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 04/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 13.5529 NOK

My targets

13.6317 NOK (+0.0462)

13.6688 NOK (+0.0833)

My analysis

The current short-term bullish acceleration on GBP/NOK should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 13.5529 NOK. Short-term buyers will use the resistance located at 13.6317 NOK as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 13.6688 NOK. Crossing this resistance would then open the door for buyers to target 13.7130 NOK. Caution, if there is a return to under 13.5529 NOK, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/NOK rating is 13.5855 NOK. On the day, this instrument gained +0.07% with the lowest point at 13.5752 NOK and the highest point at 13.5923 NOK. The deviation from the price is +0.08% for the low point and -0.05% for the high point.

13.5752

13.5923

13.5855

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/NOK indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.3235	13.5007	13.5529	13.5855	13.5896	13.6317	13.6688
Change (%)	-1.93%	-0.62%	-0.24%	-	+0.03%	+0.34%	+0.61%
Change	-0.2620	-0.0848	-0.0326	-	+0.0041	+0.0462	+0.0833
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.5241	13.5369	13.5564	13.5692	13.5887	13.6015	13.6210
Camarilla	13.5670	13.5700	13.5729	13.5759	13.5789	13.5818	13.5848
Woodie	13.5275	13.5386	13.5598	13.5709	13.5921	13.6032	13.6244
Fibonacci	13.5369	13.5492	13.5569	13.5692	13.5815	13.5892	13.6015

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.1700	13.3354	13.4504	13.6158	13.7308	13.8962	14.0112
Camarilla	13.4884	13.5141	13.5398	13.5655	13.5912	13.6169	13.6426
Woodie	13.1449	13.3228	13.4253	13.6032	13.7057	13.8836	13.9861
Fibonacci	13.3354	13.4425	13.5087	13.6158	13.7229	13.7891	13.8962

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.9199	13.1050	13.3785	13.5636	13.8371	14.0222	14.2957
Camarilla	13.5260	13.5680	13.6101	13.6521	13.6941	13.7362	13.7782
Woodie	12.9642	13.1271	13.4228	13.5857	13.8814	14.0443	14.3400
Fibonacci	13.1050	13.2802	13.3884	13.5636	13.7388	13.8470	14.0222

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):	59.45
MACD (12,26,9):	0.0042
Directional Movement:	8.6901
AROON (14):	100.0000
DEMA (21):	13.5654
Parabolic SAR (0,02-0,02-0,2):	13.5326
Elder Ray (13):	0.0193
Super Trend (3,10):	13.5917
Zig ZAG (10):	13.5893
VORTEX (21):	0.9718
Stochastique (14,3,5):	83.93
TEMA (21):	13.5717
Williams %R (14):	-7.43
Chande Momentum Oscillator (20):	0.0237
Repulse (5,40,3):	0.1406
ROCnROLL:	1
TRIX (15,9):	0.0006
Courbe Coppock:	0.34

MA7:	13.6055
MA20:	13.5701
MA50:	13.4348
MA100:	13.3778
MAexp7:	13.5685
MAexp20:	13.5603
MAexp50:	13.5656
MAexp100:	13.5869
Price / MA7:	-0.15%
Price / MA20:	+0.11%
Price / MA50:	+1.12%
Price / MA100:	+1.55%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.19%
Price / MAexp50:	+0.15%
Price / MAexp100:	-0.01%

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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