GBP/NOK
GBP NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNOK
ISIN:

GBP/NOK - 1H - Technical analysis published on 04/13/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11.6497 NOK
My targets
11.7316 NOK (+0.0600)
11.7556 NOK (+0.0840)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GBP/NOK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11.6497 NOK. The buyers” bullish objective is set at 11.7316 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.7556 NOK. If there is any crossing, the next objective would be the resistance located at 11.8166 NOK. If there is a bearish break in the support located at 11.6497 NOK some indecision would arise.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/NOK rating is 11.6716 NOK. On the day, this instrument gained +0.05% with the lowest point at 11.6565 NOK and the highest point at 11.6780 NOK. The deviation from the price is +0.13% for the low point and -0.05% for the high point.

11.6565
11.6780
11.6716

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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 an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

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


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

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


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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 : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.5440 11.6130 11.6497 11.6716 11.7316 11.7556 11.8166
Change (%) -1.09% -0.50% -0.19% - +0.51% +0.72% +1.24%
Change -0.1276 -0.0586 -0.0219 - +0.0600 +0.0840 +0.1450
Level Major Intermediate Minor - Major Minor 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
Standard11.546311.590011.627711.671411.709111.752811.7905
Camarilla11.642911.650411.657811.665311.672811.680211.6877
Woodie11.543211.588511.624611.669911.706011.751311.7874
Fibonacci11.590011.621111.640311.671411.702511.721711.7528


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.302111.454411.549611.701911.797111.949412.0446
Camarilla11.576711.599411.622111.644811.667511.690211.7129
Woodie11.273611.440111.521111.687611.768611.935112.0161
Fibonacci11.454411.549011.607411.701911.796511.854911.9494


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.205011.445511.613411.853912.021812.262312.4302
Camarilla11.668911.706311.743811.781211.818611.856111.8935
Woodie11.168611.427411.577011.835811.985412.244212.3938
Fibonacci11.445511.601511.697911.853912.009912.106312.2623

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): 52.83
MACD (12,26,9): 0.0004
Directional Movement: 4.8607
AROON (14): 64.2857
DEMA (21): 11.6685
Parabolic SAR (0,02-0,02-0,2): 11.6835
Elder Ray (13): 0.0045
Super Trend (3,10): 11.7186
Zig ZAG (10): 11.6738
VORTEX (21): 0.9188
Stochastique (14,3,5): 74.08
TEMA (21): 11.6676
Williams %R (14): -14.55
Chande Momentum Oscillator (20): 0.0141
Repulse (5,40,3): 0.0988
ROCnROLL: 1
TRIX (15,9): -0.0001
Courbe Coppock: 0.04
MA7: 11.6877
MA20: 11.7637
MA50: 11.7867
MA100: 11.7359
MAexp7: 11.6692
MAexp20: 11.6673
MAexp50: 11.6673
MAexp100: 11.6798
Price / MA7: -0.14%
Price / MA20: -0.78%
Price / MA50: -0.98%
Price / MA100: -0.55%
Price / MAexp7: +0.02%
Price / MAexp20: +0.04%
Price / MAexp50: +0.04%
Price / MAexp100: -0.07%

Quotes : - Real time data - Forex

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

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