EUR/NOK - 1H - Technical analysis published on 04/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 9.5532 NOK
My targets
9.6259 NOK (+0.0338)
9.6551 NOK (+0.0630)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/NOK. This is a positive signal for buyers. As long as the price remains above 9.5532 NOK, a purchase could be considered. The first bullish objective is located at 9.6259 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.6551 NOK as an objective. Crossing it would then enable buyers to target 9.7063 NOK. In the event of a return below 9.5532 NOK, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.4
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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
The EUR/NOK rating is 9.5921 NOK. On the day, this instrument lost -0.02% and was between 9.5725 NOK and 9.6128 NOK. This implies that the price is at +0.20% from its lowest and at -0.22% from its highest.9.5725
9.6128
9.5921
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 9.5008 | 9.5532 | 9.5862 | 9.5921 | 9.6259 | 9.6551 | 9.7063 |
| Change (%) | -0.95% | -0.41% | -0.06% | - | +0.35% | +0.66% | +1.19% |
| Change | -0.0913 | -0.0389 | -0.0059 | - | +0.0338 | +0.0630 | +0.1142 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.4621 | 9.4981 | 9.5462 | 9.5822 | 9.6303 | 9.6663 | 9.7144 |
| Camarilla | 9.5712 | 9.5789 | 9.5866 | 9.5943 | 9.6020 | 9.6097 | 9.6174 |
| Woodie | 9.4682 | 9.5011 | 9.5523 | 9.5852 | 9.6364 | 9.6693 | 9.7205 |
| Fibonacci | 9.4981 | 9.5302 | 9.5501 | 9.5822 | 9.6143 | 9.6342 | 9.6663 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1660 | 9.3069 | 9.4837 | 9.6246 | 9.8014 | 9.9423 | 10.1191 |
| Camarilla | 9.5732 | 9.6024 | 9.6315 | 9.6606 | 9.6897 | 9.7189 | 9.7480 |
| Woodie | 9.1841 | 9.3159 | 9.5018 | 9.6336 | 9.8195 | 9.9513 | 10.1372 |
| Fibonacci | 9.3069 | 9.4282 | 9.5032 | 9.6246 | 9.7459 | 9.8209 | 9.9423 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9193 | 9.1820 | 9.4553 | 9.7180 | 9.9913 | 10.2540 | 10.5273 |
| Camarilla | 9.5811 | 9.6302 | 9.6794 | 9.7285 | 9.7776 | 9.8268 | 9.8759 |
| Woodie | 8.9245 | 9.1847 | 9.4605 | 9.7207 | 9.9965 | 10.2567 | 10.5325 |
| Fibonacci | 9.1820 | 9.3868 | 9.5133 | 9.7180 | 9.9228 | 10.0493 | 10.2540 |
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): | 52.11 | |
| MACD (12,26,9): | 0.0086 | |
| Directional Movement: | 5.1472 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 9.6012 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.5543 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 9.5632 | |
| Zig ZAG (10): | 9.5905 | |
| VORTEX (21): | 1.1213 | |
| Stochastique (14,3,5): | 47.59 | |
| TEMA (21): | 9.6054 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0490 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.44 |
| MA7: | 9.6103 | |
| MA20: | 9.6557 | |
| MA50: | 9.8591 | |
| MA100: | 9.9725 | |
| MAexp7: | 9.5962 | |
| MAexp20: | 9.5891 | |
| MAexp50: | 9.5814 | |
| MAexp100: | 9.5872 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | -3.81% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.05% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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