NZD/SEK - 1H - Technical analysis published on 05/28/2021 (GMT)
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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
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 6.0300 SEK
My targets
5.9967 SEK (-0.0187)
5.9617 SEK (-0.0537)
My analysis
In the short term, we can see an acceleration in the bearish trend on NZD/SEK, which is a positive signal for sellers. As long as the price remains above 6.0300 SEK, a sale could be considered. The first bearish objective is located at 5.9967 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.9617 SEK as an objective. Crossing it would then enable sellers to target 5.9464 SEK. If the price were to return above 6.0300 SEK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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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 6.0154 SEK. The price is lower by -0.23% since the last closing with the lowest point at 6.0039 SEK and the highest point at 6.0343 SEK. The deviation from the price is +0.19% for the low point and -0.31% for the high point.6.0039
6.0343
6.0154
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
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 | 5.9464 | 5.9617 | 5.9967 | 6.0154 | 6.0169 | 6.0300 | 6.0456 |
| Change (%) | -1.15% | -0.89% | -0.31% | - | +0.02% | +0.24% | +0.50% |
| Change | -0.0690 | -0.0537 | -0.0187 | - | +0.0015 | +0.0146 | +0.0302 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 5.9747 | 6.0019 | 6.0157 | 6.0429 | 6.0567 | 6.0839 | 6.0977 |
| Camarilla | 6.0182 | 6.0220 | 6.0257 | 6.0295 | 6.0333 | 6.0370 | 6.0408 |
| Woodie | 5.9680 | 5.9986 | 6.0090 | 6.0396 | 6.0500 | 6.0806 | 6.0910 |
| Fibonacci | 6.0019 | 6.0176 | 6.0272 | 6.0429 | 6.0586 | 6.0682 | 6.0839 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8384 | 5.8948 | 5.9315 | 5.9879 | 6.0246 | 6.0810 | 6.1177 |
| Camarilla | 5.9426 | 5.9511 | 5.9597 | 5.9682 | 5.9767 | 5.9853 | 5.9938 |
| Woodie | 5.8286 | 5.8899 | 5.9217 | 5.9830 | 6.0148 | 6.0761 | 6.1079 |
| Fibonacci | 5.8948 | 5.9304 | 5.9523 | 5.9879 | 6.0235 | 6.0454 | 6.0810 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8038 | 5.8980 | 5.9813 | 6.0755 | 6.1588 | 6.2530 | 6.3363 |
| Camarilla | 6.0157 | 6.0320 | 6.0482 | 6.0645 | 6.0808 | 6.0970 | 6.1133 |
| Woodie | 5.7983 | 5.8953 | 5.9758 | 6.0728 | 6.1533 | 6.2503 | 6.3308 |
| Fibonacci | 5.8980 | 5.9658 | 6.0077 | 6.0755 | 6.1433 | 6.1852 | 6.2530 |
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): | 31.38 | |
| MACD (12,26,9): | -0.0093 | |
| Directional Movement: | -17.5087 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 6.0199 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0258 | |
| Elder Ray (13): | -0.0144 | |
| Super Trend (3,10): | 6.0390 | |
| Zig ZAG (10): | 6.0091 | |
| VORTEX (21): | 0.7386 | |
| Stochastique (14,3,5): | 13.28 | |
| TEMA (21): | 6.0105 | |
| Williams %R (14): | -76.79 | |
| Chande Momentum Oscillator (20): | -0.0183 | |
| Repulse (5,40,3): | -0.1349 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0166 | |
| Courbe Coppock: | 0.80 |
| MA7: | 6.0002 | |
| MA20: | 6.0304 | |
| MA50: | 6.0458 | |
| MA100: | 6.0445 | |
| MAexp7: | 6.0210 | |
| MAexp20: | 6.0300 | |
| MAexp50: | 6.0331 | |
| MAexp100: | 6.0231 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.12% |
Quotes :
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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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