EUR/NOK - 1H - Technical analysis published on 06/13/2024 (GMT)
- 171
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 11.4846 NOK
My targets
11.4165 NOK (-0.0218)
11.3867 NOK (-0.0516)
My analysis
The bearish trend is currently very strong for EUR/NOK. As long as the price remains below the resistance at 11.4846 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.4165 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.3867 NOK as an objective. Crossing it would then enable sellers to target 11.3633 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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 11.4383 NOK. On the day, this instrument lost -0.02% and was between 11.4070 NOK and 11.4803 NOK. This implies that the price is at +0.27% from its lowest and at -0.37% from its highest.11.4070
11.4803
11.4383
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/NOK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
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 | 11.3633 | 11.3867 | 11.4165 | 11.4383 | 11.4846 | 11.5187 | 11.5420 |
| Change (%) | -0.66% | -0.45% | -0.19% | - | +0.40% | +0.70% | +0.91% |
| Change | -0.0750 | -0.0516 | -0.0218 | - | +0.0463 | +0.0804 | +0.1037 |
| Level | Major | Major | Minor | - | Major | Intermediate | 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 | 11.2364 | 11.2993 | 11.3701 | 11.4330 | 11.5038 | 11.5667 | 11.6375 |
| Camarilla | 11.4042 | 11.4165 | 11.4287 | 11.4410 | 11.4533 | 11.4655 | 11.4778 |
| Woodie | 11.2405 | 11.3013 | 11.3742 | 11.4350 | 11.5079 | 11.5687 | 11.6416 |
| Fibonacci | 11.2993 | 11.3503 | 11.3819 | 11.4330 | 11.4840 | 11.5156 | 11.5667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.2184 | 11.2921 | 11.4316 | 11.5053 | 11.6448 | 11.7185 | 11.8580 |
| Camarilla | 11.5126 | 11.5321 | 11.5517 | 11.5712 | 11.5907 | 11.6103 | 11.6298 |
| Woodie | 11.2514 | 11.3086 | 11.4646 | 11.5218 | 11.6778 | 11.7350 | 11.8910 |
| Fibonacci | 11.2921 | 11.3735 | 11.4238 | 11.5053 | 11.5867 | 11.6370 | 11.7185 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7089 | 11.0394 | 11.2120 | 11.5425 | 11.7151 | 12.0456 | 12.2182 |
| Camarilla | 11.2463 | 11.2924 | 11.3385 | 11.3846 | 11.4307 | 11.4768 | 11.5230 |
| Woodie | 10.6300 | 10.9999 | 11.1331 | 11.5030 | 11.6362 | 12.0061 | 12.1393 |
| Fibonacci | 11.0394 | 11.2316 | 11.3503 | 11.5425 | 11.7347 | 11.8534 | 12.0456 |
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): | 46.96 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -1.9643 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 11.4426 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.4681 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 11.4217 | |
| Zig ZAG (10): | 11.4393 | |
| VORTEX (21): | 1.0021 | |
| Stochastique (14,3,5): | 45.22 | |
| TEMA (21): | 11.4441 | |
| Williams %R (14): | -48.67 | |
| Chande Momentum Oscillator (20): | -0.0207 | |
| Repulse (5,40,3): | 0.0034 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0005 | |
| Courbe Coppock: | 0.25 |
| MA7: | 11.4840 | |
| MA20: | 11.4875 | |
| MA50: | 11.6135 | |
| MA100: | 11.5410 | |
| MAexp7: | 11.4432 | |
| MAexp20: | 11.4455 | |
| MAexp50: | 11.4534 | |
| MAexp100: | 11.4645 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.23% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/NOK - 1H