JPY/NOK - 1H - Technical analysis published on 09/11/2024 (GMT)
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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
83%
0%
17%
My opinion
Bullish above 0.07636 NOK
My targets
0.07776 NOK (+0.00108)
0.07868 NOK (+0.00200)
My analysis
The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07636 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.07776 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07868 NOK as an objective. Crossing it would then enable buyers to target 0.08081 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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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 0.07668 NOK. The price registered an increase of +0.68% on the session and was between 0.07605 NOK and 0.07684 NOK. This implies that the price is at +0.83% from its lowest and at -0.21% from its highest.0.07605
0.07684
0.07668
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07502 | 0.07602 | 0.07636 | 0.07668 | 0.07868 | 0.08081 | 0.09127 |
| Change (%) | -2.16% | -0.86% | -0.42% | - | +2.61% | +5.39% | +19.03% |
| Change | -0.00166 | -0.00066 | -0.00032 | - | +0.00200 | +0.00413 | +0.01459 |
| Level | Major | Minor | Intermediate | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07414 | 0.07463 | 0.07539 | 0.07588 | 0.07664 | 0.07713 | 0.07789 |
| Camarilla | 0.07582 | 0.07593 | 0.07605 | 0.07616 | 0.07628 | 0.07639 | 0.07650 |
| Woodie | 0.07429 | 0.07470 | 0.07554 | 0.07595 | 0.07679 | 0.07720 | 0.07804 |
| Fibonacci | 0.07463 | 0.07510 | 0.07540 | 0.07588 | 0.07635 | 0.07665 | 0.07713 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06944 | 0.07068 | 0.07298 | 0.07422 | 0.07652 | 0.07776 | 0.08006 |
| Camarilla | 0.07431 | 0.07463 | 0.07496 | 0.07528 | 0.07561 | 0.07593 | 0.07625 |
| Woodie | 0.06997 | 0.07095 | 0.07351 | 0.07449 | 0.07705 | 0.07803 | 0.08059 |
| Fibonacci | 0.07068 | 0.07203 | 0.07287 | 0.07422 | 0.07557 | 0.07641 | 0.07776 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06313 | 0.06740 | 0.06999 | 0.07426 | 0.07685 | 0.08112 | 0.08371 |
| Camarilla | 0.07070 | 0.07133 | 0.07196 | 0.07259 | 0.07322 | 0.07385 | 0.07448 |
| Woodie | 0.06230 | 0.06698 | 0.06916 | 0.07384 | 0.07602 | 0.08070 | 0.08288 |
| Fibonacci | 0.06740 | 0.07002 | 0.07164 | 0.07426 | 0.07688 | 0.07850 | 0.08112 |
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): | 77.18 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 24.59863 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 0.07649 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07615 | |
| Elder Ray (13): | 0.00044 | |
| Super Trend (3,10): | 0.07607 | |
| Zig ZAG (10): | 0.07676 | |
| VORTEX (21): | 1.3279 | |
| Stochastique (14,3,5): | 89.34 | |
| TEMA (21): | 0.07658 | |
| Williams %R (14): | -12.66 | |
| Chande Momentum Oscillator (20): | 0.00058 | |
| Repulse (5,40,3): | 0.2919 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0361 | |
| Courbe Coppock: | 1.60 |
| MA7: | 0.07511 | |
| MA20: | 0.07336 | |
| MA50: | 0.07173 | |
| MA100: | 0.06992 | |
| MAexp7: | 0.07647 | |
| MAexp20: | 0.07618 | |
| MAexp50: | 0.07577 | |
| MAexp100: | 0.07521 | |
| Price / MA7: | +2.09% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +6.90% | |
| Price / MA100: | +9.67% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +1.95% |
Quotes :
-
Real time data
-
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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