GBP/NOK - 1H - Technical analysis published on 11/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 14.2343 NOK
My targets
14.2843 NOK (+0.0285)
14.3220 NOK (+0.0662)
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 14.2343 NOK. The next resistance located at 14.2843 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 14.3220 NOK.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/NOK rating 14.2558 NOK. The price registered a decrease of -0.02% on the session and was between 14.2418 NOK and 14.2607 NOK. This implies that the price is at +0.10% from its lowest and at -0.03% from its highest.14.2418
14.2607
14.2558
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NOK:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/NOK in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.1727 | 14.1919 | 14.2343 | 14.2558 | 14.2627 | 14.2843 | 14.3220 |
| Change (%) | -0.58% | -0.45% | -0.15% | - | +0.05% | +0.20% | +0.46% |
| Change | -0.0831 | -0.0639 | -0.0215 | - | +0.0069 | +0.0285 | +0.0662 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 14.0997 | 14.1458 | 14.2019 | 14.2480 | 14.3041 | 14.3502 | 14.4063 |
| Camarilla | 14.2299 | 14.2393 | 14.2486 | 14.2580 | 14.2674 | 14.2767 | 14.2861 |
| Woodie | 14.1047 | 14.1483 | 14.2069 | 14.2505 | 14.3091 | 14.3527 | 14.4113 |
| Fibonacci | 14.1458 | 14.1848 | 14.2090 | 14.2480 | 14.2870 | 14.3112 | 14.3502 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.0456 | 14.1061 | 14.2011 | 14.2616 | 14.3566 | 14.4171 | 14.5121 |
| Camarilla | 14.2534 | 14.2677 | 14.2820 | 14.2962 | 14.3105 | 14.3247 | 14.3390 |
| Woodie | 14.0630 | 14.1147 | 14.2185 | 14.2702 | 14.3740 | 14.4257 | 14.5295 |
| Fibonacci | 14.1061 | 14.1655 | 14.2022 | 14.2616 | 14.3210 | 14.3577 | 14.4171 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.5074 | 13.6971 | 13.9404 | 14.1301 | 14.3734 | 14.5631 | 14.8064 |
| Camarilla | 14.0646 | 14.1043 | 14.1440 | 14.1837 | 14.2234 | 14.2631 | 14.3028 |
| Woodie | 13.5342 | 13.7105 | 13.9672 | 14.1435 | 14.4002 | 14.5765 | 14.8332 |
| Fibonacci | 13.6971 | 13.8625 | 13.9647 | 14.1301 | 14.2955 | 14.3977 | 14.5631 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.49 | |
| MACD (12,26,9): | 0.0027 | |
| Directional Movement: | 4.1460 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 14.2543 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.2275 | |
| Elder Ray (13): | 0.0023 | |
| Super Trend (3,10): | 14.2780 | |
| Zig ZAG (10): | 14.2539 | |
| VORTEX (21): | 1.0567 | |
| Stochastique (14,3,5): | 63.97 | |
| TEMA (21): | 14.2550 | |
| Williams %R (14): | -41.05 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.0307 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0017 | |
| Courbe Coppock: | 0.24 |
| MA7: | 14.2448 | |
| MA20: | 14.1861 | |
| MA50: | 14.0806 | |
| MA100: | 13.9375 | |
| MAexp7: | 14.2536 | |
| MAexp20: | 14.2507 | |
| MAexp50: | 14.2454 | |
| MAexp100: | 14.2399 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.11% |
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.
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