GBP/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPNOK
ISIN:

GBP/NOK - 1H - Technical analysis published on 02/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 13.3235 NOK

My targets

13.4314 NOK (+0.0564)

13.4569 NOK (+0.0819)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/NOK as long as the price remains well above 13.3235 NOK. The buyers' bullish objective is set at 13.4314 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.4569 NOK. If there is any crossing, the next objective would be the resistance located at 13.5535 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

Comment on the analysis

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 nastar1970. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/NOK rating is 13.3750 NOK. The price registered an increase of +0.59% on the session and was traded between 13.2879 NOK and 13.3848 NOK over the period. The price is currently at +0.66% from its lowest and -0.07% from its highest.

13.2879

13.3848

13.3750

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 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 GBP/NOK indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.2687	13.2928	13.3235	13.3750	13.4314	13.4569	13.5535
Change (%)	-0.79%	-0.61%	-0.39%	-	+0.42%	+0.61%	+1.33%
Change	-0.1063	-0.0822	-0.0515	-	+0.0564	+0.0819	+0.1785
Level	Major	Minor	Major	-	Minor	Major	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	13.1127	13.1565	13.2265	13.2703	13.3403	13.3841	13.4541
Camarilla	13.2652	13.2756	13.2861	13.2965	13.3069	13.3174	13.3278
Woodie	13.1258	13.1631	13.2396	13.2769	13.3534	13.3907	13.4672
Fibonacci	13.1565	13.2000	13.2268	13.2703	13.3138	13.3406	13.3841

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.8963	13.0549	13.1398	13.2984	13.3833	13.5419	13.6268
Camarilla	13.1576	13.1800	13.2023	13.2246	13.2469	13.2692	13.2916
Woodie	12.8594	13.0365	13.1029	13.2800	13.3464	13.5235	13.5899
Fibonacci	13.0549	13.1480	13.2054	13.2984	13.3915	13.4489	13.5419

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.5552	12.7321	13.0345	13.2114	13.5138	13.6907	13.9931
Camarilla	13.2052	13.2491	13.2931	13.3370	13.3809	13.4249	13.4688
Woodie	12.6181	12.7635	13.0974	13.2428	13.5767	13.7221	14.0560
Fibonacci	12.7321	12.9152	13.0283	13.2114	13.3945	13.5076	13.6907

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):	75.10
MACD (12,26,9):	0.0254
Directional Movement:	24.7726
AROON (14):	42.8571
DEMA (21):	13.3571
Parabolic SAR (0,02-0,02-0,2):	13.3121
Elder Ray (13):	0.0257
Super Trend (3,10):	13.3111
Zig ZAG (10):	13.3845
VORTEX (21):	1.1574
Stochastique (14,3,5):	76.49
TEMA (21):	13.3686
Williams %R (14):	-2.17
Chande Momentum Oscillator (20):	0.0796
Repulse (5,40,3):	0.3349
ROCnROLL:	1
TRIX (15,9):	0.0232
Courbe Coppock:	0.82

MA7:	13.2664
MA20:	13.3119
MA50:	13.2227
MA100:	13.3780
MAexp7:	13.3544
MAexp20:	13.3249
MAexp50:	13.2912
MAexp100:	13.2740
Price / MA7:	+0.82%
Price / MA20:	+0.47%
Price / MA50:	+1.15%
Price / MA100:	-0.02%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.63%
Price / MAexp100:	+0.76%

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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