EUR/NOK - Daily - Technical analysis published on 07/10/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 10.8895 NOK
My targets
10.4492 NOK (-0.2455)
9.9924 NOK (-0.7023)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/NOK. As long as you are under the resistance located at 10.8895 NOK, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 10.4492 NOK would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 9.9924 NOK as an objective. Crossing it would then enable sellers to target 9.4162 NOK. If the resistance 10.8895 NOK were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 10.6947 NOK. On the day, this instrument gained +0.08% with the lowest point at 10.6821 NOK and the highest point at 10.7528 NOK. The deviation from the price is +0.12% for the low point and -0.54% for the high point.10.6821
10.7528
10.6947
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/NOK in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 9.4162 | 9.9924 | 10.4492 | 10.6947 | 10.8895 | 11.1161 | 11.6614 |
| Change (%) | -11.95% | -6.57% | -2.30% | - | +1.82% | +3.94% | +9.04% |
| Change | -1.2785 | -0.7023 | -0.2455 | - | +0.1948 | +0.4214 | +0.9667 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 10.5252 | 10.5661 | 10.6262 | 10.6671 | 10.7272 | 10.7681 | 10.8282 |
| Camarilla | 10.6584 | 10.6677 | 10.6769 | 10.6862 | 10.6955 | 10.7047 | 10.7140 |
| Woodie | 10.5347 | 10.5709 | 10.6357 | 10.6719 | 10.7367 | 10.7729 | 10.8377 |
| Fibonacci | 10.5661 | 10.6047 | 10.6286 | 10.6671 | 10.7057 | 10.7296 | 10.7681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8923 | 8.9821 | 9.1566 | 9.2464 | 9.4209 | 9.5107 | 9.6852 |
| Camarilla | 9.2583 | 9.2825 | 9.3068 | 9.3310 | 9.3552 | 9.3795 | 9.4037 |
| Woodie | 8.9346 | 9.0033 | 9.1989 | 9.2676 | 9.4632 | 9.5319 | 9.7275 |
| Fibonacci | 8.9821 | 9.0831 | 9.1455 | 9.2464 | 9.3474 | 9.4098 | 9.5107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8927 | 10.1598 | 10.4862 | 10.7533 | 11.0797 | 11.3468 | 11.6732 |
| Camarilla | 10.6495 | 10.7039 | 10.7583 | 10.8127 | 10.8671 | 10.9215 | 10.9759 |
| Woodie | 9.9225 | 10.1746 | 10.5160 | 10.7681 | 11.1095 | 11.3616 | 11.7030 |
| Fibonacci | 10.1598 | 10.3865 | 10.5266 | 10.7533 | 10.9800 | 11.1201 | 11.3468 |
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): | 50.22 | |
| MACD (12,26,9): | -0.0776 | |
| Directional Movement: | 2.4232 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 10.5497 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.6063 | |
| Elder Ray (13): | 0.1071 | |
| Super Trend (3,10): | 9.9014 | |
| Zig ZAG (10): | 10.6959 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 79.31 | |
| TEMA (21): | 10.5394 | |
| Williams %R (14): | -18.67 | |
| Chande Momentum Oscillator (20): | -0.1368 | |
| Repulse (5,40,3): | -0.1754 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0868 | |
| Courbe Coppock: | 4.62 |
| MA7: | 10.5121 | |
| MA20: | 10.6904 | |
| MA50: | 10.7876 | |
| MA100: | 11.0147 | |
| MAexp7: | 10.5734 | |
| MAexp20: | 10.6508 | |
| MAexp50: | 10.7750 | |
| MAexp100: | 10.7773 | |
| Price / MA7: | +1.74% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -2.91% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.77% |
Quotes :
2020-07-10 11:31:43
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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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