NZD/SEK
NZD SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDSEK
ISIN:

NZD/SEK - Daily - Technical analysis published on 08/31/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.0169 SEK
My targets
6.1132 SEK (+0.0333)
6.1566 SEK (+0.0767)
My analysis
NZD/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.0169 SEK. The next resistance located at 6.1132 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.1566 SEK. After this resistance, buyers could then target 6.2378 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

NZD/SEK rating 6.0799 SEK. On the day, this instrument gained +0.71% with the lowest point at 6.0365 SEK and the highest point at 6.0864 SEK. The deviation from the price is +0.72% for the low point and -0.11% for the high point.

6.0365
6.0864
6.0799

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in Daily of this NZD/SEK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near resistance of triangle

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.9297 6.0169 6.0601 6.0799 6.1132 6.1566 6.2378
Change (%) -2.47% -1.04% -0.33% - +0.55% +1.26% +2.60%
Change -0.1502 -0.0630 -0.0198 - +0.0333 +0.0767 +0.1579
Level Major Major Major - Intermediate Major 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
Standard5.99616.01366.02536.04286.05456.07206.0837
Camarilla6.02906.03176.03436.03706.03976.04246.0450
Woodie5.99326.01226.02246.04146.05166.07066.0808
Fibonacci6.01366.02486.03176.04286.05406.06096.0720


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.89865.93665.99756.03556.09646.13446.1953
Camarilla6.03136.04046.04946.05856.06766.07666.0857
Woodie5.91025.94236.00916.04126.10806.14016.2069
Fibonacci5.93665.97445.99776.03556.07336.09666.1344


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.78935.86985.93156.01206.07376.15426.2159
Camarilla5.95405.96705.98015.99316.00616.01926.0322
Woodie5.77985.86515.92206.00736.06426.14956.2064
Fibonacci5.86985.92425.95776.01206.06646.09996.1542

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): 56.91
MACD (12,26,9): 0.0037
Directional Movement: 0.4157
AROON (14): -57.1429
DEMA (21): 6.0535
Parabolic SAR (0,02-0,02-0,2): 5.9745
Elder Ray (13): 0.0125
Super Trend (3,10): 5.9977
Zig ZAG (10): 6.0811
VORTEX (21): 1.0712
Stochastique (14,3,5): 53.91
TEMA (21): 6.0494
Williams %R (14): -27.20
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): 0.9195
ROCnROLL: 1
TRIX (15,9): 0.0099
Courbe Coppock: 1.21
MA7: 6.0452
MA20: 6.0586
MA50: 6.0333
MA100: 6.0227
MAexp7: 6.0526
MAexp20: 6.0474
MAexp50: 6.0368
MAexp100: 6.0274
Price / MA7: +0.57%
Price / MA20: +0.35%
Price / MA50: +0.77%
Price / MA100: +0.95%
Price / MAexp7: +0.45%
Price / MAexp20: +0.54%
Price / MAexp50: +0.71%
Price / MAexp100: +0.87%

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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