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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 06/19/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.3793 PLN
My targets
0.3834 PLN (+0.0011)
0.3869 PLN (+0.0046)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOK/PLN as long as the price remains well above 0.3793 PLN. The buyers' bullish objective is set at 0.3834 PLN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.3869 PLN. If there is any crossing, the next objective would be the resistance located at 0.3967 PLN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NOK/PLN price is 0.3823 PLN. The price has increased by +0.11% since the last closing and was traded between 0.3816 PLN and 0.3824 PLN over the period. The price is currently at +0.18% from its lowest and -0.03% from its highest.

0.3816
0.3824
0.3823

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/PLN chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.3773 0.3793 0.3820 0.3823 0.3834 0.3869 0.3967
Change (%) -1.31% -0.78% -0.08% - +0.29% +1.20% +3.77%
Change -0.0050 -0.0030 -0.0003 - +0.0011 +0.0046 +0.0144
Level Intermediate Major Intermediate - Major Major Intermediate



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
Standard0.37740.37840.38010.38110.38280.38380.3855
Camarilla0.38120.38140.38170.38190.38220.38240.3826
Woodie0.37790.37860.38060.38130.38330.38400.3860
Fibonacci0.37840.37940.38000.38110.38210.38270.3838


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.36410.36810.37580.37980.38750.39150.3992
Camarilla0.38020.38130.38230.38340.38450.38560.3866
Woodie0.36590.36900.37760.38070.38930.39240.4010
Fibonacci0.36810.37260.37540.37980.38430.38710.3915


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.35580.36010.36770.37200.37960.38390.3915
Camarilla0.37200.37310.37420.37530.37640.37750.3786
Woodie0.35750.36090.36940.37280.38130.38470.3932
Fibonacci0.36010.36470.36750.37200.37660.37940.3839

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): 71.91
MACD (12,26,9): 0.0005
Directional Movement: 7.4412
AROON (14): 92.8571
DEMA (21): 0.3819
Parabolic SAR (0,02-0,02-0,2): 0.3812
Elder Ray (13): 0.0005
Super Trend (3,10): 0.3805
Zig ZAG (10): 0.3823
VORTEX (21): 1.1606
Stochastique (14,3,5): 91.49
TEMA (21): 0.3823
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.1661
ROCnROLL: 1
TRIX (15,9): 0.0139
Courbe Coppock: 0.85
MA7: 0.3806
MA20: 0.3760
MA50: 0.3711
MA100: 0.3731
MAexp7: 0.3819
MAexp20: 0.3813
MAexp50: 0.3809
MAexp100: 0.3803
Price / MA7: +0.45%
Price / MA20: +1.68%
Price / MA50: +3.02%
Price / MA100: +2.47%
Price / MAexp7: +0.08%
Price / MAexp20: +0.24%
Price / MAexp50: +0.34%
Price / MAexp100: +0.50%

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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