JPY/NOK - 1H - Technical analysis published on 05/29/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Neutral between 0.07871 NOK and 0.07903 NOK
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on JPY/NOK. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.07903 NOK. The first support is located at 0.07871 NOK. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 JPY/NOK price is 0.07885 NOK. On the day, this instrument gained +0.25% and was between 0.07864 NOK and 0.07892 NOK. This implies that the price is at +0.27% from its lowest and at -0.09% from its highest.0.07864
0.07892
0.07885
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
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 JPY/NOK in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07818 | 0.07837 | 0.07871 | 0.07885 | 0.07903 | 0.07920 | 0.07947 |
| Change (%) | -0.85% | -0.61% | -0.18% | - | +0.23% | +0.44% | +0.79% |
| Change | -0.00067 | -0.00048 | -0.00014 | - | +0.00018 | +0.00035 | +0.00062 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07830 | 0.07846 | 0.07855 | 0.07871 | 0.07880 | 0.07896 | 0.07905 |
| Camarilla | 0.07858 | 0.07860 | 0.07863 | 0.07865 | 0.07867 | 0.07870 | 0.07872 |
| Woodie | 0.07828 | 0.07844 | 0.07853 | 0.07869 | 0.07878 | 0.07894 | 0.07903 |
| Fibonacci | 0.07846 | 0.07855 | 0.07861 | 0.07871 | 0.07880 | 0.07886 | 0.07896 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07614 | 0.07692 | 0.07790 | 0.07868 | 0.07966 | 0.08044 | 0.08142 |
| Camarilla | 0.07839 | 0.07855 | 0.07871 | 0.07887 | 0.07903 | 0.07919 | 0.07935 |
| Woodie | 0.07623 | 0.07697 | 0.07799 | 0.07873 | 0.07975 | 0.08049 | 0.08151 |
| Fibonacci | 0.07692 | 0.07760 | 0.07801 | 0.07868 | 0.07936 | 0.07977 | 0.08044 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07397 | 0.07560 | 0.07689 | 0.07852 | 0.07981 | 0.08144 | 0.08273 |
| Camarilla | 0.07737 | 0.07764 | 0.07790 | 0.07817 | 0.07844 | 0.07871 | 0.07897 |
| Woodie | 0.07379 | 0.07552 | 0.07671 | 0.07844 | 0.07963 | 0.08136 | 0.08255 |
| Fibonacci | 0.07560 | 0.07672 | 0.07741 | 0.07852 | 0.07964 | 0.08033 | 0.08144 |
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): | 53.56 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.46687 | |
| AROON (14): | 14.28571 | |
| DEMA (21): | 0.07880 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07897 | |
| Elder Ray (13): | 0.00003 | |
| Super Trend (3,10): | 0.07851 | |
| Zig ZAG (10): | 0.07892 | |
| VORTEX (21): | 0.9493 | |
| Stochastique (14,3,5): | 51.63 | |
| TEMA (21): | 0.07878 | |
| Williams %R (14): | -18.42 | |
| Chande Momentum Oscillator (20): | 0.00009 | |
| Repulse (5,40,3): | 0.3019 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.07882 | |
| MA20: | 0.07872 | |
| MA50: | 0.07880 | |
| MA100: | 0.07805 | |
| MAexp7: | 0.07880 | |
| MAexp20: | 0.07883 | |
| MAexp50: | 0.07886 | |
| MAexp100: | 0.07885 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0% |
Quotes :
-
Real time data
-
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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