EUR/NOK - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 10.7231 NOK
My targets
10.6283 NOK (-0.0219)
10.6071 NOK (-0.0431)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/NOK as long as the price remains well below 10.7231 NOK. The next bearish objective for sellers is set at 10.6283 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.6071 NOK. In case of crossing, the next objective would be the support located at 10.4492 NOK.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 10.6502 NOK. On the day, this instrument gained +0.02% and was between 10.6390 NOK and 10.7186 NOK. This implies that the price is at +0.11% from its lowest and at -0.64% from its highest.10.6390
10.7186
10.6502
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6071 | 10.6283 | 10.6450 | 10.6502 | 10.7231 | 10.7528 | 10.8101 |
| Change (%) | -0.40% | -0.21% | -0.05% | - | +0.68% | +0.96% | +1.50% |
| Change | -0.0431 | -0.0219 | -0.0052 | - | +0.0729 | +0.1026 | +0.1599 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 9.8713 | 10.1490 | 10.5560 | 10.8337 | 11.2407 | 11.5184 | 11.9254 |
| Camarilla | 10.7746 | 10.8374 | 10.9001 | 10.9629 | 11.0257 | 11.0884 | 11.1512 |
| Woodie | 9.9359 | 10.1813 | 10.6206 | 10.8660 | 11.3053 | 11.5507 | 11.9900 |
| Fibonacci | 10.1490 | 10.4106 | 10.5722 | 10.8337 | 11.0953 | 11.2569 | 11.5184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4076 | 9.0080 | 9.9855 | 10.5859 | 11.5634 | 12.1638 | 13.1413 |
| Camarilla | 10.5290 | 10.6736 | 10.8183 | 10.9629 | 11.1075 | 11.2522 | 11.3968 |
| Woodie | 8.5961 | 9.1023 | 10.1740 | 10.6802 | 11.7519 | 12.2581 | 13.3298 |
| Fibonacci | 9.0080 | 9.6108 | 9.9832 | 10.5859 | 11.1887 | 11.5611 | 12.1638 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9758 | 9.7013 | 9.6605 | 10.3860 | 10.3452 | 11.0707 | 11.0299 |
| Camarilla | 9.4314 | 9.4942 | 9.5569 | 9.6197 | 9.6825 | 9.7452 | 9.8080 |
| Woodie | 8.5927 | 9.5097 | 9.2774 | 10.1944 | 9.9621 | 10.8791 | 10.6468 |
| Fibonacci | 9.7013 | 9.9629 | 10.1244 | 10.3860 | 10.6476 | 10.8091 | 11.0707 |
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): | 45.91 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | 1.1713 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 10.6847 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.9119 | |
| Elder Ray (13): | -0.0364 | |
| Super Trend (3,10): | 10.7886 | |
| Zig ZAG (10): | 10.6427 | |
| VORTEX (21): | 0.8683 | |
| Stochastique (14,3,5): | 2.31 | |
| TEMA (21): | 10.6692 | |
| Williams %R (14): | -97.99 | |
| Chande Momentum Oscillator (20): | -0.0527 | |
| Repulse (5,40,3): | -0.0598 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.02 |
| MA7: | 10.5552 | |
| MA20: | 10.6942 | |
| MA50: | 10.7746 | |
| MA100: | 11.0261 | |
| MAexp7: | 10.6709 | |
| MAexp20: | 10.6854 | |
| MAexp50: | 10.6814 | |
| MAexp100: | 10.6793 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | -1.15% | |
| Price / MA100: | -3.41% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.27% |
Quotes :
2020-07-13 06:30:24
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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.
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