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 05/10/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

44%

My opinion

Bearish under 13.6542 NOK

My targets

13.5603 NOK (-0.0234)

13.4349 NOK (-0.1488)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 13.6542 NOK remains possible. It is advisable to trade GBP/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 13.6542 NOK. The next bearish objective for sellers is set at 13.5603 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.4349 NOK. In case of crossing, the next objective would be the support located at 13.2093 NOK. PS: if there is a bullish break in the resistance located at 13.6542 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.8

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 price is 13.5837 NOK. The price registered a decrease of -0.02% on the session with the lowest point at 13.5457 NOK and the highest point at 13.6024 NOK. The deviation from the price is +0.28% for the low point and -0.14% for the high point.

13.5457

13.6024

13.5837

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

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 for higher/lower results shows the following items:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/NOK indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.2093	13.4349	13.5603	13.5837	13.5940	13.6542	13.7556
Change (%)	-2.76%	-1.10%	-0.17%	-	+0.08%	+0.52%	+1.27%
Change	-0.3744	-0.1488	-0.0234	-	+0.0103	+0.0705	+0.1719
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.4718	13.5223	13.5540	13.6045	13.6362	13.6867	13.7184
Camarilla	13.5631	13.5706	13.5782	13.5857	13.5932	13.6008	13.6083
Woodie	13.4624	13.5176	13.5446	13.5998	13.6268	13.6820	13.7090
Fibonacci	13.5223	13.5537	13.5731	13.6045	13.6359	13.6553	13.6867

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.2160	13.4063	13.5255	13.7158	13.8350	14.0253	14.1445
Camarilla	13.5596	13.5880	13.6163	13.6447	13.6731	13.7014	13.7298
Woodie	13.1805	13.3885	13.4900	13.6980	13.7995	14.0075	14.1090
Fibonacci	13.4063	13.5245	13.5976	13.7158	13.8340	13.9071	14.0253

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.1970	13.3372	13.6104	13.7506	14.0238	14.1640	14.4372
Camarilla	13.7698	13.8077	13.8456	13.8835	13.9214	13.9593	13.9972
Woodie	13.2634	13.3705	13.6768	13.7839	14.0902	14.1973	14.5036
Fibonacci	13.3372	13.4952	13.5927	13.7506	13.9086	14.0061	14.1640

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):	47.89
MACD (12,26,9):	-0.0043
Directional Movement:	1.7246
AROON (14):	-50.0000
DEMA (21):	13.5730
Parabolic SAR (0,02-0,02-0,2):	13.5515
Elder Ray (13):	0.0017
Super Trend (3,10):	13.6107
Zig ZAG (10):	13.5814
VORTEX (21):	0.9898
Stochastique (14,3,5):	66.15
TEMA (21):	13.5778
Williams %R (14):	-30.70
Chande Momentum Oscillator (20):	0.0130
Repulse (5,40,3):	-0.0206
ROCnROLL:	-1
TRIX (15,9):	-0.0087
Courbe Coppock:	0.02

MA7:	13.6384
MA20:	13.6840
MA50:	13.5901
MA100:	13.4146
MAexp7:	13.5809
MAexp20:	13.5807
MAexp50:	13.5958
MAexp100:	13.6210
Price / MA7:	-0.40%
Price / MA20:	-0.73%
Price / MA50:	-0.05%
Price / MA100:	+1.26%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.02%
Price / MAexp50:	-0.09%
Price / MAexp100:	-0.27%

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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