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
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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 6.0799 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.
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 5.9961 | 6.0136 | 6.0253 | 6.0428 | 6.0545 | 6.0720 | 6.0837 |
Camarilla | 6.0290 | 6.0317 | 6.0343 | 6.0370 | 6.0397 | 6.0424 | 6.0450 |
Woodie | 5.9932 | 6.0122 | 6.0224 | 6.0414 | 6.0516 | 6.0706 | 6.0808 |
Fibonacci | 6.0136 | 6.0248 | 6.0317 | 6.0428 | 6.0540 | 6.0609 | 6.0720 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.8986 | 5.9366 | 5.9975 | 6.0355 | 6.0964 | 6.1344 | 6.1953 |
Camarilla | 6.0313 | 6.0404 | 6.0494 | 6.0585 | 6.0676 | 6.0766 | 6.0857 |
Woodie | 5.9102 | 5.9423 | 6.0091 | 6.0412 | 6.1080 | 6.1401 | 6.2069 |
Fibonacci | 5.9366 | 5.9744 | 5.9977 | 6.0355 | 6.0733 | 6.0966 | 6.1344 |
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 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
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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