GBP/NOK - 1H - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 11.2124 NOK
My targets
11.1866 NOK (-0.18%)
11.1707 NOK (-0.32%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/NOK, which is a positive signal for sellers. As long as the price remains above 11.2124 NOK, a sale could be considered. The first bearish objective is located at 11.1866 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.1707 NOK as an objective. Crossing it would then enable sellers to target 11.1444 NOK. If the price were to return above 11.2124 NOK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/NOK rating is 11.2071 NOK. The price is lower by -0.03% since the last closing and was traded between 11.1924 NOK and 11.2277 NOK over the period. The price is currently at +0.13% from its lowest and -0.18% from its highest.11.1924
11.2277
11.2071
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
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% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11.1444 | 11.1707 | 11.1866 | 11.2071 | 11.2124 | 11.2338 | 11.2557 |
Change (%) | -0.56% | -0.32% | -0.18% | - | +0.05% | +0.24% | +0.43% |
Change | -0.0627 | -0.0364 | -0.0205 | - | +0.0053 | +0.0267 | +0.0486 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 11.0696 | 11.1203 | 11.1654 | 11.2161 | 11.2612 | 11.3119 | 11.3570 |
Camarilla | 11.1842 | 11.1929 | 11.2017 | 11.2105 | 11.2193 | 11.2281 | 11.2368 |
Woodie | 11.0668 | 11.1189 | 11.1626 | 11.2147 | 11.2584 | 11.3105 | 11.3542 |
Fibonacci | 11.1203 | 11.1569 | 11.1795 | 11.2161 | 11.2527 | 11.2753 | 11.3119 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.9393 | 11.0417 | 11.1261 | 11.2285 | 11.3129 | 11.4153 | 11.4997 |
Camarilla | 11.1591 | 11.1763 | 11.1934 | 11.2105 | 11.2276 | 11.2448 | 11.2619 |
Woodie | 10.9303 | 11.0372 | 11.1171 | 11.2240 | 11.3039 | 11.4108 | 11.4907 |
Fibonacci | 11.0417 | 11.1131 | 11.1571 | 11.2285 | 11.2999 | 11.3439 | 11.4153 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.5606 | 10.7470 | 10.9650 | 11.1514 | 11.3694 | 11.5558 | 11.7738 |
Camarilla | 11.0719 | 11.1090 | 11.1460 | 11.1831 | 11.2202 | 11.2572 | 11.2943 |
Woodie | 10.5765 | 10.7549 | 10.9809 | 11.1593 | 11.3853 | 11.5637 | 11.7897 |
Fibonacci | 10.7470 | 10.9015 | 10.9969 | 11.1514 | 11.3059 | 11.4013 | 11.5558 |
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): | 45.58 | |
MACD (12,26,9): | -0.0075 | |
Directional Movement: | -7.3603 | |
AROON (14): | 14.2857 | |
DEMA (21): | 11.2035 | |
Parabolic SAR (0,02-0,02-0,2): | 11.1891 | |
Elder Ray (13): | -0.0059 | |
Super Trend (3,10): | 11.2562 | |
Zig ZAG (10): | 11.2071 | |
VORTEX (21): | 0.9234 | |
Stochastique (14,3,5): | 33.56 | |
TEMA (21): | 11.2013 | |
Williams %R (14): | -71.67 | |
Chande Momentum Oscillator (20): | -0.0103 | |
Repulse (5,40,3): | -0.0451 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0115 | |
Courbe Coppock: | 0.01 |
MA7: | 11.2097 | |
MA20: | 11.1869 | |
MA50: | 11.0232 | |
MA100: | 10.9520 | |
MAexp7: | 11.2095 | |
MAexp20: | 11.2143 | |
MAexp50: | 11.2242 | |
MAexp100: | 11.2237 | |
Price / MA7: | -0.02% | |
Price / MA20: | +0.18% | |
Price / MA50: | +1.67% | |
Price / MA100: | +2.33% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | -0.06% | |
Price / MAexp50: | -0.15% | |
Price / MAexp100: | -0.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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