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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 03/05/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11.3915 NOK
My targets
11.4880 NOK (+0.0134)
11.5155 NOK (+0.0409)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 11.3915 NOK, you could try to benefit from the boom. The first bullish objective is located at 11.4880 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.5155 NOK as an objective. Crossing it would then enable buyers to target 11.5991 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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
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15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NOK price is 11.4746 NOK. On the day, this instrument gained +0.00% and was between 11.4212 NOK and 11.5090 NOK. This implies that the price is at +0.47% from its lowest and at -0.30% from its highest.

11.4212
11.5090
11.4746

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.3588 11.3915 11.4669 11.4746 11.4880 11.5155 11.5991
Change (%) -1.01% -0.72% -0.07% - +0.12% +0.36% +1.09%
Change -0.1158 -0.0831 -0.0077 - +0.0134 +0.0409 +0.1245
Level Minor Major Intermediate - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.321111.355311.414911.449111.508711.542911.6025
Camarilla11.448611.457211.465811.474411.483011.491611.5002
Woodie11.333711.361711.427511.455511.521311.549311.6151
Fibonacci11.355311.391211.413311.449111.485011.507111.5429


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.207811.292011.347111.431311.486411.570611.6257
Camarilla11.363911.376711.389411.402211.415011.427711.4405
Woodie11.193311.284711.332611.424011.471911.563311.6112
Fibonacci11.292011.345211.378111.431311.484511.517411.5706


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.117011.203911.341711.428611.566411.653311.7911
Camarilla11.417711.438311.458911.479511.500111.520711.5413
Woodie11.142511.216611.367211.441311.591911.666011.8166
Fibonacci11.203911.289711.342811.428611.514411.567511.6533

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): 63.89
MACD (12,26,9): 0.0050
Directional Movement: 8.6520
AROON (14): 50.0000
DEMA (21): 11.4780
Parabolic SAR (0,02-0,02-0,2): 11.4309
Elder Ray (13): 0.0193
Super Trend (3,10): 11.4992
Zig ZAG (10): 11.4960
VORTEX (21): 1.0044
Stochastique (14,3,5): 71.57
TEMA (21): 11.4774
Williams %R (14): -11.28
Chande Momentum Oscillator (20): 0.0332
Repulse (5,40,3): 0.2122
ROCnROLL: 1
TRIX (15,9): 0.0062
Courbe Coppock: 0.11
MA7: 11.4521
MA20: 11.3947
MA50: 11.3638
MA100: 11.5389
MAexp7: 11.4774
MAexp20: 11.4710
MAexp50: 11.4612
MAexp100: 11.4510
Price / MA7: +0.20%
Price / MA20: +0.70%
Price / MA50: +0.98%
Price / MA100: -0.56%
Price / MAexp7: -0.02%
Price / MAexp20: +0.03%
Price / MAexp50: +0.12%
Price / MAexp100: +0.21%

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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