EUR/NOK
EUR NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURNOK
ISIN:

EUR/NOK - 1H - Technical analysis published on 01/05/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 9.9924 NOK
My targets
9.9538 NOK (-0.0222)
9.9309 NOK (-0.0451)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/NOK as long as the price remains well below 9.9924 NOK. The sellers' bearish objective is set at 9.9538 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.9309 NOK. In case of crossing, the next objective would be the support located at 9.6919 NOK.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NOK price is 9.9760 NOK. On the day, this instrument lost -0.26% and was between 9.9628 NOK and 10.0204 NOK. This implies that the price is at +0.13% from its lowest and at -0.44% from its highest.

9.9628
10.0204
9.9760

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/NOK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

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


S3S2S1PriceR1R2R3
ProTrendLines 9.6919 9.9309 9.9538 9.9760 9.9924 10.0275 10.0472
Change (%) -2.85% -0.45% -0.22% - +0.16% +0.52% +0.71%
Change -0.2841 -0.0451 -0.0222 - +0.0164 +0.0515 +0.0712
Level Intermediate Minor Minor - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.93349.95789.979710.004110.026010.050410.0723
Camarilla9.98909.99329.997510.001710.005910.010210.0144
Woodie9.93239.95729.978610.003510.024910.049810.0712
Fibonacci9.95789.97559.986410.004110.021810.032710.0504


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.80049.86569.945610.010810.090810.156010.2360
Camarilla9.98569.998910.012210.025510.038810.052110.0654
Woodie9.80779.86939.952910.014510.098110.159710.2433
Fibonacci9.86569.92119.955410.010810.066310.100610.1560


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.37089.65089.838210.118210.305610.585610.7730
Camarilla9.89709.93989.982710.025510.068410.111210.1540
Woodie9.32449.62779.791810.095110.259210.562510.7266
Fibonacci9.65089.82949.939710.118210.296810.407110.5856

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): 32.49
MACD (12,26,9): -0.0087
Directional Movement: -15.1188
AROON (14): -64.2857
DEMA (21): 9.9823
Parabolic SAR (0,02-0,02-0,2): 10.0065
Elder Ray (13): -0.0138
Super Trend (3,10): 10.0170
Zig ZAG (10): 9.9724
VORTEX (21): 0.9041
Stochastique (14,3,5): 14.98
TEMA (21): 9.9757
Williams %R (14): -83.33
Chande Momentum Oscillator (20): -0.0396
Repulse (5,40,3): -0.0911
ROCnROLL: 2
TRIX (15,9): -0.0072
Courbe Coppock: 0.54
MA7: 9.9919
MA20: 10.0796
MA50: 10.0408
MA100: 10.0640
MAexp7: 9.9823
MAexp20: 9.9923
MAexp50: 10.0004
MAexp100: 10.0017
Price / MA7: -0.16%
Price / MA20: -1.03%
Price / MA50: -0.65%
Price / MA100: -0.87%
Price / MAexp7: -0.06%
Price / MAexp20: -0.16%
Price / MAexp50: -0.24%
Price / MAexp100: -0.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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