GBP/NOK - 1H - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.7944 NOK
My targets
11.8556 NOK (+0.22%)
11.8938 NOK (+0.54%)
My analysis
The bullish trend is currently very strong on GBP/NOK. As long as the price remains above the support at 11.7944 NOK, you could try to benefit from the boom. The first bullish objective is located at 11.8556 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.8938 NOK as an objective. Crossing it would then enable buyers to target 12.0615 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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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 price is 11.8301 NOK. The price registered an increase of +0.44% on the session with the lowest point at 11.7701 NOK and the highest point at 11.8565 NOK. The deviation from the price is +0.51% for the low point and -0.22% for the high point.11.7701
11.8565
11.8301
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NOK:
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11.7224 | 11.7518 | 11.7944 | 11.8301 | 11.8556 | 11.8938 | 12.0615 |
| Change (%) | -0.91% | -0.66% | -0.30% | - | +0.22% | +0.54% | +1.96% |
| Change | -0.1077 | -0.0783 | -0.0357 | - | +0.0255 | +0.0637 | +0.2314 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 11.6709 | 11.6958 | 11.7369 | 11.7618 | 11.8029 | 11.8278 | 11.8689 |
| Camarilla | 11.7599 | 11.7659 | 11.7720 | 11.7780 | 11.7841 | 11.7901 | 11.7962 |
| Woodie | 11.6790 | 11.6999 | 11.7450 | 11.7659 | 11.8110 | 11.8319 | 11.8770 |
| Fibonacci | 11.6958 | 11.7210 | 11.7366 | 11.7618 | 11.7870 | 11.8026 | 11.8278 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.3411 | 11.4815 | 11.5749 | 11.7153 | 11.8087 | 11.9491 | 12.0425 |
| Camarilla | 11.6041 | 11.6255 | 11.6470 | 11.6684 | 11.6898 | 11.7113 | 11.7327 |
| Woodie | 11.3177 | 11.4698 | 11.5515 | 11.7036 | 11.7853 | 11.9374 | 12.0191 |
| Fibonacci | 11.4815 | 11.5708 | 11.6260 | 11.7153 | 11.8046 | 11.8598 | 11.9491 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5340 | 10.8371 | 11.3659 | 11.6690 | 12.1978 | 12.5009 | 13.0297 |
| Camarilla | 11.6660 | 11.7423 | 11.8185 | 11.8948 | 11.9711 | 12.0473 | 12.1236 |
| Woodie | 10.6470 | 10.8935 | 11.4789 | 11.7254 | 12.3108 | 12.5573 | 13.1427 |
| Fibonacci | 10.8371 | 11.1549 | 11.3512 | 11.6690 | 11.9868 | 12.1831 | 12.5009 |
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): | 65.85 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 18.5298 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 11.8192 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.7762 | |
| Elder Ray (13): | 0.0212 | |
| Super Trend (3,10): | 11.7817 | |
| Zig ZAG (10): | 11.8333 | |
| VORTEX (21): | 1.2389 | |
| Stochastique (14,3,5): | 74.68 | |
| TEMA (21): | 11.8297 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.0508 | |
| Repulse (5,40,3): | 0.1072 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0186 | |
| Courbe Coppock: | 0.78 |
| MA7: | 11.7574 | |
| MA20: | 11.7976 | |
| MA50: | 11.4599 | |
| MA100: | 11.1456 | |
| MAexp7: | 11.8183 | |
| MAexp20: | 11.7940 | |
| MAexp50: | 11.7686 | |
| MAexp100: | 11.7581 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | +6.14% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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