEK:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 5.7450 | 5.7927 | 5.8221 | 5.8698 | 5.8992 | 5.9469 | 5.9763 |
Camarilla | 5.8302 | 5.8373 | 5.8443 | 5.8514 | 5.8585 | 5.8655 | 5.8726 |
Woodie | 5.7358 | 5.7881 | 5.8129 | 5.8652 | 5.8900 | 5.9423 | 5.9671 |
Fibonacci | 5.7927 | 5.8222 | 5.8404 | 5.8698 | 5.8993 | 5.9175 | 5.9469 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.7114 | 5.7759 | 5.8137 | 5.8782 | 5.9160 | 5.9805 | 6.0183 |
Camarilla | 5.8233 | 5.8327 | 5.8420 | 5.8514 | 5.8608 | 5.8702 | 5.8795 |
Woodie | 5.6980 | 5.7692 | 5.8003 | 5.8715 | 5.9026 | 5.9738 | 6.0049 |
Fibonacci | 5.7759 | 5.8150 | 5.8392 | 5.8782 | 5.9173 | 5.9415 | 5.9805 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.5486 | 5.6478 | 5.7674 | 5.8666 | 5.9862 | 6.0854 | 6.2050 |
Camarilla | 5.8267 | 5.8468 | 5.8668 | 5.8869 | 5.9070 | 5.9270 | 5.9471 |
Woodie | 5.5587 | 5.6529 | 5.7775 | 5.8717 | 5.9963 | 6.0905 | 6.2151 |
Fibonacci | 5.6478 | 5.7314 | 5.7831 | 5.8666 | 5.9502 | 6.0019 | 6.0854 |
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
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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.
About author
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…
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