NZD/SEK - 1H - Technical analysis published on 06/19/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 6.6250 SEK
My targets
6.6572 SEK (+0.0133)
6.6733 SEK (+0.0294)
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 6.6250 SEK. The next resistance located at 6.6572 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 6.6733 SEK. After this resistance, buyers could then target 6.7259 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/SEK price is 6.6439 SEK. On the day, this instrument gained +0.00% and was between 6.6213 SEK and 6.6612 SEK. This implies that the price is at +0.34% from its lowest and at -0.26% from its highest.6.6213
6.6612
6.6439
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
Here is a more detailed summary of the historical variations registered by NZD/SEK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/SEK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.5936 | 6.6058 | 6.6250 | 6.6439 | 6.6572 | 6.6733 | 6.7259 |
| Change (%) | -0.76% | -0.57% | -0.28% | - | +0.20% | +0.44% | +1.23% |
| Change | -0.0503 | -0.0381 | -0.0189 | - | +0.0133 | +0.0294 | +0.0820 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 | 6.5412 | 6.5637 | 6.6038 | 6.6263 | 6.6664 | 6.6889 | 6.7290 |
| Camarilla | 6.6268 | 6.6325 | 6.6383 | 6.6440 | 6.6497 | 6.6555 | 6.6612 |
| Woodie | 6.5501 | 6.5681 | 6.6127 | 6.6307 | 6.6753 | 6.6933 | 6.7379 |
| Fibonacci | 6.5637 | 6.5876 | 6.6024 | 6.6263 | 6.6502 | 6.6650 | 6.6889 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4444 | 6.4961 | 6.5700 | 6.6217 | 6.6956 | 6.7473 | 6.8212 |
| Camarilla | 6.6095 | 6.6210 | 6.6325 | 6.6440 | 6.6555 | 6.6670 | 6.6785 |
| Woodie | 6.4556 | 6.5017 | 6.5812 | 6.6273 | 6.7068 | 6.7529 | 6.8324 |
| Fibonacci | 6.4961 | 6.5441 | 6.5737 | 6.6217 | 6.6697 | 6.6993 | 6.7473 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0275 | 6.1779 | 6.3544 | 6.5048 | 6.6813 | 6.8317 | 7.0082 |
| Camarilla | 6.4409 | 6.4709 | 6.5008 | 6.5308 | 6.5608 | 6.5907 | 6.6207 |
| Woodie | 6.0405 | 6.1844 | 6.3674 | 6.5113 | 6.6943 | 6.8382 | 7.0212 |
| Fibonacci | 6.1779 | 6.3028 | 6.3800 | 6.5048 | 6.6297 | 6.7069 | 6.8317 |
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): | 56.81 | |
| MACD (12,26,9): | 0.0075 | |
| Directional Movement: | 8.8211 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 6.6451 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6257 | |
| Elder Ray (13): | 0.0039 | |
| Super Trend (3,10): | 6.6072 | |
| Zig ZAG (10): | 6.6482 | |
| VORTEX (21): | 1.1429 | |
| Stochastique (14,3,5): | 76.41 | |
| TEMA (21): | 6.6498 | |
| Williams %R (14): | -34.34 | |
| Chande Momentum Oscillator (20): | 0.0136 | |
| Repulse (5,40,3): | 0.1693 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0134 | |
| Courbe Coppock: | 0.38 |
| MA7: | 6.6269 | |
| MA20: | 6.5894 | |
| MA50: | 6.4947 | |
| MA100: | 6.5161 | |
| MAexp7: | 6.6445 | |
| MAexp20: | 6.6354 | |
| MAexp50: | 6.6269 | |
| MAexp100: | 6.6213 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.35% |
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
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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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