EUR/NOK - 1H - Technical analysis published on 05/13/2025 (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 : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 11.6344 NOK
My targets
11.5337 NOK (-0.0593)
11.4244 NOK (-0.1686)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.6344 NOK remains possible. It is advisable to trade EUR/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.6344 NOK. The next bearish objective for sellers is set at 11.5337 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.4244 NOK. In case of crossing, the next objective would be the support located at 11.2975 NOK. PS: if there is a bullish break in the resistance located at 11.6344 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
The EUR/NOK price is 11.5930 NOK. The price has increased by +0.01% since the last closing with the lowest point at 11.5474 NOK and the highest point at 11.6018 NOK. The deviation from the price is +0.39% for the low point and -0.08% for the high point.11.5474
11.6018
11.5930
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/NOK indicates that the overall trend is bearish. 75.00% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 1 (Daily)
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1 (Weekly)
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1 (Monthly)
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.2975 | 11.5337 | 11.5821 | 11.5930 | 11.6344 | 11.6990 | 11.7419 |
| Change (%) | -2.55% | -0.51% | -0.09% | - | +0.36% | +0.91% | +1.28% |
| Change | -0.2955 | -0.0593 | -0.0109 | - | +0.0414 | +0.1060 | +0.1489 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Intermediate |
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 | 11.4567 | 11.5160 | 11.5542 | 11.6135 | 11.6517 | 11.7110 | 11.7492 |
| Camarilla | 11.5655 | 11.5744 | 11.5834 | 11.5923 | 11.6012 | 11.6102 | 11.6191 |
| Woodie | 11.4461 | 11.5107 | 11.5436 | 11.6082 | 11.6411 | 11.7057 | 11.7386 |
| Fibonacci | 11.5160 | 11.5533 | 11.5763 | 11.6135 | 11.6508 | 11.6738 | 11.7110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4244 | 11.5288 | 11.6010 | 11.7054 | 11.7776 | 11.8820 | 11.9542 |
| Camarilla | 11.6246 | 11.6408 | 11.6570 | 11.6732 | 11.6894 | 11.7056 | 11.7218 |
| Woodie | 11.4083 | 11.5208 | 11.5849 | 11.6974 | 11.7615 | 11.8740 | 11.9381 |
| Fibonacci | 11.5288 | 11.5963 | 11.6379 | 11.7054 | 11.7729 | 11.8145 | 11.8820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3236 | 10.7921 | 11.2865 | 11.7550 | 12.2494 | 12.7179 | 13.2123 |
| Camarilla | 11.5162 | 11.6045 | 11.6927 | 11.7810 | 11.8693 | 11.9575 | 12.0458 |
| Woodie | 10.3367 | 10.7986 | 11.2996 | 11.7615 | 12.2625 | 12.7244 | 13.2254 |
| Fibonacci | 10.7921 | 11.1599 | 11.3871 | 11.7550 | 12.1228 | 12.3500 | 12.7179 |
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): | 50.68 | |
| MACD (12,26,9): | -0.0054 | |
| Directional Movement: | -2.1116 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 11.5737 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5539 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 11.6156 | |
| Zig ZAG (10): | 11.5875 | |
| VORTEX (21): | 0.9610 | |
| Stochastique (14,3,5): | 72.74 | |
| TEMA (21): | 11.5798 | |
| Williams %R (14): | -22.67 | |
| Chande Momentum Oscillator (20): | 0.0314 | |
| Repulse (5,40,3): | 0.0881 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.07 |
| MA7: | 11.6707 | |
| MA20: | 11.7992 | |
| MA50: | 11.6946 | |
| MA100: | 11.7065 | |
| MAexp7: | 11.5819 | |
| MAexp20: | 11.5831 | |
| MAexp50: | 11.6037 | |
| MAexp100: | 11.6367 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -1.75% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.38% |
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.
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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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