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 12/26/2022 (GMT)

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  • Timeframe : 1H
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  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.4438 PLN
My targets
0.4415 PLN (-0.0017)
0.4360 PLN (-0.0072)
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 0.4438 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 0.4438 PLN. The next bearish objective for sellers is set at 0.4415 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.4360 PLN. In case of crossing, the next objective would be the support located at 0.4215 PLN. PS: if there is a bullish break in the resistance located at 0.4438 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
2

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

NOK/PLN rating 0.4432 PLN. The price has increased by +0.27% since the last closing and was between 0.4424 PLN and 0.4442 PLN. This implies that the price is at +0.18% from its lowest and at -0.23% from its highest.

0.4424
0.4442
0.4432

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/PLN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

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 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.4215 0.4360 0.4415 0.4432 0.4438 0.4485 0.4515
Change (%) -4.90% -1.62% -0.38% - +0.14% +1.20% +1.87%
Change -0.0217 -0.0072 -0.0017 - +0.0006 +0.0053 +0.0083
Level Intermediate Major Major - Intermediate Major Minor



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
Standard0.43710.43930.44060.44280.44410.44630.4476
Camarilla0.44100.44140.44170.44200.44230.44260.4430
Woodie0.43680.43910.44030.44260.44380.44610.4473
Fibonacci0.43930.44060.44140.44280.44410.44490.4463


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.42230.42910.43560.44240.44890.45570.4622
Camarilla0.43830.43960.44080.44200.44320.44440.4457
Woodie0.42210.42900.43540.44230.44870.45560.4620
Fibonacci0.42910.43420.43740.44240.44750.45070.4557


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.42880.43690.44640.45450.46400.47210.4816
Camarilla0.45100.45260.45420.45580.45740.45900.4606
Woodie0.42940.43730.44700.45490.46460.47250.4822
Fibonacci0.43690.44370.44780.45450.46130.46540.4721

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): 51.36
MACD (12,26,9): -0.0002
Directional Movement: -5.7747
AROON (14): 21.4285
DEMA (21): 0.4429
Parabolic SAR (0,02-0,02-0,2): 0.4439
Elder Ray (13): 0.0002
Super Trend (3,10): 0.4445
Zig ZAG (10): 0.4437
VORTEX (21): 0.9558
Stochastique (14,3,5): 57.58
TEMA (21): 0.4432
Williams %R (14): -36.36
Chande Momentum Oscillator (20): 0.0007
Repulse (5,40,3): 0.2297
ROCnROLL: -1
TRIX (15,9): -0.0088
Courbe Coppock: 0.15
MA7: 0.4449
MA20: 0.4483
MA50: 0.4530
MA100: 0.4620
MAexp7: 0.4432
MAexp20: 0.4432
MAexp50: 0.4438
MAexp100: 0.4446
Price / MA7: -0.38%
Price / MA20: -1.14%
Price / MA50: -2.16%
Price / MA100: -4.07%
Price / MAexp7: +0.05%
Price / MAexp20: +0.05%
Price / MAexp50: -0.09%
Price / MAexp100: -0.27%

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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