EUR/NOK - 1H - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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%
6%
44%
My opinion
Bullish above 10.1111 NOK
My targets
10.1806 NOK (+0.0494)
10.2557 NOK (+0.1245)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 10.1111 NOK, you could try to benefit from the boom. The first bullish objective is located at 10.1806 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.2557 NOK as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.5
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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 10.1312 NOK. On the day, this instrument gained +0.58% and was between 10.0979 NOK and 10.1465 NOK. This implies that the price is at +0.33% from its lowest and at -0.15% from its highest.10.0979
10.1465
10.1312
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10.0738 | 10.0954 | 10.1111 | 10.1312 | 10.1806 | 10.2557 |
| Change (%) | -0.57% | -0.35% | -0.20% | - | +0.49% | +1.23% |
| Change | -0.0574 | -0.0358 | -0.0201 | - | +0.0494 | +0.1245 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate |
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 | 9.9858 | 10.0185 | 10.0457 | 10.0784 | 10.1056 | 10.1383 | 10.1655 |
| Camarilla | 10.0563 | 10.0618 | 10.0673 | 10.0728 | 10.0783 | 10.0838 | 10.0893 |
| Woodie | 9.9830 | 10.0171 | 10.0429 | 10.0770 | 10.1028 | 10.1369 | 10.1627 |
| Fibonacci | 10.0185 | 10.0414 | 10.0556 | 10.0784 | 10.1013 | 10.1155 | 10.1383 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9018 | 9.9513 | 10.0121 | 10.0616 | 10.1224 | 10.1719 | 10.2327 |
| Camarilla | 10.0425 | 10.0526 | 10.0627 | 10.0728 | 10.0829 | 10.0930 | 10.1031 |
| Woodie | 9.9074 | 9.9541 | 10.0177 | 10.0644 | 10.1280 | 10.1747 | 10.2383 |
| Fibonacci | 9.9513 | 9.9935 | 10.0195 | 10.0616 | 10.1038 | 10.1298 | 10.1719 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5382 | 9.6768 | 9.9428 | 10.0814 | 10.3474 | 10.4860 | 10.7520 |
| Camarilla | 10.0974 | 10.1345 | 10.1716 | 10.2087 | 10.2458 | 10.2829 | 10.3200 |
| Woodie | 9.6018 | 9.7087 | 10.0064 | 10.1133 | 10.4110 | 10.5179 | 10.8156 |
| Fibonacci | 9.6768 | 9.8314 | 9.9269 | 10.0814 | 10.2360 | 10.3315 | 10.4860 |
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): | 59.11 | |
| MACD (12,26,9): | 0.0158 | |
| Directional Movement: | 6.4346 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 10.1363 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.1110 | |
| Elder Ray (13): | 0.0075 | |
| Super Trend (3,10): | 10.1147 | |
| Zig ZAG (10): | 10.1396 | |
| VORTEX (21): | 0.9642 | |
| Stochastique (14,3,5): | 51.32 | |
| TEMA (21): | 10.1423 | |
| Williams %R (14): | -54.91 | |
| Chande Momentum Oscillator (20): | 0.0388 | |
| Repulse (5,40,3): | 0.2274 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0224 | |
| Courbe Coppock: | 0.98 |
| MA7: | 10.0581 | |
| MA20: | 10.1042 | |
| MA50: | 9.9868 | |
| MA100: | 10.0575 | |
| MAexp7: | 10.1303 | |
| MAexp20: | 10.1152 | |
| MAexp50: | 10.0912 | |
| MAexp100: | 10.0750 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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