NOK/MXN - 1H - Technical analysis published on 01/11/2024 (GMT)
- 116
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Neutral between 1.6345 MXN and 1.6473 MXN
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.6345 MXN. The first resistance is located at 1.6473 MXN. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by NOK/MXN.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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.
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Additional analysis
Quotes
The NOK/MXN price is 1.6410 MXN. The price is lower by -0.02% since the last closing and was between 1.6362 MXN and 1.6521 MXN. This implies that the price is at +0.29% from its lowest and at -0.67% from its highest.1.6362
1.6521
1.6410
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOK/MXN:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6298 | 1.6345 | 1.6398 | 1.6410 | 1.6473 | 1.6607 | 1.6675 |
| Change (%) | -0.68% | -0.40% | -0.07% | - | +0.38% | +1.20% | +1.61% |
| Change | -0.0112 | -0.0065 | -0.0012 | - | +0.0063 | +0.0197 | +0.0265 |
| Level | Minor | Minor | Major | - | Minor | 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 | 1.6241 | 1.6300 | 1.6356 | 1.6415 | 1.6471 | 1.6530 | 1.6586 |
| Camarilla | 1.6381 | 1.6392 | 1.6403 | 1.6413 | 1.6424 | 1.6434 | 1.6445 |
| Woodie | 1.6241 | 1.6299 | 1.6356 | 1.6414 | 1.6471 | 1.6529 | 1.6586 |
| Fibonacci | 1.6300 | 1.6344 | 1.6371 | 1.6415 | 1.6459 | 1.6486 | 1.6530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5854 | 1.6099 | 1.6239 | 1.6484 | 1.6624 | 1.6869 | 1.7009 |
| Camarilla | 1.6272 | 1.6307 | 1.6343 | 1.6378 | 1.6413 | 1.6449 | 1.6484 |
| Woodie | 1.5801 | 1.6073 | 1.6186 | 1.6458 | 1.6571 | 1.6843 | 1.6956 |
| Fibonacci | 1.6099 | 1.6246 | 1.6337 | 1.6484 | 1.6631 | 1.6722 | 1.6869 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4885 | 1.5309 | 1.5991 | 1.6415 | 1.7097 | 1.7521 | 1.8203 |
| Camarilla | 1.6368 | 1.6469 | 1.6571 | 1.6672 | 1.6773 | 1.6875 | 1.6976 |
| Woodie | 1.5013 | 1.5374 | 1.6119 | 1.6480 | 1.7225 | 1.7586 | 1.8331 |
| Fibonacci | 1.5309 | 1.5732 | 1.5993 | 1.6415 | 1.6838 | 1.7099 | 1.7521 |
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): | 45.94 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -9.2226 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.6414 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6472 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.6508 | |
| Zig ZAG (10): | 1.6408 | |
| VORTEX (21): | 0.9684 | |
| Stochastique (14,3,5): | 24.79 | |
| TEMA (21): | 1.6402 | |
| Williams %R (14): | -72.96 | |
| Chande Momentum Oscillator (20): | -0.0084 | |
| Repulse (5,40,3): | 0.1161 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.6402 | |
| MA20: | 1.6491 | |
| MA50: | 1.6159 | |
| MA100: | 1.6189 | |
| MAexp7: | 1.6408 | |
| MAexp20: | 1.6417 | |
| MAexp50: | 1.6407 | |
| MAexp100: | 1.6406 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
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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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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