JPY/NOK - 1H - Technical analysis published on 11/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.07409 NOK
My targets
0.07446 NOK (+0.00028)
0.07498 NOK (+0.00080)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/NOK as long as the price remains well above 0.07409 NOK. The buyers' bullish objective is set at 0.07446 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07498 NOK. If there is any crossing, the next objective would be the resistance located at 0.07515 NOK.
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
6.3
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 0.07418 NOK. The price has increased by +0.68% since the last closing with the lowest point at 0.07362 NOK and the highest point at 0.07428 NOK. The deviation from the price is +0.76% for the low point and -0.13% for the high point.0.07362
0.07428
0.07418
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 JPY/NOK in 1H shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 0.07365 | 0.07381 | 0.07409 | 0.07418 | 0.07446 | 0.07498 | 0.07515 |
| Change (%) | -0.71% | -0.50% | -0.12% | - | +0.38% | +1.08% | +1.31% |
| Change | -0.00053 | -0.00037 | -0.00009 | - | +0.00028 | +0.00080 | +0.00097 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | 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 | 0.07287 | 0.07317 | 0.07343 | 0.07373 | 0.07399 | 0.07429 | 0.07455 |
| Camarilla | 0.07353 | 0.07358 | 0.07363 | 0.07368 | 0.07373 | 0.07378 | 0.07383 |
| Woodie | 0.07284 | 0.07316 | 0.07340 | 0.07372 | 0.07396 | 0.07428 | 0.07452 |
| Fibonacci | 0.07317 | 0.07339 | 0.07352 | 0.07373 | 0.07395 | 0.07408 | 0.07429 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07202 | 0.07283 | 0.07335 | 0.07416 | 0.07468 | 0.07549 | 0.07601 |
| Camarilla | 0.07349 | 0.07362 | 0.07374 | 0.07386 | 0.07398 | 0.07410 | 0.07423 |
| Woodie | 0.07187 | 0.07276 | 0.07320 | 0.07409 | 0.07453 | 0.07542 | 0.07586 |
| Fibonacci | 0.07283 | 0.07334 | 0.07366 | 0.07416 | 0.07467 | 0.07499 | 0.07549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06800 | 0.06962 | 0.07174 | 0.07336 | 0.07548 | 0.07710 | 0.07922 |
| Camarilla | 0.07283 | 0.07317 | 0.07352 | 0.07386 | 0.07420 | 0.07455 | 0.07489 |
| Woodie | 0.06825 | 0.06975 | 0.07199 | 0.07349 | 0.07573 | 0.07723 | 0.07947 |
| Fibonacci | 0.06962 | 0.07105 | 0.07193 | 0.07336 | 0.07479 | 0.07567 | 0.07710 |
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): | 75.61 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 17.83237 | |
| AROON (14): | 78.57143 | |
| DEMA (21): | 0.07386 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07362 | |
| Elder Ray (13): | 0.00032 | |
| Super Trend (3,10): | 0.07372 | |
| Zig ZAG (10): | 0.07420 | |
| VORTEX (21): | 1.2065 | |
| Stochastique (14,3,5): | 90.79 | |
| TEMA (21): | 0.07396 | |
| Williams %R (14): | -9.86 | |
| Chande Momentum Oscillator (20): | 0.00051 | |
| Repulse (5,40,3): | 0.5790 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.65 |
| MA7: | 0.07407 | |
| MA20: | 0.07386 | |
| MA50: | 0.07319 | |
| MA100: | 0.07303 | |
| MAexp7: | 0.07394 | |
| MAexp20: | 0.07381 | |
| MAexp50: | 0.07384 | |
| MAexp100: | 0.07395 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.31% |
Quotes :
-
Real time data
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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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