EUR/NOK - 1H - Technical analysis published on 04/27/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 11.6930 NOK
My targets
11.7666 NOK (+0.0292)
11.8979 NOK (+0.1605)
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 11.6930 NOK. The buyers' bullish objective is set at 11.7666 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.8979 NOK. If there is any crossing, the next objective would be the resistance located at 12.5716 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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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 11.7374 NOK. The price registered an increase of +0.00% on the session and was traded between 11.7359 NOK and 11.7485 NOK over the period. The price is currently at +0.01% from its lowest and -0.09% from its highest.11.7359
11.7485
11.7374
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11.6614 | 11.6930 | 11.7345 | 11.7374 | 11.7666 | 12.5716 |
| Change (%) | -0.65% | -0.38% | -0.02% | - | +0.25% | +7.11% |
| Change | -0.0760 | -0.0444 | -0.0029 | - | +0.0292 | +0.8342 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6158 | 11.6519 | 11.6948 | 11.7309 | 11.7738 | 11.8099 | 11.8528 |
| Camarilla | 11.7159 | 11.7231 | 11.7304 | 11.7376 | 11.7448 | 11.7521 | 11.7593 |
| Woodie | 11.6191 | 11.6536 | 11.6981 | 11.7326 | 11.7771 | 11.8116 | 11.8561 |
| Fibonacci | 11.6519 | 11.6821 | 11.7008 | 11.7309 | 11.7611 | 11.7798 | 11.8099 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.0968 | 11.2273 | 11.4321 | 11.5626 | 11.7674 | 11.8979 | 12.1027 |
| Camarilla | 11.5447 | 11.5754 | 11.6062 | 11.6369 | 11.6676 | 11.6984 | 11.7291 |
| Woodie | 11.1340 | 11.2459 | 11.4693 | 11.5812 | 11.8046 | 11.9165 | 12.1399 |
| Fibonacci | 11.2273 | 11.3554 | 11.4345 | 11.5626 | 11.6907 | 11.7698 | 11.8979 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.78 | |
| MACD (12,26,9): | 0.0084 | |
| Directional Movement: | -5.3752 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 11.7491 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7595 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 11.6916 | |
| Zig ZAG (10): | 11.7389 | |
| VORTEX (21): | 1.0743 | |
| Stochastique (14,3,5): | 62.08 | |
| TEMA (21): | 11.7452 | |
| Williams %R (14): | -42.54 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0353 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0133 | |
| Courbe Coppock: | 0.29 |
| MA7: | 11.6681 | |
| MA20: | 11.4990 | |
| MA50: | 11.3167 | |
| MA100: | 11.0073 | |
| MAexp7: | 11.7410 | |
| MAexp20: | 11.7363 | |
| MAexp50: | 11.7137 | |
| MAexp100: | 11.6769 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +3.72% | |
| Price / MA100: | +6.63% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.20% | |
| 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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