EUR/NOK - 1H - Technical analysis published on 09/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 11.5422 NOK
My targets
11.4976 NOK (-0.0298)
11.3891 NOK (-0.1383)
My analysis
EUR/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.5422 NOK. The next support located at 11.4976 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.3891 NOK. Below this support, sellers could then target 11.1344 NOK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 11.5274 NOK. The price registered an increase of +0.00% on the session and was between 11.5119 NOK and 11.5416 NOK. This implies that the price is at +0.13% from its lowest and at -0.12% from its highest.11.5119
11.5416
11.5274
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.1344 | 11.4976 | 11.5169 | 11.5274 | 11.5422 | 11.5792 | 11.6000 |
| Change (%) | -3.41% | -0.26% | -0.09% | - | +0.13% | +0.45% | +0.63% |
| Change | -0.3930 | -0.0298 | -0.0105 | - | +0.0148 | +0.0518 | +0.0726 |
| Level | Major | Major | Major | - | Minor | 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 | 11.3939 | 11.4534 | 11.4906 | 11.5501 | 11.5873 | 11.6468 | 11.6840 |
| Camarilla | 11.5012 | 11.5101 | 11.5189 | 11.5278 | 11.5367 | 11.5455 | 11.5544 |
| Woodie | 11.3828 | 11.4478 | 11.4795 | 11.5445 | 11.5762 | 11.6412 | 11.6729 |
| Fibonacci | 11.4534 | 11.4903 | 11.5132 | 11.5501 | 11.5870 | 11.6099 | 11.6468 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3891 | 11.4395 | 11.5001 | 11.5505 | 11.6111 | 11.6615 | 11.7221 |
| Camarilla | 11.5301 | 11.5403 | 11.5504 | 11.5606 | 11.5708 | 11.5810 | 11.5911 |
| Woodie | 11.3941 | 11.4421 | 11.5051 | 11.5531 | 11.6161 | 11.6641 | 11.7271 |
| Fibonacci | 11.4395 | 11.4819 | 11.5081 | 11.5505 | 11.5929 | 11.6191 | 11.6615 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7151 | 10.9187 | 11.2233 | 11.4269 | 11.7315 | 11.9351 | 12.2397 |
| Camarilla | 11.3881 | 11.4346 | 11.4812 | 11.5278 | 11.5744 | 11.6210 | 11.6676 |
| Woodie | 10.7655 | 10.9440 | 11.2737 | 11.4522 | 11.7819 | 11.9604 | 12.2901 |
| Fibonacci | 10.9187 | 11.1129 | 11.2328 | 11.4269 | 11.6211 | 11.7410 | 11.9351 |
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): | 42.50 | |
| MACD (12,26,9): | -0.0090 | |
| Directional Movement: | -7.0824 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 11.5270 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5423 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 11.5806 | |
| Zig ZAG (10): | 11.5284 | |
| VORTEX (21): | 0.9328 | |
| Stochastique (14,3,5): | 30.42 | |
| TEMA (21): | 11.5195 | |
| Williams %R (14): | -72.85 | |
| Chande Momentum Oscillator (20): | -0.0102 | |
| Repulse (5,40,3): | -0.1012 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.50 |
| MA7: | 11.5557 | |
| MA20: | 11.4697 | |
| MA50: | 11.4228 | |
| MA100: | 11.5643 | |
| MAexp7: | 11.5287 | |
| MAexp20: | 11.5378 | |
| MAexp50: | 11.5467 | |
| MAexp100: | 11.5503 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.20% |
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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