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EUR/NOK
EUR NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURNOK
ISIN:

EUR/NOK - 1H - Technical analysis published on 11/07/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.9033 NOK
My targets
12.0020 NOK (+0.0735)
12.0321 NOK (+0.1036)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 11.9033 NOK, you could try to benefit from the boom. The first bullish objective is located at 12.0020 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.0321 NOK as an objective. Crossing it would then enable buyers to target 12.5716 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NOK price is 11.9285 NOK. The price has increased by +0.71% since the last closing and was traded between 11.8376 NOK and 11.9394 NOK over the period. The price is currently at +0.77% from its lowest and -0.09% from its highest.

11.8376
11.9394
11.9285

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/NOK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 11.8705 11.8844 11.9033 11.9285 12.0020 12.5716
Change (%) -0.49% -0.37% -0.21% - +0.62% +5.39%
Change -0.0580 -0.0441 -0.0252 - +0.0735 +0.6431
Level Minor Minor Intermediate - Major 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
Standard11.763611.792411.818611.847411.873611.902411.9286
Camarilla11.829611.834611.839711.844711.849711.854811.8598
Woodie11.762211.791811.817211.846811.872211.901811.9272
Fibonacci11.792411.813411.826411.847411.868411.881411.9024


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.659211.719211.783511.843511.907811.967812.0321
Camarilla11.813611.825011.836411.847811.859211.870611.8820
Woodie11.661411.720311.785711.844611.910011.968912.0343
Fibonacci11.719211.766711.796011.843511.891011.920311.9678


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.813211.039811.431311.657912.049412.276012.6675
Camarilla11.652911.709611.766211.822911.879611.936211.9929
Woodie10.895811.081011.513911.699112.132012.317212.7501
Fibonacci11.039811.275911.421811.657911.894012.039912.2760

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): 70.94
MACD (12,26,9): 0.0191
Directional Movement: 11.8678
AROON (14): 78.5714
DEMA (21): 11.9049
Parabolic SAR (0,02-0,02-0,2): 11.8518
Elder Ray (13): 0.0293
Super Trend (3,10): 11.8635
Zig ZAG (10): 11.9205
VORTEX (21): 1.2220
Stochastique (14,3,5): 82.40
TEMA (21): 11.9208
Williams %R (14): -12.67
Chande Momentum Oscillator (20): 0.0787
Repulse (5,40,3): 0.1761
ROCnROLL: 1
TRIX (15,9): 0.0143
Courbe Coppock: 0.99
MA7: 11.8446
MA20: 11.7369
MA50: 11.5758
MA100: 11.5046
MAexp7: 11.9099
MAexp20: 11.8831
MAexp50: 11.8643
MAexp100: 11.8528
Price / MA7: +0.71%
Price / MA20: +1.63%
Price / MA50: +3.05%
Price / MA100: +3.68%
Price / MAexp7: +0.16%
Price / MAexp20: +0.38%
Price / MAexp50: +0.54%
Price / MAexp100: +0.64%

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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Londinia AI

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