EUR/NOK - Weekly - Technical analysis published on 05/14/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 10.6780 NOK
My targets
11.5979 NOK (+0.5359)
11.9704 NOK (+0.9084)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 10.6780 NOK, you could try to benefit from the boom. The first bullish objective is located at 11.5979 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.9704 NOK as an objective. Crossing it would then enable buyers to target 12.5716 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 11.0620 NOK. The price registered a decrease of -0.27% over 5 days with the lowest point at 10.9231 NOK and the highest point at 11.1864 NOK. The deviation from the price is +1.27% for the low point and -1.11% for the high point.10.9231
11.1864
11.0620
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this EUR/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.8036 | 9.4162 | 9.9924 | 11.0620 | 11.1161 | 12.5716 |
| Change (%) | -20.42% | -14.88% | -9.67% | - | +0.49% | +13.65% |
| Change | -2.2584 | -1.6458 | -1.0696 | - | +0.0541 | +1.5096 |
| Level | Minor | Intermediate | Major | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8010 | 10.8621 | 10.9271 | 10.9882 | 11.0532 | 11.1143 | 11.1793 |
| Camarilla | 10.9575 | 10.9691 | 10.9806 | 10.9922 | 11.0038 | 11.0153 | 11.0269 |
| Woodie | 10.8031 | 10.8631 | 10.9292 | 10.9892 | 11.0553 | 11.1153 | 11.1814 |
| Fibonacci | 10.8621 | 10.9102 | 10.9400 | 10.9882 | 11.0363 | 11.0661 | 11.1143 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4424 | 10.7295 | 10.9012 | 11.1883 | 11.3600 | 11.6471 | 11.8188 |
| Camarilla | 10.9467 | 10.9888 | 11.0308 | 11.0729 | 11.1150 | 11.1570 | 11.1991 |
| Woodie | 10.3847 | 10.7007 | 10.8435 | 11.1595 | 11.3023 | 11.6183 | 11.7611 |
| Fibonacci | 10.7295 | 10.9048 | 11.0130 | 11.1883 | 11.3636 | 11.4718 | 11.6471 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3055 | 10.6780 | 10.9517 | 11.3242 | 11.5979 | 11.9704 | 12.2441 |
| Camarilla | 11.0477 | 11.1069 | 11.1662 | 11.2254 | 11.2846 | 11.3439 | 11.4031 |
| Woodie | 10.2561 | 10.6533 | 10.9023 | 11.2995 | 11.5485 | 11.9457 | 12.1947 |
| Fibonacci | 10.6780 | 10.9249 | 11.0774 | 11.3242 | 11.5711 | 11.7236 | 11.9704 |
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): | 55.33 | |
| MACD (12,26,9): | 0.3370 | |
| Directional Movement: | 22.9776 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 11.3248 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.9264 | |
| Elder Ray (13): | -0.0165 | |
| Super Trend (3,10): | 10.8817 | |
| Zig ZAG (10): | 11.0710 | |
| VORTEX (21): | 1.0759 | |
| Stochastique (14,3,5): | 36.92 | |
| TEMA (21): | 11.4755 | |
| Williams %R (14): | -66.43 | |
| Chande Momentum Oscillator (20): | 0.9923 | |
| Repulse (5,40,3): | -2.7965 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4733 | |
| Courbe Coppock: | 25.04 |
| MA7: | 11.0670 | |
| MA20: | 11.2485 | |
| MA50: | 11.3620 | |
| MA100: | 10.7046 | |
| MAexp7: | 11.2003 | |
| MAexp20: | 10.8906 | |
| MAexp50: | 10.4311 | |
| MAexp100: | 10.1037 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | +3.34% | |
| Price / MAexp7: | -1.23% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +6.05% | |
| Price / MAexp100: | +9.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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