NOK/PLN

- PLN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NOKPLN
ISIN:

NOK/PLN - Daily - Technical analysis published on 07/12/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.4644 PLN

My targets

0.4767 PLN (+0.0079)

0.4896 PLN (+0.0208)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/PLN as long as the price remains well above 0.4644 PLN. The buyers' bullish objective is set at 0.4767 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.4896 PLN. If there is any crossing, the next objective would be the resistance located at 0.5009 PLN.

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

6.1

Comment on the 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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NOK/PLN rating 0.4688 PLN. On the day, this instrument lost -0.02% and was between 0.4681 PLN and 0.4730 PLN. This implies that the price is at +0.15% from its lowest and at -0.89% from its highest.

0.4681

0.4730

0.4688

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NOK/PLN in Daily shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.4482	0.4558	0.4644	0.4688	0.4767	0.4896	0.5009
Change (%)	-4.39%	-2.77%	-0.94%	-	+1.69%	+4.44%	+6.85%
Change	-0.0206	-0.0130	-0.0044	-	+0.0079	+0.0208	+0.0321
Level	Intermediate	Major	Major	-	Major	Minor	Intermediate

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	0.4588	0.4611	0.4650	0.4673	0.4712	0.4735	0.4774
Camarilla	0.4672	0.4678	0.4683	0.4689	0.4695	0.4700	0.4706
Woodie	0.4596	0.4615	0.4658	0.4677	0.4720	0.4739	0.4782
Fibonacci	0.4611	0.4635	0.4649	0.4673	0.4697	0.4711	0.4735

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.4372	0.4443	0.4549	0.4620	0.4726	0.4797	0.4903
Camarilla	0.4607	0.4624	0.4640	0.4656	0.4672	0.4689	0.4705
Woodie	0.4391	0.4452	0.4568	0.4629	0.4745	0.4806	0.4922
Fibonacci	0.4443	0.4510	0.4552	0.4620	0.4687	0.4729	0.4797

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.4319	0.4375	0.4466	0.4522	0.4613	0.4669	0.4760
Camarilla	0.4516	0.4529	0.4543	0.4556	0.4570	0.4583	0.4596
Woodie	0.4336	0.4384	0.4483	0.4531	0.4630	0.4678	0.4777
Fibonacci	0.4375	0.4432	0.4466	0.4522	0.4579	0.4613	0.4669

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):	68.67
MACD (12,26,9):	0.0036
Directional Movement:	13.8725
AROON (14):	100.0000
DEMA (21):	0.4620
Parabolic SAR (0,02-0,02-0,2):	0.4567
Elder Ray (13):	0.0097
Super Trend (3,10):	0.4523
Zig ZAG (10):	0.4695
VORTEX (21):	1.1542
Stochastique (14,3,5):	90.16
TEMA (21):	0.4673
Williams %R (14):	-13.69
Chande Momentum Oscillator (20):	0.0181
Repulse (5,40,3):	1.2877
ROCnROLL:	1
TRIX (15,9):	0.0420
Courbe Coppock:	7.07

MA7:	0.4647
MA20:	0.4553
MA50:	0.4550
MA100:	0.4691
MAexp7:	0.4646
MAexp20:	0.4586
MAexp50:	0.4588
MAexp100:	0.4614
Price / MA7:	+0.88%
Price / MA20:	+2.97%
Price / MA50:	+3.03%
Price / MA100:	-0.06%
Price / MAexp7:	+0.90%
Price / MAexp20:	+2.22%
Price / MAexp50:	+2.18%
Price / MAexp100:	+1.60%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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