EUR/NOK - 15 min. - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 11.4952 NOK
My targets
11.4095 NOK (-0.0225)
11.3638 NOK (-0.0682)
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 11.4952 NOK. The next support located at 11.4095 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 11.3638 NOK. Below this support, sellers could then target 11.1293 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 11.4320 NOK. The price registered a decrease of -0.50% on the session and was traded between 11.4270 NOK and 11.5024 NOK over the period. The price is currently at +0.04% from its lowest and -0.61% from its highest.11.4270
11.5024
11.4320
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 EUR/NOK in 15 min. shows a overall strongly bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 11.1293 | 11.4063 | 11.4264 | 11.4320 | 11.4691 | 11.4924 | 11.5075 |
| Change (%) | -2.65% | -0.22% | -0.05% | - | +0.32% | +0.53% | +0.66% |
| Change | -0.3027 | -0.0257 | -0.0056 | - | +0.0371 | +0.0604 | +0.0755 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 11.3638 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.65 | |
| MACD (12,26,9): | -0.0102 | |
| Directional Movement: | -9.9926 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 11.4450 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.4681 | |
| Elder Ray (13): | -0.0199 | |
| Super Trend (3,10): | 11.4736 | |
| Zig ZAG (10): | 11.4289 | |
| VORTEX (21): | 0.8752 | |
| Stochastique (14,3,5): | 6.43 | |
| TEMA (21): | 11.4395 | |
| Williams %R (14): | -90.58 | |
| Chande Momentum Oscillator (20): | -0.0424 | |
| Repulse (5,40,3): | -0.1245 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0079 | |
| Courbe Coppock: | 0.53 |
| MA7: | 11.4869 | |
| MA20: | 11.4954 | |
| MA50: | 11.3938 | |
| MA100: | 11.5324 | |
| MAexp7: | 11.4397 | |
| MAexp20: | 11.4572 | |
| MAexp50: | 11.4704 | |
| MAexp100: | 11.4805 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | +0.34% | |
| Price / MA100: | -0.87% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.43% |
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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