EUR/NOK - 1H - Technical analysis published on 03/05/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 11.7387 NOK
My targets
11.8180 NOK (+0.0367)
11.8774 NOK (+0.0961)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 11.7387 NOK remains possible. It is advisable to trade EUR/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11.7387 NOK. The next bullish objective for buyers is set at 11.8180 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.8774 NOK. If there is any crossing, the next objective would be the resistance located at 12.0111 NOK. PS: if there is a bearish break in the support located at 11.7387 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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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 11.7813 NOK. The price registered a decrease of -0.04% on the session and was traded between 11.7538 NOK and 11.8389 NOK over the period. The price is currently at +0.23% from its lowest and -0.49% from its highest.11.7538
11.8389
11.7813
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.6716 | 11.7003 | 11.7387 | 11.7813 | 11.7865 | 11.8180 | 11.8774 |
| Change (%) | -0.93% | -0.69% | -0.36% | - | +0.04% | +0.31% | +0.82% |
| Change | -0.1097 | -0.0810 | -0.0426 | - | +0.0052 | +0.0367 | +0.0961 |
| Level | Intermediate | 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 | 11.6548 | 11.6938 | 11.7401 | 11.7791 | 11.8254 | 11.8644 | 11.9107 |
| Camarilla | 11.7630 | 11.7709 | 11.7787 | 11.7865 | 11.7943 | 11.8021 | 11.8100 |
| Woodie | 11.6586 | 11.6956 | 11.7439 | 11.7809 | 11.8292 | 11.8662 | 11.9145 |
| Fibonacci | 11.6938 | 11.7264 | 11.7465 | 11.7791 | 11.8117 | 11.8318 | 11.8644 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5019 | 11.5607 | 11.6213 | 11.6801 | 11.7407 | 11.7995 | 11.8601 |
| Camarilla | 11.6490 | 11.6599 | 11.6709 | 11.6818 | 11.6928 | 11.7037 | 11.7146 |
| Woodie | 11.5027 | 11.5612 | 11.6221 | 11.6806 | 11.7415 | 11.8000 | 11.8609 |
| Fibonacci | 11.5607 | 11.6063 | 11.6345 | 11.6801 | 11.7257 | 11.7539 | 11.7995 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3284 | 11.4345 | 11.5582 | 11.6643 | 11.7880 | 11.8941 | 12.0178 |
| Camarilla | 11.6186 | 11.6397 | 11.6607 | 11.6818 | 11.7029 | 11.7239 | 11.7450 |
| Woodie | 11.3371 | 11.4389 | 11.5669 | 11.6687 | 11.7967 | 11.8985 | 12.0265 |
| Fibonacci | 11.4345 | 11.5223 | 11.5766 | 11.6643 | 11.7521 | 11.8064 | 11.8941 |
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): | 46.16 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | -7.4312 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 11.8057 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8253 | |
| Elder Ray (13): | -0.0108 | |
| Super Trend (3,10): | 11.7707 | |
| Zig ZAG (10): | 11.7873 | |
| VORTEX (21): | 1.0168 | |
| Stochastique (14,3,5): | 44.46 | |
| TEMA (21): | 11.7956 | |
| Williams %R (14): | -61.46 | |
| Chande Momentum Oscillator (20): | -0.0229 | |
| Repulse (5,40,3): | -0.1086 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0093 | |
| Courbe Coppock: | 0.16 |
| MA7: | 11.7241 | |
| MA20: | 11.6702 | |
| MA50: | 11.7178 | |
| MA100: | 11.7417 | |
| MAexp7: | 11.7949 | |
| MAexp20: | 11.7996 | |
| MAexp50: | 11.7813 | |
| MAexp100: | 11.7528 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.24% |
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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