NOK/PLN
NOK PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKPLN
ISIN:

NOK/PLN - 1H - Technical analysis published on 07/12/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.45880.46110.46500.46730.47120.47350.4774
Camarilla0.46720.46780.46830.46890.46950.47000.4706
Woodie0.45960.46150.46580.46770.47200.47390.4782
Fibonacci0.46110.46350.46490.46730.46970.47110.4735


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.43720.44430.45490.46200.47260.47970.4903
Camarilla0.46070.46240.46400.46560.46720.46890.4705
Woodie0.43910.44520.45680.46290.47450.48060.4922
Fibonacci0.44430.45100.45520.46200.46870.47290.4797


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.43190.43750.44660.45220.46130.46690.4760
Camarilla0.45160.45290.45430.45560.45700.45830.4596
Woodie0.43360.43840.44830.45310.46300.46780.4777
Fibonacci0.43750.44320.44660.45220.45790.46130.4669

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.

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