EUR/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURNOK
ISIN:

EUR/NOK - 1H - Technical analysis published on 03/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 11.3915 NOK

My targets

11.4880 NOK (+0.0134)

11.5155 NOK (+0.0409)

My analysis

The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 11.3915 NOK, you could try to benefit from the boom. The first bullish objective is located at 11.4880 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.5155 NOK as an objective. Crossing it would then enable buyers to target 11.5991 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

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/NOK price is 11.4746 NOK. On the day, this instrument gained +0.00% and was between 11.4212 NOK and 11.5090 NOK. This implies that the price is at +0.47% from its lowest and at -0.30% from its highest.

11.4212

11.5090

11.4746

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.3588	11.3915	11.4669	11.4746	11.4880	11.5155	11.5991
Change (%)	-1.01%	-0.72%	-0.07%	-	+0.12%	+0.36%	+1.09%
Change	-0.1158	-0.0831	-0.0077	-	+0.0134	+0.0409	+0.1245
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.3211	11.3553	11.4149	11.4491	11.5087	11.5429	11.6025
Camarilla	11.4486	11.4572	11.4658	11.4744	11.4830	11.4916	11.5002
Woodie	11.3337	11.3617	11.4275	11.4555	11.5213	11.5493	11.6151
Fibonacci	11.3553	11.3912	11.4133	11.4491	11.4850	11.5071	11.5429

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.2078	11.2920	11.3471	11.4313	11.4864	11.5706	11.6257
Camarilla	11.3639	11.3767	11.3894	11.4022	11.4150	11.4277	11.4405
Woodie	11.1933	11.2847	11.3326	11.4240	11.4719	11.5633	11.6112
Fibonacci	11.2920	11.3452	11.3781	11.4313	11.4845	11.5174	11.5706

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.1170	11.2039	11.3417	11.4286	11.5664	11.6533	11.7911
Camarilla	11.4177	11.4383	11.4589	11.4795	11.5001	11.5207	11.5413
Woodie	11.1425	11.2166	11.3672	11.4413	11.5919	11.6660	11.8166
Fibonacci	11.2039	11.2897	11.3428	11.4286	11.5144	11.5675	11.6533

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):	63.89
MACD (12,26,9):	0.0050
Directional Movement:	8.6520
AROON (14):	50.0000
DEMA (21):	11.4780
Parabolic SAR (0,02-0,02-0,2):	11.4309
Elder Ray (13):	0.0193
Super Trend (3,10):	11.4992
Zig ZAG (10):	11.4960
VORTEX (21):	1.0044
Stochastique (14,3,5):	71.57
TEMA (21):	11.4774
Williams %R (14):	-11.28
Chande Momentum Oscillator (20):	0.0332
Repulse (5,40,3):	0.2122
ROCnROLL:	1
TRIX (15,9):	0.0062
Courbe Coppock:	0.11

MA7:	11.4521
MA20:	11.3947
MA50:	11.3638
MA100:	11.5389
MAexp7:	11.4774
MAexp20:	11.4710
MAexp50:	11.4612
MAexp100:	11.4510
Price / MA7:	+0.20%
Price / MA20:	+0.70%
Price / MA50:	+0.98%
Price / MA100:	-0.56%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.21%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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