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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 03/16/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 9.8445 NOK
My targets
9.7891 NOK (-0.0295)
9.7467 NOK (-0.0719)
My analysis
The bearish trend is currently very strong for EUR/NOK. As long as the price remains below the resistance at 9.8445 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.7891 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.7467 NOK as an objective. Crossing it would then enable sellers to target 9.7170 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4

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.

Vincent Launay
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 rating is 9.8186 NOK. The price registered a decrease of -0.60% on the session with the lowest point at 9.8123 NOK and the highest point at 9.8786 NOK. The deviation from the price is +0.06% for the low point and -0.61% for the high point.

9.8123
9.8786
9.8186

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/NOK chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.7170 9.7467 9.7891 9.8186 9.8445 9.8901 9.9357
Change (%) -1.03% -0.73% -0.30% - +0.26% +0.73% +1.19%
Change -0.1016 -0.0719 -0.0295 - +0.0259 +0.0715 +0.1171
Level Minor Minor Major - Intermediate Minor 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
Standard9.68349.76359.82059.90069.957610.037710.0947
Camarilla9.83979.85239.86489.87749.89009.90259.9151
Woodie9.67189.75779.80899.89489.946010.031910.0831
Fibonacci9.76359.81599.84839.90069.95309.985410.0377


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.49799.60749.71669.82619.935310.044810.1540
Camarilla9.76569.78569.80579.82579.84589.86589.8858
Woodie9.49779.60739.71649.82609.935110.044710.1538
Fibonacci9.60749.69109.74269.82619.90979.961310.0448


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.42689.64659.76549.985110.104010.323710.4426
Camarilla9.79139.82239.85349.88449.91549.94659.9775
Woodie9.37659.62139.71519.959910.053710.298510.3923
Fibonacci9.64659.77589.85579.985110.114410.194310.3237

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): 35.53
MACD (12,26,9): -0.0158
Directional Movement: -11.8585
AROON (14): -57.1429
DEMA (21): 9.8369
Parabolic SAR (0,02-0,02-0,2): 9.8699
Elder Ray (13): -0.0239
Super Trend (3,10): 9.8839
Zig ZAG (10): 9.8190
VORTEX (21): 0.8817
Stochastique (14,3,5): 16.02
TEMA (21): 9.8223
Williams %R (14): -90.60
Chande Momentum Oscillator (20): -0.0384
Repulse (5,40,3): -0.2875
ROCnROLL: 2
TRIX (15,9): -0.0162
Courbe Coppock: 0.61
MA7: 9.8453
MA20: 9.9331
MA50: 9.9901
MA100: 10.0159
MAexp7: 9.8336
MAexp20: 9.8549
MAexp50: 9.8651
MAexp100: 9.8596
Price / MA7: -0.27%
Price / MA20: -1.15%
Price / MA50: -1.72%
Price / MA100: -1.97%
Price / MAexp7: -0.15%
Price / MAexp20: -0.37%
Price / MAexp50: -0.47%
Price / MAexp100: -0.42%

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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