NOK/PLN - 1H - Technical analysis published on 08/28/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.4884 PLN
My targets
0.4815 PLN (-0.0063)
0.4776 PLN (-0.0102)
My analysis
NOK/PLN 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 0.4884 PLN. The next support located at 0.4815 PLN 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 0.4776 PLN. Below this support, sellers could then target 0.4743 PLN. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The NOK/PLN rating is 0.4878 PLN. The price registered an increase of +0.21% on the session and was between 0.4877 PLN and 0.4878 PLN. This implies that the price is at +0.02% from its lowest and at 0% from its highest.0.4877
0.4878
0.4878
Here is a more detailed summary of the historical variations registered by NOK/PLN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOK/PLN indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.4743 | 0.4776 | 0.4815 | 0.4878 | 0.4884 | 0.4926 | 0.4951 |
| Change (%) | -2.77% | -2.09% | -1.29% | - | +0.12% | +0.98% | +1.50% |
| Change | -0.0135 | -0.0102 | -0.0063 | - | +0.0006 | +0.0048 | +0.0073 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 0.4786 | 0.4825 | 0.4847 | 0.4886 | 0.4908 | 0.4947 | 0.4969 |
| Camarilla | 0.4851 | 0.4857 | 0.4862 | 0.4868 | 0.4874 | 0.4879 | 0.4885 |
| Woodie | 0.4777 | 0.4821 | 0.4838 | 0.4882 | 0.4899 | 0.4943 | 0.4960 |
| Fibonacci | 0.4825 | 0.4849 | 0.4863 | 0.4886 | 0.4910 | 0.4924 | 0.4947 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4644 | 0.4729 | 0.4799 | 0.4884 | 0.4954 | 0.5039 | 0.5109 |
| Camarilla | 0.4825 | 0.4840 | 0.4854 | 0.4868 | 0.4882 | 0.4896 | 0.4911 |
| Woodie | 0.4636 | 0.4725 | 0.4791 | 0.4880 | 0.4946 | 0.5035 | 0.5101 |
| Fibonacci | 0.4729 | 0.4789 | 0.4825 | 0.4884 | 0.4944 | 0.4980 | 0.5039 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4235 | 0.4374 | 0.4583 | 0.4722 | 0.4931 | 0.5070 | 0.5279 |
| Camarilla | 0.4696 | 0.4728 | 0.4760 | 0.4792 | 0.4824 | 0.4856 | 0.4888 |
| Woodie | 0.4270 | 0.4392 | 0.4618 | 0.4740 | 0.4966 | 0.5088 | 0.5314 |
| Fibonacci | 0.4374 | 0.4507 | 0.4589 | 0.4722 | 0.4855 | 0.4937 | 0.5070 |
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): | 23.26 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -21.5633 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 0.4880 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4903 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 0.4908 | |
| Zig ZAG (10): | 0.4868 | |
| VORTEX (21): | 0.8031 | |
| Stochastique (14,3,5): | 7.90 | |
| TEMA (21): | 0.4872 | |
| Williams %R (14): | -95.08 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.2377 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0273 | |
| Courbe Coppock: | 1.44 |
| MA7: | 0.4881 | |
| MA20: | 0.4794 | |
| MA50: | 0.4696 | |
| MA100: | 0.4665 | |
| MAexp7: | 0.4879 | |
| MAexp20: | 0.4896 | |
| MAexp50: | 0.4909 | |
| MAexp100: | 0.4900 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.75% | |
| Price / MA50: | +3.88% | |
| Price / MA100: | +4.57% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.45% |
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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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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