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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 03/06/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 10.3774 NOK
My targets
10.5006 NOK (+0.0773)
10.6344 NOK (+0.2111)
My analysis
The basic bullish trend is very strong on EUR/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.3774 NOK. Crossing the first resistance at 10.5006 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 10.6344 NOK as an objective. Crossing it would then enable buyers to target 10.8358 NOK. Caution, a return to below 10.3774 NOK would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.5

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 10.4233 NOK. On the day, this instrument gained -0.03% and was between 10.4156 NOK and 10.4849 NOK. This implies that the price is at +0.07% from its lowest and at -0.59% from its highest.

10.4156
10.4849
10.4233

Here is a more detailed summary of the historical variations registered by EUR/NOK:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/NOK chart shows a strongly 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



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

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

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 10.2557 10.2990 10.3774 10.4233 10.4326
Change (%) -1.61% -1.19% -0.44% - +0.09%
Change -0.1676 -0.1243 -0.0459 - +0.0093
Level Minor Major Intermediate - Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.195910.247310.336810.388210.477710.529110.6186
Camarilla10.387710.400610.413510.426410.439310.452210.4652
Woodie10.215110.256810.356010.397710.496910.538610.6378
Fibonacci10.247310.301110.334310.388210.442010.475210.5291


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.83029.964010.165410.299210.500610.634410.8358
Camarilla10.274510.305310.336010.366710.397410.428210.4589
Woodie9.86399.980910.199110.316110.534310.651310.8695
Fibonacci9.964010.092110.171210.299210.427310.506410.6344


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.66859.834710.100710.266910.532910.699110.9651
Camarilla10.247810.287510.327110.366710.406310.445910.4856
Woodie9.71849.859710.150610.291910.582810.724111.0150
Fibonacci9.83479.999810.101810.266910.432010.534010.6991

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): 53.38
MACD (12,26,9): 0.0230
Directional Movement: 6.8486
AROON (14): 57.1429
DEMA (21): 10.4534
Parabolic SAR (0,02-0,02-0,2): 10.4812
Elder Ray (13): -0.0056
Super Trend (3,10): 10.3978
Zig ZAG (10): 10.4222
VORTEX (21): 1.1636
Stochastique (14,3,5): 39.68
TEMA (21): 10.4658
Williams %R (14): -59.76
Chande Momentum Oscillator (20): 0.0194
Repulse (5,40,3): -0.0273
ROCnROLL: 1
TRIX (15,9): 0.0404
Courbe Coppock: 0.99
MA7: 10.3700
MA20: 10.1860
MA50: 10.0584
MA100: 10.0785
MAexp7: 10.4422
MAexp20: 10.4218
MAexp50: 10.3868
MAexp100: 10.3607
Price / MA7: +0.51%
Price / MA20: +2.33%
Price / MA50: +3.63%
Price / MA100: +3.42%
Price / MAexp7: -0.18%
Price / MAexp20: +0.01%
Price / MAexp50: +0.35%
Price / MAexp100: +0.60%

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

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Londinia
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