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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 01/30/2023 (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 bullish
Underlying: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.6926 NOK
My targets
10.7726 NOK (+0.0183)
10.7910 NOK (+0.0367)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/NOK. This is a positive signal for buyers. As long as the price remains above 10.6926 NOK, a purchase could be considered. The first bullish objective is located at 10.7726 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.7910 NOK as an objective. Crossing it would then enable buyers to target 10.8441 NOK. In the event of a return below 10.6926 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

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.

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

Additional analysis

Quotes

The EUR/NOK rating is 10.7543 NOK. On the day, this instrument gained +0.01% with the lowest point at 10.7109 NOK and the highest point at 10.7664 NOK. The deviation from the price is +0.41% for the low point and -0.11% for the high point.

10.7109
10.7664
10.7543

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/NOK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/NOK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 10.6361 10.6926 10.7447 10.7543 10.7726 10.7910 10.8441
Change (%) -1.10% -0.57% -0.09% - +0.17% +0.34% +0.84%
Change -0.1182 -0.0617 -0.0096 - +0.0183 +0.0367 +0.0898
Level Intermediate Intermediate Intermediate - Major Major 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
Standard10.673910.697410.725610.749110.777310.800810.8290
Camarilla10.739610.744310.749110.753810.758510.763310.7680
Woodie10.676310.698610.728010.750310.779710.802010.8314
Fibonacci10.697410.717210.729410.749110.768910.781110.8008


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.437410.536810.645310.744710.853210.952611.0611
Camarilla10.696610.715710.734710.753810.772910.791910.8110
Woodie10.442010.539110.649910.747010.857810.954911.0657
Fibonacci10.536810.616210.665310.744710.824110.873210.9526


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.911510.065010.276210.429710.640910.794411.0056
Camarilla10.387010.420410.453910.487310.520710.554210.5876
Woodie9.940310.079410.305010.444110.669710.808811.0344
Fibonacci10.065010.204410.290410.429710.569110.655110.7944

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.87
MACD (12,26,9): -0.0004
Directional Movement: 7.3132
AROON (14): 42.8571
DEMA (21): 10.7402
Parabolic SAR (0,02-0,02-0,2): 10.7168
Elder Ray (13): 0.0186
Super Trend (3,10): 10.7831
Zig ZAG (10): 10.7587
VORTEX (21): 1.0365
Stochastique (14,3,5): 87.59
TEMA (21): 10.7452
Williams %R (14): -12.61
Chande Momentum Oscillator (20): 0.0248
Repulse (5,40,3): 0.1218
ROCnROLL: 1
TRIX (15,9): -0.0070
Courbe Coppock: 0.08
MA7: 10.7417
MA20: 10.7198
MA50: 10.5473
MA100: 10.4462
MAexp7: 10.7470
MAexp20: 10.7428
MAexp50: 10.7477
MAexp100: 10.7447
Price / MA7: +0.12%
Price / MA20: +0.32%
Price / MA50: +1.96%
Price / MA100: +2.95%
Price / MAexp7: +0.07%
Price / MAexp20: +0.11%
Price / MAexp50: +0.06%
Price / MAexp100: +0.09%

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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