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NOK/ZAR
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 01/06/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.6909 ZAR
My targets
1.7076 ZAR (+0.0034)
1.7080 ZAR (+0.0038)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOK/ZAR. This is a positive signal for buyers. As long as the price remains above 1.6909 ZAR, a purchase could be considered. The first bullish objective is located at 1.7076 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7080 ZAR as an objective. Crossing it would then enable buyers to target 1.7328 ZAR. In the event of a return below 1.6909 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
5.9

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.

Londinia
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/ZAR rating is 1.7042 ZAR. The price registered an increase of +1.82% on the session and was traded between 1.6722 ZAR and 1.7044 ZAR over the period. The price is currently at +1.91% from its lowest and -0.01% from its highest.

1.6722
1.7044
1.7042

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NOK/ZAR chart shows a bullish trend. 64.29% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6614 1.6704 1.6909 1.7042 1.7076 1.7328 1.7423
Change (%) -2.51% -1.98% -0.78% - +0.20% +1.68% +2.24%
Change -0.0428 -0.0338 -0.0133 - +0.0034 +0.0286 +0.0381
Level Major Minor Major - Intermediate Intermediate Minor



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
Standard1.64061.65471.66421.67831.68781.70191.7114
Camarilla1.66721.66941.67151.67371.67591.67801.6802
Woodie1.63831.65361.66191.67721.68551.70081.7091
Fibonacci1.65471.66371.66931.67831.68731.69291.7019


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.64931.67841.70801.73711.76671.79581.8254
Camarilla1.72161.72691.73231.73771.74311.74851.7538
Woodie1.64971.67851.70841.73721.76711.79591.8258
Fibonacci1.67841.70081.71461.73711.75951.77331.7958


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.55091.62861.68321.76091.81551.89321.9478
Camarilla1.70131.71351.72561.73771.74981.76201.7741
Woodie1.53931.62281.67161.75511.80391.88741.9362
Fibonacci1.62861.67921.71041.76091.81151.84271.8932

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): 66.15
MACD (12,26,9): 0.0026
Directional Movement: 17.9402
AROON (14): 100.0000
DEMA (21): 1.6843
Parabolic SAR (0,02-0,02-0,2): 1.6739
Elder Ray (13): 0.0130
Super Trend (3,10): 1.6720
Zig ZAG (10): 1.6965
VORTEX (21): 1.1357
Stochastique (14,3,5): 77.45
TEMA (21): 1.6876
Williams %R (14): -20.44
Chande Momentum Oscillator (20): 0.0194
Repulse (5,40,3): 0.7973
ROCnROLL: 1
TRIX (15,9): 0.0037
Courbe Coppock: 1.14
MA7: 1.7005
MA20: 1.7341
MA50: 1.7325
MA100: 1.7246
MAexp7: 1.6868
MAexp20: 1.6819
MAexp50: 1.6825
MAexp100: 1.6904
Price / MA7: +0.22%
Price / MA20: -1.72%
Price / MA50: -1.63%
Price / MA100: -1.18%
Price / MAexp7: +1.04%
Price / MAexp20: +1.34%
Price / MAexp50: +1.30%
Price / MAexp100: +0.83%

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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Londinia
Londinia AI

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