JPY/NOK - 1H - Technical analysis published on 07/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.06890 NOK
My targets
0.06969 NOK (+0.00024)
0.06991 NOK (+0.00046)
My analysis
JPY/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.06890 NOK. The next resistance located at 0.06969 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.06991 NOK. After this resistance, buyers could then target 0.07148 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/NOK rating 0.06945 NOK. The price has increased by +0.93% since the last closing with the lowest point at 0.06864 NOK and the highest point at 0.06947 NOK. The deviation from the price is +1.18% for the low point and -0.03% for the high point.0.06864
0.06947
0.06945
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of JPY/NOK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.06748 | 0.06830 | 0.06888 | 0.06945 | 0.06969 | 0.07148 | 0.07233 |
| Change (%) | -2.84% | -1.66% | -0.82% | - | +0.35% | +2.92% | +4.15% |
| Change | -0.00197 | -0.00115 | -0.00057 | - | +0.00024 | +0.00203 | +0.00288 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06809 | 0.06829 | 0.06855 | 0.06875 | 0.06901 | 0.06921 | 0.06947 |
| Camarilla | 0.06868 | 0.06873 | 0.06877 | 0.06881 | 0.06885 | 0.06889 | 0.06894 |
| Woodie | 0.06812 | 0.06831 | 0.06858 | 0.06877 | 0.06904 | 0.06923 | 0.06950 |
| Fibonacci | 0.06829 | 0.06847 | 0.06857 | 0.06875 | 0.06893 | 0.06903 | 0.06921 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06354 | 0.06455 | 0.06622 | 0.06723 | 0.06890 | 0.06991 | 0.07158 |
| Camarilla | 0.06716 | 0.06741 | 0.06765 | 0.06790 | 0.06815 | 0.06839 | 0.06864 |
| Woodie | 0.06388 | 0.06472 | 0.06656 | 0.06740 | 0.06924 | 0.07008 | 0.07192 |
| Fibonacci | 0.06455 | 0.06557 | 0.06620 | 0.06723 | 0.06825 | 0.06888 | 0.06991 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06281 | 0.06437 | 0.06539 | 0.06695 | 0.06797 | 0.06953 | 0.07055 |
| Camarilla | 0.06569 | 0.06593 | 0.06616 | 0.06640 | 0.06664 | 0.06687 | 0.06711 |
| Woodie | 0.06253 | 0.06424 | 0.06511 | 0.06682 | 0.06769 | 0.06940 | 0.07027 |
| Fibonacci | 0.06437 | 0.06536 | 0.06597 | 0.06695 | 0.06794 | 0.06855 | 0.06953 |
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): | 68.85 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 23.55592 | |
| AROON (14): | 85.71429 | |
| DEMA (21): | 0.06924 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.06903 | |
| Elder Ray (13): | 0.00029 | |
| Super Trend (3,10): | 0.06894 | |
| Zig ZAG (10): | 0.06945 | |
| VORTEX (21): | 1.2205 | |
| Stochastique (14,3,5): | 94.60 | |
| TEMA (21): | 0.06933 | |
| Williams %R (14): | -3.61 | |
| Chande Momentum Oscillator (20): | 0.00075 | |
| Repulse (5,40,3): | 0.3644 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0237 | |
| Courbe Coppock: | 1.25 |
| MA7: | 0.06844 | |
| MA20: | 0.06686 | |
| MA50: | 0.06738 | |
| MA100: | 0.06909 | |
| MAexp7: | 0.06925 | |
| MAexp20: | 0.06905 | |
| MAexp50: | 0.06883 | |
| MAexp100: | 0.06851 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +3.87% | |
| Price / MA50: | +3.07% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.37% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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