EUR/NOK - 1H - Technical analysis published on 11/13/2019 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 10.1031 NOK
My targets
10.1331 NOK (+0.24%)
10.1497 NOK (+0.40%)
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 10.1031 NOK. The next resistance located at 10.1331 NOK is the next bullish target 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 10.1497 NOK. After this resistance, buyers could then target 10.1962 NOK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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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
EUR/NOK rating 10.1089 NOK. On the day, this instrument gained +0.17% and was traded between 10.0859 NOK and 10.1141 NOK over the period. The price is currently at +0.23% from its lowest and -0.05% from its highest.10.0859
10.1141
10.1089
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/NOK chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. 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 over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.9998 | 10.0585 | 10.1031 | 10.1089 | 10.1331 | 10.1497 | 10.1962 |
| Change (%) | -1.08% | -0.50% | -0.06% | - | +0.24% | +0.40% | +0.86% |
| Change | -0.1091 | -0.0504 | -0.0058 | - | +0.0242 | +0.0408 | +0.0873 |
| Level | Major | Major | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0249 | 10.0429 | 10.0672 | 10.0852 | 10.1095 | 10.1275 | 10.1518 |
| Camarilla | 10.0798 | 10.0836 | 10.0875 | 10.0914 | 10.0953 | 10.0992 | 10.1030 |
| Woodie | 10.0280 | 10.0445 | 10.0703 | 10.0868 | 10.1126 | 10.1291 | 10.1549 |
| Fibonacci | 10.0429 | 10.0591 | 10.0691 | 10.0852 | 10.1014 | 10.1114 | 10.1275 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8686 | 9.9608 | 10.0118 | 10.1040 | 10.1550 | 10.2472 | 10.2982 |
| Camarilla | 10.0234 | 10.0366 | 10.0497 | 10.0628 | 10.0759 | 10.0891 | 10.1022 |
| Woodie | 9.8480 | 9.9505 | 9.9912 | 10.0937 | 10.1344 | 10.2369 | 10.2776 |
| Fibonacci | 9.9608 | 10.0155 | 10.0493 | 10.1040 | 10.1587 | 10.1925 | 10.2472 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.5978 | 9.7525 | 10.0041 | 10.1588 | 10.4104 | 10.5651 | 10.8167 |
| Camarilla | 10.1440 | 10.1812 | 10.2185 | 10.2557 | 10.2929 | 10.3302 | 10.3674 |
| Woodie | 9.6463 | 9.7767 | 10.0526 | 10.1830 | 10.4589 | 10.5893 | 10.8652 |
| Fibonacci | 9.7525 | 9.9077 | 10.0036 | 10.1588 | 10.3140 | 10.4099 | 10.5651 |
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): | 66.09 | |
| MACD (12,26,9): | 0.0063 | |
| Directional Movement: | 21.3050 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 10.1004 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.0770 | |
| Elder Ray (13): | 0.0130 | |
| Super Trend (3,10): | 10.0846 | |
| Zig ZAG (10): | 10.1092 | |
| VORTEX (21): | 1.1442 | |
| Stochastique (14,3,5): | 94.62 | |
| TEMA (21): | 10.1018 | |
| Williams %R (14): | -2.31 | |
| Chande Momentum Oscillator (20): | 0.0231 | |
| Repulse (5,40,3): | 0.1871 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0044 | |
| Courbe Coppock: | 0.38 |
| MA7: | 10.1026 | |
| MA20: | 10.1664 | |
| MA50: | 10.0433 | |
| MA100: | 9.9329 | |
| MAexp7: | 10.0994 | |
| MAexp20: | 10.0932 | |
| MAexp50: | 10.0888 | |
| MAexp100: | 10.0971 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +1.77% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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