NOK/MXN - 1H - Technical analysis published on 09/04/2024 (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 bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.8673 MXN
My targets
1.8912 MXN (+0.0164)
1.8988 MXN (+0.0240)
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 1.8673 MXN. The next resistance located at 1.8912 MXN is the next bullish target 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 1.8988 MXN. After this resistance, buyers could then target 1.9929 MXN.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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Additional analysis
Quotes
The NOK/MXN rating is 1.8748 MXN. On the day, this instrument gained +1.17% and was traded between 1.8427 MXN and 1.8769 MXN over the period. The price is currently at +1.74% from its lowest and -0.11% from its highest.1.8427
1.8769
1.8748
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOK/MXN:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/MXN in 1H shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 | 1.8461 | 1.8596 | 1.8673 | 1.8748 | 1.8752 | 1.8912 | 1.9929 |
| Change (%) | -1.53% | -0.81% | -0.40% | - | +0.02% | +0.87% | +6.30% |
| Change | -0.0287 | -0.0152 | -0.0075 | - | +0.0004 | +0.0164 | +0.1181 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8118 | 1.8295 | 1.8413 | 1.8590 | 1.8708 | 1.8885 | 1.9003 |
| Camarilla | 1.8451 | 1.8478 | 1.8505 | 1.8532 | 1.8559 | 1.8586 | 1.8613 |
| Woodie | 1.8090 | 1.8280 | 1.8385 | 1.8575 | 1.8680 | 1.8870 | 1.8975 |
| Fibonacci | 1.8295 | 1.8407 | 1.8477 | 1.8590 | 1.8702 | 1.8772 | 1.8885 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7366 | 1.7762 | 1.8177 | 1.8573 | 1.8988 | 1.9384 | 1.9799 |
| Camarilla | 1.8370 | 1.8444 | 1.8519 | 1.8593 | 1.8667 | 1.8742 | 1.8816 |
| Woodie | 1.7377 | 1.7767 | 1.8188 | 1.8578 | 1.8999 | 1.9389 | 1.9810 |
| Fibonacci | 1.7762 | 1.8072 | 1.8263 | 1.8573 | 1.8883 | 1.9074 | 1.9384 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5350 | 1.6148 | 1.7371 | 1.8169 | 1.9392 | 2.0190 | 2.1413 |
| Camarilla | 1.8037 | 1.8223 | 1.8408 | 1.8593 | 1.8778 | 1.8964 | 1.9149 |
| Woodie | 1.5562 | 1.6254 | 1.7583 | 1.8275 | 1.9604 | 2.0296 | 2.1625 |
| Fibonacci | 1.6148 | 1.6920 | 1.7397 | 1.8169 | 1.8941 | 1.9418 | 2.0190 |
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): | 65.44 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 15.5503 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.8693 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8624 | |
| Elder Ray (13): | 0.0070 | |
| Super Trend (3,10): | 1.8570 | |
| Zig ZAG (10): | 1.8749 | |
| VORTEX (21): | 1.1585 | |
| Stochastique (14,3,5): | 93.63 | |
| TEMA (21): | 1.8743 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0145 | |
| Repulse (5,40,3): | 0.1563 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0179 | |
| Courbe Coppock: | 2.04 |
| MA7: | 1.8735 | |
| MA20: | 1.8146 | |
| MA50: | 1.7428 | |
| MA100: | 1.6811 | |
| MAexp7: | 1.8712 | |
| MAexp20: | 1.8646 | |
| MAexp50: | 1.8622 | |
| MAexp100: | 1.8626 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +3.32% | |
| Price / MA50: | +7.57% | |
| Price / MA100: | +11.52% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.67% |
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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