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 05/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

33%

11%

56%

My opinion

Bullish above 0.07756 NOK

My targets

0.08041 NOK (+0.00167)

0.08273 NOK (+0.00399)

My analysis

A bullish trend on JPY/NOK both in substance and in the short term. A purchase could be considered as long as the price remains above 0.07756 NOK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.08041 NOK. Then the price could move towards 0.08273 NOK. Then 0.08480 NOK by extension. Be careful, a return below 0.07756 NOK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.9

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 0.07874 NOK. On the day, this instrument gained +0.11% and was traded between 0.07864 NOK and 0.07876 NOK over the period. The price is currently at +0.13% from its lowest and -0.03% from its highest.

0.07864

0.07876

0.07874

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 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 bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07260	0.07515	0.07756	0.07874	0.08041	0.08480	0.09127
Change (%)	-7.80%	-4.56%	-1.50%	-	+2.12%	+7.70%	+15.91%
Change	-0.00614	-0.00359	-0.00118	-	+0.00167	+0.00606	+0.01253
Level	Minor	Major	Intermediate	-	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	0.07830	0.07846	0.07855	0.07871	0.07880	0.07896	0.07905
Camarilla	0.07858	0.07860	0.07863	0.07865	0.07867	0.07870	0.07872
Woodie	0.07828	0.07844	0.07853	0.07869	0.07878	0.07894	0.07903
Fibonacci	0.07846	0.07855	0.07861	0.07871	0.07880	0.07886	0.07896

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07614	0.07692	0.07790	0.07868	0.07966	0.08044	0.08142
Camarilla	0.07839	0.07855	0.07871	0.07887	0.07903	0.07919	0.07935
Woodie	0.07623	0.07697	0.07799	0.07873	0.07975	0.08049	0.08151
Fibonacci	0.07692	0.07760	0.07801	0.07868	0.07936	0.07977	0.08044

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):	50.08
MACD (12,26,9):	0.0000
Directional Movement:	-1.52771
AROON (14):	14.28571
DEMA (21):	0.07875
Parabolic SAR (0,02-0,02-0,2):	0.07946
Elder Ray (13):	-0.00005
Super Trend (3,10):	0.07708
Zig ZAG (10):	0.07874
VORTEX (21):	1.0383
Stochastique (14,3,5):	58.13
TEMA (21):	0.07872
Williams %R (14):	-44.62
Chande Momentum Oscillator (20):	0.00000
Repulse (5,40,3):	-0.0073
ROCnROLL:	-1
TRIX (15,9):	-0.0021
Courbe Coppock:	0.60

MA7:	0.07880
MA20:	0.07872
MA50:	0.07880
MA100:	0.07805
MAexp7:	0.07876
MAexp20:	0.07873
MAexp50:	0.07855
MAexp100:	0.07769
Price / MA7:	-0.08%
Price / MA20:	+0.03%
Price / MA50:	-0.08%
Price / MA100:	+0.88%
Price / MAexp7:	-0.03%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.24%
Price / MAexp100:	+1.35%

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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