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!
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:
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.
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 11.6389 | 11.6718 | 11.7241 | 11.7570 | 11.8093 | 11.8422 | 11.8945 |
Camarilla | 11.7531 | 11.7609 | 11.7687 | 11.7765 | 11.7843 | 11.7921 | 11.7999 |
Woodie | 11.6487 | 11.6767 | 11.7339 | 11.7619 | 11.8191 | 11.8471 | 11.9043 |
Fibonacci | 11.6718 | 11.7043 | 11.7244 | 11.7570 | 11.7895 | 11.8096 | 11.8422 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.3667 | 11.5490 | 11.6446 | 11.8269 | 11.9225 | 12.1048 | 12.2004 |
Camarilla | 11.6637 | 11.6892 | 11.7146 | 11.7401 | 11.7656 | 11.7911 | 11.8165 |
Woodie | 11.3233 | 11.5273 | 11.6012 | 11.8052 | 11.8791 | 12.0831 | 12.1570 |
Fibonacci | 11.5490 | 11.6552 | 11.7208 | 11.8269 | 11.9331 | 11.9987 | 12.1048 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.2116 | 11.5516 | 11.7513 | 12.0913 | 12.2910 | 12.6310 | 12.8307 |
Camarilla | 11.8026 | 11.8521 | 11.9015 | 11.9510 | 12.0005 | 12.0500 | 12.0994 |
Woodie | 11.1415 | 11.5165 | 11.6812 | 12.0562 | 12.2209 | 12.5959 | 12.7606 |
Fibonacci | 11.5516 | 11.7578 | 11.8851 | 12.0913 | 12.2975 | 12.4248 | 12.6310 |
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
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
Comments
0 comments on the analysis GBP/NOK - 1H