NZD/NOK - 1H - Technical analysis published on 02/06/2024 (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:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 6.4591 NOK
My targets
6.4810 NOK (+0.0114)
6.5449 NOK (+0.0753)
My analysis
The basic bullish trend is very strong on NZD/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.4591 NOK. Crossing the first resistance at 6.4810 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 6.5449 NOK as an objective. Crossing it would then enable buyers to target 6.6432 NOK. Caution, a return to below 6.4591 NOK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/NOK rating 6.4696 NOK. The price registered a decrease of -0.04% on the session and was between 6.4658 NOK and 6.4829 NOK. This implies that the price is at +0.06% from its lowest and at -0.21% from its highest.6.4658
6.4829
6.4696
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/NOK chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.3859 | 6.4331 | 6.4591 | 6.4696 | 6.4810 | 6.5449 | 6.6432 |
| Change (%) | -1.29% | -0.56% | -0.16% | - | +0.18% | +1.16% | +2.68% |
| Change | -0.0837 | -0.0365 | -0.0105 | - | +0.0114 | +0.0753 | +0.1736 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 6.3807 | 6.4026 | 6.4373 | 6.4592 | 6.4939 | 6.5158 | 6.5505 |
| Camarilla | 6.4565 | 6.4617 | 6.4669 | 6.4721 | 6.4773 | 6.4825 | 6.4877 |
| Woodie | 6.3872 | 6.4058 | 6.4438 | 6.4624 | 6.5004 | 6.5190 | 6.5570 |
| Fibonacci | 6.4026 | 6.4242 | 6.4376 | 6.4592 | 6.4808 | 6.4942 | 6.5158 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2421 | 6.2939 | 6.3643 | 6.4161 | 6.4865 | 6.5383 | 6.6087 |
| Camarilla | 6.4012 | 6.4124 | 6.4236 | 6.4348 | 6.4460 | 6.4572 | 6.4684 |
| Woodie | 6.2515 | 6.2986 | 6.3737 | 6.4208 | 6.4959 | 6.5430 | 6.6181 |
| Fibonacci | 6.2939 | 6.3406 | 6.3694 | 6.4161 | 6.4628 | 6.4916 | 6.5383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1909 | 6.2673 | 6.3484 | 6.4248 | 6.5059 | 6.5823 | 6.6634 |
| Camarilla | 6.3863 | 6.4007 | 6.4152 | 6.4296 | 6.4440 | 6.4585 | 6.4729 |
| Woodie | 6.1934 | 6.2685 | 6.3509 | 6.4260 | 6.5084 | 6.5835 | 6.6659 |
| Fibonacci | 6.2673 | 6.3274 | 6.3646 | 6.4248 | 6.4849 | 6.5221 | 6.5823 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.93 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | -8.0427 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 6.4776 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4594 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 6.4467 | |
| Zig ZAG (10): | 6.4721 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 6.4759 | |
| Williams %R (14): | -52.94 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | -0.0752 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0166 | |
| Courbe Coppock: | 0.26 |
| MA7: | 6.4305 | |
| MA20: | 6.4174 | |
| MA50: | 6.4906 | |
| MA100: | 6.4915 | |
| MAexp7: | 6.4728 | |
| MAexp20: | 6.4688 | |
| MAexp50: | 6.4553 | |
| MAexp100: | 6.4395 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.47% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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