JPY/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYNOK
ISIN:

JPY/NOK - Daily - Technical analysis published on 04/25/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.07756 NOK

My targets

0.08041 NOK (+0.00144)

0.08242 NOK (+0.00345)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/NOK as long as the price remains well above 0.07756 NOK. The buyers' bullish objective is set at 0.08041 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.08242 NOK. If there is any crossing, the next objective would be the resistance located at 0.08480 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

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

Additional analysis

Quotes

JPY/NOK rating 0.07897 NOK. On the day, this instrument gained +0.60% and was between 0.07825 NOK and 0.07897 NOK. This implies that the price is at +0.92% from its lowest and at 0% from its highest.

0.07825

0.07897

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by JPY/NOK:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/NOK in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07157	0.07526	0.07756	0.07897	0.08041	0.08480	0.09127
Change (%)	-9.37%	-4.70%	-1.79%	-	+1.82%	+7.38%	+15.58%
Change	-0.00740	-0.00371	-0.00141	-	+0.00144	+0.00583	+0.01230
Level	Minor	Major	Major	-	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
Standard	0.07686	0.07753	0.07802	0.07869	0.07918	0.07985	0.08034
Camarilla	0.07818	0.07829	0.07839	0.07850	0.07861	0.07871	0.07882
Woodie	0.07676	0.07749	0.07792	0.07865	0.07908	0.07981	0.08024
Fibonacci	0.07753	0.07798	0.07825	0.07869	0.07914	0.07941	0.07985

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07503	0.07614	0.07756	0.07867	0.08009	0.08120	0.08262
Camarilla	0.07829	0.07853	0.07876	0.07899	0.07922	0.07945	0.07969
Woodie	0.07520	0.07622	0.07773	0.07875	0.08026	0.08128	0.08279
Fibonacci	0.07614	0.07710	0.07770	0.07867	0.07963	0.08023	0.08120

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06840	0.07200	0.07541	0.07901	0.08242	0.08602	0.08943
Camarilla	0.07690	0.07755	0.07819	0.07883	0.07947	0.08012	0.08076
Woodie	0.06832	0.07195	0.07533	0.07896	0.08234	0.08597	0.08935
Fibonacci	0.07200	0.07467	0.07633	0.07901	0.08168	0.08334	0.08602

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.81
MACD (12,26,9):	0.0000
Directional Movement:	3.53245
AROON (14):	-50.00000
DEMA (21):	0.07871
Parabolic SAR (0,02-0,02-0,2):	0.07734
Elder Ray (13):	-0.00004
Super Trend (3,10):	0.07708
Zig ZAG (10):	0.07883
VORTEX (21):	0.9305
Stochastique (14,3,5):	56.37
TEMA (21):	0.07846
Williams %R (14):	-41.18
Chande Momentum Oscillator (20):	-0.00059
Repulse (5,40,3):	0.4112
ROCnROLL:	1
TRIX (15,9):	0.0025
Courbe Coppock:	0.75

MA7:	0.07858
MA20:	0.07859
MA50:	0.07825
MA100:	0.07689
MAexp7:	0.07865
MAexp20:	0.07865
MAexp50:	0.07818
MAexp100:	0.07701
Price / MA7:	+0.50%
Price / MA20:	+0.48%
Price / MA50:	+0.92%
Price / MA100:	+2.71%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.41%
Price / MAexp50:	+1.01%
Price / MAexp100:	+2.55%

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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