NZD/NOK - 1H - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 6.4443 NOK
My targets
6.4267 NOK (-0.0096)
6.4100 NOK (-0.0263)
My analysis
NZD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.4443 NOK. The next support located at 6.4267 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.4100 NOK. Below this support, sellers could then target 6.3361 NOK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 6.4363 NOK. On the day, this instrument lost -0.01% and was traded between 6.4303 NOK and 6.4436 NOK over the period. The price is currently at +0.09% from its lowest and -0.11% from its highest.6.4303
6.4436
6.4363
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/NOK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.4100 | 6.4267 | 6.4360 | 6.4363 | 6.4443 | 6.4559 | 6.4708 |
| Change (%) | -0.41% | -0.15% | +0.00% | - | +0.12% | +0.30% | +0.54% |
| Change | -0.0263 | -0.0096 | -0.0003 | - | +0.0080 | +0.0196 | +0.0345 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 6.3782 | 6.4073 | 6.4220 | 6.4511 | 6.4658 | 6.4949 | 6.5096 |
| Camarilla | 6.4246 | 6.4286 | 6.4326 | 6.4366 | 6.4406 | 6.4446 | 6.4487 |
| Woodie | 6.3709 | 6.4037 | 6.4147 | 6.4475 | 6.4585 | 6.4913 | 6.5023 |
| Fibonacci | 6.4073 | 6.4241 | 6.4344 | 6.4511 | 6.4679 | 6.4782 | 6.4949 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3801 | 6.4048 | 6.4358 | 6.4605 | 6.4915 | 6.5162 | 6.5472 |
| Camarilla | 6.4514 | 6.4565 | 6.4616 | 6.4667 | 6.4718 | 6.4769 | 6.4820 |
| Woodie | 6.3832 | 6.4064 | 6.4389 | 6.4621 | 6.4946 | 6.5178 | 6.5503 |
| Fibonacci | 6.4048 | 6.4261 | 6.4393 | 6.4605 | 6.4818 | 6.4950 | 6.5162 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2388 | 6.3123 | 6.3897 | 6.4632 | 6.5406 | 6.6141 | 6.6915 |
| Camarilla | 6.4255 | 6.4393 | 6.4532 | 6.4670 | 6.4808 | 6.4947 | 6.5085 |
| Woodie | 6.2407 | 6.3133 | 6.3916 | 6.4642 | 6.5425 | 6.6151 | 6.6934 |
| Fibonacci | 6.3123 | 6.3700 | 6.4056 | 6.4632 | 6.5209 | 6.5565 | 6.6141 |
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): | 34.75 | |
| MACD (12,26,9): | -0.0074 | |
| Directional Movement: | -6.7132 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 6.4378 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.4493 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 6.4624 | |
| Zig ZAG (10): | 6.4382 | |
| VORTEX (21): | 0.8712 | |
| Stochastique (14,3,5): | 22.89 | |
| TEMA (21): | 6.4337 | |
| Williams %R (14): | -68.75 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | -0.0669 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0161 | |
| Courbe Coppock: | 0.60 |
| MA7: | 6.4596 | |
| MA20: | 6.4605 | |
| MA50: | 6.4428 | |
| MA100: | 6.4901 | |
| MAexp7: | 6.4398 | |
| MAexp20: | 6.4474 | |
| MAexp50: | 6.4558 | |
| MAexp100: | 6.4580 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.83% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.34% |
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.
About author
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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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