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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 11/07/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.07409 NOK
My targets
0.07446 NOK (+0.00028)
0.07498 NOK (+0.00080)
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 0.07409 NOK. The buyers' bullish objective is set at 0.07446 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07498 NOK. If there is any crossing, the next objective would be the resistance located at 0.07515 NOK.

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
0
10
6.3

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.

Londinia
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 rating is 0.07418 NOK. The price has increased by +0.68% since the last closing with the lowest point at 0.07362 NOK and the highest point at 0.07428 NOK. The deviation from the price is +0.76% for the low point and -0.13% for the high point.

0.07362
0.07428
0.07418

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 JPY/NOK in 1H shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.07365 0.07381 0.07409 0.07418 0.07446 0.07498 0.07515
Change (%) -0.71% -0.50% -0.12% - +0.38% +1.08% +1.31%
Change -0.00053 -0.00037 -0.00009 - +0.00028 +0.00080 +0.00097
Level Intermediate Intermediate Minor - Intermediate 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
Standard0.072870.073170.073430.073730.073990.074290.07455
Camarilla0.073530.073580.073630.073680.073730.073780.07383
Woodie0.072840.073160.073400.073720.073960.074280.07452
Fibonacci0.073170.073390.073520.073730.073950.074080.07429


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.072020.072830.073350.074160.074680.075490.07601
Camarilla0.073490.073620.073740.073860.073980.074100.07423
Woodie0.071870.072760.073200.074090.074530.075420.07586
Fibonacci0.072830.073340.073660.074160.074670.074990.07549


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.068000.069620.071740.073360.075480.077100.07922
Camarilla0.072830.073170.073520.073860.074200.074550.07489
Woodie0.068250.069750.071990.073490.075730.077230.07947
Fibonacci0.069620.071050.071930.073360.074790.075670.07710

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): 75.61
MACD (12,26,9): 0.0001
Directional Movement: 17.83237
AROON (14): 78.57143
DEMA (21): 0.07386
Parabolic SAR (0,02-0,02-0,2): 0.07362
Elder Ray (13): 0.00032
Super Trend (3,10): 0.07372
Zig ZAG (10): 0.07420
VORTEX (21): 1.2065
Stochastique (14,3,5): 90.79
TEMA (21): 0.07396
Williams %R (14): -9.86
Chande Momentum Oscillator (20): 0.00051
Repulse (5,40,3): 0.5790
ROCnROLL: 1
TRIX (15,9): -0.0008
Courbe Coppock: 0.65
MA7: 0.07407
MA20: 0.07386
MA50: 0.07319
MA100: 0.07303
MAexp7: 0.07394
MAexp20: 0.07381
MAexp50: 0.07384
MAexp100: 0.07395
Price / MA7: +0.15%
Price / MA20: +0.43%
Price / MA50: +1.35%
Price / MA100: +1.57%
Price / MAexp7: +0.32%
Price / MAexp20: +0.50%
Price / MAexp50: +0.46%
Price / MAexp100: +0.31%

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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