EUR/NOK - 1H - Technical analysis published on 12/03/2019 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 10.1268 NOK
My targets
10.1652 NOK (+0.0105)
10.2557 NOK (+0.1010)
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 10.1268 NOK. The buyers” bullish objective is set at 10.1652 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.2557 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
0
10
7.1
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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 10.1547 NOK. The price registered a decrease of -0.02% on the session with the lowest point at 10.1225 NOK and the highest point at 10.1615 NOK. The deviation from the price is +0.32% for the low point and -0.07% for the high point.10.1225
10.1615
10.1547
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/NOK in 1H shows a strongly overall 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.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.0947 | 10.1268 | 10.1512 | 10.1547 | 10.1652 | 10.2557 |
| Change (%) | -0.59% | -0.27% | -0.03% | - | +0.10% | +0.99% |
| Change | -0.0600 | -0.0279 | -0.0035 | - | +0.0105 | +0.1010 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0738 | 10.0923 | 10.1245 | 10.1430 | 10.1752 | 10.1937 | 10.2259 |
| Camarilla | 10.1429 | 10.1475 | 10.1522 | 10.1568 | 10.1615 | 10.1661 | 10.1707 |
| Woodie | 10.0808 | 10.0957 | 10.1315 | 10.1464 | 10.1822 | 10.1971 | 10.2329 |
| Fibonacci | 10.0923 | 10.1116 | 10.1236 | 10.1430 | 10.1623 | 10.1743 | 10.1937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9915 | 10.0277 | 10.0927 | 10.1289 | 10.1939 | 10.2301 | 10.2951 |
| Camarilla | 10.1298 | 10.1391 | 10.1483 | 10.1576 | 10.1669 | 10.1762 | 10.1854 |
| Woodie | 10.0058 | 10.0349 | 10.1070 | 10.1361 | 10.2082 | 10.2373 | 10.3094 |
| Fibonacci | 10.0277 | 10.0664 | 10.0903 | 10.1289 | 10.1676 | 10.1915 | 10.2301 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8034 | 9.9147 | 10.0361 | 10.1474 | 10.2688 | 10.3801 | 10.5015 |
| Camarilla | 10.0936 | 10.1149 | 10.1363 | 10.1576 | 10.1789 | 10.2003 | 10.2216 |
| Woodie | 9.8086 | 9.9172 | 10.0413 | 10.1499 | 10.2740 | 10.3826 | 10.5067 |
| Fibonacci | 9.9147 | 10.0036 | 10.0585 | 10.1474 | 10.2363 | 10.2912 | 10.3801 |
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): | 51.56 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -8.5141 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 10.1457 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1558 | |
| Elder Ray (13): | -0.0074 | |
| Super Trend (3,10): | 10.1638 | |
| Zig ZAG (10): | 10.1537 | |
| VORTEX (21): | 0.9752 | |
| Stochastique (14,3,5): | 33.41 | |
| TEMA (21): | 10.1419 | |
| Williams %R (14): | -28.21 | |
| Chande Momentum Oscillator (20): | -0.0016 | |
| Repulse (5,40,3): | 0.1806 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0027 | |
| Courbe Coppock: | 0.14 |
| MA7: | 10.1243 | |
| MA20: | 10.1051 | |
| MA50: | 10.1003 | |
| MA100: | 9.9966 | |
| MAexp7: | 10.1437 | |
| MAexp20: | 10.1443 | |
| MAexp50: | 10.1382 | |
| MAexp100: | 10.1274 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +1.58% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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