GBP/NOK
GBP NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNOK
ISIN:

GBP/NOK - 1H - Technical analysis published on 01/20/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11.5915 NOK
My targets
11.6330 NOK (+0.0256)
11.6684 NOK (+0.0610)
My analysis
A bullish trend on GBP/NOK both in substance and in the short term. A purchase could be considered as long as the price remains above 11.5915 NOK. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 11.6330 NOK. Then the price could move towards 11.6684 NOK. Then 11.8948 NOK by extension. Be careful, a return below 11.5915 NOK would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/NOK price is 11.6074 NOK. The price has increased by +0.14% since the last closing and was between 11.5412 NOK and 11.6193 NOK. This implies that the price is at +0.57% from its lowest and at -0.10% from its highest.

11.5412
11.6193
11.6074

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of GBP/NOK in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the 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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.5544 11.5750 11.5915 11.6074 11.6145 11.6330 11.6684
Change (%) -0.46% -0.28% -0.14% - +0.06% +0.22% +0.53%
Change -0.0530 -0.0324 -0.0159 - +0.0071 +0.0256 +0.0610
Level Minor Major Minor - Minor Minor 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
Standard11.483711.535111.563211.614611.642711.694111.7222
Camarilla11.569411.576711.584011.591311.598611.605911.6132
Woodie11.472111.529311.551611.608811.631111.688311.7106
Fibonacci11.535111.565511.584211.614611.645011.663711.6941


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.369911.444011.517711.591811.665511.739611.8133
Camarilla11.550711.564211.577811.591311.604911.618411.6320
Woodie11.369611.443911.517411.591711.665211.739511.8130
Fibonacci11.444011.500511.535411.591811.648311.683211.7396


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.655511.082311.363111.789912.070712.497512.7783
Camarilla11.449411.514311.579111.644011.708911.773711.8386
Woodie10.582611.045811.290211.753411.997812.461012.7054
Fibonacci11.082311.352611.519611.789912.060212.227212.4975

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): 59.73
MACD (12,26,9): 0.0025
Directional Movement: 11.3052
AROON (14): 64.2857
DEMA (21): 11.5898
Parabolic SAR (0,02-0,02-0,2): 11.5693
Elder Ray (13): 0.0161
Super Trend (3,10): 11.5605
Zig ZAG (10): 11.6079
VORTEX (21): 1.0441
Stochastique (14,3,5): 90.01
TEMA (21): 11.5951
Williams %R (14): -12.42
Chande Momentum Oscillator (20): 0.0461
Repulse (5,40,3): 0.1271
ROCnROLL: 1
TRIX (15,9): -0.0056
Courbe Coppock: 0.39
MA7: 11.5838
MA20: 11.5818
MA50: 11.7534
MA100: 11.5913
MAexp7: 11.5988
MAexp20: 11.5893
MAexp50: 11.5893
MAexp100: 11.5856
Price / MA7: +0.20%
Price / MA20: +0.22%
Price / MA50: -1.24%
Price / MA100: +0.14%
Price / MAexp7: +0.07%
Price / MAexp20: +0.16%
Price / MAexp50: +0.16%
Price / MAexp100: +0.19%

This member declared not having a position on this financial instrument or a related financial instrument.

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