Londinia Opportunities Analyses - 11/26/2024 (GMT) JPY/NOK - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.07160 NOK
My targets
0.07329 NOK (+0.00091)
0.07390 NOK (+0.00152)
My analysis
The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07160 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.07329 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07390 NOK as an objective. Crossing it would then enable buyers to target 0.07502 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The JPY/NOK rating is 0.07238 NOK. The price registered an increase of +0.40% on the session and was between 0.07202 NOK and 0.07260 NOK. This implies that the price is at +0.50% from its lowest and at -0.30% from its highest.0.07202
0.07260
0.07238
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 0.07061 | 0.07110 | 0.07160 | 0.07238 | 0.07239 | 0.07390 | 0.07502 |
| Change (%) | -2.45% | -1.77% | -1.08% | - | +0.01% | +2.10% | +3.65% |
| Change | -0.00177 | -0.00128 | -0.00078 | - | +0.00001 | +0.00152 | +0.00264 |
| Level | Intermediate | Intermediate | Major | - | 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 | 0.07056 | 0.07090 | 0.07150 | 0.07184 | 0.07244 | 0.07278 | 0.07338 |
| Camarilla | 0.07183 | 0.07192 | 0.07200 | 0.07209 | 0.07218 | 0.07226 | 0.07235 |
| Woodie | 0.07068 | 0.07097 | 0.07162 | 0.07191 | 0.07256 | 0.07285 | 0.07350 |
| Fibonacci | 0.07090 | 0.07126 | 0.07148 | 0.07184 | 0.07220 | 0.07242 | 0.07278 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06885 | 0.06973 | 0.07063 | 0.07151 | 0.07241 | 0.07329 | 0.07419 |
| Camarilla | 0.07104 | 0.07120 | 0.07137 | 0.07153 | 0.07169 | 0.07186 | 0.07202 |
| Woodie | 0.06886 | 0.06974 | 0.07064 | 0.07152 | 0.07242 | 0.07330 | 0.07420 |
| Fibonacci | 0.06973 | 0.07041 | 0.07083 | 0.07151 | 0.07219 | 0.07261 | 0.07329 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06814 | 0.06971 | 0.07103 | 0.07260 | 0.07392 | 0.07549 | 0.07681 |
| Camarilla | 0.07157 | 0.07183 | 0.07210 | 0.07236 | 0.07263 | 0.07289 | 0.07316 |
| Woodie | 0.06803 | 0.06965 | 0.07092 | 0.07254 | 0.07381 | 0.07543 | 0.07670 |
| Fibonacci | 0.06971 | 0.07081 | 0.07149 | 0.07260 | 0.07370 | 0.07438 | 0.07549 |
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): | 59.95 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.63224 | |
| AROON (14): | 21.42857 | |
| DEMA (21): | 0.07231 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07258 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.07175 | |
| Zig ZAG (10): | 0.07234 | |
| VORTEX (21): | 1.1204 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.07238 | |
| Williams %R (14): | -32.53 | |
| Chande Momentum Oscillator (20): | 0.00042 | |
| Repulse (5,40,3): | 0.2808 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0315 | |
| Courbe Coppock: | 0.99 |
| MA7: | 0.07158 | |
| MA20: | 0.07174 | |
| MA50: | 0.07224 | |
| MA100: | 0.07237 | |
| MAexp7: | 0.07227 | |
| MAexp20: | 0.07211 | |
| MAexp50: | 0.07188 | |
| MAexp100: | 0.07171 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.93% |
Quotes :
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Real time data
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Forex