EUR/NOK - 1H - Technical analysis published on 04/25/2024 (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 bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 11.6797 NOK
My targets
11.7743 NOK (+0.0133)
11.9197 NOK (+0.1587)
My analysis
EUR/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.6797 NOK. The next resistance located at 11.7743 NOK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.9197 NOK. After this resistance, buyers could then target 11.9957 NOK.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 11.7610 NOK. The price is lower by -0.02% since the last closing and was traded between 11.7474 NOK and 11.7676 NOK over the period. The price is currently at +0.12% from its lowest and -0.06% from its highest.11.7474
11.7676
11.7610
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 year)
Type : Bullish
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
A technical analysis in 1H of this EUR/NOK chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6478 | 11.6797 | 11.7535 | 11.7610 | 11.7743 | 11.9957 | 12.5716 |
| Change (%) | -0.96% | -0.69% | -0.06% | - | +0.11% | +2.00% | +6.89% |
| Change | -0.1132 | -0.0813 | -0.0075 | - | +0.0133 | +0.2347 | +0.8106 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 11.5598 | 11.6037 | 11.6833 | 11.7272 | 11.8068 | 11.8507 | 11.9303 |
| Camarilla | 11.7288 | 11.7402 | 11.7515 | 11.7628 | 11.7741 | 11.7854 | 11.7968 |
| Woodie | 11.5776 | 11.6126 | 11.7011 | 11.7361 | 11.8246 | 11.8596 | 11.9481 |
| Fibonacci | 11.6037 | 11.6509 | 11.6801 | 11.7272 | 11.7744 | 11.8036 | 11.8507 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3713 | 11.4599 | 11.6012 | 11.6898 | 11.8311 | 11.9197 | 12.0610 |
| Camarilla | 11.6794 | 11.7005 | 11.7215 | 11.7426 | 11.7637 | 11.7848 | 11.8058 |
| Woodie | 11.3978 | 11.4731 | 11.6277 | 11.7030 | 11.8576 | 11.9329 | 12.0875 |
| Fibonacci | 11.4599 | 11.5477 | 11.6019 | 11.6898 | 11.7776 | 11.8318 | 11.9197 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.9936 | 11.1578 | 11.4145 | 11.5787 | 11.8354 | 11.9996 | 12.2563 |
| Camarilla | 11.5555 | 11.5940 | 11.6326 | 11.6712 | 11.7098 | 11.7484 | 11.7870 |
| Woodie | 11.0399 | 11.1809 | 11.4608 | 11.6018 | 11.8817 | 12.0227 | 12.3026 |
| Fibonacci | 11.1578 | 11.3186 | 11.4179 | 11.5787 | 11.7395 | 11.8388 | 11.9996 |
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): | 60.16 | |
| MACD (12,26,9): | 0.0121 | |
| Directional Movement: | 8.6848 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 11.7646 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7400 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 11.7201 | |
| Zig ZAG (10): | 11.7581 | |
| VORTEX (21): | 1.1656 | |
| Stochastique (14,3,5): | 69.96 | |
| TEMA (21): | 11.7694 | |
| Williams %R (14): | -29.11 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.0886 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0187 | |
| Courbe Coppock: | 0.17 |
| MA7: | 11.7358 | |
| MA20: | 11.6726 | |
| MA50: | 11.5577 | |
| MA100: | 11.4794 | |
| MAexp7: | 11.7580 | |
| MAexp20: | 11.7477 | |
| MAexp50: | 11.7317 | |
| MAexp100: | 11.7234 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +1.76% | |
| Price / MA100: | +2.45% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.32% |
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.
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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