NOK/MXN - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.8752 MXN
My targets
1.8930 MXN (+0.0033)
1.9173 MXN (+0.0276)
My analysis
NOK/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.8752 MXN. The next resistance located at 1.8930 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.9173 MXN. After this resistance, buyers could then target 1.9929 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/MXN price is 1.8897 MXN. On the day, this instrument gained +0.92% with the lowest point at 1.8608 MXN and the highest point at 1.8968 MXN. The deviation from the price is +1.55% for the low point and -0.37% for the high point.1.8608
1.8968
1.8897
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/MXN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8064 | 1.8461 | 1.8752 | 1.8897 | 1.8930 | 1.9929 | 2.2334 |
| Change (%) | -4.41% | -2.31% | -0.77% | - | +0.17% | +5.46% | +18.19% |
| Change | -0.0833 | -0.0436 | -0.0145 | - | +0.0033 | +0.1032 | +0.3437 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8018 | 1.8234 | 1.8480 | 1.8696 | 1.8942 | 1.9158 | 1.9404 |
| Camarilla | 1.8598 | 1.8640 | 1.8683 | 1.8725 | 1.8767 | 1.8810 | 1.8852 |
| Woodie | 1.8032 | 1.8242 | 1.8494 | 1.8704 | 1.8956 | 1.9166 | 1.9418 |
| Fibonacci | 1.8234 | 1.8411 | 1.8520 | 1.8696 | 1.8873 | 1.8982 | 1.9158 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6497 | 1.6951 | 1.7608 | 1.8062 | 1.8719 | 1.9173 | 1.9830 |
| Camarilla | 1.7961 | 1.8062 | 1.8164 | 1.8266 | 1.8368 | 1.8470 | 1.8572 |
| Woodie | 1.6600 | 1.7002 | 1.7711 | 1.8113 | 1.8822 | 1.9224 | 1.9933 |
| Fibonacci | 1.6951 | 1.7375 | 1.7637 | 1.8062 | 1.8486 | 1.8748 | 1.9173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5411 | 1.5844 | 1.6470 | 1.6903 | 1.7529 | 1.7962 | 1.8588 |
| Camarilla | 1.6805 | 1.6902 | 1.6999 | 1.7096 | 1.7193 | 1.7290 | 1.7387 |
| Woodie | 1.5508 | 1.5892 | 1.6567 | 1.6951 | 1.7626 | 1.8010 | 1.8685 |
| Fibonacci | 1.5844 | 1.6249 | 1.6499 | 1.6903 | 1.7308 | 1.7558 | 1.7962 |
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): | 61.25 | |
| MACD (12,26,9): | 0.0049 | |
| Directional Movement: | 0.5302 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.8867 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8716 | |
| Elder Ray (13): | 0.0041 | |
| Super Trend (3,10): | 1.8674 | |
| Zig ZAG (10): | 1.8900 | |
| VORTEX (21): | 1.1071 | |
| Stochastique (14,3,5): | 73.70 | |
| TEMA (21): | 1.8888 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.0188 | |
| Repulse (5,40,3): | 0.2047 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0267 | |
| Courbe Coppock: | 1.38 |
| MA7: | 1.8567 | |
| MA20: | 1.7952 | |
| MA50: | 1.7304 | |
| MA100: | 1.6680 | |
| MAexp7: | 1.8866 | |
| MAexp20: | 1.8808 | |
| MAexp50: | 1.8729 | |
| MAexp100: | 1.8598 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +5.26% | |
| Price / MA50: | +9.21% | |
| Price / MA100: | +13.29% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.61% |
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.
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