EUR/NOK - 1H - Technical analysis published on 03/23/2020 (GMT)
- 295
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 12.3098 NOK
My targets
12.7962 NOK (+0.1497)
13.1706 NOK (+0.5241)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 12.3098 NOK, you could try to benefit from the boom. The first bullish objective is located at 12.7962 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.1706 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, technical indicators confirm the bullish opinion of this analysis. 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
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 12.6465 NOK. The price has increased by +0.60% since the last closing with the lowest point at 12.5354 NOK and the highest point at 12.7523 NOK. The deviation from the price is +0.89% for the low point and -0.83% for the high point.12.5354
12.7523
12.6465
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on EUR/NOK were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11.5983 | 11.9239 | 12.1990 | 12.6465 | 12.7962 | 13.1706 |
| Change (%) | -8.29% | -5.71% | -3.54% | - | +1.18% | +4.14% |
| Change | -1.0482 | -0.7226 | -0.4475 | - | +0.1497 | +0.5241 |
| Level | Major | Minor | Minor | - | Minor | Intermediate |
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 | 10.6581 | 11.1307 | 11.8511 | 12.3237 | 13.0441 | 13.5167 | 14.2371 |
| Camarilla | 12.2435 | 12.3529 | 12.4622 | 12.5716 | 12.6810 | 12.7903 | 12.8997 |
| Woodie | 10.7821 | 11.1927 | 11.9751 | 12.3857 | 13.1681 | 13.5787 | 14.3611 |
| Fibonacci | 11.1307 | 11.5864 | 11.8679 | 12.3237 | 12.7794 | 13.0609 | 13.5167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4658 | 10.3265 | 11.4491 | 12.3098 | 13.4324 | 14.2931 | 15.4157 |
| Camarilla | 12.0262 | 12.2080 | 12.3898 | 12.5716 | 12.7534 | 12.9352 | 13.1170 |
| Woodie | 9.5967 | 10.3920 | 11.5800 | 12.3753 | 13.5633 | 14.3586 | 15.5466 |
| Fibonacci | 10.3265 | 11.0842 | 11.5522 | 12.3098 | 13.0675 | 13.5355 | 14.2931 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6685 | 9.8347 | 10.1007 | 10.2669 | 10.5329 | 10.6991 | 10.9651 |
| Camarilla | 10.2478 | 10.2875 | 10.3271 | 10.3667 | 10.4063 | 10.4459 | 10.4856 |
| Woodie | 9.7184 | 9.8597 | 10.1506 | 10.2919 | 10.5828 | 10.7241 | 11.0150 |
| Fibonacci | 9.8347 | 9.9998 | 10.1018 | 10.2669 | 10.4320 | 10.5340 | 10.6991 |
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): | 60.68 | |
| MACD (12,26,9): | 0.1155 | |
| Directional Movement: | 7.7777 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 12.6671 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.7962 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 12.2337 | |
| Zig ZAG (10): | 12.6380 | |
| VORTEX (21): | 1.2267 | |
| Stochastique (14,3,5): | 68.49 | |
| TEMA (21): | 12.7211 | |
| Williams %R (14): | -24.75 | |
| Chande Momentum Oscillator (20): | 0.0705 | |
| Repulse (5,40,3): | 0.6348 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1532 | |
| Courbe Coppock: | 3.10 |
| MA7: | 11.9602 | |
| MA20: | 11.0349 | |
| MA50: | 10.4432 | |
| MA100: | 10.2338 | |
| MAexp7: | 12.6243 | |
| MAexp20: | 12.5090 | |
| MAexp50: | 12.3321 | |
| MAexp100: | 12.1032 | |
| Price / MA7: | +5.74% | |
| Price / MA20: | +14.60% | |
| Price / MA50: | +21.10% | |
| Price / MA100: | +23.58% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +1.10% | |
| Price / MAexp50: | +2.55% | |
| Price / MAexp100: | +4.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/NOK - 1H