NOK/MXN - 1H - Technical analysis published on 10/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.8858 MXN
My targets
1.8737 MXN (-0.0022)
1.8597 MXN (-0.0162)
My analysis
NOK/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.8858 MXN. The next support located at 1.8737 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.8597 MXN. Below this support, sellers could then target 1.8538 MXN.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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 NOK/MXN rating is 1.8759 MXN. On the day, this instrument gained +0.00% and was between 1.8741 MXN and 1.8785 MXN. This implies that the price is at +0.10% from its lowest and at -0.14% from its highest.1.8741
1.8785
1.8759
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of NOK/MXN indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8538 | 1.8597 | 1.8737 | 1.8759 | 1.8858 | 1.8969 | 1.9044 |
| Change (%) | -1.18% | -0.86% | -0.12% | - | +0.53% | +1.12% | +1.52% |
| Change | -0.0221 | -0.0162 | -0.0022 | - | +0.0099 | +0.0210 | +0.0285 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 1.8178 | 1.8464 | 1.8612 | 1.8898 | 1.9046 | 1.9332 | 1.9480 |
| Camarilla | 1.8640 | 1.8679 | 1.8719 | 1.8759 | 1.8799 | 1.8839 | 1.8878 |
| Woodie | 1.8108 | 1.8430 | 1.8542 | 1.8864 | 1.8976 | 1.9298 | 1.9410 |
| Fibonacci | 1.8464 | 1.8630 | 1.8733 | 1.8898 | 1.9064 | 1.9167 | 1.9332 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7599 | 1.8017 | 1.8262 | 1.8680 | 1.8925 | 1.9343 | 1.9588 |
| Camarilla | 1.8324 | 1.8385 | 1.8445 | 1.8506 | 1.8567 | 1.8628 | 1.8688 |
| Woodie | 1.7512 | 1.7974 | 1.8175 | 1.8637 | 1.8838 | 1.9300 | 1.9501 |
| Fibonacci | 1.8017 | 1.8271 | 1.8427 | 1.8680 | 1.8934 | 1.9090 | 1.9343 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6016 | 1.7226 | 1.7866 | 1.9076 | 1.9716 | 2.0926 | 2.1566 |
| Camarilla | 1.7997 | 1.8167 | 1.8336 | 1.8506 | 1.8676 | 1.8845 | 1.9015 |
| Woodie | 1.5731 | 1.7084 | 1.7581 | 1.8934 | 1.9431 | 2.0784 | 2.1281 |
| Fibonacci | 1.7226 | 1.7933 | 1.8369 | 1.9076 | 1.9783 | 2.0219 | 2.0926 |
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): | 28.29 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -15.4559 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.8748 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8785 | |
| Elder Ray (13): | -0.0032 | |
| Super Trend (3,10): | 1.8889 | |
| Zig ZAG (10): | 1.8762 | |
| VORTEX (21): | 0.6816 | |
| Stochastique (14,3,5): | 13.97 | |
| TEMA (21): | 1.8709 | |
| Williams %R (14): | -77.57 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.0622 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0554 | |
| Courbe Coppock: | 1.83 |
| MA7: | 1.8844 | |
| MA20: | 1.9204 | |
| MA50: | 2.0012 | |
| MA100: | 2.0283 | |
| MAexp7: | 1.8770 | |
| MAexp20: | 1.8838 | |
| MAexp50: | 1.8910 | |
| MAexp100: | 1.8904 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -2.32% | |
| Price / MA50: | -6.26% | |
| Price / MA100: | -7.51% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -0.77% |
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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