GBP/NOK - 1H - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 13.7107 NOK
My targets
13.7562 NOK (+0.0199)
13.8816 NOK (+0.1453)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/NOK. As long as you are above the support located at 13.7107 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 13.7562 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 13.8816 NOK as an objective. If the support 13.7107 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
The GBP/NOK rating is 13.7363 NOK. The price registered a decrease of -0.09% on the session with the lowest point at 13.7163 NOK and the highest point at 13.7599 NOK. The deviation from the price is +0.15% for the low point and -0.17% for the high point.13.7163
13.7599
13.7363
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NOK:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/NOK indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish 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:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.5536 | 13.6402 | 13.7107 | 13.7363 | 13.7562 | 13.8816 |
| Change (%) | -1.33% | -0.70% | -0.19% | - | +0.14% | +1.06% |
| Change | -0.1827 | -0.0961 | -0.0256 | - | +0.0199 | +0.1453 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 13.6111 | 13.6414 | 13.6951 | 13.7254 | 13.7791 | 13.8094 | 13.8631 |
| Camarilla | 13.7258 | 13.7335 | 13.7412 | 13.7489 | 13.7566 | 13.7643 | 13.7720 |
| Woodie | 13.6229 | 13.6473 | 13.7069 | 13.7313 | 13.7909 | 13.8153 | 13.8749 |
| Fibonacci | 13.6414 | 13.6735 | 13.6933 | 13.7254 | 13.7575 | 13.7773 | 13.8094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.3215 | 13.3995 | 13.4849 | 13.5629 | 13.6483 | 13.7263 | 13.8117 |
| Camarilla | 13.5254 | 13.5403 | 13.5553 | 13.5703 | 13.5853 | 13.6003 | 13.6152 |
| Woodie | 13.3252 | 13.4014 | 13.4886 | 13.5648 | 13.6520 | 13.7282 | 13.8154 |
| Fibonacci | 13.3995 | 13.4619 | 13.5005 | 13.5629 | 13.6253 | 13.6639 | 13.7263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.9199 | 13.1050 | 13.3785 | 13.5636 | 13.8371 | 14.0222 | 14.2957 |
| Camarilla | 13.5260 | 13.5680 | 13.6101 | 13.6521 | 13.6941 | 13.7362 | 13.7782 |
| Woodie | 12.9642 | 13.1271 | 13.4228 | 13.5857 | 13.8814 | 14.0443 | 14.3400 |
| Fibonacci | 13.1050 | 13.2802 | 13.3884 | 13.5636 | 13.7388 | 13.8470 | 14.0222 |
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): | 54.69 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 4.1902 | |
| AROON (14): | 0 | |
| DEMA (21): | 13.7474 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.7172 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 13.7004 | |
| Zig ZAG (10): | 13.7424 | |
| VORTEX (21): | 1.0399 | |
| Stochastique (14,3,5): | 56.19 | |
| TEMA (21): | 13.7431 | |
| Williams %R (14): | -41.28 | |
| Chande Momentum Oscillator (20): | -0.0071 | |
| Repulse (5,40,3): | 0.0099 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0084 | |
| Courbe Coppock: | 0.10 |
| MA7: | 13.6588 | |
| MA20: | 13.6216 | |
| MA50: | 13.4790 | |
| MA100: | 13.3920 | |
| MAexp7: | 13.7407 | |
| MAexp20: | 13.7378 | |
| MAexp50: | 13.7190 | |
| MAexp100: | 13.6874 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +1.91% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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