EUR/NOK

- NOK (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURNOK
ISIN:

EUR/NOK - Daily - Technical analysis published on 08/10/2023 (GMT)

221
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08/10/2023 - 18:35
0

Timeframe : Daily
- Analysis generated on 08/10/2023 - 18:35
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

67%

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.

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

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

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

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 : 08/10/2023 - 18:35 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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