GBP/NOK - 1H - Technical analysis published on 09/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 13.8816 NOK and 14.0226 NOK
My targets
-
My analysis
The short-term increase on GBP/NOK remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 14.0226 NOK. The first support is located at 13.8816 NOK. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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
GBP/NOK rating 13.9516 NOK. On the day, this instrument gained +0.00% and was traded between 13.9392 NOK and 13.9608 NOK over the period. The price is currently at +0.09% from its lowest and -0.07% from its highest.13.9392
13.9608
13.9516
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.8434 | 13.8816 | 13.9445 | 13.9516 | 14.0226 | 14.0695 | 14.1253 |
| Change (%) | -0.78% | -0.50% | -0.05% | - | +0.51% | +0.85% | +1.25% |
| Change | -0.1082 | -0.0700 | -0.0071 | - | +0.0710 | +0.1179 | +0.1737 |
| Level | Minor | Major | Intermediate | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 13.6855 | 13.7645 | 13.8580 | 13.9370 | 14.0305 | 14.1095 | 14.2030 |
| Camarilla | 13.9042 | 13.9200 | 13.9358 | 13.9516 | 13.9674 | 13.9832 | 13.9990 |
| Woodie | 13.6929 | 13.7681 | 13.8654 | 13.9406 | 14.0379 | 14.1131 | 14.2104 |
| Fibonacci | 13.7645 | 13.8304 | 13.8711 | 13.9370 | 14.0029 | 14.0436 | 14.1095 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.6789 | 13.8298 | 13.9072 | 14.0581 | 14.1355 | 14.2864 | 14.3638 |
| Camarilla | 13.9217 | 13.9427 | 13.9636 | 13.9845 | 14.0054 | 14.0264 | 14.0473 |
| Woodie | 13.6421 | 13.8114 | 13.8704 | 14.0397 | 14.0987 | 14.2680 | 14.3270 |
| Fibonacci | 13.8298 | 13.9170 | 13.9709 | 14.0581 | 14.1453 | 14.1992 | 14.2864 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.1865 | 13.4233 | 13.6782 | 13.9150 | 14.1699 | 14.4067 | 14.6616 |
| Camarilla | 13.7978 | 13.8429 | 13.8879 | 13.9330 | 13.9781 | 14.0232 | 14.0682 |
| Woodie | 13.1955 | 13.4278 | 13.6872 | 13.9195 | 14.1789 | 14.4112 | 14.6706 |
| Fibonacci | 13.4233 | 13.6112 | 13.7272 | 13.9150 | 14.1029 | 14.2189 | 14.4067 |
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): | 54.41 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 5.4422 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 13.9357 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.8717 | |
| Elder Ray (13): | 0.0118 | |
| Super Trend (3,10): | 13.9657 | |
| Zig ZAG (10): | 13.9506 | |
| VORTEX (21): | 0.9714 | |
| Stochastique (14,3,5): | 74.86 | |
| TEMA (21): | 13.9438 | |
| Williams %R (14): | -27.78 | |
| Chande Momentum Oscillator (20): | 0.0291 | |
| Repulse (5,40,3): | 0.0189 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.65 |
| MA7: | 13.9836 | |
| MA20: | 13.9894 | |
| MA50: | 13.9621 | |
| MA100: | 13.7483 | |
| MAexp7: | 13.9452 | |
| MAexp20: | 13.9399 | |
| MAexp50: | 13.9514 | |
| MAexp100: | 13.9739 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.16% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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