NOK/PLN

- PLN (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NOKPLN
ISIN:

NOK/PLN - 1H - Technical analysis published on 04/26/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

39%

My opinion

Bearish under 0.3677 PLN

My targets

0.3642 PLN (-0.0024)

0.3604 PLN (-0.0062)

My analysis

The bearish trend is currently very strong for NOK/PLN. As long as the price remains below the resistance at 0.3677 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.3642 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.3604 PLN as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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

The NOK/PLN price is 0.3666 PLN. On the day, this instrument lost -0.06% and was traded between 0.3659 PLN and 0.3677 PLN over the period. The price is currently at +0.19% from its lowest and -0.30% from its highest.

0.3659

0.3677

0.3666

Here is a more detailed summary of the historical variations registered by NOK/PLN:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

A technical analysis in 1H of this NOK/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.3604	0.3664	0.3666	0.3677	0.3701	0.3717
Change (%)	-1.69%	-0.05%	-	+0.30%	+0.95%	+1.39%
Change	-0.0062	-0.0002	-	+0.0011	+0.0035	+0.0051
Level	Major	Major	-	Minor	Intermediate	Minor

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	0.3638	0.3653	0.3660	0.3675	0.3682	0.3697	0.3704
Camarilla	0.3662	0.3664	0.3666	0.3668	0.3670	0.3672	0.3674
Woodie	0.3635	0.3651	0.3657	0.3673	0.3679	0.3695	0.3701
Fibonacci	0.3653	0.3661	0.3666	0.3675	0.3683	0.3688	0.3697

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3560	0.3612	0.3642	0.3694	0.3724	0.3776	0.3806
Camarilla	0.3649	0.3656	0.3664	0.3671	0.3679	0.3686	0.3694
Woodie	0.3548	0.3607	0.3630	0.3689	0.3712	0.3771	0.3794
Fibonacci	0.3612	0.3644	0.3663	0.3694	0.3726	0.3745	0.3776

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3476	0.3564	0.3624	0.3712	0.3772	0.3860	0.3920
Camarilla	0.3643	0.3657	0.3670	0.3684	0.3698	0.3711	0.3725
Woodie	0.3462	0.3557	0.3610	0.3705	0.3758	0.3853	0.3906
Fibonacci	0.3564	0.3621	0.3656	0.3712	0.3769	0.3804	0.3860

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):	42.29
MACD (12,26,9):	-0.0002
Directional Movement:	-6.5917
AROON (14):	-42.8571
DEMA (21):	0.3665
Parabolic SAR (0,02-0,02-0,2):	0.3673
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.3682
Zig ZAG (10):	0.3666
VORTEX (21):	0.9344
Stochastique (14,3,5):	48.15
TEMA (21):	0.3666
Williams %R (14):	-61.11
Chande Momentum Oscillator (20):	-0.0003
Repulse (5,40,3):	0.0544
ROCnROLL:	2
TRIX (15,9):	-0.0113
Courbe Coppock:	0.13

MA7:	0.3680
MA20:	0.3684
MA50:	0.3723
MA100:	0.3769
MAexp7:	0.3667
MAexp20:	0.3669
MAexp50:	0.3674
MAexp100:	0.3679
Price / MA7:	-0.38%
Price / MA20:	-0.49%
Price / MA50:	-1.53%
Price / MA100:	-2.73%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.22%
Price / MAexp100:	-0.35%

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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Londinia AI

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