EUR/NOK - 1H - Technical analysis published on 09/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 10.2289 NOK
My targets
10.1262 NOK (-0.0675)
10.0547 NOK (-0.1390)
My analysis
EUR/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.2289 NOK. The next support located at 10.1262 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.0547 NOK. Below this support, sellers could then target 9.9924 NOK.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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.
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Additional analysis
Quotes
The EUR/NOK price is 10.1937 NOK. The price registered an increase of +0.00% on the session and was traded between 10.1806 NOK and 10.2124 NOK over the period. The price is currently at +0.13% from its lowest and -0.18% from its highest.10.1806
10.2124
10.1937
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 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
Technical
Technical analysis of EUR/NOK in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by 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: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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:
Near resistance of channel
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.9924 | 10.0547 | 10.1262 | 10.1937 | 10.1968 | 10.2289 | 10.3125 |
| Change (%) | -1.97% | -1.36% | -0.66% | - | +0.03% | +0.35% | +1.17% |
| Change | -0.2013 | -0.1390 | -0.0675 | - | +0.0031 | +0.0352 | +0.1188 |
| Level | Major | Major | Intermediate | - | 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 | 9.9426 | 10.0398 | 10.1170 | 10.2142 | 10.2914 | 10.3886 | 10.4658 |
| Camarilla | 10.1461 | 10.1621 | 10.1781 | 10.1941 | 10.2101 | 10.2261 | 10.2421 |
| Woodie | 9.9325 | 10.0348 | 10.1069 | 10.2092 | 10.2813 | 10.3836 | 10.4557 |
| Fibonacci | 10.0398 | 10.1065 | 10.1476 | 10.2142 | 10.2809 | 10.3220 | 10.3886 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.7081 | 9.8216 | 10.0143 | 10.1278 | 10.3205 | 10.4340 | 10.6267 |
| Camarilla | 10.1228 | 10.1509 | 10.1789 | 10.2070 | 10.2351 | 10.2631 | 10.2912 |
| Woodie | 9.7477 | 9.8414 | 10.0539 | 10.1476 | 10.3601 | 10.4538 | 10.6663 |
| Fibonacci | 9.8216 | 9.9386 | 10.0108 | 10.1278 | 10.2448 | 10.3170 | 10.4340 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2118 | 9.4094 | 9.7018 | 9.8994 | 10.1918 | 10.3894 | 10.6818 |
| Camarilla | 9.8596 | 9.9045 | 9.9494 | 9.9943 | 10.0392 | 10.0841 | 10.1291 |
| Woodie | 9.2593 | 9.4331 | 9.7493 | 9.9231 | 10.2393 | 10.4131 | 10.7293 |
| Fibonacci | 9.4094 | 9.5966 | 9.7122 | 9.8994 | 10.0866 | 10.2022 | 10.3894 |
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): | 42.04 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | -22.9889 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 10.1810 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.2054 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 10.2545 | |
| Zig ZAG (10): | 10.1898 | |
| VORTEX (21): | 0.9095 | |
| Stochastique (14,3,5): | 74.94 | |
| TEMA (21): | 10.1769 | |
| Williams %R (14): | -30.28 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | -0.0865 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0316 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.1972 | |
| MA20: | 10.0290 | |
| MA50: | 9.9696 | |
| MA100: | 10.1180 | |
| MAexp7: | 10.1932 | |
| MAexp20: | 10.2055 | |
| MAexp50: | 10.2278 | |
| MAexp100: | 10.2166 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +2.25% | |
| Price / MA100: | +0.75% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.23% |
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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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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