NZD/SEK - 1H - Technical analysis published on 10/06/2021 (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
22%
56%
22%
My opinion
Bearish under 6.0796 SEK
My targets
6.0604 SEK (-0.0069)
6.0370 SEK (-0.0303)
My analysis
NZD/SEK is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 6.0796 SEK, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 6.0604 SEK. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 6.0370 SEK would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 6.0244 SEK. Beware of a possible return to above the resistance located at 6.0796 SEK which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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 6.0673 SEK. On the day, this instrument lost -0.23% with the lowest point at 6.0634 SEK and the highest point at 6.1036 SEK. The deviation from the price is +0.06% for the low point and -0.59% for the high point.6.0634
6.1036
6.0673
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NZD/SEK chart shows a slightly bearish trend. 57.14% 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0244 | 6.0370 | 6.0604 | 6.0673 | 6.0722 | 6.0796 | 6.0916 |
| Change (%) | -0.71% | -0.50% | -0.11% | - | +0.08% | +0.20% | +0.40% |
| Change | -0.0429 | -0.0303 | -0.0069 | - | +0.0049 | +0.0123 | +0.0243 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0369 | 6.0503 | 6.0656 | 6.0790 | 6.0943 | 6.1077 | 6.1230 |
| Camarilla | 6.0731 | 6.0757 | 6.0784 | 6.0810 | 6.0836 | 6.0863 | 6.0889 |
| Woodie | 6.0380 | 6.0508 | 6.0667 | 6.0795 | 6.0954 | 6.1082 | 6.1241 |
| Fibonacci | 6.0503 | 6.0612 | 6.0680 | 6.0790 | 6.0899 | 6.0967 | 6.1077 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9359 | 5.9801 | 6.0263 | 6.0705 | 6.1167 | 6.1609 | 6.2071 |
| Camarilla | 6.0477 | 6.0560 | 6.0643 | 6.0726 | 6.0809 | 6.0892 | 6.0975 |
| Woodie | 5.9370 | 5.9806 | 6.0274 | 6.0710 | 6.1178 | 6.1614 | 6.2082 |
| Fibonacci | 5.9801 | 6.0146 | 6.0359 | 6.0705 | 6.1050 | 6.1263 | 6.1609 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8512 | 5.9377 | 5.9903 | 6.0768 | 6.1294 | 6.2159 | 6.2685 |
| Camarilla | 6.0047 | 6.0174 | 6.0302 | 6.0429 | 6.0557 | 6.0684 | 6.0812 |
| Woodie | 5.8343 | 5.9292 | 5.9734 | 6.0683 | 6.1125 | 6.2074 | 6.2516 |
| Fibonacci | 5.9377 | 5.9908 | 6.0237 | 6.0768 | 6.1299 | 6.1628 | 6.2159 |
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): | 37.32 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | 1.4683 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 6.0755 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0998 | |
| Elder Ray (13): | -0.0077 | |
| Super Trend (3,10): | 6.0620 | |
| Zig ZAG (10): | 6.0688 | |
| VORTEX (21): | 0.9701 | |
| Stochastique (14,3,5): | 9.57 | |
| TEMA (21): | 6.0720 | |
| Williams %R (14): | -83.58 | |
| Chande Momentum Oscillator (20): | -0.0162 | |
| Repulse (5,40,3): | -0.0829 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.34 |
| MA7: | 6.0665 | |
| MA20: | 6.0893 | |
| MA50: | 6.0727 | |
| MA100: | 6.0346 | |
| MAexp7: | 6.0721 | |
| MAexp20: | 6.0772 | |
| MAexp50: | 6.0757 | |
| MAexp100: | 6.0724 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.08% |
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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