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 04/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 11.1384 NOK

My targets

11.6614 NOK (+0.2491)

12.1324 NOK (+0.7201)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 11.1384 NOK. The buyers' bullish objective is set at 11.6614 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.1324 NOK. If there is any crossing, the next objective would be the resistance located at 12.5716 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

EUR/NOK rating 11.4123 NOK. The price registered an increase of +0.00% on the session with the lowest point at 11.4055 NOK and the highest point at 11.4176 NOK. The deviation from the price is +0.06% for the low point and -0.05% for the high point.

11.4055

11.4176

11.4123

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of EUR/NOK in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.1990	10.6483	11.1384	11.4123	11.4139	11.6614	12.5716
Change (%)	-10.63%	-6.69%	-2.40%	-	+0.01%	+2.18%	+10.16%
Change	-1.2133	-0.7640	-0.2739	-	+0.0016	+0.2491	+1.1593
Level	Intermediate	Major	Intermediate	-	Major	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	11.3114	11.3348	11.3736	11.3970	11.4358	11.4592	11.4980
Camarilla	11.3953	11.4010	11.4067	11.4124	11.4181	11.4238	11.4295
Woodie	11.3191	11.3387	11.3813	11.4009	11.4435	11.4631	11.5057
Fibonacci	11.3348	11.3586	11.3732	11.3970	11.4208	11.4354	11.4592

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.0643	11.1428	11.2491	11.3276	11.4339	11.5124	11.6187
Camarilla	11.3045	11.3214	11.3384	11.3553	11.3722	11.3892	11.4061
Woodie	11.0781	11.1498	11.2629	11.3346	11.4477	11.5194	11.6325
Fibonacci	11.1428	11.2134	11.2570	11.3276	11.3982	11.4418	11.5124

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.4797	10.7059	11.0306	11.2568	11.5815	11.8077	12.1324
Camarilla	11.2038	11.2543	11.3048	11.3553	11.4058	11.4563	11.5068
Woodie	10.5290	10.7305	11.0799	11.2814	11.6308	11.8323	12.1817
Fibonacci	10.7059	10.9163	11.0464	11.2568	11.4672	11.5973	11.8077

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):	61.94
MACD (12,26,9):	0.0649
Directional Movement:	7.8734
AROON (14):	-21.4286
DEMA (21):	11.3983
Parabolic SAR (0,02-0,02-0,2):	11.2106
Elder Ray (13):	0.0767
Super Trend (3,10):	11.1103
Zig ZAG (10):	11.4130
VORTEX (21):	1.0609
Stochastique (14,3,5):	76.72
TEMA (21):	11.3770
Williams %R (14):	-15.63
Chande Momentum Oscillator (20):	0.0591
Repulse (5,40,3):	0.8291
ROCnROLL:	1
TRIX (15,9):	0.0922
Courbe Coppock:	0.20

MA7:	11.3458
MA20:	11.3376
MA50:	11.1407
MA100:	10.8415
MAexp7:	11.3598
MAexp20:	11.3044
MAexp50:	11.1421
MAexp100:	10.9191
Price / MA7:	+0.59%
Price / MA20:	+0.66%
Price / MA50:	+2.44%
Price / MA100:	+5.26%
Price / MAexp7:	+0.48%
Price / MAexp20:	+0.97%
Price / MAexp50:	+2.44%
Price / MAexp100:	+4.53%

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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