NOK/PLN - 1H - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.4527 PLN
My targets
0.4510 PLN (-0.0010)
0.4500 PLN (-0.0020)
My analysis
The bearish basic trend is very strong on NOK/PLN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.4527 PLN. Crossing the first support at 0.4510 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.4500 PLN as an objective. Crossing it would then enable sellers to target 0.4471 PLN. Caution, a return to above the resistance located at 0.4527 PLN would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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.
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Additional analysis
Quotes
The NOK/PLN rating is 0.4520 PLN. On the day, this instrument lost -0.02% with the lowest point at 0.4516 PLN and the highest point at 0.4543 PLN. The deviation from the price is +0.09% for the low point and -0.51% for the high point.0.4516
0.4543
0.4520
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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 strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.4471 | 0.4500 | 0.4510 | 0.4520 | 0.4527 | 0.4541 | 0.4554 |
| Change (%) | -1.08% | -0.44% | -0.22% | - | +0.15% | +0.46% | +0.75% |
| Change | -0.0049 | -0.0020 | -0.0010 | - | +0.0007 | +0.0021 | +0.0034 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4426 | 0.4466 | 0.4493 | 0.4533 | 0.4560 | 0.4600 | 0.4627 |
| Camarilla | 0.4503 | 0.4509 | 0.4515 | 0.4521 | 0.4527 | 0.4533 | 0.4539 |
| Woodie | 0.4421 | 0.4463 | 0.4488 | 0.4530 | 0.4555 | 0.4597 | 0.4622 |
| Fibonacci | 0.4466 | 0.4491 | 0.4507 | 0.4533 | 0.4558 | 0.4574 | 0.4600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4366 | 0.4409 | 0.4488 | 0.4531 | 0.4610 | 0.4653 | 0.4732 |
| Camarilla | 0.4535 | 0.4546 | 0.4557 | 0.4568 | 0.4579 | 0.4590 | 0.4602 |
| Woodie | 0.4385 | 0.4418 | 0.4507 | 0.4540 | 0.4629 | 0.4662 | 0.4751 |
| Fibonacci | 0.4409 | 0.4455 | 0.4484 | 0.4531 | 0.4577 | 0.4606 | 0.4653 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4301 | 0.4409 | 0.4500 | 0.4608 | 0.4699 | 0.4807 | 0.4898 |
| Camarilla | 0.4537 | 0.4556 | 0.4574 | 0.4592 | 0.4610 | 0.4629 | 0.4647 |
| Woodie | 0.4294 | 0.4405 | 0.4493 | 0.4604 | 0.4692 | 0.4803 | 0.4891 |
| Fibonacci | 0.4409 | 0.4485 | 0.4532 | 0.4608 | 0.4684 | 0.4731 | 0.4807 |
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): | 45.65 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.0935 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.4526 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4540 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.4546 | |
| Zig ZAG (10): | 0.4524 | |
| VORTEX (21): | 1.0386 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.4528 | |
| Williams %R (14): | -73.08 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.1447 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.4529 | |
| MA20: | 0.4539 | |
| MA50: | 0.4588 | |
| MA100: | 0.4666 | |
| MAexp7: | 0.4526 | |
| MAexp20: | 0.4528 | |
| MAexp50: | 0.4532 | |
| MAexp100: | 0.4533 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.29% |
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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