EUR/NOK - 1H - Technical analysis published on 01/21/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.9924 NOK
My targets
10.0330 NOK (+0.0245)
10.0670 NOK (+0.0585)
My analysis
EUR/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.9924 NOK. The next resistance located at 10.0330 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.0670 NOK. After this resistance, buyers could then target 10.2240 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 10.0085 NOK. The price registered an increase of +0.08% on the session with the lowest point at 9.9801 NOK and the highest point at 10.0220 NOK. The deviation from the price is +0.28% for the low point and -0.13% for the high point.9.9801
10.0220
10.0085
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
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
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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 a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.9504 | 9.9713 | 9.9924 | 10.0085 | 10.0168 | 10.0330 | 10.0670 |
| Change (%) | -0.58% | -0.37% | -0.16% | - | +0.08% | +0.24% | +0.58% |
| Change | -0.0581 | -0.0372 | -0.0161 | - | +0.0083 | +0.0245 | +0.0585 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 9.8595 | 9.8901 | 9.9452 | 9.9758 | 10.0309 | 10.0615 | 10.1166 |
| Camarilla | 9.9767 | 9.9846 | 9.9924 | 10.0003 | 10.0082 | 10.0160 | 10.0239 |
| Woodie | 9.8718 | 9.8962 | 9.9575 | 9.9819 | 10.0432 | 10.0676 | 10.1289 |
| Fibonacci | 9.8901 | 9.9228 | 9.9431 | 9.9758 | 10.0085 | 10.0288 | 10.0615 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7450 | 9.8234 | 9.9165 | 9.9949 | 10.0880 | 10.1664 | 10.2595 |
| Camarilla | 9.9623 | 9.9781 | 9.9938 | 10.0095 | 10.0252 | 10.0409 | 10.0567 |
| Woodie | 9.7523 | 9.8271 | 9.9238 | 9.9986 | 10.0953 | 10.1701 | 10.2668 |
| Fibonacci | 9.8234 | 9.8890 | 9.9294 | 9.9949 | 10.0605 | 10.1009 | 10.1664 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3708 | 9.6508 | 9.8382 | 10.1182 | 10.3056 | 10.5856 | 10.7730 |
| Camarilla | 9.8970 | 9.9398 | 9.9827 | 10.0255 | 10.0684 | 10.1112 | 10.1540 |
| Woodie | 9.3244 | 9.6277 | 9.7918 | 10.0951 | 10.2592 | 10.5625 | 10.7266 |
| Fibonacci | 9.6508 | 9.8294 | 9.9397 | 10.1182 | 10.2968 | 10.4071 | 10.5856 |
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): | 67.16 | |
| MACD (12,26,9): | 0.0137 | |
| Directional Movement: | 12.0008 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 10.0050 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.9496 | |
| Elder Ray (13): | 0.0096 | |
| Super Trend (3,10): | 9.9619 | |
| Zig ZAG (10): | 10.0195 | |
| VORTEX (21): | 1.0748 | |
| Stochastique (14,3,5): | 85.80 | |
| TEMA (21): | 10.0137 | |
| Williams %R (14): | -2.95 | |
| Chande Momentum Oscillator (20): | 0.0285 | |
| Repulse (5,40,3): | 0.3196 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0172 | |
| Courbe Coppock: | 1.08 |
| MA7: | 9.9843 | |
| MA20: | 9.9944 | |
| MA50: | 10.0733 | |
| MA100: | 10.0196 | |
| MAexp7: | 10.0022 | |
| MAexp20: | 9.9881 | |
| MAexp50: | 9.9739 | |
| MAexp100: | 9.9710 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.38% |
Quotes :
-
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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