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 05/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.07872 NOK

My targets

0.08041 NOK (+0.00125)

0.08273 NOK (+0.00357)

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 0.07872 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 0.08273 NOK. If there is any crossing, the next objective would be the resistance located at 0.08480 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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

The JPY/NOK rating is 0.07916 NOK. The price has increased by +1.32% since the last closing and was traded between 0.07770 NOK and 0.07917 NOK over the period. The price is currently at +1.88% from its lowest and -0.01% from its highest.

0.07770

0.07917

0.07916

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 JPY/NOK:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of JPY/NOK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07515	0.07756	0.07872	0.07916	0.08041	0.08480	0.09127
Change (%)	-5.07%	-2.02%	-0.56%	-	+1.58%	+7.12%	+15.30%
Change	-0.00401	-0.00160	-0.00044	-	+0.00125	+0.00564	+0.01211
Level	Major	Intermediate	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
Standard	0.07725	0.07756	0.07784	0.07815	0.07843	0.07874	0.07902
Camarilla	0.07797	0.07802	0.07808	0.07813	0.07818	0.07824	0.07829
Woodie	0.07725	0.07755	0.07784	0.07814	0.07843	0.07873	0.07902
Fibonacci	0.07756	0.07778	0.07792	0.07815	0.07837	0.07851	0.07874

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07547	0.07680	0.07749	0.07882	0.07951	0.08084	0.08153
Camarilla	0.07762	0.07780	0.07799	0.07817	0.07836	0.07854	0.07873
Woodie	0.07514	0.07664	0.07716	0.07866	0.07918	0.08068	0.08120
Fibonacci	0.07680	0.07758	0.07805	0.07882	0.07960	0.08007	0.08084

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07397	0.07560	0.07689	0.07852	0.07981	0.08144	0.08273
Camarilla	0.07737	0.07764	0.07790	0.07817	0.07844	0.07871	0.07897
Woodie	0.07379	0.07552	0.07671	0.07844	0.07963	0.08136	0.08255
Fibonacci	0.07560	0.07672	0.07741	0.07852	0.07964	0.08033	0.08144

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):	51.84
MACD (12,26,9):	0.0001
Directional Movement:	2.57394
AROON (14):	42.85714
DEMA (21):	0.07885
Parabolic SAR (0,02-0,02-0,2):	0.08016
Elder Ray (13):	-0.00039
Super Trend (3,10):	0.07708
Zig ZAG (10):	0.07902
VORTEX (21):	1.0029
Stochastique (14,3,5):	41.44
TEMA (21):	0.07871
Williams %R (14):	-38.70
Chande Momentum Oscillator (20):	0.00141
Repulse (5,40,3):	0.8917
ROCnROLL:	1
TRIX (15,9):	0.0086
Courbe Coppock:	0.61

MA7:	0.07895
MA20:	0.07878
MA50:	0.07852
MA100:	0.07719
MAexp7:	0.07881
MAexp20:	0.07877
MAexp50:	0.07833
MAexp100:	0.07720
Price / MA7:	+0.27%
Price / MA20:	+0.48%
Price / MA50:	+0.82%
Price / MA100:	+2.55%
Price / MAexp7:	+0.44%
Price / MAexp20:	+0.50%
Price / MAexp50:	+1.06%
Price / MAexp100:	+2.54%

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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