EUR/NOK - 1H - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.0949 NOK
My targets
10.1185 NOK (+0.14%)
10.1375 NOK (+0.33%)
My analysis
A bullish trend on EUR/NOK both in substance and in the short term. A purchase could be considered as long as the price remains above 10.0949 NOK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 10.1185 NOK. Then the price could move towards 10.1375 NOK. Then 10.1512 NOK by extension. Be careful, a return below 10.0949 NOK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 10.1040 NOK. On the day, this instrument gained +0.09% and was traded between 10.0903 NOK and 10.1172 NOK over the period. The price is currently at +0.14% from its lowest and -0.13% from its highest.10.0903
10.1172
10.1040
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.0590 | 10.0797 | 10.0949 | 10.1040 | 10.1185 | 10.1375 | 10.1512 |
| Change (%) | -0.45% | -0.24% | -0.09% | - | +0.14% | +0.33% | +0.47% |
| Change | -0.0450 | -0.0243 | -0.0091 | - | +0.0145 | +0.0335 | +0.0472 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0369 | 10.0581 | 10.0764 | 10.0976 | 10.1159 | 10.1371 | 10.1554 |
| Camarilla | 10.0837 | 10.0874 | 10.0910 | 10.0946 | 10.0982 | 10.1018 | 10.1055 |
| Woodie | 10.0354 | 10.0574 | 10.0749 | 10.0969 | 10.1144 | 10.1364 | 10.1539 |
| Fibonacci | 10.0581 | 10.0732 | 10.0825 | 10.0976 | 10.1127 | 10.1220 | 10.1371 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8608 | 9.9437 | 10.0235 | 10.1064 | 10.1862 | 10.2691 | 10.3489 |
| Camarilla | 10.0587 | 10.0736 | 10.0885 | 10.1034 | 10.1183 | 10.1332 | 10.1481 |
| Woodie | 9.8594 | 9.9429 | 10.0221 | 10.1056 | 10.1848 | 10.2683 | 10.3475 |
| Fibonacci | 9.9437 | 10.0058 | 10.0442 | 10.1064 | 10.1685 | 10.2069 | 10.2691 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5978 | 9.7525 | 10.0041 | 10.1588 | 10.4104 | 10.5651 | 10.8167 |
| Camarilla | 10.1440 | 10.1812 | 10.2185 | 10.2557 | 10.2929 | 10.3302 | 10.3674 |
| Woodie | 9.6463 | 9.7767 | 10.0526 | 10.1830 | 10.4589 | 10.5893 | 10.8652 |
| Fibonacci | 9.7525 | 9.9077 | 10.0036 | 10.1588 | 10.3140 | 10.4099 | 10.5651 |
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): | 53.06 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 15.1619 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 10.1012 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0894 | |
| Elder Ray (13): | 0.0075 | |
| Super Trend (3,10): | 10.0872 | |
| Zig ZAG (10): | 10.1058 | |
| VORTEX (21): | 0.9594 | |
| Stochastique (14,3,5): | 81.13 | |
| TEMA (21): | 10.1034 | |
| Williams %R (14): | -47.26 | |
| Chande Momentum Oscillator (20): | 0.0087 | |
| Repulse (5,40,3): | 0.0232 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10.1036 | |
| MA20: | 10.1036 | |
| MA50: | 10.0905 | |
| MA100: | 9.9853 | |
| MAexp7: | 10.1023 | |
| MAexp20: | 10.0990 | |
| MAexp50: | 10.0976 | |
| MAexp100: | 10.0988 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +1.19% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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