EUR/NOK - 1H - Technical analysis published on 09/22/2023 (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
33%
33%
33%
My opinion
Bearish under 11.4924 NOK
My targets
11.4264 NOK (-0.0505)
11.4063 NOK (-0.0706)
My analysis
The bearish trend is currently very strong for EUR/NOK. As long as the price remains below the resistance at 11.4924 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.4264 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.4063 NOK as an objective. Crossing it would then enable sellers to target 11.1293 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by mosabalzayed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 11.4769 NOK. The price registered a decrease of -0.11% on the session and was between 11.4599 NOK and 11.4967 NOK. This implies that the price is at +0.15% from its lowest and at -0.17% from its highest.11.4599
11.4967
11.4769
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.4063 | 11.4264 | 11.4691 | 11.4769 | 11.4924 | 11.5075 | 11.5408 |
| Change (%) | -0.62% | -0.44% | -0.07% | - | +0.14% | +0.27% | +0.56% |
| Change | -0.0706 | -0.0505 | -0.0078 | - | +0.0155 | +0.0306 | +0.0639 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3638 | 11.4095 | 11.4495 | 11.4952 | 11.5352 | 11.5809 | 11.6209 |
| Camarilla | 11.4660 | 11.4739 | 11.4817 | 11.4896 | 11.4975 | 11.5053 | 11.5132 |
| Woodie | 11.3611 | 11.4081 | 11.4468 | 11.4938 | 11.5325 | 11.5795 | 11.6182 |
| Fibonacci | 11.4095 | 11.4422 | 11.4624 | 11.4952 | 11.5279 | 11.5481 | 11.5809 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3095 | 11.3547 | 11.4261 | 11.4713 | 11.5427 | 11.5879 | 11.6593 |
| Camarilla | 11.4654 | 11.4761 | 11.4868 | 11.4975 | 11.5082 | 11.5189 | 11.5296 |
| Woodie | 11.3226 | 11.3613 | 11.4392 | 11.4779 | 11.5558 | 11.5945 | 11.6724 |
| Fibonacci | 11.3547 | 11.3992 | 11.4268 | 11.4713 | 11.5158 | 11.5434 | 11.5879 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.08 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | 0.3929 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 11.4772 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5248 | |
| Elder Ray (13): | -0.0101 | |
| Super Trend (3,10): | 11.5271 | |
| Zig ZAG (10): | 11.4772 | |
| VORTEX (21): | 0.9674 | |
| Stochastique (14,3,5): | 19.55 | |
| TEMA (21): | 11.4738 | |
| Williams %R (14): | -69.44 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.1475 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0058 | |
| Courbe Coppock: | 0.34 |
| MA7: | 11.4946 | |
| MA20: | 11.4976 | |
| MA50: | 11.3948 | |
| MA100: | 11.5329 | |
| MAexp7: | 11.4780 | |
| MAexp20: | 11.4857 | |
| MAexp50: | 11.4939 | |
| MAexp100: | 11.4955 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +0.72% | |
| Price / MA100: | -0.49% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.16% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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