EUR/NOK - 1H - Technical analysis published on 06/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 10.6486 NOK
My targets
10.5277 NOK (-0.0974)
10.3163 NOK (-0.3088)
My analysis
The bearish trend is currently very strong for EUR/NOK. As long as the price remains below the resistance at 10.6486 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.5277 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.3163 NOK as an objective. Crossing it would then enable sellers to target 10.2614 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/NOK rating 10.6251 NOK. The price is lower by -0.25% since the last closing and was traded between 10.6058 NOK and 10.6571 NOK over the period. The price is currently at +0.18% from its lowest and -0.30% from its highest.10.6058
10.6571
10.6251
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 9.4162 | 9.9924 | 10.2614 | 10.6251 | 10.6486 | 10.7298 | 10.8475 |
| Change (%) | -11.38% | -5.95% | -3.42% | - | +0.22% | +0.99% | +2.09% |
| Change | -1.2089 | -0.6327 | -0.3637 | - | +0.0235 | +0.1047 | +0.2224 |
| Level | Intermediate | Major | Intermediate | - | 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 | 10.5194 | 10.5772 | 10.6142 | 10.6720 | 10.7090 | 10.7668 | 10.8038 |
| Camarilla | 10.6251 | 10.6338 | 10.6425 | 10.6512 | 10.6599 | 10.6686 | 10.6773 |
| Woodie | 10.5090 | 10.5720 | 10.6038 | 10.6668 | 10.6986 | 10.7616 | 10.7934 |
| Fibonacci | 10.5772 | 10.6134 | 10.6358 | 10.6720 | 10.7082 | 10.7306 | 10.7668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5277 | 10.6515 | 10.7249 | 10.8487 | 10.9221 | 11.0459 | 11.1193 |
| Camarilla | 10.7440 | 10.7621 | 10.7801 | 10.7982 | 10.8163 | 10.8344 | 10.8524 |
| Woodie | 10.5024 | 10.6389 | 10.6996 | 10.8361 | 10.8968 | 11.0333 | 11.0940 |
| Fibonacci | 10.6515 | 10.7269 | 10.7734 | 10.8487 | 10.9241 | 10.9706 | 11.0459 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8573 | 10.3163 | 10.5573 | 11.0163 | 11.2573 | 11.7163 | 11.9573 |
| Camarilla | 10.6057 | 10.6699 | 10.7340 | 10.7982 | 10.8624 | 10.9265 | 10.9907 |
| Woodie | 9.7482 | 10.2618 | 10.4482 | 10.9618 | 11.1482 | 11.6618 | 11.8482 |
| Fibonacci | 10.3163 | 10.5837 | 10.7489 | 11.0163 | 11.2837 | 11.4489 | 11.7163 |
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): | 38.67 | |
| MACD (12,26,9): | -0.0180 | |
| Directional Movement: | -17.6557 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 10.6333 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.6464 | |
| Elder Ray (13): | -0.0141 | |
| Super Trend (3,10): | 10.6868 | |
| Zig ZAG (10): | 10.6377 | |
| VORTEX (21): | 0.9557 | |
| Stochastique (14,3,5): | 44.80 | |
| TEMA (21): | 10.6342 | |
| Williams %R (14): | -58.84 | |
| Chande Momentum Oscillator (20): | -0.0453 | |
| Repulse (5,40,3): | -0.0151 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0249 | |
| Courbe Coppock: | 0.64 |
| MA7: | 10.7664 | |
| MA20: | 10.9088 | |
| MA50: | 11.1676 | |
| MA100: | 10.8419 | |
| MAexp7: | 10.6452 | |
| MAexp20: | 10.6582 | |
| MAexp50: | 10.6960 | |
| MAexp100: | 10.7437 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -2.60% | |
| Price / MA50: | -4.86% | |
| Price / MA100: | -2.00% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -1.11% |
Quotes :
2020-06-03 06:43:12
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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