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 10/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.07212 NOK

My targets

0.07168 NOK (-0.00024)

0.07102 NOK (-0.00090)

My analysis

The bearish basic trend is very strong on JPY/NOK but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.07212 NOK. Crossing the first support at 0.07168 NOK would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.07102 NOK as an objective. Crossing it would then enable sellers to target 0.06970 NOK. Caution, a return to above the resistance located at 0.07212 NOK would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

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 0.07192 NOK. The price is lower by -0.03% since the last closing and was traded between 0.07185 NOK and 0.07218 NOK over the period. The price is currently at +0.10% from its lowest and -0.36% from its highest.

0.07185

0.07218

0.07192

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 for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this JPY/NOK chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.06830	0.06970	0.07168	0.07192	0.07212	0.07233	0.07258
Change (%)	-5.03%	-3.09%	-0.33%	-	+0.28%	+0.57%	+0.92%
Change	-0.00362	-0.00222	-0.00024	-	+0.00020	+0.00041	+0.00066
Level	Major	Intermediate	Intermediate	-	Minor	Major	Intermediate

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	0.07104	0.07136	0.07165	0.07197	0.07226	0.07258	0.07287
Camarilla	0.07177	0.07183	0.07188	0.07194	0.07200	0.07205	0.07211
Woodie	0.07103	0.07135	0.07164	0.07196	0.07225	0.07257	0.07286
Fibonacci	0.07136	0.07159	0.07174	0.07197	0.07220	0.07235	0.07258

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07039	0.07102	0.07203	0.07266	0.07367	0.07430	0.07531
Camarilla	0.07260	0.07275	0.07290	0.07305	0.07320	0.07335	0.07350
Woodie	0.07059	0.07112	0.07223	0.07276	0.07387	0.07440	0.07551
Fibonacci	0.07102	0.07164	0.07203	0.07266	0.07328	0.07367	0.07430

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06581	0.06886	0.07113	0.07418	0.07645	0.07950	0.08177
Camarilla	0.07193	0.07242	0.07290	0.07339	0.07388	0.07437	0.07485
Woodie	0.06541	0.06867	0.07073	0.07399	0.07605	0.07931	0.08137
Fibonacci	0.06886	0.07090	0.07215	0.07418	0.07622	0.07747	0.07950

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.89
MACD (12,26,9):	0.0000
Directional Movement:	3.78501
AROON (14):	42.85715
DEMA (21):	0.07194
Parabolic SAR (0,02-0,02-0,2):	0.07218
Elder Ray (13):	-0.00008
Super Trend (3,10):	0.07218
Zig ZAG (10):	0.07187
VORTEX (21):	0.9857
Stochastique (14,3,5):	15.49
TEMA (21):	0.07197
Williams %R (14):	-90.91
Chande Momentum Oscillator (20):	-0.00010
Repulse (5,40,3):	-0.0592
ROCnROLL:	2
TRIX (15,9):	-0.0065
Courbe Coppock:	0.08

MA7:	0.07252
MA20:	0.07249
MA50:	0.07316
MA100:	0.07120
MAexp7:	0.07196
MAexp20:	0.07198
MAexp50:	0.07211
MAexp100:	0.07229
Price / MA7:	-0.83%
Price / MA20:	-0.79%
Price / MA50:	-1.69%
Price / MA100:	+1.01%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.26%
Price / MAexp100:	-0.51%

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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