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 01/14/2022 (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 bullish
Underlying: Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 11.9457 NOK
My targets
11.9780 NOK (+0.0155)
12.0135 NOK (+0.0510)
My analysis
GBP/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.9457 NOK. The next resistance located at 11.9780 NOK is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.0135 NOK. After this resistance, buyers could then target 12.0369 NOK.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

The GBP/NOK price is 11.9625 NOK. The price has increased by +0.19% since the last closing and was traded between 11.8945 NOK and 11.9768 NOK over the period. The price is currently at +0.57% from its lowest and -0.12% from its highest.

11.8945
11.9768
11.9625

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


Technical analysis of GBP/NOK in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

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 this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.8790 11.9060 11.9457 11.9625 11.9780 12.0135 12.0369
Change (%) -0.70% -0.47% -0.14% - +0.13% +0.43% +0.62%
Change -0.0835 -0.0565 -0.0168 - +0.0155 +0.0510 +0.0744
Level Major Intermediate Minor - Intermediate Intermediate Minor



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
Standard11.737111.796511.867911.927311.998712.058112.1295
Camarilla11.903411.915411.927411.939411.951411.963411.9754
Woodie11.743211.799511.874011.930312.004812.061112.1356
Fibonacci11.796511.846411.877311.927311.977212.008112.0581


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.718011.797111.903611.982712.089212.168312.2748
Camarilla11.959211.976211.993212.010212.027212.044212.0612
Woodie11.731811.804011.917411.989612.103012.175212.2886
Fibonacci11.797111.868011.911811.982712.053612.097412.1683


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.200311.450011.685511.935212.170712.420412.6559
Camarilla11.787511.832011.876411.920911.965412.009912.0543
Woodie11.193111.446511.678311.931712.163512.416912.6487
Fibonacci11.450011.635411.749911.935212.120612.235112.4204

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): 61.33
MACD (12,26,9): 0.0101
Directional Movement: 7.3881
AROON (14): 64.2857
DEMA (21): 11.9463
Parabolic SAR (0,02-0,02-0,2): 11.9055
Elder Ray (13): 0.0216
Super Trend (3,10): 11.8882
Zig ZAG (10): 11.9642
VORTEX (21): 1.0715
Stochastique (14,3,5): 72.08
TEMA (21): 11.9535
Williams %R (14): -15.43
Chande Momentum Oscillator (20): 0.0436
Repulse (5,40,3): 0.2252
ROCnROLL: 1
TRIX (15,9): 0.0095
Courbe Coppock: 0.19
MA7: 11.9743
MA20: 11.9267
MA50: 11.9046
MA100: 11.8185
MAexp7: 11.9473
MAexp20: 11.9340
MAexp50: 11.9283
MAexp100: 11.9406
Price / MA7: -0.10%
Price / MA20: +0.30%
Price / MA50: +0.49%
Price / MA100: +1.22%
Price / MAexp7: +0.12%
Price / MAexp20: +0.23%
Price / MAexp50: +0.28%
Price / MAexp100: +0.18%

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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