NZD/SEK - 1H - Technical analysis published on 01/19/2021 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 5.9736 SEK
My targets
5.9464 SEK (-0.0142)
5.9393 SEK (-0.0213)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/SEK as long as the price remains well below 5.9736 SEK. The sellers” bearish objective is set at 5.9464 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.9393 SEK. In case of crossing, the next objective would be the support located at 5.8299 SEK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 5.9606 SEK. The price is lower by -0.23% since the last closing and was traded between 5.9585 SEK and 5.9808 SEK over the period. The price is currently at +0.04% from its lowest and -0.34% from its highest.5.9585
5.9808
5.9606
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NZD/SEK indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9393 | 5.9464 | 5.9604 | 5.9606 | 5.9736 | 5.9869 | 6.0067 |
| Change (%) | -0.36% | -0.24% | +0.00% | - | +0.22% | +0.44% | +0.77% |
| Change | -0.0213 | -0.0142 | -0.0002 | - | +0.0130 | +0.0263 | +0.0461 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 5.9169 | 5.9385 | 5.9565 | 5.9781 | 5.9961 | 6.0177 | 6.0357 |
| Camarilla | 5.9635 | 5.9671 | 5.9708 | 5.9744 | 5.9780 | 5.9817 | 5.9853 |
| Woodie | 5.9150 | 5.9376 | 5.9546 | 5.9772 | 5.9942 | 6.0168 | 6.0338 |
| Fibonacci | 5.9385 | 5.9537 | 5.9630 | 5.9781 | 5.9933 | 6.0026 | 6.0177 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8721 | 5.9056 | 5.9469 | 5.9804 | 6.0217 | 6.0552 | 6.0965 |
| Camarilla | 5.9677 | 5.9746 | 5.9814 | 5.9883 | 5.9952 | 6.0020 | 6.0089 |
| Woodie | 5.8761 | 5.9076 | 5.9509 | 5.9824 | 6.0257 | 6.0572 | 6.1005 |
| Fibonacci | 5.9056 | 5.9341 | 5.9518 | 5.9804 | 6.0089 | 6.0266 | 6.0552 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6234 | 5.7239 | 5.8228 | 5.9233 | 6.0222 | 6.1227 | 6.2216 |
| Camarilla | 5.8670 | 5.8852 | 5.9035 | 5.9218 | 5.9401 | 5.9584 | 5.9766 |
| Woodie | 5.6227 | 5.7235 | 5.8221 | 5.9229 | 6.0215 | 6.1223 | 6.2209 |
| Fibonacci | 5.7239 | 5.8000 | 5.8471 | 5.9233 | 5.9994 | 6.0465 | 6.1227 |
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): | 46.20 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -2.5088 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 5.9710 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9681 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 5.9955 | |
| Zig ZAG (10): | 5.9714 | |
| VORTEX (21): | 0.9618 | |
| Stochastique (14,3,5): | 60.23 | |
| TEMA (21): | 5.9710 | |
| Williams %R (14): | -56.31 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | -0.1244 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.07 |
| MA7: | 5.9771 | |
| MA20: | 5.9316 | |
| MA50: | 5.9441 | |
| MA100: | 5.9114 | |
| MAexp7: | 5.9708 | |
| MAexp20: | 5.9743 | |
| MAexp50: | 5.9793 | |
| MAexp100: | 5.9789 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.31% |
Quotes :
2021-01-19 08:21:45
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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.
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