JPY/NOK - Daily - Technical analysis published on 09/06/2023 (GMT)
- 190
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 0.07343 NOK
My targets
0.07101 NOK (-0.00168)
0.06841 NOK (-0.00428)
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 0.07343 NOK. A bearish break in the support located at 0.07101 NOK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.06841 NOK. Then 0.06353 NOK by extension. It would be safer to wait for a bearish break in the support located at 0.07101 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 0.07343 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.9
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 0.07269 NOK. The price is lower by -0.01% since the last closing and was between 0.07253 NOK and 0.07310 NOK. This implies that the price is at +0.22% from its lowest and at -0.56% from its highest.0.07253
0.07310
0.07269
Here is a more detailed summary of the historical variations registered by JPY/NOK:
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
Technical analysis of this Daily chart of JPY/NOK indicates that the overall trend is bearish. 64.29% 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 market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
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:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.06841 | 0.07101 | 0.07252 | 0.07269 | 0.07343 | 0.07515 | 0.07767 |
| Change (%) | -5.89% | -2.31% | -0.23% | - | +1.02% | +3.38% | +6.85% |
| Change | -0.00428 | -0.00168 | -0.00017 | - | +0.00074 | +0.00246 | +0.00498 |
| Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
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 | 0.07148 | 0.07197 | 0.07233 | 0.07282 | 0.07318 | 0.07367 | 0.07403 |
| Camarilla | 0.07247 | 0.07254 | 0.07262 | 0.07270 | 0.07278 | 0.07286 | 0.07293 |
| Woodie | 0.07143 | 0.07194 | 0.07228 | 0.07279 | 0.07313 | 0.07364 | 0.07398 |
| Fibonacci | 0.07197 | 0.07229 | 0.07249 | 0.07282 | 0.07314 | 0.07334 | 0.07367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07105 | 0.07163 | 0.07228 | 0.07286 | 0.07351 | 0.07409 | 0.07474 |
| Camarilla | 0.07258 | 0.07270 | 0.07281 | 0.07292 | 0.07303 | 0.07315 | 0.07326 |
| Woodie | 0.07108 | 0.07165 | 0.07231 | 0.07288 | 0.07354 | 0.07411 | 0.07477 |
| Fibonacci | 0.07163 | 0.07210 | 0.07239 | 0.07286 | 0.07333 | 0.07362 | 0.07409 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06762 | 0.06899 | 0.07103 | 0.07240 | 0.07444 | 0.07581 | 0.07785 |
| Camarilla | 0.07214 | 0.07246 | 0.07277 | 0.07308 | 0.07339 | 0.07371 | 0.07402 |
| Woodie | 0.06797 | 0.06916 | 0.07138 | 0.07257 | 0.07479 | 0.07598 | 0.07820 |
| Fibonacci | 0.06899 | 0.07029 | 0.07109 | 0.07240 | 0.07370 | 0.07450 | 0.07581 |
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): | 50.17 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 8.74465 | |
| AROON (14): | 28.57143 | |
| DEMA (21): | 0.07271 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07208 | |
| Elder Ray (13): | 0.00008 | |
| Super Trend (3,10): | 0.07403 | |
| Zig ZAG (10): | 0.07269 | |
| VORTEX (21): | 1.0935 | |
| Stochastique (14,3,5): | 34.32 | |
| TEMA (21): | 0.07309 | |
| Williams %R (14): | -67.53 | |
| Chande Momentum Oscillator (20): | 0.00010 | |
| Repulse (5,40,3): | -0.5236 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 1.33 |
| MA7: | 0.07273 | |
| MA20: | 0.07267 | |
| MA50: | 0.07261 | |
| MA100: | 0.07528 | |
| MAexp7: | 0.07277 | |
| MAexp20: | 0.07268 | |
| MAexp50: | 0.07319 | |
| MAexp100: | 0.07427 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -3.44% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -2.13% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis JPY/NOK - Daily