NZD/NOK - Daily - Technical analysis published on 11/16/2023 (GMT)
- 154
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
50%
39%
My opinion
Neutral between 6.4470 NOK and 6.5449 NOK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on NZD/NOK. It is difficult to advise a trading direction under these conditions. The first resistance is located at 6.5449 NOK. The first support is located at 6.4470 NOK. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/NOK rating 6.4823 NOK. The price is lower by -0.49% since the last closing with the lowest point at 6.4811 NOK and the highest point at 6.5200 NOK. The deviation from the price is +0.02% for the low point and -0.58% for the high point.6.4811
6.5200
6.4823
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NZD/NOK indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.2782 | 6.3361 | 6.4470 | 6.4823 | 6.5449 | 6.6059 | 6.7049 |
| Change (%) | -3.15% | -2.26% | -0.54% | - | +0.97% | +1.91% | +3.43% |
| Change | -0.2041 | -0.1462 | -0.0353 | - | +0.0626 | +0.1236 | +0.2226 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.4069 | 6.4486 | 6.4813 | 6.5230 | 6.5557 | 6.5974 | 6.6301 |
| Camarilla | 6.4934 | 6.5003 | 6.5071 | 6.5139 | 6.5207 | 6.5275 | 6.5344 |
| Woodie | 6.4023 | 6.4464 | 6.4767 | 6.5208 | 6.5511 | 6.5952 | 6.6255 |
| Fibonacci | 6.4486 | 6.4771 | 6.4946 | 6.5230 | 6.5515 | 6.5690 | 6.5974 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3658 | 6.4527 | 6.5037 | 6.5906 | 6.6416 | 6.7285 | 6.7795 |
| Camarilla | 6.5167 | 6.5293 | 6.5420 | 6.5546 | 6.5672 | 6.5799 | 6.5925 |
| Woodie | 6.3478 | 6.4437 | 6.4857 | 6.5816 | 6.6236 | 6.7195 | 6.7615 |
| Fibonacci | 6.4527 | 6.5054 | 6.5380 | 6.5906 | 6.6433 | 6.6759 | 6.7285 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2196 | 6.3036 | 6.3969 | 6.4809 | 6.5742 | 6.6582 | 6.7515 |
| Camarilla | 6.4415 | 6.4578 | 6.4741 | 6.4903 | 6.5066 | 6.5228 | 6.5391 |
| Woodie | 6.2244 | 6.3059 | 6.4017 | 6.4832 | 6.5790 | 6.6605 | 6.7563 |
| Fibonacci | 6.3036 | 6.3713 | 6.4131 | 6.4809 | 6.5486 | 6.5904 | 6.6582 |
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): | 45.07 | |
| MACD (12,26,9): | 0.0167 | |
| Directional Movement: | 0.9517 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 6.5602 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.6568 | |
| Elder Ray (13): | -0.0374 | |
| Super Trend (3,10): | 6.4500 | |
| Zig ZAG (10): | 6.4816 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 15.08 | |
| TEMA (21): | 6.5465 | |
| Williams %R (14): | -98.34 | |
| Chande Momentum Oscillator (20): | -0.0081 | |
| Repulse (5,40,3): | -1.4912 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0689 | |
| Courbe Coppock: | 1.35 |
| MA7: | 6.5446 | |
| MA20: | 6.5379 | |
| MA50: | 6.4718 | |
| MA100: | 6.4020 | |
| MAexp7: | 6.5303 | |
| MAexp20: | 6.5311 | |
| MAexp50: | 6.4854 | |
| MAexp100: | 6.4600 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +1.25% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.35% |
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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