JPY/NOK

- NOK (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	JPYNOK
ISIN:

JPY/NOK - Daily - Technical analysis published on 07/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 0.07515 NOK

My targets

0.07347 NOK (-0.00057)

0.07261 NOK (-0.00143)

My analysis

JPY/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.07515 NOK. The next support located at 0.07347 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.07261 NOK. Below this support, sellers could then target 0.07155 NOK. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.3

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 JPY/NOK rating is 0.07404 NOK. On the day, this instrument gained +0.18% and was between 0.07390 NOK and 0.07411 NOK. This implies that the price is at +0.19% from its lowest and at -0.09% from its highest.

0.07390

0.07411

0.07404

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 JPY/NOK in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07155	0.07261	0.07347	0.07404	0.07515	0.07775	0.08041
Change (%)	-3.36%	-1.93%	-0.77%	-	+1.50%	+5.01%	+8.60%
Change	-0.00249	-0.00143	-0.00057	-	+0.00111	+0.00371	+0.00637
Level	Minor	Minor	Major	-	Major	Intermediate	Major

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	0.07235	0.07284	0.07337	0.07386	0.07439	0.07488	0.07541
Camarilla	0.07363	0.07372	0.07382	0.07391	0.07400	0.07410	0.07419
Woodie	0.07238	0.07285	0.07340	0.07387	0.07442	0.07489	0.07544
Fibonacci	0.07284	0.07323	0.07347	0.07386	0.07425	0.07449	0.07488

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07191	0.07292	0.07368	0.07469	0.07545	0.07646	0.07722
Camarilla	0.07396	0.07413	0.07429	0.07445	0.07461	0.07478	0.07494
Woodie	0.07180	0.07286	0.07357	0.07463	0.07534	0.07640	0.07711
Fibonacci	0.07292	0.07359	0.07401	0.07469	0.07536	0.07578	0.07646

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06552	0.06970	0.07207	0.07625	0.07862	0.08280	0.08517
Camarilla	0.07265	0.07325	0.07385	0.07445	0.07505	0.07565	0.07625
Woodie	0.06463	0.06925	0.07118	0.07580	0.07773	0.08235	0.08428
Fibonacci	0.06970	0.07220	0.07375	0.07625	0.07875	0.08030	0.08280

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.43
MACD (12,26,9):	-0.0011
Directional Movement:	-9.28559
AROON (14):	-78.57143
DEMA (21):	0.07385
Parabolic SAR (0,02-0,02-0,2):	0.07443
Elder Ray (13):	-0.00066
Super Trend (3,10):	0.07672
Zig ZAG (10):	0.07404
VORTEX (21):	0.7763
Stochastique (14,3,5):	16.95
TEMA (21):	0.07345
Williams %R (14):	-76.49
Chande Momentum Oscillator (20):	-0.00185
Repulse (5,40,3):	-0.1133
ROCnROLL:	2
TRIX (15,9):	-0.1983
Courbe Coppock:	4.58

MA7:	0.07418
MA20:	0.07506
MA50:	0.07734
MA100:	0.07787
MAexp7:	0.07421
MAexp20:	0.07522
MAexp50:	0.07661
MAexp100:	0.07694
Price / MA7:	-0.19%
Price / MA20:	-1.36%
Price / MA50:	-4.27%
Price / MA100:	-4.92%
Price / MAexp7:	-0.23%
Price / MAexp20:	-1.57%
Price / MAexp50:	-3.35%
Price / MAexp100:	-3.77%

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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