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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 - Daily - Technical analysis published on 11/09/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 10.2435 NOK
My targets
10.3951 NOK (+0.0835)
10.5049 NOK (+0.1933)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 10.2435 NOK. The buyers' bullish objective is set at 10.3951 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.5049 NOK. If there is any crossing, the next objective would be the resistance located at 10.6694 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

EUR/NOK rating 10.3116 NOK. The price registered an increase of +0.00% on the session and was between 10.3021 NOK and 10.3198 NOK. This implies that the price is at +0.09% from its lowest and at -0.08% from its highest.

10.3021
10.3198
10.3116

Here is a more detailed summary of the historical variations registered by EUR/NOK:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


A technical analysis in Daily of this EUR/NOK chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.8924 9.9924 10.2435 10.3116 10.3951 10.5049 10.6694
Change (%) -4.07% -3.10% -0.66% - +0.81% +1.87% +3.47%
Change -0.4192 -0.3192 -0.0681 - +0.0835 +0.1933 +0.3578
Level Minor Major Intermediate - Major Intermediate 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
Standard10.162110.198910.255410.292210.348710.385510.4420
Camarilla10.286310.294910.303510.312010.320610.329110.3377
Woodie10.172110.203810.265410.297110.358710.390410.4520
Fibonacci10.198910.234510.256510.292210.327810.349810.3855


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.894810.024710.112210.242110.329610.459510.5470
Camarilla10.139810.159710.179710.199610.219510.239510.2594
Woodie9.873510.014110.090910.231510.308310.448910.5257
Fibonacci10.024710.107810.159110.242110.325210.376510.4595


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.62219.921010.095910.394810.569710.868611.0435
Camarilla10.140610.184010.227510.270910.314310.357810.4012
Woodie9.56029.890010.034010.363810.507810.837610.9816
Fibonacci9.921010.102010.213810.394810.575810.687610.8686

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): 50.74
MACD (12,26,9): -0.0095
Directional Movement: 1.4530
AROON (14): -71.4285
DEMA (21): 10.3033
Parabolic SAR (0,02-0,02-0,2): 10.4213
Elder Ray (13): 0.0148
Super Trend (3,10): 10.1686
Zig ZAG (10): 10.3122
VORTEX (21): 0.9857
Stochastique (14,3,5): 29.06
TEMA (21): 10.2527
Williams %R (14): -65.90
Chande Momentum Oscillator (20): -0.0682
Repulse (5,40,3): 0.5531
ROCnROLL: 1
TRIX (15,9): -0.0006
Courbe Coppock: 2.21
MA7: 10.2698
MA20: 10.3208
MA50: 10.2758
MA100: 10.1610
MAexp7: 10.2846
MAexp20: 10.3054
MAexp50: 10.2624
MAexp100: 10.1938
Price / MA7: +0.41%
Price / MA20: -0.09%
Price / MA50: +0.35%
Price / MA100: +1.48%
Price / MAexp7: +0.26%
Price / MAexp20: +0.06%
Price / MAexp50: +0.48%
Price / MAexp100: +1.16%

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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