NOK/PLN - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.3866 PLN
My targets
0.3900 PLN (+0.0012)
0.3927 PLN (+0.0039)
My analysis
The strong short-term increase in NOK/PLN calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.3866 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.3900 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3927 PLN as an objective. Crossing it would then enable buyers to target 0.3967 PLN. Caution, a return under 0.3866 PLN could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7
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Additional analysis
Quotes
The NOK/PLN price is 0.3888 PLN. The price has increased by +0.41% since the last closing and was between 0.3852 PLN and 0.3891 PLN. This implies that the price is at +0.93% from its lowest and at -0.08% from its highest.0.3852
0.3891
0.3888
Here is a more detailed summary of the historical variations registered by NOK/PLN:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/PLN indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals 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 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.3761 | 0.3847 | 0.3866 | 0.3888 | 0.3900 | 0.3927 | 0.3967 |
| Change (%) | -3.27% | -1.05% | -0.57% | - | +0.31% | +1.00% | +2.03% |
| Change | -0.0127 | -0.0041 | -0.0022 | - | +0.0012 | +0.0039 | +0.0079 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3820 | 0.3841 | 0.3857 | 0.3878 | 0.3894 | 0.3915 | 0.3931 |
| Camarilla | 0.3862 | 0.3865 | 0.3869 | 0.3872 | 0.3875 | 0.3879 | 0.3882 |
| Woodie | 0.3817 | 0.3840 | 0.3854 | 0.3877 | 0.3891 | 0.3914 | 0.3928 |
| Fibonacci | 0.3841 | 0.3856 | 0.3864 | 0.3878 | 0.3893 | 0.3901 | 0.3915 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3700 | 0.3783 | 0.3834 | 0.3917 | 0.3968 | 0.4051 | 0.4102 |
| Camarilla | 0.3847 | 0.3859 | 0.3872 | 0.3884 | 0.3896 | 0.3909 | 0.3921 |
| Woodie | 0.3683 | 0.3775 | 0.3817 | 0.3909 | 0.3951 | 0.4043 | 0.4085 |
| Fibonacci | 0.3783 | 0.3835 | 0.3866 | 0.3917 | 0.3969 | 0.4000 | 0.4051 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3577 | 0.3675 | 0.3815 | 0.3913 | 0.4053 | 0.4151 | 0.4291 |
| Camarilla | 0.3889 | 0.3910 | 0.3932 | 0.3954 | 0.3976 | 0.3998 | 0.4020 |
| Woodie | 0.3597 | 0.3686 | 0.3835 | 0.3924 | 0.4073 | 0.4162 | 0.4311 |
| Fibonacci | 0.3675 | 0.3766 | 0.3822 | 0.3913 | 0.4004 | 0.4060 | 0.4151 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.23 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 9.7674 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.3868 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3853 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 0.3889 | |
| Zig ZAG (10): | 0.3884 | |
| VORTEX (21): | 0.9623 | |
| Stochastique (14,3,5): | 64.82 | |
| TEMA (21): | 0.3870 | |
| Williams %R (14): | -8.57 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.4190 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0212 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.3906 | |
| MA20: | 0.3944 | |
| MA50: | 0.3890 | |
| MA100: | 0.3907 | |
| MAexp7: | 0.3873 | |
| MAexp20: | 0.3873 | |
| MAexp50: | 0.3882 | |
| MAexp100: | 0.3895 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.49% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -0.18% |
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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