EUR/NOK - 1H - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 10.1262 NOK
My targets
10.1968 NOK (+0.0333)
10.2956 NOK (+0.1321)
My analysis
EUR/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.1262 NOK. The next resistance located at 10.1968 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.2956 NOK. After this resistance, buyers could then target 10.3951 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/NOK price is 10.1635 NOK. On the day, this instrument gained +0.91% and was traded between 10.0667 NOK and 10.1679 NOK over the period. The price is currently at +0.96% from its lowest and -0.04% from its highest.10.0667
10.1679
10.1635
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 strongly bullish. 92.86% 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 10.0565 | 10.0980 | 10.1262 | 10.1635 | 10.1968 | 10.3951 | 10.5068 |
| Change (%) | -1.05% | -0.64% | -0.37% | - | +0.33% | +2.28% | +3.38% |
| Change | -0.1070 | -0.0655 | -0.0373 | - | +0.0333 | +0.2316 | +0.3433 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | 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 | 9.9698 | 10.0118 | 10.0421 | 10.0841 | 10.1144 | 10.1564 | 10.1867 |
| Camarilla | 10.0524 | 10.0591 | 10.0657 | 10.0723 | 10.0789 | 10.0856 | 10.0922 |
| Woodie | 9.9639 | 10.0089 | 10.0362 | 10.0812 | 10.1085 | 10.1535 | 10.1808 |
| Fibonacci | 10.0118 | 10.0395 | 10.0565 | 10.0841 | 10.1118 | 10.1288 | 10.1564 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.6416 | 9.7486 | 9.8596 | 9.9666 | 10.0776 | 10.1846 | 10.2956 |
| Camarilla | 9.9108 | 9.9307 | 9.9507 | 9.9707 | 9.9907 | 10.0107 | 10.0307 |
| Woodie | 9.6437 | 9.7496 | 9.8617 | 9.9676 | 10.0797 | 10.1856 | 10.2977 |
| Fibonacci | 9.7486 | 9.8318 | 9.8833 | 9.9666 | 10.0498 | 10.1013 | 10.1846 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2118 | 9.4094 | 9.7018 | 9.8994 | 10.1918 | 10.3894 | 10.6818 |
| Camarilla | 9.8596 | 9.9045 | 9.9494 | 9.9943 | 10.0392 | 10.0841 | 10.1291 |
| Woodie | 9.2593 | 9.4331 | 9.7493 | 9.9231 | 10.2393 | 10.4131 | 10.7293 |
| Fibonacci | 9.4094 | 9.5966 | 9.7122 | 9.8994 | 10.0866 | 10.2022 | 10.3894 |
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): | 78.50 | |
| MACD (12,26,9): | 0.0193 | |
| Directional Movement: | 21.4618 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 10.1315 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0982 | |
| Elder Ray (13): | 0.0325 | |
| Super Trend (3,10): | 10.0931 | |
| Zig ZAG (10): | 10.1593 | |
| VORTEX (21): | 1.2213 | |
| Stochastique (14,3,5): | 89.73 | |
| TEMA (21): | 10.1421 | |
| Williams %R (14): | -8.62 | |
| Chande Momentum Oscillator (20): | 0.0821 | |
| Repulse (5,40,3): | 0.2886 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0145 | |
| Courbe Coppock: | 1.17 |
| MA7: | 10.0440 | |
| MA20: | 9.9017 | |
| MA50: | 9.9730 | |
| MA100: | 10.1017 | |
| MAexp7: | 10.1366 | |
| MAexp20: | 10.1096 | |
| MAexp50: | 10.0829 | |
| MAexp100: | 10.0534 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +1.91% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.09% |
Quotes :
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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.
About author
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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…
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