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 11/28/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

17%

56%

My opinion

Bullish above 10.1990 NOK

My targets

10.5049 NOK (+0.1451)

10.6694 NOK (+0.3096)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/NOK as long as the price remains well above 10.1990 NOK. The buyers' bullish objective is set at 10.5049 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.6694 NOK. If there is any crossing, the next objective would be the resistance located at 11.1458 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

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

Additional analysis

Quotes

The EUR/NOK rating is 10.3598 NOK. The price registered an increase of +0.87% on the session and was traded between 10.2589 NOK and 10.3871 NOK over the period. The price is currently at +0.98% from its lowest and -0.26% from its highest.

10.2589

10.3871

10.3598

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 HIGH record (1 year)

Type : Bullish

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

Technical analysis of EUR/NOK in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 5 are bullish, 10 are neutral and 3 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.8924	9.9924	10.1990	10.3598	10.3951	10.5049	10.6694
Change (%)	-4.51%	-3.55%	-1.55%	-	+0.34%	+1.40%	+2.99%
Change	-0.4674	-0.3674	-0.1608	-	+0.0353	+0.1451	+0.3096
Level	Minor	Major	Intermediate	-	Major	Intermediate	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	10.1580	10.2080	10.2395	10.2895	10.3210	10.3710	10.4025
Camarilla	10.2486	10.2561	10.2635	10.2710	10.2785	10.2859	10.2934
Woodie	10.1488	10.2034	10.2303	10.2849	10.3118	10.3664	10.3933
Fibonacci	10.2080	10.2391	10.2584	10.2895	10.3206	10.3399	10.3710

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.8757	10.0669	10.1689	10.3601	10.4621	10.6533	10.7553
Camarilla	10.1904	10.2173	10.2441	10.2710	10.2979	10.3248	10.3516
Woodie	9.8312	10.0446	10.1244	10.3378	10.4176	10.6310	10.7108
Fibonacci	10.0669	10.1789	10.2481	10.3601	10.4721	10.5413	10.6533

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.6221	9.9210	10.0959	10.3948	10.5697	10.8686	11.0435
Camarilla	10.1406	10.1840	10.2275	10.2709	10.3143	10.3578	10.4012
Woodie	9.5602	9.8900	10.0340	10.3638	10.5078	10.8376	10.9816
Fibonacci	9.9210	10.1020	10.2138	10.3948	10.5758	10.6876	10.8686

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):	50.94
MACD (12,26,9):	0.0121
Directional Movement:	2.7510
AROON (14):	42.8571
DEMA (21):	10.3771
Parabolic SAR (0,02-0,02-0,2):	10.5453
Elder Ray (13):	-0.0405
Super Trend (3,10):	10.1686
Zig ZAG (10):	10.3620
VORTEX (21):	1.0154
Stochastique (14,3,5):	31.28
TEMA (21):	10.3642
Williams %R (14):	-58.88
Chande Momentum Oscillator (20):	0.0641
Repulse (5,40,3):	0.0154
ROCnROLL:	-1
TRIX (15,9):	0.0226
Courbe Coppock:	1.91

MA7:	10.3913
MA20:	10.3438
MA50:	10.3639
MA100:	10.1681
MAexp7:	10.3585
MAexp20:	10.3589
MAexp50:	10.3111
MAexp100:	10.2378
Price / MA7:	-0.30%
Price / MA20:	+0.15%
Price / MA50:	-0.04%
Price / MA100:	+1.89%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.47%
Price / MAexp100:	+1.19%

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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Londinia AI

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