NZD/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDNOK
ISIN:

NZD/NOK - Daily - Technical analysis published on 05/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 6.5353 NOK

My targets

6.7049 NOK (+0.0382)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/NOK as long as the price remains well above 6.5353 NOK. The buyers' bullish objective is set at 6.7049 NOK. A bullish break in this resistance would boost the bullish momentum. 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

8.4

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

NZD/NOK rating 6.6667 NOK. The price has increased by +0.14% since the last closing with the lowest point at 6.6567 NOK and the highest point at 6.6676 NOK. The deviation from the price is +0.15% for the low point and -0.01% for the high point.

6.6567

6.6676

6.6667

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NZD/NOK chart shows a strongly bullish trend. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	6.1301	6.3361	6.4051	6.6667	6.7049
Change (%)	-8.05%	-4.96%	-3.92%	-	+0.57%
Change	-0.5366	-0.3306	-0.2616	-	+0.0382
Level	Intermediate	Major	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.5882	6.6087	6.6330	6.6535	6.6778	6.6983	6.7226
Camarilla	6.6451	6.6492	6.6533	6.6574	6.6615	6.6656	6.6697
Woodie	6.5902	6.6097	6.6350	6.6545	6.6798	6.6993	6.7246
Fibonacci	6.6087	6.6258	6.6364	6.6535	6.6706	6.6812	6.6983

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.4057	6.4925	6.5713	6.6581	6.7369	6.8237	6.9025
Camarilla	6.6047	6.6198	6.6350	6.6502	6.6654	6.6806	6.6957
Woodie	6.4018	6.4905	6.5674	6.6561	6.7330	6.8217	6.8986
Fibonacci	6.4925	6.5557	6.5948	6.6581	6.7213	6.7604	6.8237

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2349	6.3198	6.4504	6.5353	6.6659	6.7508	6.8814
Camarilla	6.5216	6.5414	6.5612	6.5809	6.6007	6.6204	6.6402
Woodie	6.2577	6.3312	6.4732	6.5467	6.6887	6.7622	6.9042
Fibonacci	6.3198	6.4022	6.4530	6.5353	6.6177	6.6685	6.7508

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):	58.49
MACD (12,26,9):	0.0431
Directional Movement:	11.3389
AROON (14):	50.0000
DEMA (21):	6.6490
Parabolic SAR (0,02-0,02-0,2):	6.5577
Elder Ray (13):	0.0388
Super Trend (3,10):	6.4950
Zig ZAG (10):	6.6637
VORTEX (21):	1.0942
Stochastique (14,3,5):	67.73
TEMA (21):	6.6748
Williams %R (14):	-30.25
Chande Momentum Oscillator (20):	0.1649
Repulse (5,40,3):	-0.1082
ROCnROLL:	1
TRIX (15,9):	0.0622
Courbe Coppock:	4.82

MA7:	6.6747
MA20:	6.5686
MA50:	6.5493
MA100:	6.4589
MAexp7:	6.6527
MAexp20:	6.5989
MAexp50:	6.5417
MAexp100:	6.4648
Price / MA7:	-0.12%
Price / MA20:	+1.49%
Price / MA50:	+1.79%
Price / MA100:	+3.22%
Price / MAexp7:	+0.21%
Price / MAexp20:	+1.03%
Price / MAexp50:	+1.91%
Price / MAexp100:	+3.12%

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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