NOK/ZAR
-
ZAR
(-)
- Real time data - Forex
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Forex |
| Ticker: | NOKZAR |
| ISIN: |
NOK/ZAR - 1H - Technical analysis published on 11/30/2022 (GMT)
- 125
- 0
- 11/30/2022 - 04:03
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- Timeframe : 1H
- - Analysis generated on 11/30/2022 - 04:03
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1.7012 ZAR
My targets
1.6903 ZAR (-0.0075)
1.6805 ZAR (-0.0173)
My analysis
NOK/ZAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.7012 ZAR. The next support located at 1.6903 ZAR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.6805 ZAR. Below this support, sellers could then target 1.6614 ZAR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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/ZAR price is 1.6978 ZAR. On the day, this instrument lost -0.01% and was traded between 1.6953 ZAR and 1.7015 ZAR over the period. The price is currently at +0.15% from its lowest and -0.22% from its highest.1.6953
1.7015
1.6978
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/ZAR in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6614 | 1.6805 | 1.6903 | 1.6978 | 1.7012 | 1.7086 | 1.7184 |
| Change (%) | -2.14% | -1.02% | -0.44% | - | +0.20% | +0.64% | +1.21% |
| Change | -0.0364 | -0.0173 | -0.0075 | - | +0.0034 | +0.0108 | +0.0206 |
| Level | Major | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6672 | 1.6815 | 1.6897 | 1.7040 | 1.7122 | 1.7265 | 1.7347 |
| Camarilla | 1.6917 | 1.6938 | 1.6958 | 1.6979 | 1.7000 | 1.7020 | 1.7041 |
| Woodie | 1.6642 | 1.6800 | 1.6867 | 1.7025 | 1.7092 | 1.7250 | 1.7317 |
| Fibonacci | 1.6815 | 1.6901 | 1.6954 | 1.7040 | 1.7126 | 1.7179 | 1.7265 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6408 | 1.6607 | 1.6948 | 1.7147 | 1.7488 | 1.7687 | 1.8028 |
| Camarilla | 1.7142 | 1.7191 | 1.7241 | 1.7290 | 1.7340 | 1.7389 | 1.7439 |
| Woodie | 1.6480 | 1.6643 | 1.7020 | 1.7183 | 1.7560 | 1.7723 | 1.8100 |
| Fibonacci | 1.6607 | 1.6813 | 1.6940 | 1.7147 | 1.7353 | 1.7480 | 1.7687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5690 | 1.6111 | 1.6885 | 1.7306 | 1.8080 | 1.8501 | 1.9275 |
| Camarilla | 1.7331 | 1.7441 | 1.7551 | 1.7660 | 1.7770 | 1.7879 | 1.7989 |
| Woodie | 1.5868 | 1.6199 | 1.7063 | 1.7394 | 1.8258 | 1.8589 | 1.9453 |
| Fibonacci | 1.6111 | 1.6567 | 1.6849 | 1.7306 | 1.7762 | 1.8044 | 1.8501 |
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): | 33.05 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -14.6391 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.6967 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6955 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.7090 | |
| Zig ZAG (10): | 1.6984 | |
| VORTEX (21): | 0.8066 | |
| Stochastique (14,3,5): | 36.82 | |
| TEMA (21): | 1.6965 | |
| Williams %R (14): | -65.56 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | 0.0305 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0381 | |
| Courbe Coppock: | 0.70 |
| MA7: | 1.7103 | |
| MA20: | 1.7185 | |
| MA50: | 1.7136 | |
| MA100: | 1.7159 | |
| MAexp7: | 1.6992 | |
| MAexp20: | 1.7021 | |
| MAexp50: | 1.7087 | |
| MAexp100: | 1.7119 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -1.20% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | -0.82% |
Quotes :
11/30/2022 - 04:03
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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