GBP/NOK - 1H - Technical analysis published on 01/20/2020 (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
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
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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 11.6074 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.
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 11.4837 | 11.5351 | 11.5632 | 11.6146 | 11.6427 | 11.6941 | 11.7222 |
Camarilla | 11.5694 | 11.5767 | 11.5840 | 11.5913 | 11.5986 | 11.6059 | 11.6132 |
Woodie | 11.4721 | 11.5293 | 11.5516 | 11.6088 | 11.6311 | 11.6883 | 11.7106 |
Fibonacci | 11.5351 | 11.5655 | 11.5842 | 11.6146 | 11.6450 | 11.6637 | 11.6941 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.3699 | 11.4440 | 11.5177 | 11.5918 | 11.6655 | 11.7396 | 11.8133 |
Camarilla | 11.5507 | 11.5642 | 11.5778 | 11.5913 | 11.6049 | 11.6184 | 11.6320 |
Woodie | 11.3696 | 11.4439 | 11.5174 | 11.5917 | 11.6652 | 11.7395 | 11.8130 |
Fibonacci | 11.4440 | 11.5005 | 11.5354 | 11.5918 | 11.6483 | 11.6832 | 11.7396 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.6555 | 11.0823 | 11.3631 | 11.7899 | 12.0707 | 12.4975 | 12.7783 |
Camarilla | 11.4494 | 11.5143 | 11.5791 | 11.6440 | 11.7089 | 11.7737 | 11.8386 |
Woodie | 10.5826 | 11.0458 | 11.2902 | 11.7534 | 11.9978 | 12.4610 | 12.7054 |
Fibonacci | 11.0823 | 11.3526 | 11.5196 | 11.7899 | 12.0602 | 12.2272 | 12.4975 |
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.
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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