EUR/NOK - 1H - Technical analysis published on 10/16/2020 (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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 10.9178 NOK
My targets
10.9869 NOK (+0.0208)
11.0131 NOK (+0.0470)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 10.9178 NOK. The buyers” bullish objective is set at 10.9869 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.0131 NOK. If there is any crossing, the next objective would be the resistance located at 11.1161 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
3.4
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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
The EUR/NOK price is 10.9661 NOK. The price has increased by +0.06% since the last closing and was traded between 10.9474 NOK and 10.9968 NOK over the period. The price is currently at +0.17% from its lowest and -0.28% from its highest.10.9474
10.9968
10.9661
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
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 | 10.8413 | 10.8871 | 10.9178 | 10.9661 | 10.9869 | 11.0131 | 11.1161 |
| Change (%) | -1.14% | -0.72% | -0.44% | - | +0.19% | +0.43% | +1.37% |
| Change | -0.1248 | -0.0790 | -0.0483 | - | +0.0208 | +0.0470 | +0.1500 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Intermediate |
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 | 10.6941 | 10.7706 | 10.8650 | 10.9415 | 11.0359 | 11.1124 | 11.2068 |
| Camarilla | 10.9123 | 10.9280 | 10.9436 | 10.9593 | 10.9750 | 10.9906 | 11.0063 |
| Woodie | 10.7030 | 10.7751 | 10.8739 | 10.9460 | 11.0448 | 11.1169 | 11.2157 |
| Fibonacci | 10.7706 | 10.8359 | 10.8763 | 10.9415 | 11.0068 | 11.0472 | 11.1124 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0153 | 9.0968 | 9.1463 | 9.2278 | 9.2773 | 9.3588 | 9.4083 |
| Camarilla | 9.1598 | 9.1718 | 9.1838 | 9.1958 | 9.2078 | 9.2198 | 9.2318 |
| Woodie | 8.9993 | 9.0888 | 9.1303 | 9.2198 | 9.2613 | 9.3508 | 9.3923 |
| Fibonacci | 9.0968 | 9.1468 | 9.1778 | 9.2278 | 9.2778 | 9.3088 | 9.3588 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6755 | 10.0279 | 10.4818 | 10.8342 | 11.2881 | 11.6405 | 12.0944 |
| Camarilla | 10.7141 | 10.7880 | 10.8619 | 10.9358 | 11.0097 | 11.0836 | 11.1575 |
| Woodie | 9.7264 | 10.0533 | 10.5327 | 10.8596 | 11.3390 | 11.6659 | 12.1453 |
| Fibonacci | 10.0279 | 10.3359 | 10.5262 | 10.8342 | 11.1422 | 11.3325 | 11.6405 |
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): | 51.45 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 6.7360 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 10.9780 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.0139 | |
| Elder Ray (13): | -0.0050 | |
| Super Trend (3,10): | 10.9115 | |
| Zig ZAG (10): | 10.9659 | |
| VORTEX (21): | 1.0211 | |
| Stochastique (14,3,5): | 39.95 | |
| TEMA (21): | 10.9728 | |
| Williams %R (14): | -58.10 | |
| Chande Momentum Oscillator (20): | -0.0098 | |
| Repulse (5,40,3): | -0.0397 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0178 | |
| Courbe Coppock: | 0.10 |
| MA7: | 10.7817 | |
| MA20: | 10.9127 | |
| MA50: | 10.7262 | |
| MA100: | 10.7065 | |
| MAexp7: | 10.9689 | |
| MAexp20: | 10.9645 | |
| MAexp50: | 10.9354 | |
| MAexp100: | 10.9063 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.55% |
Quotes :
2020-10-16 17:04:23
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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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