NOK/PLN - 1H - Technical analysis published on 05/17/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.3878 PLN
My targets
0.3847 PLN (-0.0018)
0.3784 PLN (-0.0081)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.3878 PLN remains possible. It is advisable to trade NOK/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.3878 PLN. The next bearish objective for sellers is set at 0.3847 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.3784 PLN. In case of crossing, the next objective would be the support located at 0.3604 PLN. PS: if there is a bullish break in the resistance located at 0.3878 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5
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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 NOK/PLN price is 0.3865 PLN. The price has increased by +0.18% since the last closing and was between 0.3854 PLN and 0.3866 PLN. This implies that the price is at +0.29% from its lowest and at -0.03% from its highest.0.3854
0.3866
0.3865
A study of price movements over other periods shows the following variations:
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 NOK/PLN in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.3604 | 0.3847 | 0.3865 | 0.3878 | 0.3912 | 0.3935 |
| Change (%) | -6.75% | -0.47% | - | +0.34% | +1.22% | +1.81% |
| Change | -0.0261 | -0.0018 | - | +0.0013 | +0.0047 | +0.0070 |
| Level | Major | Major | - | Minor | Intermediate | 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 | 0.3770 | 0.3809 | 0.3834 | 0.3873 | 0.3898 | 0.3937 | 0.3962 |
| Camarilla | 0.3840 | 0.3846 | 0.3852 | 0.3858 | 0.3864 | 0.3870 | 0.3876 |
| Woodie | 0.3762 | 0.3806 | 0.3826 | 0.3870 | 0.3890 | 0.3934 | 0.3954 |
| Fibonacci | 0.3809 | 0.3834 | 0.3849 | 0.3873 | 0.3898 | 0.3913 | 0.3937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3784 | 0.3831 | 0.3864 | 0.3911 | 0.3944 | 0.3991 | 0.4024 |
| Camarilla | 0.3875 | 0.3882 | 0.3890 | 0.3897 | 0.3904 | 0.3912 | 0.3919 |
| Woodie | 0.3777 | 0.3828 | 0.3857 | 0.3908 | 0.3937 | 0.3988 | 0.4017 |
| Fibonacci | 0.3831 | 0.3862 | 0.3880 | 0.3911 | 0.3942 | 0.3960 | 0.3991 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3488 | 0.3679 | 0.3791 | 0.3982 | 0.4094 | 0.4285 | 0.4397 |
| Camarilla | 0.3820 | 0.3848 | 0.3875 | 0.3903 | 0.3931 | 0.3959 | 0.3986 |
| Woodie | 0.3449 | 0.3659 | 0.3752 | 0.3962 | 0.4055 | 0.4265 | 0.4358 |
| Fibonacci | 0.3679 | 0.3795 | 0.3866 | 0.3982 | 0.4098 | 0.4169 | 0.4285 |
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): | 44.87 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -4.2492 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 0.3854 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3851 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.3875 | |
| Zig ZAG (10): | 0.3863 | |
| VORTEX (21): | 0.8556 | |
| Stochastique (14,3,5): | 53.70 | |
| TEMA (21): | 0.3852 | |
| Williams %R (14): | -27.78 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0520 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0399 | |
| Courbe Coppock: | 0.58 |
| MA7: | 0.3896 | |
| MA20: | 0.3909 | |
| MA50: | 0.4031 | |
| MA100: | 0.4187 | |
| MAexp7: | 0.3860 | |
| MAexp20: | 0.3865 | |
| MAexp50: | 0.3879 | |
| MAexp100: | 0.3890 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -4.12% | |
| Price / MA100: | -7.69% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.64% |
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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