EUR/NOK - 1H - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
22%
44%
33%
My opinion
Neutral between 11.8108 NOK and 11.8484 NOK
My targets
-
My analysis
There is no basic trend for EUR/NOK and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 11.8108 NOK. The first resistance is located at 11.8484 NOK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 price is 11.8238 NOK. On the day, this instrument lost -0.02% with the lowest point at 11.7814 NOK and the highest point at 11.8844 NOK. The deviation from the price is +0.36% for the low point and -0.51% for the high point.11.7814
11.8844
11.8238
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a neutral trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
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.
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.7138 | 11.7799 | 11.8108 | 11.8238 | 11.8484 | 11.8723 | 12.0020 |
| Change (%) | -0.93% | -0.37% | -0.11% | - | +0.21% | +0.41% | +1.51% |
| Change | -0.1100 | -0.0439 | -0.0130 | - | +0.0246 | +0.0485 | +0.1782 |
| Level | Minor | Major | Intermediate | - | 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 | 11.7179 | 11.7486 | 11.7875 | 11.8182 | 11.8571 | 11.8878 | 11.9267 |
| Camarilla | 11.8074 | 11.8137 | 11.8201 | 11.8265 | 11.8329 | 11.8393 | 11.8456 |
| Woodie | 11.7221 | 11.7507 | 11.7917 | 11.8203 | 11.8613 | 11.8899 | 11.9309 |
| Fibonacci | 11.7486 | 11.7752 | 11.7916 | 11.8182 | 11.8448 | 11.8612 | 11.8878 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5646 | 11.6372 | 11.7274 | 11.8000 | 11.8902 | 11.9628 | 12.0530 |
| Camarilla | 11.7729 | 11.7879 | 11.8028 | 11.8177 | 11.8326 | 11.8476 | 11.8625 |
| Woodie | 11.5735 | 11.6416 | 11.7363 | 11.8044 | 11.8991 | 11.9672 | 12.0619 |
| Fibonacci | 11.6372 | 11.6994 | 11.7378 | 11.8000 | 11.8622 | 11.9006 | 11.9628 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7734 | 10.9973 | 11.1481 | 11.3720 | 11.5228 | 11.7467 | 11.8975 |
| Camarilla | 11.1959 | 11.2302 | 11.2646 | 11.2989 | 11.3333 | 11.3676 | 11.4019 |
| Woodie | 10.7369 | 10.9790 | 11.1116 | 11.3537 | 11.4863 | 11.7284 | 11.8610 |
| Fibonacci | 10.9973 | 11.1404 | 11.2289 | 11.3720 | 11.5151 | 11.6036 | 11.7467 |
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): | 47.63 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -10.6030 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 11.8295 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8618 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 11.8799 | |
| Zig ZAG (10): | 11.8239 | |
| VORTEX (21): | 0.9959 | |
| Stochastique (14,3,5): | 36.13 | |
| TEMA (21): | 11.8237 | |
| Williams %R (14): | -58.35 | |
| Chande Momentum Oscillator (20): | -0.0263 | |
| Repulse (5,40,3): | 0.0376 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.39 |
| MA7: | 11.8250 | |
| MA20: | 11.6511 | |
| MA50: | 11.5458 | |
| MA100: | 11.4917 | |
| MAexp7: | 11.8243 | |
| MAexp20: | 11.8301 | |
| MAexp50: | 11.8273 | |
| MAexp100: | 11.8183 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | +2.41% | |
| Price / MA100: | +2.89% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.05% |
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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