Londinia Opportunities Analyses - 11/27/2024 (GMT) JPY/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 0.07303 NOK
My targets
0.07390 NOK (+0.00055)
0.07419 NOK (+0.00084)
My analysis
The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07303 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.07390 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07419 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.
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
The JPY/NOK price is 0.07335 NOK. The price has increased by +0.65% since the last closing with the lowest point at 0.07282 NOK and the highest point at 0.07335 NOK. The deviation from the price is +0.73% for the low point and 0% for the high point.0.07282
0.07335
0.07335
A study of price movements over other periods shows the following variations:
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned 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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07205 | 0.07260 | 0.07303 | 0.07335 | 0.07390 | 0.07502 | 0.07616 |
| Change (%) | -1.77% | -1.02% | -0.44% | - | +0.75% | +2.28% | +3.83% |
| Change | -0.00130 | -0.00075 | -0.00032 | - | +0.00055 | +0.00167 | +0.00281 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07121 | 0.07161 | 0.07225 | 0.07265 | 0.07329 | 0.07369 | 0.07433 |
| Camarilla | 0.07259 | 0.07269 | 0.07279 | 0.07288 | 0.07298 | 0.07307 | 0.07317 |
| Woodie | 0.07132 | 0.07167 | 0.07236 | 0.07271 | 0.07340 | 0.07375 | 0.07444 |
| Fibonacci | 0.07161 | 0.07201 | 0.07226 | 0.07265 | 0.07305 | 0.07330 | 0.07369 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 75.82 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 21.04622 | |
| AROON (14): | 100.00000 | |
| DEMA (21): | 0.07320 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07283 | |
| Elder Ray (13): | 0.00030 | |
| Super Trend (3,10): | 0.07276 | |
| Zig ZAG (10): | 0.07333 | |
| VORTEX (21): | 1.3173 | |
| Stochastique (14,3,5): | 94.44 | |
| TEMA (21): | 0.07327 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.00051 | |
| Repulse (5,40,3): | 0.3726 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0508 | |
| Courbe Coppock: | 1.62 |
| MA7: | 0.07197 | |
| MA20: | 0.07186 | |
| MA50: | 0.07224 | |
| MA100: | 0.07244 | |
| MAexp7: | 0.07313 | |
| MAexp20: | 0.07285 | |
| MAexp50: | 0.07243 | |
| MAexp100: | 0.07208 | |
| Price / MA7: | +1.92% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +1.26% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | +1.76% |
Quotes :
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Real time data
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Forex