EUR/NOK - 1H - Technical analysis published on 07/18/2022 (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:
Bearish
Underlying:
Bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 10.3025 NOK
My targets
10.2415 NOK (-0.0140)
10.1260 NOK (-0.1295)
My analysis
All elements being rather 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 10.3025 NOK. The next bearish objective for sellers is set at 10.2415 NOK. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 10.1260 NOK. If there is any crossing, the next objective would be the support located at 9.9924 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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Additional analysis
Quotes
The EUR/NOK price is 10.2555 NOK. On the day, this instrument lost -0.03% and was traded between 10.2274 NOK and 10.2963 NOK over the period. The price is currently at +0.27% from its lowest and -0.40% from its highest.10.2274
10.2963
10.2555
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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 support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.7285 | 9.9924 | 10.2415 | 10.2555 | 10.2624 | 10.3025 | 10.3771 |
| Change (%) | -5.14% | -2.57% | -0.14% | - | +0.07% | +0.46% | +1.19% |
| Change | -0.5270 | -0.2631 | -0.0140 | - | +0.0069 | +0.0470 | +0.1216 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
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 | 10.1574 | 10.1953 | 10.2267 | 10.2646 | 10.2960 | 10.3339 | 10.3653 |
| Camarilla | 10.2391 | 10.2455 | 10.2519 | 10.2582 | 10.2646 | 10.2709 | 10.2773 |
| Woodie | 10.1543 | 10.1937 | 10.2236 | 10.2630 | 10.2929 | 10.3323 | 10.3622 |
| Fibonacci | 10.1953 | 10.2217 | 10.2381 | 10.2646 | 10.2910 | 10.3074 | 10.3339 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1260 | 10.1795 | 10.2189 | 10.2724 | 10.3118 | 10.3653 | 10.4047 |
| Camarilla | 10.2327 | 10.2412 | 10.2497 | 10.2582 | 10.2667 | 10.2752 | 10.2838 |
| Woodie | 10.1189 | 10.1760 | 10.2118 | 10.2689 | 10.3047 | 10.3618 | 10.3976 |
| Fibonacci | 10.1795 | 10.2150 | 10.2370 | 10.2724 | 10.3079 | 10.3299 | 10.3653 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5301 | 9.7768 | 10.0472 | 10.2939 | 10.5643 | 10.8110 | 11.0814 |
| Camarilla | 10.1755 | 10.2229 | 10.2703 | 10.3177 | 10.3651 | 10.4125 | 10.4599 |
| Woodie | 9.5421 | 9.7827 | 10.0592 | 10.2998 | 10.5763 | 10.8169 | 11.0934 |
| Fibonacci | 9.7768 | 9.9743 | 10.0963 | 10.2939 | 10.4914 | 10.6134 | 10.8110 |
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): | 48.76 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -2.6036 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 10.2634 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.2873 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 10.3234 | |
| Zig ZAG (10): | 10.2609 | |
| VORTEX (21): | 1.0415 | |
| Stochastique (14,3,5): | 52.49 | |
| TEMA (21): | 10.2634 | |
| Williams %R (14): | -50.07 | |
| Chande Momentum Oscillator (20): | -0.0201 | |
| Repulse (5,40,3): | -0.0157 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10.2625 | |
| MA20: | 10.3236 | |
| MA50: | 10.2724 | |
| MA100: | 9.9958 | |
| MAexp7: | 10.2640 | |
| MAexp20: | 10.2637 | |
| MAexp50: | 10.2641 | |
| MAexp100: | 10.2666 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +2.60% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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