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 12/18/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 11.7299 NOK

My targets

11.7917 NOK (+0.0184)

11.8579 NOK (+0.0846)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 11.7299 NOK. The buyers' bullish objective is set at 11.7917 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.8579 NOK. If there is any crossing, the next objective would be the resistance located at 11.9957 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

Comment on the 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

EUR/NOK rating 11.7733 NOK. The price has increased by +0.20% since the last closing with the lowest point at 11.7386 NOK and the highest point at 11.7904 NOK. The deviation from the price is +0.30% for the low point and -0.15% for the high point.

11.7386

11.7904

11.7733

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, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this EUR/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.6926	11.7137	11.7299	11.7733	11.7737	11.7917	11.8579
Change (%)	-0.69%	-0.51%	-0.37%	-	+0.00%	+0.16%	+0.72%
Change	-0.0807	-0.0596	-0.0434	-	+0.0004	+0.0184	+0.0846
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.6625	11.6896	11.7196	11.7467	11.7767	11.8038	11.8338
Camarilla	11.7338	11.7390	11.7443	11.7495	11.7547	11.7600	11.7652
Woodie	11.6639	11.6903	11.7210	11.7474	11.7781	11.8045	11.8352
Fibonacci	11.6896	11.7115	11.7249	11.7467	11.7686	11.7820	11.8038

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4598	11.5481	11.6254	11.7137	11.7910	11.8793	11.9566
Camarilla	11.6571	11.6722	11.6874	11.7026	11.7178	11.7330	11.7481
Woodie	11.4542	11.5454	11.6198	11.7110	11.7854	11.8766	11.9510
Fibonacci	11.5481	11.6114	11.6505	11.7137	11.7770	11.8161	11.8793

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.9598	11.2353	11.4433	11.7188	11.9268	12.2023	12.4103
Camarilla	11.5184	11.5628	11.6071	11.6514	11.6957	11.7400	11.7844
Woodie	10.9262	11.2184	11.4097	11.7019	11.8932	12.1854	12.3767
Fibonacci	11.2353	11.4200	11.5341	11.7188	11.9035	12.0176	12.2023

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):	70.45
MACD (12,26,9):	0.0070
Directional Movement:	14.8642
AROON (14):	64.2857
DEMA (21):	11.7635
Parabolic SAR (0,02-0,02-0,2):	11.7365
Elder Ray (13):	0.0131
Super Trend (3,10):	11.7311
Zig ZAG (10):	11.7810
VORTEX (21):	1.0483
Stochastique (14,3,5):	81.03
TEMA (21):	11.7643
Williams %R (14):	-1.06
Chande Momentum Oscillator (20):	0.0310
Repulse (5,40,3):	0.3163
ROCnROLL:	1
TRIX (15,9):	0.0073
Courbe Coppock:	0.08

MA7:	11.7289
MA20:	11.6829
MA50:	11.7602
MA100:	11.7694
MAexp7:	11.7633
MAexp20:	11.7538
MAexp50:	11.7406
MAexp100:	11.7274
Price / MA7:	+0.38%
Price / MA20:	+0.77%
Price / MA50:	+0.11%
Price / MA100:	+0.03%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.28%
Price / MAexp100:	+0.39%

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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