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 06/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.07762 NOK

My targets

0.07521 NOK (-0.00078)

0.07260 NOK (-0.00339)

My analysis

JPY/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.07762 NOK. The next support located at 0.07521 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.07260 NOK. Below this support, sellers could then target 0.06973 NOK.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.6

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 price is 0.07599 NOK. The price registered a decrease of -0.01% on the session with the lowest point at 0.07548 NOK and the highest point at 0.07666 NOK. The deviation from the price is +0.68% for the low point and -0.87% for the high point.

0.07548

0.07666

0.07599

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of JPY/NOK in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.06973	0.07260	0.07521	0.07599	0.07762	0.07874	0.08041
Change (%)	-8.24%	-4.46%	-1.03%	-	+2.15%	+3.62%	+5.82%
Change	-0.00626	-0.00339	-0.00078	-	+0.00163	+0.00275	+0.00442
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07388	0.07489	0.07545	0.07646	0.07702	0.07803	0.07859
Camarilla	0.07557	0.07571	0.07586	0.07600	0.07614	0.07629	0.07643
Woodie	0.07365	0.07478	0.07522	0.07635	0.07679	0.07792	0.07836
Fibonacci	0.07489	0.07549	0.07586	0.07646	0.07706	0.07743	0.07803

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07324	0.07513	0.07616	0.07805	0.07908	0.08097	0.08200
Camarilla	0.07638	0.07665	0.07691	0.07718	0.07745	0.07772	0.07798
Woodie	0.07280	0.07492	0.07572	0.07784	0.07864	0.08076	0.08156
Fibonacci	0.07513	0.07625	0.07694	0.07805	0.07917	0.07986	0.08097

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07419	0.07579	0.07766	0.07926	0.08113	0.08273	0.08460
Camarilla	0.07858	0.07889	0.07921	0.07953	0.07985	0.08017	0.08048
Woodie	0.07433	0.07586	0.07780	0.07933	0.08127	0.08280	0.08474
Fibonacci	0.07579	0.07712	0.07793	0.07926	0.08059	0.08140	0.08273

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):	33.99
MACD (12,26,9):	-0.0005
Directional Movement:	-14.64839
AROON (14):	-71.42857
DEMA (21):	0.07772
Parabolic SAR (0,02-0,02-0,2):	0.08035
Elder Ray (13):	-0.00184
Super Trend (3,10):	0.07943
Zig ZAG (10):	0.07605
VORTEX (21):	0.8954
Stochastique (14,3,5):	8.61
TEMA (21):	0.07720
Williams %R (14):	-89.22
Chande Momentum Oscillator (20):	-0.00308
Repulse (5,40,3):	-2.2939
ROCnROLL:	2
TRIX (15,9):	-0.0199
Courbe Coppock:	3.58

MA7:	0.07766
MA20:	0.07859
MA50:	0.07866
MA100:	0.07826
MAexp7:	0.07730
MAexp20:	0.07821
MAexp50:	0.07843
MAexp100:	0.07782
Price / MA7:	-2.15%
Price / MA20:	-3.31%
Price / MA50:	-3.39%
Price / MA100:	-2.90%
Price / MAexp7:	-1.71%
Price / MAexp20:	-2.85%
Price / MAexp50:	-3.12%
Price / MAexp100:	-2.36%

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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