GBP/NOK - 1H - Technical analysis published on 03/19/2021 (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:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 11.8025 NOK
My targets
11.8790 NOK (+0.0321)
11.9781 NOK (+0.1312)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/NOK as long as the price remains well above 11.8025 NOK. The buyers” bullish objective is set at 11.8790 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.9781 NOK. If there is any crossing, the next objective would be the resistance located at 12.0705 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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 GBP/NOK rating is 11.8469 NOK. The price is lower by -0.06% since the last closing and was between 11.8228 NOK and 11.8768 NOK. This implies that the price is at +0.20% from its lowest and at -0.25% from its highest.11.8228
11.8768
11.8469
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GBP/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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 | 11.7163 | 11.7494 | 11.8025 | 11.8469 | 11.8790 | 12.0705 | 12.2159 |
| Change (%) | -1.10% | -0.82% | -0.37% | - | +0.27% | +1.89% | +3.11% |
| Change | -0.1306 | -0.0975 | -0.0444 | - | +0.0321 | +0.2236 | +0.3690 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5825 | 11.6497 | 11.7516 | 11.8188 | 11.9207 | 11.9879 | 12.0898 |
| Camarilla | 11.8071 | 11.8226 | 11.8381 | 11.8536 | 11.8691 | 11.8846 | 11.9001 |
| Woodie | 11.6000 | 11.6584 | 11.7691 | 11.8275 | 11.9382 | 11.9966 | 12.1073 |
| Fibonacci | 11.6497 | 11.7143 | 11.7542 | 11.8188 | 11.8834 | 11.9233 | 11.9879 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4414 | 11.5641 | 11.6484 | 11.7711 | 11.8554 | 11.9781 | 12.0624 |
| Camarilla | 11.6758 | 11.6948 | 11.7137 | 11.7327 | 11.7517 | 11.7707 | 11.7896 |
| Woodie | 11.4222 | 11.5545 | 11.6292 | 11.7615 | 11.8362 | 11.9685 | 12.0432 |
| Fibonacci | 11.5641 | 11.6432 | 11.6920 | 11.7711 | 11.8502 | 11.8990 | 11.9781 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3233 | 11.4822 | 11.7763 | 11.9352 | 12.2293 | 12.3882 | 12.6823 |
| Camarilla | 11.9459 | 11.9875 | 12.0290 | 12.0705 | 12.1120 | 12.1536 | 12.1951 |
| Woodie | 11.3910 | 11.5160 | 11.8440 | 11.9690 | 12.2970 | 12.4220 | 12.7500 |
| Fibonacci | 11.4822 | 11.6552 | 11.7621 | 11.9352 | 12.1082 | 12.2151 | 12.3882 |
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): | 55.83 | |
| MACD (12,26,9): | 0.0174 | |
| Directional Movement: | 6.8822 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 11.8579 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8859 | |
| Elder Ray (13): | -0.0068 | |
| Super Trend (3,10): | 11.7813 | |
| Zig ZAG (10): | 11.8360 | |
| VORTEX (21): | 1.1199 | |
| Stochastique (14,3,5): | 57.54 | |
| TEMA (21): | 11.8626 | |
| Williams %R (14): | -51.29 | |
| Chande Momentum Oscillator (20): | -0.0265 | |
| Repulse (5,40,3): | -0.0925 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0253 | |
| Courbe Coppock: | 0.76 |
| MA7: | 11.7834 | |
| MA20: | 11.8444 | |
| MA50: | 11.7543 | |
| MA100: | 11.7908 | |
| MAexp7: | 11.8479 | |
| MAexp20: | 11.8332 | |
| MAexp50: | 11.8076 | |
| MAexp100: | 11.7919 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.46% |
Quotes :
2021-03-19 07:58:58
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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