NOK/PLN - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.3670 PLN
My targets
0.3696 PLN (+0.0016)
0.3712 PLN (+0.0032)
My analysis
NOK/PLN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.3670 PLN. The next resistance located at 0.3696 PLN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.3712 PLN. After this resistance, buyers could then target 0.3756 PLN.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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:
Additional analysis
Quotes
The NOK/PLN rating is 0.3680 PLN. The price registered an increase of +0.41% on the session with the lowest point at 0.3663 PLN and the highest point at 0.3691 PLN. The deviation from the price is +0.46% for the low point and -0.30% for the high point.0.3663
0.3691
0.3680
Here is a more detailed summary of the historical variations registered by NOK/PLN:
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 bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 0.3663 | 0.3670 | 0.3678 | 0.3680 | 0.3696 | 0.3712 | 0.3756 |
| Change (%) | -0.46% | -0.27% | -0.05% | - | +0.43% | +0.87% | +2.07% |
| Change | -0.0017 | -0.0010 | -0.0002 | - | +0.0016 | +0.0032 | +0.0076 |
| Level | Minor | Major | Minor | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3637 | 0.3646 | 0.3655 | 0.3664 | 0.3673 | 0.3682 | 0.3691 |
| Camarilla | 0.3660 | 0.3662 | 0.3663 | 0.3665 | 0.3667 | 0.3668 | 0.3670 |
| Woodie | 0.3638 | 0.3646 | 0.3656 | 0.3664 | 0.3674 | 0.3682 | 0.3692 |
| Fibonacci | 0.3646 | 0.3653 | 0.3657 | 0.3664 | 0.3671 | 0.3675 | 0.3682 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3595 | 0.3619 | 0.3659 | 0.3683 | 0.3723 | 0.3747 | 0.3787 |
| Camarilla | 0.3681 | 0.3687 | 0.3693 | 0.3699 | 0.3705 | 0.3711 | 0.3717 |
| Woodie | 0.3603 | 0.3623 | 0.3667 | 0.3687 | 0.3731 | 0.3751 | 0.3795 |
| Fibonacci | 0.3619 | 0.3643 | 0.3659 | 0.3683 | 0.3707 | 0.3723 | 0.3747 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3503 | 0.3570 | 0.3612 | 0.3679 | 0.3721 | 0.3788 | 0.3830 |
| Camarilla | 0.3623 | 0.3633 | 0.3643 | 0.3653 | 0.3663 | 0.3673 | 0.3683 |
| Woodie | 0.3490 | 0.3564 | 0.3599 | 0.3673 | 0.3708 | 0.3782 | 0.3817 |
| Fibonacci | 0.3570 | 0.3612 | 0.3638 | 0.3679 | 0.3721 | 0.3747 | 0.3788 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.28 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 13.0082 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.3681 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3690 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.3668 | |
| Zig ZAG (10): | 0.3680 | |
| VORTEX (21): | 1.1119 | |
| Stochastique (14,3,5): | 59.71 | |
| TEMA (21): | 0.3684 | |
| Williams %R (14): | -42.31 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | -0.0693 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0151 | |
| Courbe Coppock: | 0.86 |
| MA7: | 0.3679 | |
| MA20: | 0.3681 | |
| MA50: | 0.3700 | |
| MA100: | 0.3762 | |
| MAexp7: | 0.3680 | |
| MAexp20: | 0.3676 | |
| MAexp50: | 0.3673 | |
| MAexp100: | 0.3674 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | -2.18% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.16% |
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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