Londinia Opportunities Analyses - 10/31/2024 (GMT) EUR/NOK - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.9260 NOK
My targets
11.9957 NOK (+0.0504)
12.0219 NOK (+0.0766)
My analysis
EUR/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.9260 NOK. The next resistance located at 11.9957 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.0219 NOK. After this resistance, buyers could then target 12.5716 NOK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
8.8
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Additional analysis
Quotes
EUR/NOK rating 11.9453 NOK. The price registered an increase of +0.35% on the session and was between 11.8856 NOK and 11.9495 NOK. This implies that the price is at +0.50% from its lowest and at -0.04% from its highest.11.8856
11.9495
11.9453
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11.8837 | 11.9076 | 11.9260 | 11.9453 | 11.9957 | 12.5716 |
| Change (%) | -0.52% | -0.32% | -0.16% | - | +0.42% | +5.24% |
| Change | -0.0616 | -0.0377 | -0.0193 | - | +0.0504 | +0.6263 |
| Level | Intermediate | Minor | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7725 | 11.8003 | 11.8521 | 11.8799 | 11.9317 | 11.9595 | 12.0113 |
| Camarilla | 11.8821 | 11.8894 | 11.8967 | 11.9040 | 11.9113 | 11.9186 | 11.9259 |
| Woodie | 11.7846 | 11.8063 | 11.8642 | 11.8859 | 11.9438 | 11.9655 | 12.0234 |
| Fibonacci | 11.8003 | 11.8307 | 11.8495 | 11.8799 | 11.9103 | 11.9291 | 11.9595 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6676 | 11.7247 | 11.7857 | 11.8428 | 11.9038 | 11.9609 | 12.0219 |
| Camarilla | 11.8141 | 11.8250 | 11.8358 | 11.8466 | 11.8574 | 11.8683 | 11.8791 |
| Woodie | 11.6695 | 11.7257 | 11.7876 | 11.8438 | 11.9057 | 11.9619 | 12.0238 |
| Fibonacci | 11.7247 | 11.7699 | 11.7977 | 11.8428 | 11.8880 | 11.9158 | 11.9609 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1552 | 11.3782 | 11.5626 | 11.7856 | 11.9700 | 12.1930 | 12.3774 |
| Camarilla | 11.6349 | 11.6722 | 11.7096 | 11.7469 | 11.7843 | 11.8216 | 11.8589 |
| Woodie | 11.1358 | 11.3686 | 11.5432 | 11.7760 | 11.9506 | 12.1834 | 12.3580 |
| Fibonacci | 11.3782 | 11.5339 | 11.6300 | 11.7856 | 11.9413 | 12.0374 | 12.1930 |
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): | 76.22 | |
| MACD (12,26,9): | 0.0134 | |
| Directional Movement: | 7.4073 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 11.9226 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8856 | |
| Elder Ray (13): | 0.0265 | |
| Super Trend (3,10): | 11.8946 | |
| Zig ZAG (10): | 11.9410 | |
| VORTEX (21): | 1.3063 | |
| Stochastique (14,3,5): | 96.26 | |
| TEMA (21): | 11.9291 | |
| Williams %R (14): | -1.93 | |
| Chande Momentum Oscillator (20): | 0.0374 | |
| Repulse (5,40,3): | 0.3198 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.32 |
| MA7: | 11.8753 | |
| MA20: | 11.8121 | |
| MA50: | 11.7841 | |
| MA100: | 11.7272 | |
| MAexp7: | 11.9224 | |
| MAexp20: | 11.9058 | |
| MAexp50: | 11.8889 | |
| MAexp100: | 11.8763 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +1.37% | |
| Price / MA100: | +1.86% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.58% |
Quotes :
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Real time data
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Forex