GBP/NOK - 1H - Technical analysis published on 05/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 11.8363 NOK
My targets
11.7320 NOK (-0.0452)
11.6947 NOK (-0.0825)
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 11.8363 NOK. The next support located at 11.7320 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 11.6947 NOK. Below this support, sellers could then target 11.6176 NOK.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5
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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 price is 11.7772 NOK. The price is lower by -0.13% since the last closing and was traded between 11.7729 NOK and 11.8072 NOK over the period. The price is currently at +0.04% from its lowest and -0.25% from its highest.11.7729
11.8072
11.7772
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
A technical analysis in 1H of this GBP/NOK chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish 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, 10 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 11.6176 | 11.6947 | 11.7320 | 11.7772 | 11.7854 | 11.8363 | 11.8932 |
| Change (%) | -1.36% | -0.70% | -0.38% | - | +0.07% | +0.50% | +0.98% |
| Change | -0.1596 | -0.0825 | -0.0452 | - | +0.0082 | +0.0591 | +0.1160 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
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 | 11.6561 | 11.7207 | 11.7568 | 11.8214 | 11.8575 | 11.9221 | 11.9582 |
| Camarilla | 11.7651 | 11.7743 | 11.7836 | 11.7928 | 11.8020 | 11.8113 | 11.8205 |
| Woodie | 11.6418 | 11.7136 | 11.7425 | 11.8143 | 11.8432 | 11.9150 | 11.9439 |
| Fibonacci | 11.7207 | 11.7592 | 11.7830 | 11.8214 | 11.8599 | 11.8837 | 11.9221 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3455 | 11.4665 | 11.6681 | 11.7891 | 11.9907 | 12.1117 | 12.3133 |
| Camarilla | 11.7809 | 11.8105 | 11.8400 | 11.8696 | 11.8992 | 11.9287 | 11.9583 |
| Woodie | 11.3857 | 11.4867 | 11.7083 | 11.8093 | 12.0309 | 12.1319 | 12.3535 |
| Fibonacci | 11.4665 | 11.5898 | 11.6659 | 11.7891 | 11.9124 | 11.9885 | 12.1117 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8260 | 11.1037 | 11.2988 | 11.5765 | 11.7716 | 12.0493 | 12.2444 |
| Camarilla | 11.3639 | 11.4072 | 11.4506 | 11.4939 | 11.5372 | 11.5806 | 11.6239 |
| Woodie | 10.7847 | 11.0831 | 11.2575 | 11.5559 | 11.7303 | 12.0287 | 12.2031 |
| Fibonacci | 11.1037 | 11.2843 | 11.3959 | 11.5765 | 11.7571 | 11.8687 | 12.0493 |
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): | 37.86 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | -8.9666 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 11.7933 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8109 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 11.8393 | |
| Zig ZAG (10): | 11.7953 | |
| VORTEX (21): | 1.0064 | |
| Stochastique (14,3,5): | 24.30 | |
| TEMA (21): | 11.7867 | |
| Williams %R (14): | -74.43 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0879 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0118 | |
| Courbe Coppock: | 0.27 |
| MA7: | 11.7640 | |
| MA20: | 11.6404 | |
| MA50: | 11.6750 | |
| MA100: | 11.7034 | |
| MAexp7: | 11.7945 | |
| MAexp20: | 11.8012 | |
| MAexp50: | 11.8055 | |
| MAexp100: | 11.7849 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +0.63% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
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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