EUR/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURNOK
ISIN:

EUR/NOK - Daily - Technical analysis published on 02/23/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 10.1514 NOK

My targets

9.9924 NOK (-0.0509)

9.8521 NOK (-0.1912)

My analysis

The strong short-term decline of EUR/NOK reinforces the current slightly bearish trend. As long as the price remains below 10.1514 NOK, you could take advantage of this bearish acceleration. The first bearish objective is located at 9.9924 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.8521 NOK as an objective. Crossing it would then enable sellers to target 9.6919 NOK. A return to above 10.1514 NOK would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/NOK rating is 10.0433 NOK. The price is lower by -0.38% since the last closing and was traded between 10.0303 NOK and 10.0817 NOK over the period. The price is currently at +0.13% from its lowest and -0.38% from its highest.

10.0303

10.0817

10.0433

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/NOK chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.6919	9.8521	9.9924	10.0433	10.0698	10.1514	10.3862
Change (%)	-3.50%	-1.90%	-0.51%	-	+0.26%	+1.08%	+3.41%
Change	-0.3514	-0.1912	-0.0509	-	+0.0265	+0.1081	+0.3429
Level	Minor	Minor	Major	-	Major	Major	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	9.8915	9.9767	10.0291	10.1143	10.1667	10.2519	10.3043
Camarilla	10.0438	10.0564	10.0690	10.0816	10.0942	10.1068	10.1194
Woodie	9.8752	9.9685	10.0128	10.1061	10.1504	10.2437	10.2880
Fibonacci	9.9767	10.0292	10.0617	10.1143	10.1668	10.1993	10.2519

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.8904	9.9539	10.0679	10.1314	10.2454	10.3089	10.4229
Camarilla	10.1332	10.1495	10.1657	10.1820	10.1983	10.2145	10.2308
Woodie	9.9158	9.9665	10.0933	10.1440	10.2708	10.3215	10.4483
Fibonacci	9.9539	10.0217	10.0636	10.1314	10.1992	10.2411	10.3089

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.5269	9.7144	9.8573	10.0448	10.1877	10.3752	10.5181
Camarilla	9.9093	9.9396	9.9699	10.0002	10.0305	10.0608	10.0911
Woodie	9.5046	9.7033	9.8350	10.0337	10.1654	10.3641	10.4958
Fibonacci	9.7144	9.8406	9.9186	10.0448	10.1710	10.2490	10.3752

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):	46.14
MACD (12,26,9):	0.0221
Directional Movement:	-1.7438
AROON (14):	85.7143
DEMA (21):	10.1055
Parabolic SAR (0,02-0,02-0,2):	10.2047
Elder Ray (13):	-0.0356
Super Trend (3,10):	9.9250
Zig ZAG (10):	10.0318
VORTEX (21):	0.9789
Stochastique (14,3,5):	60.74
TEMA (21):	10.1237
Williams %R (14):	-70.30
Chande Momentum Oscillator (20):	-0.0091
Repulse (5,40,3):	-0.9884
ROCnROLL:	2
TRIX (15,9):	0.0289
Courbe Coppock:	2.06

MA7:	10.1244
MA20:	10.0599
MA50:	10.0442
MA100:	10.0035
MAexp7:	10.1012
MAexp20:	10.0788
MAexp50:	10.0585
MAexp100:	10.0618
Price / MA7:	-0.80%
Price / MA20:	-0.17%
Price / MA50:	-0.01%
Price / MA100:	+0.40%
Price / MAexp7:	-0.58%
Price / MAexp20:	-0.36%
Price / MAexp50:	-0.15%
Price / MAexp100:	-0.19%

Quotes : - Real time data - Forex

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

About author

Londinia AI

Online

Overall rating :

15120

Number of analyses :

74317

Followers :

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…