NZD/NOK - 1H - Technical analysis published on 08/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 6.2133 NOK
My targets
6.2480 NOK (+0.0147)
6.2675 NOK (+0.0342)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/NOK. As long as you are above the support located at 6.2133 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.2480 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 6.2675 NOK as an objective. Crossing it would then enable buyers to target 6.2769 NOK. If the support 6.2133 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish 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
2.5
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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 rating is 6.2333 NOK. On the day, this instrument lost -0.01% and was traded between 6.2256 NOK and 6.2604 NOK over the period. The price is currently at +0.12% from its lowest and -0.43% from its highest.6.2256
6.2604
6.2333
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 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
Technical analysis of NZD/NOK in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.1932 | 6.2133 | 6.2328 | 6.2333 | 6.2480 | 6.2675 | 6.2769 |
| Change (%) | -0.64% | -0.32% | -0.01% | - | +0.24% | +0.55% | +0.70% |
| Change | -0.0401 | -0.0200 | -0.0005 | - | +0.0147 | +0.0342 | +0.0436 |
| Level | Minor | Minor | Intermediate | - | 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 | 6.1210 | 6.1571 | 6.1955 | 6.2316 | 6.2700 | 6.3061 | 6.3445 |
| Camarilla | 6.2134 | 6.2202 | 6.2271 | 6.2339 | 6.2407 | 6.2476 | 6.2544 |
| Woodie | 6.1222 | 6.1577 | 6.1967 | 6.2322 | 6.2712 | 6.3067 | 6.3457 |
| Fibonacci | 6.1571 | 6.1856 | 6.2031 | 6.2316 | 6.2601 | 6.2776 | 6.3061 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0685 | 6.1151 | 6.1745 | 6.2211 | 6.2805 | 6.3271 | 6.3865 |
| Camarilla | 6.2048 | 6.2145 | 6.2242 | 6.2339 | 6.2436 | 6.2533 | 6.2631 |
| Woodie | 6.0749 | 6.1183 | 6.1809 | 6.2243 | 6.2869 | 6.3303 | 6.3929 |
| Fibonacci | 6.1151 | 6.1556 | 6.1806 | 6.2211 | 6.2616 | 6.2866 | 6.3271 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6141 | 5.9042 | 6.0942 | 6.3843 | 6.5743 | 6.8644 | 7.0544 |
| Camarilla | 6.1523 | 6.1963 | 6.2403 | 6.2843 | 6.3283 | 6.3723 | 6.4163 |
| Woodie | 5.5642 | 5.8792 | 6.0443 | 6.3593 | 6.5244 | 6.8394 | 7.0045 |
| Fibonacci | 5.9042 | 6.0876 | 6.2009 | 6.3843 | 6.5677 | 6.6810 | 6.8644 |
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): | 51.73 | |
| MACD (12,26,9): | 0.0058 | |
| Directional Movement: | 4.5259 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 6.2440 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2559 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 6.2130 | |
| Zig ZAG (10): | 6.2336 | |
| VORTEX (21): | 1.0634 | |
| Stochastique (14,3,5): | 19.37 | |
| TEMA (21): | 6.2417 | |
| Williams %R (14): | -77.87 | |
| Chande Momentum Oscillator (20): | -0.0024 | |
| Repulse (5,40,3): | -0.1542 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0213 | |
| Courbe Coppock: | 0.08 |
| MA7: | 6.2077 | |
| MA20: | 6.2477 | |
| MA50: | 6.4393 | |
| MA100: | 6.5288 | |
| MAexp7: | 6.2368 | |
| MAexp20: | 6.2345 | |
| MAexp50: | 6.2217 | |
| MAexp100: | 6.2157 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -3.20% | |
| Price / MA100: | -4.53% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.29% |
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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