NOK/ZAR - 1H - Technical analysis published on 02/28/2025 (GMT)
- 75
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.6556 ZAR
My targets
1.6694 ZAR (+0.0076)
1.6878 ZAR (+0.0260)
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 1.6556 ZAR, a purchase could be considered. The first bullish objective is located at 1.6694 ZAR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.6878 ZAR as an objective. Crossing it would then enable buyers to target 1.7000 ZAR. In the event of a return below 1.6556 ZAR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7.1
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
NOK/ZAR rating 1.6618 ZAR. The price registered an increase of +1.24% on the session with the lowest point at 1.6367 ZAR and the highest point at 1.6619 ZAR. The deviation from the price is +1.53% for the low point and -0.01% for the high point.1.6367
1.6619
1.6618
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/ZAR chart shows a bullish trend. 75.00% 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
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 | 1.6472 | 1.6556 | 1.6602 | 1.6618 | 1.6694 | 1.7000 | 1.7505 |
| Change (%) | -0.88% | -0.37% | -0.10% | - | +0.46% | +2.30% | +5.34% |
| Change | -0.0146 | -0.0062 | -0.0016 | - | +0.0076 | +0.0382 | +0.0887 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6185 | 1.6288 | 1.6351 | 1.6454 | 1.6517 | 1.6620 | 1.6683 |
| Camarilla | 1.6369 | 1.6385 | 1.6400 | 1.6415 | 1.6430 | 1.6445 | 1.6461 |
| Woodie | 1.6166 | 1.6278 | 1.6332 | 1.6444 | 1.6498 | 1.6610 | 1.6664 |
| Fibonacci | 1.6288 | 1.6351 | 1.6390 | 1.6454 | 1.6517 | 1.6556 | 1.6620 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6155 | 1.6305 | 1.6396 | 1.6546 | 1.6637 | 1.6787 | 1.6878 |
| Camarilla | 1.6422 | 1.6444 | 1.6466 | 1.6488 | 1.6510 | 1.6532 | 1.6554 |
| Woodie | 1.6127 | 1.6290 | 1.6368 | 1.6531 | 1.6609 | 1.6772 | 1.6850 |
| Fibonacci | 1.6305 | 1.6397 | 1.6454 | 1.6546 | 1.6638 | 1.6695 | 1.6787 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5799 | 1.6036 | 1.6263 | 1.6500 | 1.6727 | 1.6964 | 1.7191 |
| Camarilla | 1.6362 | 1.6405 | 1.6448 | 1.6490 | 1.6533 | 1.6575 | 1.6618 |
| Woodie | 1.5794 | 1.6034 | 1.6258 | 1.6498 | 1.6722 | 1.6962 | 1.7186 |
| Fibonacci | 1.6036 | 1.6213 | 1.6323 | 1.6500 | 1.6677 | 1.6787 | 1.6964 |
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): | 73.12 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 26.2819 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.6524 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6425 | |
| Elder Ray (13): | 0.0091 | |
| Super Trend (3,10): | 1.6483 | |
| Zig ZAG (10): | 1.6609 | |
| VORTEX (21): | 1.2350 | |
| Stochastique (14,3,5): | 92.77 | |
| TEMA (21): | 1.6570 | |
| Williams %R (14): | -2.82 | |
| Chande Momentum Oscillator (20): | 0.0197 | |
| Repulse (5,40,3): | 0.3683 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 1.65 |
| MA7: | 1.6516 | |
| MA20: | 1.6514 | |
| MA50: | 1.6492 | |
| MA100: | 1.6339 | |
| MAexp7: | 1.6554 | |
| MAexp20: | 1.6490 | |
| MAexp50: | 1.6478 | |
| MAexp100: | 1.6493 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +1.71% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +0.76% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NOK/ZAR - 1H