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 03/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 11.1458 NOK

My targets

11.6614 NOK (+0.3052)

11.7206 NOK (+0.3644)

My analysis

EUR/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.1458 NOK. The next resistance located at 11.6614 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.7206 NOK. After this resistance, buyers could then target 12.5716 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

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.

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

Additional analysis

Quotes

The EUR/NOK price is 11.3562 NOK. The price registered an increase of +0.00% on the session and was traded between 11.2710 NOK and 11.3785 NOK over the period. The price is currently at +0.76% from its lowest and -0.20% from its highest.

11.2710

11.3785

11.3562

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	10.6483	10.9970	11.1458	11.3562	11.6614	12.5716
Change (%)	-6.23%	-3.16%	-1.85%	-	+2.69%	+10.70%
Change	-0.7079	-0.3592	-0.2104	-	+0.3052	+1.2154
Level	Major	Minor	Intermediate	-	Minor	Major

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	11.1080	11.1970	11.2766	11.3656	11.4452	11.5342	11.6138
Camarilla	11.3099	11.3254	11.3409	11.3563	11.3718	11.3872	11.4027
Woodie	11.1034	11.1947	11.2720	11.3633	11.4406	11.5319	11.6092
Fibonacci	11.1970	11.2614	11.3012	11.3656	11.4300	11.4698	11.5342

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.0516	11.1558	11.2746	11.3788	11.4976	11.6018	11.7206
Camarilla	11.3321	11.3525	11.3730	11.3934	11.4138	11.4343	11.4547
Woodie	11.0589	11.1595	11.2819	11.3825	11.5049	11.6055	11.7279
Fibonacci	11.1558	11.2410	11.2936	11.3788	11.4640	11.5166	11.6018

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.4585	10.6310	10.8085	10.9810	11.1585	11.3310	11.5085
Camarilla	10.8899	10.9219	10.9540	10.9861	11.0182	11.0503	11.0824
Woodie	10.4611	10.6323	10.8111	10.9823	11.1611	11.3323	11.5111
Fibonacci	10.6310	10.7647	10.8473	10.9810	11.1147	11.1973	11.3310

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):	68.36
MACD (12,26,9):	0.1235
Directional Movement:	12.8797
AROON (14):	64.2857
DEMA (21):	11.4034
Parabolic SAR (0,02-0,02-0,2):	11.4830
Elder Ray (13):	0.0193
Super Trend (3,10):	11.0939
Zig ZAG (10):	11.3601
VORTEX (21):	1.1508
Stochastique (14,3,5):	76.99
TEMA (21):	11.4328
Williams %R (14):	-28.14
Chande Momentum Oscillator (20):	0.2284
Repulse (5,40,3):	0.0676
ROCnROLL:	1
TRIX (15,9):	0.1568
Courbe Coppock:	5.94

MA7:	11.3771
MA20:	11.2132
MA50:	10.9997
MA100:	10.7251
MAexp7:	11.3583
MAexp20:	11.2410
MAexp50:	11.0314
MAexp100:	10.8062
Price / MA7:	-0.18%
Price / MA20:	+1.28%
Price / MA50:	+3.24%
Price / MA100:	+5.88%
Price / MAexp7:	-0.02%
Price / MAexp20:	+1.02%
Price / MAexp50:	+2.94%
Price / MAexp100:	+5.09%

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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