NOK/MXN - 1H - Technical analysis published on 09/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.9559 MXN
My targets
1.9441 MXN (-0.0070)
1.9121 MXN (-0.0390)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/MXN as long as the price remains well below 1.9559 MXN. The next bearish objective for sellers is set at 1.9441 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.9121 MXN. If there is any crossing, the next objective would be the support located at 1.8455 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOK/MXN rating 1.9511 MXN. On the day, this instrument lost -0.01% and was between 1.9467 MXN and 1.9552 MXN. This implies that the price is at +0.23% from its lowest and at -0.21% from its highest.1.9467
1.9552
1.9511
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:
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
Technical analysis of this 1H chart of NOK/MXN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6045 | 1.8455 | 1.9441 | 1.9511 | 1.9559 | 1.9815 | 1.9929 |
| Change (%) | -17.76% | -5.41% | -0.36% | - | +0.25% | +1.56% | +2.14% |
| Change | -0.3466 | -0.1056 | -0.0070 | - | +0.0048 | +0.0304 | +0.0418 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9170 | 1.9305 | 1.9409 | 1.9544 | 1.9648 | 1.9783 | 1.9887 |
| Camarilla | 1.9446 | 1.9468 | 1.9490 | 1.9512 | 1.9534 | 1.9556 | 1.9578 |
| Woodie | 1.9154 | 1.9297 | 1.9393 | 1.9536 | 1.9632 | 1.9775 | 1.9871 |
| Fibonacci | 1.9305 | 1.9397 | 1.9453 | 1.9544 | 1.9636 | 1.9692 | 1.9783 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8681 | 1.9121 | 1.9389 | 1.9829 | 2.0097 | 2.0537 | 2.0805 |
| Camarilla | 1.9461 | 1.9526 | 1.9591 | 1.9656 | 1.9721 | 1.9786 | 1.9851 |
| Woodie | 1.8594 | 1.9078 | 1.9302 | 1.9786 | 2.0010 | 2.0494 | 2.0718 |
| Fibonacci | 1.9121 | 1.9392 | 1.9559 | 1.9829 | 2.0100 | 2.0267 | 2.0537 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8713 | 1.9463 | 1.9872 | 2.0622 | 2.1031 | 2.1781 | 2.2190 |
| Camarilla | 1.9961 | 2.0068 | 2.0174 | 2.0280 | 2.0386 | 2.0493 | 2.0599 |
| Woodie | 1.8542 | 1.9378 | 1.9701 | 2.0537 | 2.0860 | 2.1696 | 2.2019 |
| Fibonacci | 1.9463 | 1.9906 | 2.0180 | 2.0622 | 2.1065 | 2.1339 | 2.1781 |
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): | 40.50 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -6.9952 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.9477 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9454 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.9602 | |
| Zig ZAG (10): | 1.9482 | |
| VORTEX (21): | 0.8997 | |
| Stochastique (14,3,5): | 33.21 | |
| TEMA (21): | 1.9483 | |
| Williams %R (14): | -70.30 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | -0.1394 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0217 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.9736 | |
| MA20: | 2.0060 | |
| MA50: | 2.0458 | |
| MA100: | 2.0529 | |
| MAexp7: | 1.9493 | |
| MAexp20: | 1.9514 | |
| MAexp50: | 1.9576 | |
| MAexp100: | 1.9670 | |
| Price / MA7: | -1.14% | |
| Price / MA20: | -2.74% | |
| Price / MA50: | -4.63% | |
| Price / MA100: | -4.96% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.81% |
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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