NOK/PLN - 1H - Technical analysis published on 12/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.4472 PLN
My targets
0.4445 PLN (-0.0016)
0.4431 PLN (-0.0030)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.4472 PLN remains possible. It is advisable to trade NOK/PLN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.4472 PLN. The next bearish objective for sellers is set at 0.4445 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.4431 PLN. In case of crossing, the next objective would be the support located at 0.4415 PLN. PS: if there is a bullish break in the resistance located at 0.4472 PLN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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Additional analysis
Quotes
NOK/PLN rating 0.4461 PLN. On the day, this instrument lost -0.02% and was traded between 0.4447 PLN and 0.4471 PLN over the period. The price is currently at +0.31% from its lowest and -0.22% from its highest.0.4447
0.4471
0.4461
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 NOK/PLN in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.4415 | 0.4431 | 0.4445 | 0.4461 | 0.4461 | 0.4472 | 0.4493 |
| Change (%) | -1.03% | -0.67% | -0.36% | 0% | - | +0.25% | +0.72% |
| Change | -0.0046 | -0.0030 | -0.0016 | 0 | - | +0.0011 | +0.0032 |
| Level | Intermediate | Minor | Intermediate | Major | - | Intermediate | 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 | 0.4402 | 0.4427 | 0.4444 | 0.4469 | 0.4486 | 0.4511 | 0.4528 |
| Camarilla | 0.4451 | 0.4454 | 0.4458 | 0.4462 | 0.4466 | 0.4470 | 0.4474 |
| Woodie | 0.4399 | 0.4425 | 0.4441 | 0.4467 | 0.4483 | 0.4509 | 0.4525 |
| Fibonacci | 0.4427 | 0.4443 | 0.4453 | 0.4469 | 0.4485 | 0.4495 | 0.4511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4319 | 0.4375 | 0.4423 | 0.4479 | 0.4527 | 0.4583 | 0.4631 |
| Camarilla | 0.4442 | 0.4452 | 0.4462 | 0.4471 | 0.4481 | 0.4490 | 0.4500 |
| Woodie | 0.4315 | 0.4373 | 0.4419 | 0.4477 | 0.4523 | 0.4581 | 0.4627 |
| Fibonacci | 0.4375 | 0.4415 | 0.4439 | 0.4479 | 0.4519 | 0.4543 | 0.4583 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4288 | 0.4369 | 0.4464 | 0.4545 | 0.4640 | 0.4721 | 0.4816 |
| Camarilla | 0.4510 | 0.4526 | 0.4542 | 0.4558 | 0.4574 | 0.4590 | 0.4606 |
| Woodie | 0.4294 | 0.4373 | 0.4470 | 0.4549 | 0.4646 | 0.4725 | 0.4822 |
| Fibonacci | 0.4369 | 0.4437 | 0.4478 | 0.4545 | 0.4613 | 0.4654 | 0.4721 |
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): | 49.55 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 0.2286 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.4457 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4449 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.4484 | |
| Zig ZAG (10): | 0.4462 | |
| VORTEX (21): | 1.0411 | |
| Stochastique (14,3,5): | 68.72 | |
| TEMA (21): | 0.4459 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0528 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0104 | |
| Courbe Coppock: | 0.09 |
| MA7: | 0.4479 | |
| MA20: | 0.4505 | |
| MA50: | 0.4546 | |
| MA100: | 0.4631 | |
| MAexp7: | 0.4460 | |
| MAexp20: | 0.4460 | |
| MAexp50: | 0.4466 | |
| MAexp100: | 0.4472 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -1.87% | |
| Price / MA100: | -3.67% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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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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