NOK/ZAR - 1H - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.7409 ZAR
My targets
1.7505 ZAR (+0.0064)
1.7537 ZAR (+0.0096)
My analysis
A bullish trend on NOK/ZAR both in substance and in the short term. A purchase could be considered as long as the price remains above 1.7409 ZAR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.7505 ZAR. Then the price could move towards 1.7537 ZAR. Then 1.7634 ZAR by extension. Be careful, a return below 1.7409 ZAR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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.
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Additional analysis
Quotes
The NOK/ZAR rating is 1.7441 ZAR. On the day, this instrument lost -0.02% with the lowest point at 1.7403 ZAR and the highest point at 1.7495 ZAR. The deviation from the price is +0.22% for the low point and -0.31% for the high point.1.7403
1.7495
1.7441
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/ZAR in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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 support
Type : Bullish
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7265 | 1.7328 | 1.7409 | 1.7441 | 1.7505 | 1.7537 | 1.7634 |
| Change (%) | -1.01% | -0.65% | -0.18% | - | +0.37% | +0.55% | +1.11% |
| Change | -0.0176 | -0.0113 | -0.0032 | - | +0.0064 | +0.0096 | +0.0193 |
| Level | Intermediate | Major | Minor | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7105 | 1.7185 | 1.7315 | 1.7395 | 1.7525 | 1.7605 | 1.7735 |
| Camarilla | 1.7387 | 1.7407 | 1.7426 | 1.7445 | 1.7464 | 1.7484 | 1.7503 |
| Woodie | 1.7130 | 1.7198 | 1.7340 | 1.7408 | 1.7550 | 1.7618 | 1.7760 |
| Fibonacci | 1.7185 | 1.7265 | 1.7315 | 1.7395 | 1.7475 | 1.7525 | 1.7605 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6782 | 1.6998 | 1.7202 | 1.7418 | 1.7622 | 1.7838 | 1.8042 |
| Camarilla | 1.7291 | 1.7329 | 1.7368 | 1.7406 | 1.7445 | 1.7483 | 1.7522 |
| Woodie | 1.6776 | 1.6995 | 1.7196 | 1.7415 | 1.7616 | 1.7835 | 1.8036 |
| Fibonacci | 1.6998 | 1.7158 | 1.7258 | 1.7418 | 1.7578 | 1.7678 | 1.7838 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5768 | 1.6179 | 1.6812 | 1.7223 | 1.7856 | 1.8267 | 1.8900 |
| Camarilla | 1.7158 | 1.7254 | 1.7349 | 1.7445 | 1.7541 | 1.7636 | 1.7732 |
| Woodie | 1.5879 | 1.6235 | 1.6923 | 1.7279 | 1.7967 | 1.8323 | 1.9011 |
| Fibonacci | 1.6179 | 1.6578 | 1.6824 | 1.7223 | 1.7622 | 1.7868 | 1.8267 |
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): | 49.19 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 1.3423 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.7435 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7389 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.7462 | |
| Zig ZAG (10): | 1.7426 | |
| VORTEX (21): | 1.1453 | |
| Stochastique (14,3,5): | 31.08 | |
| TEMA (21): | 1.7441 | |
| Williams %R (14): | -69.57 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.1147 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.7408 | |
| MA20: | 1.7240 | |
| MA50: | 1.7330 | |
| MA100: | 1.7239 | |
| MAexp7: | 1.7435 | |
| MAexp20: | 1.7431 | |
| MAexp50: | 1.7426 | |
| MAexp100: | 1.7418 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +1.17% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.13% |
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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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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