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 09/30/2021 (GMT)

  • 134
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 11.7310 NOK
My targets
11.8264 NOK (+0.0447)
11.8715 NOK (+0.0898)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/NOK. As long as you are above the support located at 11.7310 NOK, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11.8264 NOK would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11.8715 NOK as an objective. Crossing it would then enable buyers to target 11.9319 NOK. If the support 11.7310 NOK were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1

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 11.7817 NOK. The price registered an increase of +0.04% on the session and was traded between 11.7644 NOK and 11.8718 NOK over the period. The price is currently at +0.15% from its lowest and -0.76% from its highest.

11.7644
11.8718
11.7817

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this GBP/NOK chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral 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 price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 11.5466 11.6764 11.7310 11.7817 11.8264 11.8715 11.9319
Change (%) -2.00% -0.89% -0.43% - +0.38% +0.76% +1.27%
Change -0.2351 -0.1053 -0.0507 - +0.0447 +0.0898 +0.1502
Level Minor Major Minor - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.638911.671811.724111.757011.809311.842211.8945
Camarilla11.753111.760911.768711.776511.784311.792111.7999
Woodie11.648711.676711.733911.761911.819111.847111.9043
Fibonacci11.671811.704311.724411.757011.789511.809611.8422


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.366711.549011.644611.826911.922512.104812.2004
Camarilla11.663711.689211.714611.740111.765611.791111.8165
Woodie11.323311.527311.601211.805211.879112.083112.1570
Fibonacci11.549011.655211.720811.826911.933111.998712.1048


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.211611.551611.751312.091312.291012.631012.8307
Camarilla11.802611.852111.901511.951012.000512.050012.0994
Woodie11.141511.516511.681212.056212.220912.595912.7606
Fibonacci11.551611.757811.885112.091312.297512.424812.6310

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): 54.77
MACD (12,26,9): 0.0159
Directional Movement: 6.0869
AROON (14): 21.4286
DEMA (21): 11.8180
Parabolic SAR (0,02-0,02-0,2): 11.7880
Elder Ray (13): -0.0049
Super Trend (3,10): 11.7809
Zig ZAG (10): 11.8053
VORTEX (21): 1.1001
Stochastique (14,3,5): 38.21
TEMA (21): 11.8252
Williams %R (14): -68.72
Chande Momentum Oscillator (20): 0.0128
Repulse (5,40,3): -0.3270
ROCnROLL: -1
TRIX (15,9): 0.0204
Courbe Coppock: 0.63
MA7: 11.7716
MA20: 11.8862
MA50: 12.0749
MA100: 11.9838
MAexp7: 11.8110
MAexp20: 11.7968
MAexp50: 11.7774
MAexp100: 11.7757
Price / MA7: +0.09%
Price / MA20: -0.88%
Price / MA50: -2.43%
Price / MA100: -1.69%
Price / MAexp7: -0.25%
Price / MAexp20: -0.13%
Price / MAexp50: +0.04%
Price / MAexp100: +0.05%

Quotes : - Real time data - Forex

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis GBP/NOK - 1H