GBP/NOK

- NOK (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	GBPNOK
ISIN:

GBP/NOK - Daily - Technical analysis published on 12/16/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

44%

28%

My opinion

Bearish under 11.8790 NOK

My targets

11.5538 NOK (-0.1768)

11.2230 NOK (-0.5076)

My analysis

GBP/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.8790 NOK. The next support located at 11.5538 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.2230 NOK. Below this support, sellers could then target 10.6151 NOK.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.1

Comment on the analysis

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 11.7306 NOK. The price has increased by +0.05% since the last closing and was between 11.7031 NOK and 11.7653 NOK. This implies that the price is at +0.23% from its lowest and at -0.29% from its highest.

11.7031

11.7653

11.7306

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GBP/NOK:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/NOK in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.6151	11.2230	11.5538	11.7306	11.8790	12.2535	12.7807
Change (%)	-9.51%	-4.33%	-1.51%	-	+1.27%	+4.46%	+8.95%
Change	-1.1155	-0.5076	-0.1768	-	+0.1484	+0.5229	+1.0501
Level	Major	Intermediate	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.5072	11.5600	11.6425	11.6953	11.7778	11.8306	11.9131
Camarilla	11.6878	11.7002	11.7126	11.7250	11.7374	11.7498	11.7622
Woodie	11.5221	11.5674	11.6574	11.7027	11.7927	11.8380	11.9280
Fibonacci	11.5600	11.6117	11.6436	11.6953	11.7470	11.7789	11.8306

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.2809	11.4339	11.5454	11.6984	11.8099	11.9629	12.0744
Camarilla	11.5843	11.6085	11.6328	11.6570	11.6813	11.7055	11.7297
Woodie	11.2603	11.4235	11.5248	11.6880	11.7893	11.9525	12.0538
Fibonacci	11.4339	11.5349	11.5973	11.6984	11.7994	11.8618	11.9629

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.8408	11.2744	11.5608	11.9944	12.2808	12.7144	13.0008
Camarilla	11.6491	11.7151	11.7811	11.8471	11.9131	11.9791	12.0451
Woodie	10.7671	11.2376	11.4871	11.9576	12.2071	12.6776	12.9271
Fibonacci	11.2744	11.5495	11.7194	11.9944	12.2695	12.4394	12.7144

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.84
MACD (12,26,9):	-0.0776
Directional Movement:	-6.3060
AROON (14):	-78.5714
DEMA (21):	11.6925
Parabolic SAR (0,02-0,02-0,2):	11.8296
Elder Ray (13):	-0.0170
Super Trend (3,10):	12.0849
Zig ZAG (10):	11.7408
VORTEX (21):	0.9141
Stochastique (14,3,5):	37.24
TEMA (21):	11.6478
Williams %R (14):	-47.19
Chande Momentum Oscillator (20):	-0.1067
Repulse (5,40,3):	0.2896
ROCnROLL:	2
TRIX (15,9):	-0.0983
Courbe Coppock:	3.10

MA7:	11.7032
MA20:	11.7980
MA50:	11.9587
MA100:	11.8920
MAexp7:	11.7123
MAexp20:	11.7938
MAexp50:	11.8834
MAexp100:	11.9246
Price / MA7:	+0.23%
Price / MA20:	-0.57%
Price / MA50:	-1.91%
Price / MA100:	-1.36%
Price / MAexp7:	+0.16%
Price / MAexp20:	-0.53%
Price / MAexp50:	-1.28%
Price / MAexp100:	-1.62%

Quotes : 2020-12-16 08:13:37 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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