JPY/NOK
JPY NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYNOK
ISIN:

JPY/NOK - 1H - Technical analysis published on 08/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
67%
11%
22%
My opinion
Bearish under 0.07165 NOK
My targets
0.07104 NOK (-0.00042)
0.07073 NOK (-0.00073)
My analysis
In a bearish trend, the price of JPY/NOK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.07165 NOK. A bearish break in the support located at 0.07104 NOK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.07073 NOK. Then 0.06974 NOK by extension. It would be safer to wait for a bearish break in the support located at 0.07104 NOK before allowing yourself to re trade short positions (for sale) on JPY/NOK. PS: if there is a bullish break in the resistance located at 0.07165 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0

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:
15 min. Daily Weekly

Additional analysis

Quotes

The JPY/NOK price is 0.07146 NOK. The price has increased by +0.46% since the last closing and was between 0.07097 NOK and 0.07147 NOK. This implies that the price is at +0.69% from its lowest and at -0.01% from its highest.

0.07097
0.07147
0.07146

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this JPY/NOK chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.06841 0.06974 0.07104 0.07146 0.07165 0.07261 0.07351
Change (%) -4.27% -2.41% -0.59% - +0.27% +1.61% +2.87%
Change -0.00305 -0.00172 -0.00042 - +0.00019 +0.00115 +0.00205
Level Major Minor Major - Major Intermediate Minor



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
Standard0.069870.070320.070730.071180.071590.072040.07245
Camarilla0.070890.070970.071050.071130.071210.071290.07137
Woodie0.069840.070310.070700.071170.071560.072030.07242
Fibonacci0.070320.070650.070860.071180.071510.071720.07204


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.067570.069180.070730.072340.073890.075500.07705
Camarilla0.071410.071700.071990.072280.072570.072860.07315
Woodie0.067540.069170.070700.072330.073860.075490.07702
Fibonacci0.069180.070390.071130.072340.073550.074290.07550


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.064890.067780.069480.072370.074070.076960.07866
Camarilla0.069920.070340.070760.071180.071600.072020.07244
Woodie0.064300.067480.068890.072070.073480.076660.07807
Fibonacci0.067780.069530.070620.072370.074120.075210.07696

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): 55.59
MACD (12,26,9): 0.0000
Directional Movement: -4.23454
AROON (14): 42.85714
DEMA (21): 0.07119
Parabolic SAR (0,02-0,02-0,2): 0.07078
Elder Ray (13): 0.00013
Super Trend (3,10): 0.07152
Zig ZAG (10): 0.07145
VORTEX (21): 1.0300
Stochastique (14,3,5): 79.29
TEMA (21): 0.07126
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.00017
Repulse (5,40,3): 0.5622
ROCnROLL: 1
TRIX (15,9): -0.0097
Courbe Coppock: 0.28
MA7: 0.07185
MA20: 0.07245
MA50: 0.07495
MA100: 0.07694
MAexp7: 0.07126
MAexp20: 0.07124
MAexp50: 0.07140
MAexp100: 0.07160
Price / MA7: -0.54%
Price / MA20: -1.37%
Price / MA50: -4.66%
Price / MA100: -7.12%
Price / MAexp7: +0.28%
Price / MAexp20: +0.31%
Price / MAexp50: +0.08%
Price / MAexp100: -0.20%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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