EUR/NOK
EUR NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURNOK
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EUR/NOK - 1H - Technical analysis published on 06/24/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 10.7564 NOK
My targets
10.8221 NOK (+0.0351)
10.8791 NOK (+0.0921)
My analysis
The bullish trend is currently very strong on EUR/NOK. As long as the price remains above the support at 10.7564 NOK, you could try to benefit from the boom. The first bullish objective is located at 10.8221 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.8791 NOK as an objective. Crossing it would then enable buyers to target 10.9368 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
0
10
8.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/NOK price is 10.7870 NOK. The price registered an increase of +0.18% on the session and was traded between 10.7293 NOK and 10.8323 NOK over the period. The price is currently at +0.54% from its lowest and -0.42% from its highest.

10.7293
10.8323
10.7870

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.6828 10.7151 10.7564 10.7870 10.8221 10.8791 10.9368
Change (%) -0.97% -0.67% -0.28% - +0.33% +0.85% +1.39%
Change -0.1042 -0.0719 -0.0306 - +0.0351 +0.0921 +0.1498
Level Intermediate Minor Minor - Intermediate Major 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
Standard10.521810.618510.692910.789610.864010.960711.0351
Camarilla10.720410.736010.751710.767410.783110.798810.8145
Woodie10.510810.612910.681910.784010.853010.955111.0241
Fibonacci10.618510.683810.724210.789610.854910.895310.9607


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.202210.414210.596410.808410.990611.202611.3848
Camarilla10.670310.706410.742610.778710.814810.851010.8871
Woodie10.187410.406810.581610.801010.975811.195211.3700
Fibonacci10.414210.564810.657810.808410.959011.052011.2026


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.857310.316310.557311.016311.257311.716311.9573
Camarilla10.605710.669910.734010.798210.862410.926510.9907
Woodie9.748210.261810.448210.961811.148211.661811.8482
Fibonacci10.316310.583710.748911.016311.283711.448911.7163

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): 58.83
MACD (12,26,9): 0.0061
Directional Movement: 10.9885
AROON (14): 21.4286
DEMA (21): 10.7755
Parabolic SAR (0,02-0,02-0,2): 10.7444
Elder Ray (13): 0.0148
Super Trend (3,10): 10.8055
Zig ZAG (10): 10.7934
VORTEX (21): 1.1249
Stochastique (14,3,5): 63.07
TEMA (21): 10.7849
Williams %R (14): -35.92
Chande Momentum Oscillator (20): 0.0279
Repulse (5,40,3): 0.0294
ROCnROLL: 1
TRIX (15,9): -0.0023
Courbe Coppock: 0.46
MA7: 10.7572
MA20: 10.7061
MA50: 10.9703
MA100: 10.9400
MAexp7: 10.7810
MAexp20: 10.7711
MAexp50: 10.7688
MAexp100: 10.7630
Price / MA7: +0.28%
Price / MA20: +0.76%
Price / MA50: -1.67%
Price / MA100: -1.40%
Price / MAexp7: +0.06%
Price / MAexp20: +0.15%
Price / MAexp50: +0.17%
Price / MAexp100: +0.22%

Quotes : 2020-06-24 11:54:37 - Real time data - Forex

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

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