NZD/SEK - 1H - Technical analysis published on 08/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 6.0893 SEK
My targets
6.0454 SEK (-0.0316)
6.0039 SEK (-0.0731)
My analysis
The strong short-term decrease of NZD/SEK should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 6.0893 SEK, a sale could be considered. The first bearish objective is located at 6.0454 SEK. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 6.0039 SEK. If there is any crossing, the next objective would be support 5.9875 SEK. Caution, if there is a return to above 6.0893 SEK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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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
The NZD/SEK price is 6.0770 SEK. The price is lower by -0.18% since the last closing and was traded between 6.0680 SEK and 6.0921 SEK over the period. The price is currently at +0.15% from its lowest and -0.25% from its highest.6.0680
6.0921
6.0770
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/SEK:
Technical
Technical analysis of this 1H chart of NZD/SEK indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9875 | 6.0039 | 6.0722 | 6.0770 | 6.0893 | 6.1030 | 6.1224 |
| Change (%) | -1.47% | -1.20% | -0.08% | - | +0.20% | +0.43% | +0.75% |
| Change | -0.0895 | -0.0731 | -0.0048 | - | +0.0123 | +0.0260 | +0.0454 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0219 | 6.0411 | 6.0645 | 6.0837 | 6.1071 | 6.1263 | 6.1497 |
| Camarilla | 6.0761 | 6.0800 | 6.0839 | 6.0878 | 6.0917 | 6.0956 | 6.0995 |
| Woodie | 6.0239 | 6.0422 | 6.0665 | 6.0848 | 6.1091 | 6.1274 | 6.1517 |
| Fibonacci | 6.0411 | 6.0574 | 6.0675 | 6.0837 | 6.1000 | 6.1101 | 6.1263 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8818 | 5.9261 | 6.0011 | 6.0454 | 6.1204 | 6.1647 | 6.2397 |
| Camarilla | 6.0433 | 6.0542 | 6.0652 | 6.0761 | 6.0870 | 6.0980 | 6.1089 |
| Woodie | 5.8972 | 5.9338 | 6.0165 | 6.0531 | 6.1358 | 6.1724 | 6.2551 |
| Fibonacci | 5.9261 | 5.9717 | 5.9998 | 6.0454 | 6.0910 | 6.1191 | 6.1647 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7893 | 5.8698 | 5.9315 | 6.0120 | 6.0737 | 6.1542 | 6.2159 |
| Camarilla | 5.9540 | 5.9670 | 5.9801 | 5.9931 | 6.0061 | 6.0192 | 6.0322 |
| Woodie | 5.7798 | 5.8651 | 5.9220 | 6.0073 | 6.0642 | 6.1495 | 6.2064 |
| Fibonacci | 5.8698 | 5.9242 | 5.9577 | 6.0120 | 6.0664 | 6.0999 | 6.1542 |
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): | 41.69 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -11.7229 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 6.0808 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0850 | |
| Elder Ray (13): | -0.0052 | |
| Super Trend (3,10): | 6.0949 | |
| Zig ZAG (10): | 6.0725 | |
| VORTEX (21): | 0.9213 | |
| Stochastique (14,3,5): | 18.02 | |
| TEMA (21): | 6.0747 | |
| Williams %R (14): | -73.11 | |
| Chande Momentum Oscillator (20): | -0.0143 | |
| Repulse (5,40,3): | -0.0023 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.54 |
| MA7: | 6.0629 | |
| MA20: | 6.0447 | |
| MA50: | 6.0043 | |
| MA100: | 6.0245 | |
| MAexp7: | 6.0763 | |
| MAexp20: | 6.0826 | |
| MAexp50: | 6.0812 | |
| MAexp100: | 6.0712 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.10% |
Quotes :
-
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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