NOK/MXN
0.6440
MXN
(-0.86%)
03/07/2025 - 20:59
Closed Real time data - Forex
| Open: | 0.6302 |
| Change: | -0.0056 |
| Volume: | 175,167 |
| Low: | 0.6100 |
| High: | 0.6566 |
| High / Low range: | 0.0466 |
| Type: | Forex |
| Ticker: | NOKMXN |
| ISIN: |
NOK/MXN - 1H - Technical analysis published on 12/04/2024 (GMT)
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- 12/04/2024 - 13:40
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- Timeframe : 1H
- - Analysis generated on 12/04/2024 - 13:40
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.8461 MXN
My targets
1.8337 MXN (-0.0026)
1.8246 MXN (-0.0117)
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 1.8461 MXN. The next support located at 1.8337 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 1.8246 MXN. Below this support, sellers could then target 1.7728 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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
NOK/MXN rating 1.8363 MXN. The price is lower by -0.02% since the last closing and was traded between 1.8320 MXN and 1.8430 MXN over the period. The price is currently at +0.23% from its lowest and -0.36% from its highest.1.8320
1.8430
1.8363
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this NOK/MXN chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7728 | 1.8246 | 1.8337 | 1.8363 | 1.8461 | 1.8552 | 1.8639 |
| Change (%) | -3.46% | -0.64% | -0.14% | - | +0.53% | +1.03% | +1.50% |
| Change | -0.0635 | -0.0117 | -0.0026 | - | +0.0098 | +0.0189 | +0.0276 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8181 | 1.8256 | 1.8312 | 1.8387 | 1.8443 | 1.8518 | 1.8574 |
| Camarilla | 1.8331 | 1.8343 | 1.8355 | 1.8367 | 1.8379 | 1.8391 | 1.8403 |
| Woodie | 1.8171 | 1.8251 | 1.8302 | 1.8382 | 1.8433 | 1.8513 | 1.8564 |
| Fibonacci | 1.8256 | 1.8306 | 1.8337 | 1.8387 | 1.8437 | 1.8468 | 1.8518 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7660 | 1.7938 | 1.8187 | 1.8465 | 1.8714 | 1.8992 | 1.9241 |
| Camarilla | 1.8290 | 1.8338 | 1.8387 | 1.8435 | 1.8483 | 1.8532 | 1.8580 |
| Woodie | 1.7645 | 1.7931 | 1.8172 | 1.8458 | 1.8699 | 1.8985 | 1.9226 |
| Fibonacci | 1.7938 | 1.8140 | 1.8264 | 1.8465 | 1.8667 | 1.8791 | 1.8992 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7453 | 1.7773 | 1.8104 | 1.8424 | 1.8755 | 1.9075 | 1.9406 |
| Camarilla | 1.8256 | 1.8316 | 1.8375 | 1.8435 | 1.8495 | 1.8554 | 1.8614 |
| Woodie | 1.7459 | 1.7776 | 1.8110 | 1.8427 | 1.8761 | 1.9078 | 1.9412 |
| Fibonacci | 1.7773 | 1.8022 | 1.8175 | 1.8424 | 1.8673 | 1.8826 | 1.9075 |
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): | 44.82 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -8.2091 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.8371 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8428 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.8469 | |
| Zig ZAG (10): | 1.8363 | |
| VORTEX (21): | 0.9758 | |
| Stochastique (14,3,5): | 32.62 | |
| TEMA (21): | 1.8373 | |
| Williams %R (14): | -55.45 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0635 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.8464 | |
| MA20: | 1.8423 | |
| MA50: | 1.8324 | |
| MA100: | 1.8101 | |
| MAexp7: | 1.8373 | |
| MAexp20: | 1.8378 | |
| MAexp50: | 1.8391 | |
| MAexp100: | 1.8412 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.27% |
Quotes :
12/04/2024 - 13:40
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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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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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