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 06/24/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 11.9190 NOK
My targets
11.7511 NOK (-0.1313)
11.7315 NOK (-0.1509)
My analysis
The bearish trend is currently very strong for GBP/NOK. As long as the price remains below the resistance at 11.9190 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.7511 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.7315 NOK as an objective. Crossing it would then enable sellers to target 11.6998 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, 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
7.3

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 price is 11.8824 NOK. The price is lower by -0.35% since the last closing with the lowest point at 11.8703 NOK and the highest point at 11.9334 NOK. The deviation from the price is +0.10% for the low point and -0.43% for the high point.

11.8703
11.9334
11.8824

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of GBP/NOK indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.6998 11.7315 11.8706 11.8824 11.9190 11.9739 12.0382
Change (%) -1.54% -1.27% -0.10% - +0.31% +0.77% +1.31%
Change -0.1826 -0.1509 -0.0118 - +0.0366 +0.0915 +0.1558
Level Minor Major Intermediate - Intermediate 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
Standard11.792911.824511.874611.906211.956311.987912.0380
Camarilla11.902111.909611.917111.924611.932111.939611.9471
Woodie11.802111.829111.883811.910811.965511.992512.0472
Fibonacci11.824511.855711.875011.906211.937411.956711.9879


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.398211.536111.751111.889012.104012.241912.4569
Camarilla11.869011.901311.933711.966011.998412.030712.0631
Woodie11.436711.555411.789611.908312.142512.261212.4954
Fibonacci11.536111.670911.754211.889012.023812.107112.2419


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.095811.276311.549211.729712.002612.183112.4560
Camarilla11.697411.739011.780511.822111.863711.905211.9468
Woodie11.142011.299411.595411.752812.048812.206212.5022
Fibonacci11.276311.449511.556511.729711.902912.009912.1831

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): 34.62
MACD (12,26,9): -0.0026
Directional Movement: -10.3879
AROON (14): -35.7143
DEMA (21): 11.9076
Parabolic SAR (0,02-0,02-0,2): 11.9326
Elder Ray (13): -0.0225
Super Trend (3,10): 11.9483
Zig ZAG (10): 11.8796
VORTEX (21): 0.9941
Stochastique (14,3,5): 38.66
TEMA (21): 11.9098
Williams %R (14): -84.58
Chande Momentum Oscillator (20): -0.0178
Repulse (5,40,3): -0.2089
ROCnROLL: 2
TRIX (15,9): 0.0002
Courbe Coppock: 0.19
MA7: 11.9157
MA20: 11.8122
MA50: 11.7055
MA100: 11.7418
MAexp7: 11.9091
MAexp20: 11.9098
MAexp50: 11.9159
MAexp100: 11.9106
Price / MA7: -0.28%
Price / MA20: +0.59%
Price / MA50: +1.51%
Price / MA100: +1.20%
Price / MAexp7: -0.23%
Price / MAexp20: -0.23%
Price / MAexp50: -0.28%
Price / MAexp100: -0.24%

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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