NZD/NOK - Daily - Technical analysis published on 07/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.5393 NOK
My targets
6.7049 NOK (+0.0639)
6.8547 NOK (+0.2137)
My analysis
A bullish trend on NZD/NOK both in substance and in the short term. A purchase could be considered as long as the price remains above 6.5393 NOK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6.7049 NOK. Then the price could move towards 6.8547 NOK. Be careful, a return below 6.5393 NOK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/NOK price is 6.6410 NOK. On the day, this instrument gained +0.17% and was between 6.6278 NOK and 6.6420 NOK. This implies that the price is at +0.20% from its lowest and at -0.02% from its highest.6.6278
6.6420
6.6410
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
A study of price movements over other periods shows the following variations:
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 NZD/NOK in Daily shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.3361 | 6.4051 | 6.5393 | 6.6410 | 6.7049 | 6.8547 |
| Change (%) | -4.59% | -3.55% | -1.53% | - | +0.96% | +3.22% |
| Change | -0.3049 | -0.2359 | -0.1017 | - | +0.0639 | +0.2137 |
| Level | Major | Major | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.5089 | 6.5509 | 6.5904 | 6.6324 | 6.6719 | 6.7139 | 6.7534 |
| Camarilla | 6.6076 | 6.6151 | 6.6225 | 6.6300 | 6.6375 | 6.6449 | 6.6524 |
| Woodie | 6.5078 | 6.5503 | 6.5893 | 6.6318 | 6.6708 | 6.7133 | 6.7523 |
| Fibonacci | 6.5509 | 6.5820 | 6.6012 | 6.6324 | 6.6635 | 6.6827 | 6.7139 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3669 | 6.4472 | 6.5176 | 6.5979 | 6.6683 | 6.7486 | 6.8190 |
| Camarilla | 6.5465 | 6.5603 | 6.5741 | 6.5879 | 6.6017 | 6.6155 | 6.6293 |
| Woodie | 6.3619 | 6.4447 | 6.5126 | 6.5954 | 6.6633 | 6.7461 | 6.8140 |
| Fibonacci | 6.4472 | 6.5048 | 6.5404 | 6.5979 | 6.6555 | 6.6911 | 6.7486 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2180 | 6.3620 | 6.4750 | 6.6190 | 6.7320 | 6.8760 | 6.9890 |
| Camarilla | 6.5172 | 6.5408 | 6.5643 | 6.5879 | 6.6115 | 6.6350 | 6.6586 |
| Woodie | 6.2024 | 6.3543 | 6.4594 | 6.6113 | 6.7164 | 6.8683 | 6.9734 |
| Fibonacci | 6.3620 | 6.4602 | 6.5209 | 6.6190 | 6.7172 | 6.7779 | 6.8760 |
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): | 52.38 | |
| MACD (12,26,9): | -0.0108 | |
| Directional Movement: | 2.2909 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 6.5976 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.5305 | |
| Elder Ray (13): | 0.0262 | |
| Super Trend (3,10): | 6.7900 | |
| Zig ZAG (10): | 6.6411 | |
| VORTEX (21): | 0.9982 | |
| Stochastique (14,3,5): | 61.62 | |
| TEMA (21): | 6.5920 | |
| Williams %R (14): | -28.06 | |
| Chande Momentum Oscillator (20): | 0.0339 | |
| Repulse (5,40,3): | 0.3862 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0435 | |
| Courbe Coppock: | 0.18 |
| MA7: | 6.5985 | |
| MA20: | 6.5990 | |
| MA50: | 6.6622 | |
| MA100: | 6.5873 | |
| MAexp7: | 6.6112 | |
| MAexp20: | 6.6140 | |
| MAexp50: | 6.6190 | |
| MAexp100: | 6.5690 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +1.09% |
Quotes :
-
Real time data
-
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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