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 03/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.07176 NOK

My targets

0.07265 NOK (+0.00080)

0.07345 NOK (+0.00160)

My analysis

The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07176 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.07265 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07345 NOK as an objective. Crossing it would then enable buyers to target 0.07515 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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 0.07185 NOK. The price has increased by +0.28% since the last closing with the lowest point at 0.07163 NOK and the highest point at 0.07188 NOK. The deviation from the price is +0.31% for the low point and -0.04% for the high point.

0.07163

0.07188

0.07185

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07113	0.07142	0.07176	0.07185	0.07271	0.07345	0.07515
Change (%)	-1.00%	-0.60%	-0.13%	-	+1.20%	+2.23%	+4.59%
Change	-0.00072	-0.00043	-0.00009	-	+0.00086	+0.00160	+0.00330
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07062	0.07087	0.07126	0.07151	0.07190	0.07215	0.07254
Camarilla	0.07147	0.07153	0.07159	0.07165	0.07171	0.07177	0.07183
Woodie	0.07069	0.07091	0.07133	0.07155	0.07197	0.07219	0.07261
Fibonacci	0.07087	0.07111	0.07127	0.07151	0.07175	0.07191	0.07215

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06805	0.06885	0.06995	0.07075	0.07185	0.07265	0.07375
Camarilla	0.07052	0.07069	0.07087	0.07104	0.07121	0.07139	0.07156
Woodie	0.06819	0.06893	0.07009	0.07083	0.07199	0.07273	0.07389
Fibonacci	0.06885	0.06958	0.07003	0.07075	0.07148	0.07193	0.07265

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06648	0.06784	0.06932	0.07068	0.07216	0.07352	0.07500
Camarilla	0.07001	0.07027	0.07053	0.07079	0.07105	0.07131	0.07157
Woodie	0.06653	0.06787	0.06937	0.07071	0.07221	0.07355	0.07505
Fibonacci	0.06784	0.06893	0.06960	0.07068	0.07177	0.07244	0.07352

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):	68.37
MACD (12,26,9):	0.0001
Directional Movement:	8.02507
AROON (14):	92.85714
DEMA (21):	0.07185
Parabolic SAR (0,02-0,02-0,2):	0.07156
Elder Ray (13):	0.00009
Super Trend (3,10):	0.07153
Zig ZAG (10):	0.07183
VORTEX (21):	1.1567
Stochastique (14,3,5):	91.41
TEMA (21):	0.07186
Williams %R (14):	-15.38
Chande Momentum Oscillator (20):	0.00018
Repulse (5,40,3):	0.0749
ROCnROLL:	1
TRIX (15,9):	0.0232
Courbe Coppock:	0.52

MA7:	0.07115
MA20:	0.07090
MA50:	0.07073
MA100:	0.07160
MAexp7:	0.07180
MAexp20:	0.07169
MAexp50:	0.07147
MAexp100:	0.07125
Price / MA7:	+0.98%
Price / MA20:	+1.34%
Price / MA50:	+1.58%
Price / MA100:	+0.35%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.52%
Price / MAexp100:	+0.83%

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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