EUR/NOK - 1H - Technical analysis published on 01/21/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 9.9130 NOK
My targets
9.9998 NOK (+0.0758)
10.0590 NOK (+0.1350)
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 9.9130 NOK. The next resistance located at 9.9998 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 10.0590 NOK. After this resistance, buyers could then target 10.1807 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
8.2
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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 9.9240 NOK. On the day, this instrument gained +0.15% with the lowest point at 9.9066 NOK and the highest point at 9.9357 NOK. The deviation from the price is +0.18% for the low point and -0.12% for the high point.9.9066
9.9357
9.9240
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/NOK in 1H shows a strongly overall bullish trend. 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.
An assessment of technical indicators shows a strong bullish signal.
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
RSI indicator: bearish divergence
Type : Bearish
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 9.8903 | 9.9043 | 9.9130 | 9.9240 | 9.9998 | 10.0590 | 10.1807 |
| Change (%) | -0.34% | -0.20% | -0.11% | - | +0.76% | +1.36% | +2.59% |
| Change | -0.0337 | -0.0197 | -0.0110 | - | +0.0758 | +0.1350 | +0.2567 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8363 | 9.8517 | 9.8802 | 9.8956 | 9.9241 | 9.9395 | 9.9680 |
| Camarilla | 9.8967 | 9.9008 | 9.9048 | 9.9088 | 9.9128 | 9.9169 | 9.9209 |
| Woodie | 9.8430 | 9.8550 | 9.8869 | 9.8989 | 9.9308 | 9.9428 | 9.9747 |
| Fibonacci | 9.8517 | 9.8684 | 9.8788 | 9.8956 | 9.9123 | 9.9227 | 9.9395 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.8099 | 9.8371 | 9.8593 | 9.8865 | 9.9087 | 9.9359 | 9.9581 |
| Camarilla | 9.8680 | 9.8725 | 9.8771 | 9.8816 | 9.8861 | 9.8907 | 9.8952 |
| Woodie | 9.8075 | 9.8359 | 9.8569 | 9.8853 | 9.9063 | 9.9347 | 9.9557 |
| Fibonacci | 9.8371 | 9.8559 | 9.8676 | 9.8865 | 9.9053 | 9.9170 | 9.9359 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.3324 | 9.5821 | 9.7136 | 9.9633 | 10.0948 | 10.3445 | 10.4760 |
| Camarilla | 9.7402 | 9.7751 | 9.8101 | 9.8450 | 9.8799 | 9.9149 | 9.9498 |
| Woodie | 9.2732 | 9.5526 | 9.6544 | 9.9338 | 10.0356 | 10.3150 | 10.4168 |
| Fibonacci | 9.5821 | 9.7278 | 9.8177 | 9.9633 | 10.1090 | 10.1989 | 10.3445 |
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): | 74.59 | |
| MACD (12,26,9): | 0.0112 | |
| Directional Movement: | 27.5340 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 9.9250 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.9175 | |
| Elder Ray (13): | 0.0134 | |
| Super Trend (3,10): | 9.9088 | |
| Zig ZAG (10): | 9.9255 | |
| VORTEX (21): | 1.2711 | |
| Stochastique (14,3,5): | 87.95 | |
| TEMA (21): | 9.9317 | |
| Williams %R (14): | -26.58 | |
| Chande Momentum Oscillator (20): | 0.0255 | |
| Repulse (5,40,3): | -0.0335 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0133 | |
| Courbe Coppock: | 0.61 |
| MA7: | 9.8958 | |
| MA20: | 9.8725 | |
| MA50: | 10.0000 | |
| MA100: | 10.0202 | |
| MAexp7: | 9.9238 | |
| MAexp20: | 9.9120 | |
| MAexp50: | 9.8999 | |
| MAexp100: | 9.8933 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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