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NOK/MXN
NOK MXN
1.0786 MXN (-0.03%)
03/26/2025 - 16:21 Open Real time data - Forex
Open: 1.0789
Change: -0.0003
Volume: 101,993
Low: 1.0767
High: 1.0803
High / Low range: 0.0036
Type: Forex
Ticker: NOKMXN
ISIN:

NOK/MXN - 1H - Technical analysis published on 08/08/2022 (GMT)

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  • 08/08/2022 - 14:03
Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on 08/08/2022 - 14:03
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2.0962 MXN
My targets
2.0720 MXN (-0.0110)
2.0551 MXN (-0.0279)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.0962 MXN remains possible. It is advisable to trade NOK/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.0962 MXN. The next bearish objective for sellers is set at 2.0720 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.0551 MXN. In case of crossing, the next objective would be the support located at 2.0265 MXN. PS: if there is a bullish break in the resistance located at 2.0962 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NOK/MXN rating 2.0830 MXN. On the day, this instrument lost -0.01% and was traded between 2.0652 MXN and 2.0881 MXN over the period. The price is currently at +0.86% from its lowest and -0.24% from its highest.

2.0652
2.0881
2.0830

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/MXN:
Created with Raphaël 2.3.0-15-7.507.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/MXN chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.9929 2.0265 2.0720 2.0830 2.0832 2.1048 2.1131
Change (%) -4.33% -2.71% -0.53% - +0.01% +1.05% +1.45%
Change -0.0901 -0.0565 -0.0110 - +0.0002 +0.0218 +0.0301
Level Major Intermediate Major - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.04672.05742.07032.08102.09392.10462.1175
Camarilla2.07662.07882.08092.08312.08532.08742.0896
Woodie2.04772.05802.07132.08162.09492.10522.1185
Fibonacci2.05742.06652.07202.08102.09012.09562.1046


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.98602.02712.05512.09622.12422.16532.1933
Camarilla2.06412.07042.07682.08312.08942.09582.1021
Woodie1.97952.02382.04862.09292.11772.16202.1868
Fibonacci2.02712.05352.06982.09622.12262.13892.1653


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.93501.97062.03832.07392.14162.17722.2449
Camarilla2.07762.08712.09652.10602.11552.12492.1344
Woodie1.95111.97862.05442.08192.15772.18522.2610
Fibonacci1.97062.01012.03442.07392.11342.13772.1772

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
Created with Raphaël 2.3.0Buy11
Moving averages
Created with Raphaël 2.3.0Sell20

RSI (14): 53.93
MACD (12,26,9): -0.0009
Directional Movement: -11.4094
AROON (14): 0
DEMA (21): 2.0810
Parabolic SAR (0,02-0,02-0,2): 2.0652
Elder Ray (13): 0.0016
Super Trend (3,10): 2.0912
Zig ZAG (10): 2.0856
VORTEX (21): 1.0194
Stochastique (14,3,5): 76.27
TEMA (21): 2.0829
Williams %R (14): -10.48
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.4624
ROCnROLL: -1
TRIX (15,9): -0.0087
Courbe Coppock: 0.07
MA7: 2.1023
MA20: 2.0734
MA50: 2.0589
MA100: 2.1252
MAexp7: 2.0827
MAexp20: 2.0826
MAexp50: 2.0871
MAexp100: 2.0930
Price / MA7: -0.92%
Price / MA20: +0.46%
Price / MA50: +1.17%
Price / MA100: -1.99%
Price / MAexp7: +0.01%
Price / MAexp20: +0.02%
Price / MAexp50: -0.20%
Price / MAexp100: -0.48%

Quotes : 08/08/2022 - 14:03 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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