GBP/NOK - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
39%
28%
33%
My opinion
Neutral between 12.6290 NOK and 12.7120 NOK
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 12.7120 NOK. The first support is located at 12.6290 NOK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/NOK.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/NOK rating 12.6743 NOK. The price registered a decrease of -0.01% on the session with the lowest point at 12.5603 NOK and the highest point at 12.7260 NOK. The deviation from the price is +0.91% for the low point and -0.41% for the high point.12.5603
12.7260
12.6743
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 (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GBP/NOK in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
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 | 12.1803 | 12.5641 | 12.6290 | 12.6743 | 12.7120 | 12.7807 | 12.9730 |
| Change (%) | -3.90% | -0.87% | -0.36% | - | +0.30% | +0.84% | +2.36% |
| Change | -0.4940 | -0.1102 | -0.0453 | - | +0.0377 | +0.1064 | +0.2987 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 12.5374 | 12.5827 | 12.6288 | 12.6741 | 12.7202 | 12.7655 | 12.8116 |
| Camarilla | 12.6499 | 12.6582 | 12.6666 | 12.6750 | 12.6834 | 12.6918 | 12.7001 |
| Woodie | 12.5379 | 12.5829 | 12.6293 | 12.6743 | 12.7207 | 12.7657 | 12.8121 |
| Fibonacci | 12.5827 | 12.6176 | 12.6392 | 12.6741 | 12.7090 | 12.7306 | 12.7655 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.9914 | 12.2777 | 12.4764 | 12.7627 | 12.9614 | 13.2477 | 13.4464 |
| Camarilla | 12.5416 | 12.5861 | 12.6305 | 12.6750 | 12.7195 | 12.7639 | 12.8084 |
| Woodie | 11.9475 | 12.2558 | 12.4325 | 12.7408 | 12.9175 | 13.2258 | 13.4025 |
| Fibonacci | 12.2777 | 12.4630 | 12.5775 | 12.7627 | 12.9480 | 13.0625 | 13.2477 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6946 | 12.1032 | 12.5037 | 12.9123 | 13.3128 | 13.7214 | 14.1219 |
| Camarilla | 12.6817 | 12.7559 | 12.8300 | 12.9042 | 12.9784 | 13.0525 | 13.1267 |
| Woodie | 11.6906 | 12.1012 | 12.4997 | 12.9103 | 13.3088 | 13.7194 | 14.1179 |
| Fibonacci | 12.1032 | 12.4123 | 12.6032 | 12.9123 | 13.2214 | 13.4123 | 13.7214 |
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): | 50.84 | |
| MACD (12,26,9): | -0.0154 | |
| Directional Movement: | 3.6569 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 12.6218 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.6652 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 12.6826 | |
| Zig ZAG (10): | 12.6543 | |
| VORTEX (21): | 0.9327 | |
| Stochastique (14,3,5): | 35.64 | |
| TEMA (21): | 12.6130 | |
| Williams %R (14): | -37.73 | |
| Chande Momentum Oscillator (20): | -0.0303 | |
| Repulse (5,40,3): | 0.5097 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0111 | |
| Courbe Coppock: | 1.05 |
| MA7: | 12.7423 | |
| MA20: | 12.9283 | |
| MA50: | 12.7988 | |
| MA100: | 12.3129 | |
| MAexp7: | 12.6351 | |
| MAexp20: | 12.6371 | |
| MAexp50: | 12.6580 | |
| MAexp100: | 12.6990 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | +2.94% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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