NZD/SEK - 1H - Technical analysis published on 10/04/2023 (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:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6.5298 SEK
My targets
6.5635 SEK (+0.0159)
6.5936 SEK (+0.0460)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NZD/SEK as long as the price remains well above 6.5298 SEK. The buyers' bullish objective is set at 6.5635 SEK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.5936 SEK. If there is any crossing, the next objective would be the resistance located at 6.6130 SEK.
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
5.4
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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 rating is 6.5476 SEK. On the day, this instrument lost -0.05% with the lowest point at 6.5058 SEK and the highest point at 6.5595 SEK. The deviation from the price is +0.64% for the low point and -0.18% for the high point.6.5058
6.5595
6.5476
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/SEK indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 6.4531 | 6.5047 | 6.5298 | 6.5476 | 6.5635 | 6.5936 | 6.6130 |
| Change (%) | -1.44% | -0.66% | -0.27% | - | +0.24% | +0.70% | +1.00% |
| Change | -0.0945 | -0.0429 | -0.0178 | - | +0.0159 | +0.0460 | +0.0654 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 6.4622 | 6.4894 | 6.5201 | 6.5473 | 6.5780 | 6.6052 | 6.6359 |
| Camarilla | 6.5350 | 6.5403 | 6.5456 | 6.5509 | 6.5562 | 6.5615 | 6.5668 |
| Woodie | 6.4641 | 6.4903 | 6.5220 | 6.5482 | 6.5799 | 6.6061 | 6.6378 |
| Fibonacci | 6.4894 | 6.5115 | 6.5252 | 6.5473 | 6.5694 | 6.5831 | 6.6052 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3449 | 6.4230 | 6.4858 | 6.5639 | 6.6267 | 6.7048 | 6.7676 |
| Camarilla | 6.5098 | 6.5227 | 6.5356 | 6.5485 | 6.5614 | 6.5743 | 6.5873 |
| Woodie | 6.3372 | 6.4192 | 6.4781 | 6.5601 | 6.6190 | 6.7010 | 6.7599 |
| Fibonacci | 6.4230 | 6.4769 | 6.5101 | 6.5639 | 6.6178 | 6.6510 | 6.7048 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2889 | 6.3950 | 6.4718 | 6.5779 | 6.6547 | 6.7608 | 6.8376 |
| Camarilla | 6.4982 | 6.5150 | 6.5317 | 6.5485 | 6.5653 | 6.5820 | 6.5988 |
| Woodie | 6.2742 | 6.3877 | 6.4571 | 6.5706 | 6.6400 | 6.7535 | 6.8229 |
| Fibonacci | 6.3950 | 6.4649 | 6.5081 | 6.5779 | 6.6478 | 6.6910 | 6.7608 |
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): | 55.86 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 3.3084 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 6.5395 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5179 | |
| Elder Ray (13): | 0.0080 | |
| Super Trend (3,10): | 6.5558 | |
| Zig ZAG (10): | 6.5487 | |
| VORTEX (21): | 1.1037 | |
| Stochastique (14,3,5): | 85.81 | |
| TEMA (21): | 6.5432 | |
| Williams %R (14): | -8.82 | |
| Chande Momentum Oscillator (20): | 0.0212 | |
| Repulse (5,40,3): | 0.0799 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0049 | |
| Courbe Coppock: | 0.34 |
| MA7: | 6.5459 | |
| MA20: | 6.5764 | |
| MA50: | 6.5282 | |
| MA100: | 6.5548 | |
| MAexp7: | 6.5432 | |
| MAexp20: | 6.5403 | |
| MAexp50: | 6.5431 | |
| MAexp100: | 6.5482 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
-
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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