NZD/SEK - 1H - Technical analysis published on 06/28/2021 (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
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 6.0039 SEK
My targets
5.9691 SEK (-0.0181)
5.9464 SEK (-0.0408)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on NZD/SEK as long as the price remains well below 6.0039 SEK. The next bearish objective for sellers is set at 5.9691 SEK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.9464 SEK. In case of crossing, the next objective would be the support located at 5.8299 SEK.
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
3.8
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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 5.9872 SEK. The price registered a decrease of -0.27% on the session and was between 5.9736 SEK and 6.0149 SEK. This implies that the price is at +0.23% from its lowest and at -0.46% from its highest.5.9736
6.0149
5.9872
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NZD/SEK in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9464 | 5.9691 | 5.9816 | 5.9872 | 6.0039 | 6.0169 | 6.0722 |
| Change (%) | -0.68% | -0.30% | -0.09% | - | +0.28% | +0.50% | +1.42% |
| Change | -0.0408 | -0.0181 | -0.0056 | - | +0.0167 | +0.0297 | +0.0850 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 5.9627 | 5.9721 | 5.9879 | 5.9973 | 6.0131 | 6.0225 | 6.0383 |
| Camarilla | 5.9967 | 5.9990 | 6.0013 | 6.0036 | 6.0059 | 6.0082 | 6.0105 |
| Woodie | 5.9658 | 5.9737 | 5.9910 | 5.9989 | 6.0162 | 6.0241 | 6.0414 |
| Fibonacci | 5.9721 | 5.9818 | 5.9877 | 5.9973 | 6.0070 | 6.0129 | 6.0225 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8938 | 5.9171 | 5.9603 | 5.9836 | 6.0268 | 6.0501 | 6.0933 |
| Camarilla | 5.9853 | 5.9914 | 5.9975 | 6.0036 | 6.0097 | 6.0158 | 6.0219 |
| Woodie | 5.9039 | 5.9221 | 5.9704 | 5.9886 | 6.0369 | 6.0551 | 6.1034 |
| Fibonacci | 5.9171 | 5.9425 | 5.9582 | 5.9836 | 6.0090 | 6.0247 | 6.0501 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7596 | 5.8554 | 5.9415 | 6.0373 | 6.1234 | 6.2192 | 6.3053 |
| Camarilla | 5.9776 | 5.9943 | 6.0109 | 6.0276 | 6.0443 | 6.0610 | 6.0776 |
| Woodie | 5.7548 | 5.8530 | 5.9367 | 6.0349 | 6.1186 | 6.2168 | 6.3005 |
| Fibonacci | 5.8554 | 5.9249 | 5.9678 | 6.0373 | 6.1068 | 6.1497 | 6.2192 |
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): | 35.62 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -13.2679 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 6.0008 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0113 | |
| Elder Ray (13): | -0.0148 | |
| Super Trend (3,10): | 6.0137 | |
| Zig ZAG (10): | 5.9876 | |
| VORTEX (21): | 0.9492 | |
| Stochastique (14,3,5): | 15.66 | |
| TEMA (21): | 5.9967 | |
| Williams %R (14): | -66.59 | |
| Chande Momentum Oscillator (20): | -0.0191 | |
| Repulse (5,40,3): | -0.1638 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0114 | |
| Courbe Coppock: | 0.11 |
| MA7: | 5.9767 | |
| MA20: | 5.9646 | |
| MA50: | 6.0079 | |
| MA100: | 6.0382 | |
| MAexp7: | 5.9996 | |
| MAexp20: | 5.9983 | |
| MAexp50: | 5.9930 | |
| MAexp100: | 5.9856 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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