EUR/NOK - Daily - Technical analysis published on 08/10/2023 (GMT)
- 178
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 11.1458 NOK and 11.5023 NOK
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 11.1458 NOK. The first resistance is located at 11.5023 NOK. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The EUR/NOK rating is 11.3094 NOK. On the day, this instrument gained +1.01% with the lowest point at 11.1570 NOK and the highest point at 11.3174 NOK. The deviation from the price is +1.37% for the low point and -0.07% for the high point.11.1570
11.3174
11.3094
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/NOK indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.6483 | 10.8273 | 11.1458 | 11.3094 | 11.5023 | 11.8275 | 12.0020 |
| Change (%) | -5.85% | -4.26% | -1.45% | - | +1.71% | +4.58% | +6.12% |
| Change | -0.6611 | -0.4821 | -0.1636 | - | +0.1929 | +0.5181 | +0.6926 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | 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 | 11.0828 | 11.1332 | 11.1648 | 11.2152 | 11.2468 | 11.2972 | 11.3288 |
| Camarilla | 11.1740 | 11.1815 | 11.1890 | 11.1965 | 11.2040 | 11.2115 | 11.2191 |
| Woodie | 11.0735 | 11.1285 | 11.1555 | 11.2105 | 11.2375 | 11.2925 | 11.3195 |
| Fibonacci | 11.1332 | 11.1645 | 11.1838 | 11.2152 | 11.2465 | 11.2658 | 11.2972 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.9340 | 11.0297 | 11.0959 | 11.1916 | 11.2578 | 11.3535 | 11.4197 |
| Camarilla | 11.1177 | 11.1325 | 11.1474 | 11.1622 | 11.1770 | 11.1919 | 11.2067 |
| Woodie | 10.9194 | 11.0223 | 11.0813 | 11.1842 | 11.2432 | 11.3461 | 11.4051 |
| Fibonacci | 11.0297 | 11.0915 | 11.1297 | 11.1916 | 11.2534 | 11.2916 | 11.3535 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.2056 | 10.6506 | 10.8956 | 11.3406 | 11.5856 | 12.0306 | 12.2756 |
| Camarilla | 10.9508 | 11.0140 | 11.0773 | 11.1405 | 11.2038 | 11.2670 | 11.3303 |
| Woodie | 10.1055 | 10.6006 | 10.7955 | 11.2906 | 11.4855 | 11.9806 | 12.1755 |
| Fibonacci | 10.6506 | 10.9142 | 11.0771 | 11.3406 | 11.6042 | 11.7671 | 12.0306 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.52 | |
| MACD (12,26,9): | -0.0671 | |
| Directional Movement: | 3.9862 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 11.1585 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1301 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 11.5022 | |
| Zig ZAG (10): | 11.3065 | |
| VORTEX (21): | 0.9698 | |
| Stochastique (14,3,5): | 70.65 | |
| TEMA (21): | 11.1744 | |
| Williams %R (14): | -4.29 | |
| Chande Momentum Oscillator (20): | 0.1849 | |
| Repulse (5,40,3): | 1.2890 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1260 | |
| Courbe Coppock: | 0.15 |
| MA7: | 11.2214 | |
| MA20: | 11.2170 | |
| MA50: | 11.4715 | |
| MA100: | 11.5376 | |
| MAexp7: | 11.2290 | |
| MAexp20: | 11.2633 | |
| MAexp50: | 11.3923 | |
| MAexp100: | 11.3855 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | -1.41% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | -0.73% | |
| Price / MAexp100: | -0.67% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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