GBP/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPNOK
ISIN:

GBP/NOK - 1H - Technical analysis published on 04/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

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

3.8

Comment on the analysis

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 kevinyeungwin. Take part yourself by sharing additional analysis on another time unit:

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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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