EUR/NOK

- NOK (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURNOK
ISIN:

EUR/NOK - 1H - Technical analysis published on 01/31/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 11.7757 NOK

My targets

11.7346 NOK (-0.0133)

11.7206 NOK (-0.0273)

My analysis

The bearish trend is currently very strong for EUR/NOK. As long as the price remains below the resistance at 11.7757 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.7346 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.7206 NOK as an objective. Crossing it would then enable sellers to target 11.6344 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/NOK price is 11.7479 NOK. The price is lower by -0.17% since the last closing and was between 11.7316 NOK and 11.7777 NOK. This implies that the price is at +0.14% from its lowest and at -0.25% from its highest.

11.7316

11.7777

11.7479

Here is a more detailed summary of the historical variations registered by EUR/NOK:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/NOK chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.7206	11.7346	11.7471	11.7479	11.7580	11.7757	11.7986
Change (%)	-0.23%	-0.11%	-0.01%	-	+0.09%	+0.24%	+0.43%
Change	-0.0273	-0.0133	-0.0008	-	+0.0101	+0.0278	+0.0507
Level	Intermediate	Minor	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
Standard	11.6855	11.7143	11.7411	11.7699	11.7967	11.8255	11.8523
Camarilla	11.7527	11.7578	11.7629	11.7680	11.7731	11.7782	11.7833
Woodie	11.6846	11.7138	11.7402	11.7694	11.7958	11.8250	11.8514
Fibonacci	11.7143	11.7355	11.7486	11.7699	11.7911	11.8042	11.8255

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.5996	11.6601	11.7050	11.7655	11.8104	11.8709	11.9158
Camarilla	11.7209	11.7306	11.7402	11.7499	11.7596	11.7692	11.7789
Woodie	11.5918	11.6562	11.6972	11.7616	11.8026	11.8670	11.9080
Fibonacci	11.6601	11.7004	11.7252	11.7655	11.8058	11.8306	11.8709

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.3320	11.4657	11.6248	11.7585	11.9176	12.0513	12.2104
Camarilla	11.7035	11.7303	11.7572	11.7840	11.8108	11.8377	11.8645
Woodie	11.3448	11.4721	11.6376	11.7649	11.9304	12.0577	12.2232
Fibonacci	11.4657	11.5775	11.6466	11.7585	11.8703	11.9394	12.0513

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):	36.68
MACD (12,26,9):	-0.0063
Directional Movement:	-15.9346
AROON (14):	-85.7143
DEMA (21):	11.7487
Parabolic SAR (0,02-0,02-0,2):	11.7668
Elder Ray (13):	-0.0176
Super Trend (3,10):	11.7764
Zig ZAG (10):	11.7357
VORTEX (21):	0.9194
Stochastique (14,3,5):	17.47
TEMA (21):	11.7444
Williams %R (14):	-93.04
Chande Momentum Oscillator (20):	-0.0332
Repulse (5,40,3):	-0.1723
ROCnROLL:	2
TRIX (15,9):	-0.0049
Courbe Coppock:	0.33

MA7:	11.7609
MA20:	11.7446
MA50:	11.7309
MA100:	11.7568
MAexp7:	11.7477
MAexp20:	11.7561
MAexp50:	11.7630
MAexp100:	11.7659
Price / MA7:	-0.11%
Price / MA20:	+0.03%
Price / MA50:	+0.14%
Price / MA100:	-0.08%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.15%

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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