NOK/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NOKPLN
ISIN:

NOK/PLN - 1H - Technical analysis published on 01/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

11%

My opinion

Bullish above 0.3834 PLN

My targets

0.3852 PLN (+0.0013)

0.3865 PLN (+0.0026)

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 0.3834 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.3852 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3865 PLN as an objective. Crossing it would then enable buyers to target 0.3880 PLN. Caution, a return under 0.3834 PLN could jeopardize the reversal.

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

2.9

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

Additional analysis

Quotes

NOK/PLN rating 0.3839 PLN. The price has increased by +0.55% since the last closing and was between 0.3810 PLN and 0.3847 PLN. This implies that the price is at +0.76% from its lowest and at -0.21% from its highest.

0.3810

0.3847

0.3839

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

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

A technical analysis in 1H of this NOK/PLN chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.3761	0.3807	0.3837	0.3839	0.3852	0.3865	0.3880
Change (%)	-2.03%	-0.83%	-0.05%	-	+0.34%	+0.68%	+1.07%
Change	-0.0078	-0.0032	-0.0002	-	+0.0013	+0.0026	+0.0041
Level	Intermediate	Intermediate	Minor	-	Major	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	0.3741	0.3774	0.3796	0.3829	0.3851	0.3884	0.3906
Camarilla	0.3803	0.3808	0.3813	0.3818	0.3823	0.3828	0.3833
Woodie	0.3736	0.3771	0.3791	0.3826	0.3846	0.3881	0.3901
Fibonacci	0.3774	0.3795	0.3808	0.3829	0.3850	0.3863	0.3884

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3783	0.3810	0.3834	0.3861	0.3885	0.3912	0.3936
Camarilla	0.3845	0.3850	0.3854	0.3859	0.3864	0.3868	0.3873
Woodie	0.3783	0.3809	0.3834	0.3860	0.3885	0.3911	0.3936
Fibonacci	0.3810	0.3829	0.3841	0.3861	0.3880	0.3892	0.3912

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3473	0.3558	0.3714	0.3799	0.3955	0.4040	0.4196
Camarilla	0.3803	0.3825	0.3847	0.3869	0.3891	0.3913	0.3935
Woodie	0.3508	0.3576	0.3749	0.3817	0.3990	0.4058	0.4231
Fibonacci	0.3558	0.3650	0.3707	0.3799	0.3891	0.3948	0.4040

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):	58.43
MACD (12,26,9):	0.0002
Directional Movement:	6.3901
AROON (14):	28.5714
DEMA (21):	0.3829
Parabolic SAR (0,02-0,02-0,2):	0.3824
Elder Ray (13):	0.0007
Super Trend (3,10):	0.3814
Zig ZAG (10):	0.3839
VORTEX (21):	1.1325
Stochastique (14,3,5):	72.07
TEMA (21):	0.3836
Williams %R (14):	-24.32
Chande Momentum Oscillator (20):	0.0025
Repulse (5,40,3):	0.1342
ROCnROLL:	1
TRIX (15,9):	-0.0024
Courbe Coppock:	0.79

MA7:	0.3851
MA20:	0.3810
MA50:	0.3757
MA100:	0.3849
MAexp7:	0.3834
MAexp20:	0.3828
MAexp50:	0.3832
MAexp100:	0.3840
Price / MA7:	-0.31%
Price / MA20:	+0.76%
Price / MA50:	+2.18%
Price / MA100:	-0.26%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.18%
Price / MAexp100:	-0.03%

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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