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 08/03/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 11.2324 NOK
My targets
11.2872 NOK (+0.0259)
11.3743 NOK (+0.1130)
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 11.2324 NOK. The next resistance located at 11.2872 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 11.3743 NOK. After this resistance, buyers could then target 11.5023 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, 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
7.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/NOK rating 11.2613 NOK. The price registered an increase of +0.00% on the session with the lowest point at 11.2316 NOK and the highest point at 11.2649 NOK. The deviation from the price is +0.26% for the low point and -0.03% for the high point.

11.2316
11.2649
11.2613

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/NOK in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.1707 11.2038 11.2324 11.2613 11.2690 11.2872 11.5023
Change (%) -0.80% -0.51% -0.26% - +0.07% +0.23% +2.14%
Change -0.0906 -0.0575 -0.0289 - +0.0077 +0.0259 +0.2410
Level Minor Minor Intermediate - Minor Intermediate 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
Standard11.044611.092011.176711.224111.308811.356211.4409
Camarilla11.225011.237111.249211.261311.273411.285511.2976
Woodie11.063211.101311.195311.233411.327411.365511.4595
Fibonacci11.092011.142511.173711.224111.274611.305811.3562


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.959711.027711.133011.201011.306311.374311.4796
Camarilla11.190611.206511.222411.238311.254211.270111.2860
Woodie10.978411.037011.151711.210311.325011.383611.4983
Fibonacci11.027711.093911.134811.201011.267211.308111.3743


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.205610.650610.895611.340611.585612.030612.2756
Camarilla10.950811.014011.077311.140511.203811.267011.3303
Woodie10.105510.600610.795511.290611.485511.980612.1755
Fibonacci10.650610.914211.077111.340611.604211.767112.0306

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): 53.93
MACD (12,26,9): 0.0140
Directional Movement: -2.2204
AROON (14): 57.1429
DEMA (21): 11.2520
Parabolic SAR (0,02-0,02-0,2): 11.1978
Elder Ray (13): 0.0026
Super Trend (3,10): 11.1785
Zig ZAG (10): 11.2437
VORTEX (21): 1.0446
Stochastique (14,3,5): 76.24
TEMA (21): 11.2581
Williams %R (14): -27.42
Chande Momentum Oscillator (20): -0.0160
Repulse (5,40,3): -0.0541
ROCnROLL: 1
TRIX (15,9): 0.0185
Courbe Coppock: 1.05
MA7: 11.2121
MA20: 11.2649
MA50: 11.5411
MA100: 11.5449
MAexp7: 11.2476
MAexp20: 11.2335
MAexp50: 11.2139
MAexp100: 11.2019
Price / MA7: +0.44%
Price / MA20: -0.03%
Price / MA50: -2.42%
Price / MA100: -2.46%
Price / MAexp7: +0.11%
Price / MAexp20: +0.24%
Price / MAexp50: +0.41%
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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