GBP/NOK - 1H - Technical analysis published on 01/17/2025 (GMT)
- 96
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Neutral between 13.8520 NOK and 13.9114 NOK
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 13.9114 NOK. The first support is located at 13.8520 NOK. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/NOK.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 13.8924 NOK. The price registered a decrease of -0.03% on the session and was traded between 13.8399 NOK and 13.9045 NOK over the period. The price is currently at +0.38% from its lowest and -0.09% from its highest.13.8399
13.9045
13.8924
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
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
A technical analysis in 1H of this GBP/NOK chart shows a slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.6826 | 13.8520 | 13.8816 | 13.8924 | 13.9114 | 13.9719 | 14.0085 |
| Change (%) | -1.51% | -0.29% | -0.08% | - | +0.14% | +0.57% | +0.84% |
| Change | -0.2098 | -0.0404 | -0.0108 | - | +0.0190 | +0.0795 | +0.1161 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 13.7599 | 13.7947 | 13.8459 | 13.8807 | 13.9319 | 13.9667 | 14.0179 |
| Camarilla | 13.8734 | 13.8812 | 13.8891 | 13.8970 | 13.9049 | 13.9128 | 13.9207 |
| Woodie | 13.7680 | 13.7988 | 13.8540 | 13.8848 | 13.9400 | 13.9708 | 14.0260 |
| Fibonacci | 13.7947 | 13.8276 | 13.8479 | 13.8807 | 13.9136 | 13.9339 | 13.9667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.6966 | 13.8341 | 13.9218 | 14.0593 | 14.1470 | 14.2845 | 14.3722 |
| Camarilla | 13.9476 | 13.9682 | 13.9889 | 14.0095 | 14.0301 | 14.0508 | 14.0714 |
| Woodie | 13.6717 | 13.8217 | 13.8969 | 14.0469 | 14.1221 | 14.2721 | 14.3473 |
| Fibonacci | 13.8341 | 13.9201 | 13.9733 | 14.0593 | 14.1453 | 14.1985 | 14.2845 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.6584 | 13.8188 | 14.0391 | 14.1995 | 14.4198 | 14.5802 | 14.8005 |
| Camarilla | 14.1547 | 14.1896 | 14.2245 | 14.2594 | 14.2943 | 14.3292 | 14.3641 |
| Woodie | 13.6884 | 13.8338 | 14.0691 | 14.2145 | 14.4498 | 14.5952 | 14.8305 |
| Fibonacci | 13.8188 | 13.9642 | 14.0541 | 14.1995 | 14.3449 | 14.4348 | 14.5802 |
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): | 51.43 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.5934 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 13.8875 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.8990 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 13.8505 | |
| Zig ZAG (10): | 13.8884 | |
| VORTEX (21): | 1.0620 | |
| Stochastique (14,3,5): | 52.58 | |
| TEMA (21): | 13.8856 | |
| Williams %R (14): | -37.25 | |
| Chande Momentum Oscillator (20): | -0.0155 | |
| Repulse (5,40,3): | 0.0188 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.20 |
| MA7: | 13.9308 | |
| MA20: | 14.1079 | |
| MA50: | 14.0947 | |
| MA100: | 14.0920 | |
| MAexp7: | 13.8830 | |
| MAexp20: | 13.8862 | |
| MAexp50: | 13.8875 | |
| MAexp100: | 13.9097 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | -1.42% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.12% |
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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