EUR/NOK - 1H - Technical analysis published on 04/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 11.3582 NOK
My targets
11.5124 NOK (+0.1001)
11.6187 NOK (+0.2064)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 11.3582 NOK, you could try to benefit from the boom. The first bullish objective is located at 11.5124 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.6187 NOK as an objective. Crossing it would then enable buyers to target 11.6614 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.1
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Additional analysis
Quotes
The EUR/NOK rating is 11.4123 NOK. On the day, this instrument gained +0.00% and was between 11.4055 NOK and 11.4176 NOK. This implies that the price is at +0.06% from its lowest and at -0.05% from its highest.11.4055
11.4176
11.4123
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 11.2076 | 11.3116 | 11.3582 | 11.4123 | 11.4139 | 11.6614 | 12.5716 |
| Change (%) | -1.79% | -0.88% | -0.47% | - | +0.01% | +2.18% | +10.16% |
| Change | -0.2047 | -0.1007 | -0.0541 | - | +0.0016 | +0.2491 | +1.1593 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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): | 58.06 | |
| MACD (12,26,9): | 0.0084 | |
| Directional Movement: | 7.4043 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 11.4164 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.3792 | |
| Elder Ray (13): | 0.0045 | |
| Super Trend (3,10): | 11.4303 | |
| Zig ZAG (10): | 11.4138 | |
| VORTEX (21): | 1.1735 | |
| Stochastique (14,3,5): | 84.55 | |
| TEMA (21): | 11.4127 | |
| Williams %R (14): | -29.55 | |
| Chande Momentum Oscillator (20): | 0.0105 | |
| Repulse (5,40,3): | -0.0421 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.32 |
| MA7: | 11.3453 | |
| MA20: | 11.3377 | |
| MA50: | 11.1407 | |
| MA100: | 10.8415 | |
| MAexp7: | 11.4115 | |
| MAexp20: | 11.4047 | |
| MAexp50: | 11.3818 | |
| MAexp100: | 11.3536 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +2.44% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.52% |
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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