NZD/SEK - 1H - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 5.9904 SEK
My targets
6.0228 SEK (+0.0243)
6.0397 SEK (+0.0412)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/SEK. As long as you are above the support located at 5.9904 SEK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.0228 SEK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 6.0397 SEK as an objective. Crossing it would then enable buyers to target 6.0722 SEK. If the support 5.9904 SEK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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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 5.9985 SEK. On the day, this instrument lost -0.31% and was traded between 5.9875 SEK and 6.0237 SEK over the period. The price is currently at +0.18% from its lowest and -0.42% from its highest.5.9875
6.0237
5.9985
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/SEK indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9735 | 5.9802 | 5.9904 | 5.9985 | 6.0228 | 6.0397 | 6.0722 |
| Change (%) | -0.42% | -0.31% | -0.14% | - | +0.41% | +0.69% | +1.23% |
| Change | -0.0250 | -0.0183 | -0.0081 | - | +0.0243 | +0.0412 | +0.0737 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 5.8949 | 5.9220 | 5.9694 | 5.9965 | 6.0439 | 6.0710 | 6.1184 |
| Camarilla | 5.9964 | 6.0032 | 6.0101 | 6.0169 | 6.0237 | 6.0306 | 6.0374 |
| Woodie | 5.9052 | 5.9271 | 5.9797 | 6.0016 | 6.0542 | 6.0761 | 6.1287 |
| Fibonacci | 5.9220 | 5.9504 | 5.9680 | 5.9965 | 6.0249 | 6.0425 | 6.0710 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8468 | 5.8916 | 5.9333 | 5.9781 | 6.0198 | 6.0646 | 6.1063 |
| Camarilla | 5.9513 | 5.9592 | 5.9672 | 5.9751 | 5.9830 | 5.9910 | 5.9989 |
| Woodie | 5.8454 | 5.8908 | 5.9319 | 5.9773 | 6.0184 | 6.0638 | 6.1049 |
| Fibonacci | 5.8916 | 5.9246 | 5.9450 | 5.9781 | 6.0111 | 6.0315 | 6.0646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7141 | 5.7773 | 5.8971 | 5.9603 | 6.0801 | 6.1433 | 6.2631 |
| Camarilla | 5.9666 | 5.9834 | 6.0001 | 6.0169 | 6.0337 | 6.0505 | 6.0672 |
| Woodie | 5.7424 | 5.7915 | 5.9254 | 5.9745 | 6.1084 | 6.1575 | 6.2914 |
| Fibonacci | 5.7773 | 5.8472 | 5.8904 | 5.9603 | 6.0302 | 6.0734 | 6.1433 |
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): | 53.86 | |
| MACD (12,26,9): | 0.0042 | |
| Directional Movement: | 4.5083 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 6.0128 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9882 | |
| Elder Ray (13): | 0.0066 | |
| Super Trend (3,10): | 5.9871 | |
| Zig ZAG (10): | 6.0117 | |
| VORTEX (21): | 1.0096 | |
| Stochastique (14,3,5): | 56.63 | |
| TEMA (21): | 6.0099 | |
| Williams %R (14): | -43.09 | |
| Chande Momentum Oscillator (20): | -0.0126 | |
| Repulse (5,40,3): | -0.1251 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0142 | |
| Courbe Coppock: | 0.35 |
| MA7: | 5.9786 | |
| MA20: | 5.9417 | |
| MA50: | 5.9047 | |
| MA100: | 5.8648 | |
| MAexp7: | 6.0053 | |
| MAexp20: | 6.0058 | |
| MAexp50: | 5.9960 | |
| MAexp100: | 5.9863 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.20% |
Quotes :
2020-12-01 16:40:43
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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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