NZD/NOK - 1H - Technical analysis published on 05/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 6.7049 NOK
My targets
6.6592 NOK (-0.0384)
6.6208 NOK (-0.0768)
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 6.7049 NOK remains possible. It is advisable to trade NZD/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.7049 NOK. The next bearish objective for sellers is set at 6.6592 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.6208 NOK. In case of crossing, the next objective would be the support located at 6.5992 NOK. PS: if there is a bullish break in the resistance located at 6.7049 NOK 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
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/NOK rating 6.6976 NOK. The price has increased by +0.04% since the last closing and was between 6.6938 NOK and 6.6981 NOK. This implies that the price is at +0.06% from its lowest and at -0.01% from its highest.6.6938
6.6981
6.6976
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/NOK indicates that the overall trend is bearish. 71.43% 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 currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.5992 | 6.6208 | 6.6592 | 6.6976 | 6.7049 | 6.8242 | 6.8541 |
| Change (%) | -1.47% | -1.15% | -0.57% | - | +0.11% | +1.89% | +2.34% |
| Change | -0.0984 | -0.0768 | -0.0384 | - | +0.0073 | +0.1266 | +0.1565 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.6091 | 6.6305 | 6.6626 | 6.6840 | 6.7161 | 6.7375 | 6.7696 |
| Camarilla | 6.6800 | 6.6849 | 6.6898 | 6.6947 | 6.6996 | 6.7045 | 6.7094 |
| Woodie | 6.6145 | 6.6332 | 6.6680 | 6.6867 | 6.7215 | 6.7402 | 6.7750 |
| Fibonacci | 6.6305 | 6.6509 | 6.6636 | 6.6840 | 6.7044 | 6.7171 | 6.7375 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4270 | 6.5115 | 6.6723 | 6.7568 | 6.9176 | 7.0021 | 7.1629 |
| Camarilla | 6.7657 | 6.7882 | 6.8107 | 6.8332 | 6.8557 | 6.8782 | 6.9007 |
| Woodie | 6.4653 | 6.5306 | 6.7106 | 6.7759 | 6.9559 | 7.0212 | 7.2012 |
| Fibonacci | 6.5115 | 6.6052 | 6.6631 | 6.7568 | 6.8505 | 6.9084 | 7.0021 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.22 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -13.7650 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 6.6839 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6653 | |
| Elder Ray (13): | 0.0044 | |
| Super Trend (3,10): | 6.7127 | |
| Zig ZAG (10): | 6.6915 | |
| VORTEX (21): | 1.0280 | |
| Stochastique (14,3,5): | 86.98 | |
| TEMA (21): | 6.6982 | |
| Williams %R (14): | -23.93 | |
| Chande Momentum Oscillator (20): | 0.0319 | |
| Repulse (5,40,3): | 0.0502 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0171 | |
| Courbe Coppock: | 0.52 |
| MA7: | 6.7786 | |
| MA20: | 6.7053 | |
| MA50: | 6.5967 | |
| MA100: | 6.5176 | |
| MAexp7: | 6.6947 | |
| MAexp20: | 6.6922 | |
| MAexp50: | 6.7169 | |
| MAexp100: | 6.7433 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +1.53% | |
| Price / MA100: | +2.76% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.68% |
Quotes :
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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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