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 11/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

My opinion

Bullish above 0.07173 NOK

My targets

0.07207 NOK (+0.00024)

0.07239 NOK (+0.00056)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on JPY/NOK. This is a positive signal for buyers. As long as the price remains above 0.07173 NOK, a purchase could be considered. The first bullish objective is located at 0.07207 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07239 NOK as an objective. Crossing it would then enable buyers to target 0.07390 NOK. In the event of a return below 0.07173 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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

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 0.07183 NOK. On the day, this instrument gained +0.94% and was traded between 0.07115 NOK and 0.07221 NOK over the period. The price is currently at +0.96% from its lowest and -0.53% from its highest.

0.07115

0.07221

0.07183

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

Here is a more detailed summary of the historical variations registered by JPY/NOK:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/NOK in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07135	0.07160	0.07173	0.07183	0.07207	0.07239	0.07390
Change (%)	-0.67%	-0.32%	-0.14%	-	+0.33%	+0.78%	+2.88%
Change	-0.00048	-0.00023	-0.00010	-	+0.00024	+0.00056	+0.00207
Level	Major	Major	Minor	-	Major	Intermediate	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	0.06986	0.07045	0.07081	0.07140	0.07176	0.07235	0.07271
Camarilla	0.07090	0.07099	0.07107	0.07116	0.07125	0.07133	0.07142
Woodie	0.06974	0.07039	0.07069	0.07134	0.07164	0.07229	0.07259
Fibonacci	0.07045	0.07082	0.07104	0.07140	0.07177	0.07199	0.07235

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07001	0.07054	0.07118	0.07171	0.07235	0.07288	0.07352
Camarilla	0.07150	0.07161	0.07171	0.07182	0.07193	0.07204	0.07214
Woodie	0.07007	0.07057	0.07124	0.07174	0.07241	0.07291	0.07358
Fibonacci	0.07054	0.07099	0.07126	0.07171	0.07216	0.07243	0.07288

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06814	0.06971	0.07103	0.07260	0.07392	0.07549	0.07681
Camarilla	0.07157	0.07183	0.07210	0.07236	0.07263	0.07289	0.07316
Woodie	0.06803	0.06965	0.07092	0.07254	0.07381	0.07543	0.07670
Fibonacci	0.06971	0.07081	0.07149	0.07260	0.07370	0.07438	0.07549

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.32
MACD (12,26,9):	0.0001
Directional Movement:	21.47397
AROON (14):	85.71428
DEMA (21):	0.07149
Parabolic SAR (0,02-0,02-0,2):	0.07122
Elder Ray (13):	0.00039
Super Trend (3,10):	0.07117
Zig ZAG (10):	0.07191
VORTEX (21):	1.0905
Stochastique (14,3,5):	71.93
TEMA (21):	0.07158
Williams %R (14):	-28.45
Chande Momentum Oscillator (20):	0.00070
Repulse (5,40,3):	0.3149
ROCnROLL:	1
TRIX (15,9):	-0.0081
Courbe Coppock:	0.99

MA7:	0.07160
MA20:	0.07181
MA50:	0.07264
MA100:	0.07207
MAexp7:	0.07160
MAexp20:	0.07146
MAexp50:	0.07147
MAexp100:	0.07151
Price / MA7:	+0.32%
Price / MA20:	+0.03%
Price / MA50:	-1.12%
Price / MA100:	-0.33%
Price / MAexp7:	+0.32%
Price / MAexp20:	+0.52%
Price / MAexp50:	+0.50%
Price / MAexp100:	+0.45%

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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