NOK/PLN - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.4669 PLN
My targets
0.4726 PLN (+0.0038)
0.4767 PLN (+0.0079)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOK/PLN. As long as you are above the support located at 0.4669 PLN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.4726 PLN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.4767 PLN as an objective. Crossing it would then enable buyers to target 0.4896 PLN. If the support 0.4669 PLN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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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/PLN price is 0.4688 PLN. The price registered a decrease of -0.02% on the session 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
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/PLN indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 0.4558 | 0.4644 | 0.4669 | 0.4688 | 0.4690 | 0.4767 | 0.4896 |
| Change (%) | -2.77% | -0.94% | -0.41% | - | +0.04% | +1.69% | +4.44% |
| Change | -0.0130 | -0.0044 | -0.0019 | - | +0.0002 | +0.0079 | +0.0208 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.10 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 5.2266 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.4703 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4730 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.4677 | |
| Zig ZAG (10): | 0.4692 | |
| VORTEX (21): | 1.1008 | |
| Stochastique (14,3,5): | 50.41 | |
| TEMA (21): | 0.4705 | |
| Williams %R (14): | -77.55 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.4199 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0296 | |
| Courbe Coppock: | 0.47 |
| MA7: | 0.4646 | |
| MA20: | 0.4552 | |
| MA50: | 0.4550 | |
| MA100: | 0.4691 | |
| MAexp7: | 0.4699 | |
| MAexp20: | 0.4691 | |
| MAexp50: | 0.4676 | |
| MAexp100: | 0.4656 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | +3.03% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.69% |
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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