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EUR/NOK
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 09/23/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 9.9511 NOK
My targets
9.9998 NOK (+0.23%)
10.0585 NOK (+0.82%)
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 9.9511 NOK. The buyers” bullish objective is set at 9.9998 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.0585 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NOK price is 9.9767 NOK. On the day, this instrument lost -0.06% and was traded between 9.9634 NOK and 9.9995 NOK over the period. The price is currently at +0.13% from its lowest and -0.23% from its highest.

9.9634
9.9995
9.9767

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 9.8755 9.9130 9.9511 9.9767 9.9998 10.0585
Change (%) -1.01% -0.64% -0.26% - +0.23% +0.82%
Change -0.1012 -0.0637 -0.0256 - +0.0231 +0.0818
Level Minor Intermediate Intermediate - Major Major



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
Standard9.84909.88129.93229.964410.015410.047610.0986
Camarilla9.96029.96799.97559.98319.99079.998410.0060
Woodie9.85839.88599.94159.969110.024710.052310.1079
Fibonacci9.88129.91309.93279.96449.996210.015910.0476


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.68559.75049.86689.931710.048110.113010.2294
Camarilla9.93329.94999.96659.98319.999710.016310.0330
Woodie9.71129.76339.89259.944610.073810.125910.2551
Fibonacci9.75049.81979.86259.931710.001010.043810.1130


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.53159.65949.84129.969110.150910.278810.4606
Camarilla9.93789.96629.994610.023010.051410.079810.1082
Woodie9.55859.67299.86829.982610.177910.292310.4876
Fibonacci9.65949.77779.85089.969110.087410.160510.2788

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): 55.30
MACD (12,26,9): 0.0084
Directional Movement: 4.4264
AROON (14): -28.5714
DEMA (21): 9.9879
Parabolic SAR (0,02-0,02-0,2): 9.9988
Elder Ray (13): -0.0037
Super Trend (3,10): 9.9563
Zig ZAG (10): 9.9782
VORTEX (21): 1.0533
Stochastique (14,3,5): 29.87
TEMA (21): 9.9830
Williams %R (14): -59.00
Chande Momentum Oscillator (20): 0.0046
Repulse (5,40,3): 0.0220
ROCnROLL: 1
TRIX (15,9): 0.0169
Courbe Coppock: 0.03
MA7: 9.9198
MA20: 9.9424
MA50: 9.8874
MA100: 9.8140
MAexp7: 9.9795
MAexp20: 9.9745
MAexp50: 9.9525
MAexp100: 9.9305
Price / MA7: +0.57%
Price / MA20: +0.34%
Price / MA50: +0.90%
Price / MA100: +1.66%
Price / MAexp7: -0.03%
Price / MAexp20: +0.02%
Price / MAexp50: +0.24%
Price / MAexp100: +0.47%

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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