GBP/NOK - 1H - Technical analysis published on 05/26/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 12.1775 NOK
My targets
12.2974 NOK (+0.0406)
12.3797 NOK (+0.1229)
My analysis
The basic bullish trend is very strong on GBP/NOK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.1775 NOK. Crossing the first resistance at 12.2974 NOK would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 12.3797 NOK as an objective. Crossing it would then enable buyers to target 12.4773 NOK. Caution, a return to below 12.1775 NOK would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.6
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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
GBP/NOK rating 12.2568 NOK. The price has increased by -0.10% since the last closing and was traded between 12.2002 NOK and 12.2801 NOK over the period. The price is currently at +0.46% from its lowest and -0.19% from its highest.12.2002
12.2801
12.2568
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NOK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of GBP/NOK indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 12.0883 | 12.1775 | 12.2536 | 12.2568 | 12.2974 | 12.3797 | 12.4773 |
| Change (%) | -1.37% | -0.65% | -0.03% | - | +0.33% | +1.00% | +1.80% |
| Change | -0.1685 | -0.0793 | -0.0032 | - | +0.0406 | +0.1229 | +0.2205 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.1021 | 12.1373 | 12.2034 | 12.2386 | 12.3047 | 12.3399 | 12.4060 |
| Camarilla | 12.2417 | 12.2510 | 12.2603 | 12.2696 | 12.2789 | 12.2882 | 12.2975 |
| Woodie | 12.1177 | 12.1450 | 12.2190 | 12.2463 | 12.3203 | 12.3476 | 12.4216 |
| Fibonacci | 12.1373 | 12.1760 | 12.1999 | 12.2386 | 12.2773 | 12.3012 | 12.3399 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7422 | 11.9152 | 12.0409 | 12.2139 | 12.3396 | 12.5126 | 12.6383 |
| Camarilla | 12.0844 | 12.1117 | 12.1391 | 12.1665 | 12.1939 | 12.2213 | 12.2486 |
| Woodie | 11.7185 | 11.9034 | 12.0172 | 12.2021 | 12.3159 | 12.5008 | 12.6146 |
| Fibonacci | 11.9152 | 12.0293 | 12.0998 | 12.2139 | 12.3280 | 12.3985 | 12.5126 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.65 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 1.9801 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 12.2536 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.2015 | |
| Elder Ray (13): | 0.0091 | |
| Super Trend (3,10): | 12.2854 | |
| Zig ZAG (10): | 12.2583 | |
| VORTEX (21): | 1.0056 | |
| Stochastique (14,3,5): | 58.91 | |
| TEMA (21): | 12.2491 | |
| Williams %R (14): | -28.16 | |
| Chande Momentum Oscillator (20): | -0.0151 | |
| Repulse (5,40,3): | 0.1148 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0103 | |
| Courbe Coppock: | 0.33 |
| MA7: | 12.2051 | |
| MA20: | 12.5043 | |
| MA50: | 12.7892 | |
| MA100: | 12.3913 | |
| MAexp7: | 12.2498 | |
| MAexp20: | 12.2467 | |
| MAexp50: | 12.2319 | |
| MAexp100: | 12.2300 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | -4.16% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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