GBP/NOK - 1H - Technical analysis published on 03/04/2020 (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:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 11.8931 NOK
My targets
11.7691 NOK (-0.0789)
11.7194 NOK (-0.1286)
My analysis
The bearish trend is currently very strong for GBP/NOK. As long as the price remains below the resistance at 11.8931 NOK, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.7691 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11.7194 NOK as an objective. Crossing it would then enable sellers to target 11.5036 NOK. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.8
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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 11.8480 NOK. The price registered a decrease of -0.39% on the session and was traded between 11.8317 NOK and 11.9019 NOK over the period. The price is currently at +0.14% from its lowest and -0.45% from its highest.11.8317
11.9019
11.8480
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NOK:
Technical
A technical analysis in 1H of this GBP/NOK chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.5036 | 11.7691 | 11.8402 | 11.8480 | 11.8931 | 11.9380 | 12.0088 |
| Change (%) | -2.91% | -0.67% | -0.07% | - | +0.38% | +0.76% | +1.36% |
| Change | -0.3444 | -0.0789 | -0.0078 | - | +0.0451 | +0.0900 | +0.1608 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | 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 | 11.6277 | 11.6984 | 11.7966 | 11.8673 | 11.9655 | 12.0362 | 12.1344 |
| Camarilla | 11.8484 | 11.8638 | 11.8793 | 11.8948 | 11.9103 | 11.9258 | 11.9413 |
| Woodie | 11.6415 | 11.7053 | 11.8104 | 11.8742 | 11.9793 | 12.0431 | 12.1482 |
| Fibonacci | 11.6984 | 11.7629 | 11.8028 | 11.8673 | 11.9318 | 11.9717 | 12.0362 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7882 | 11.9090 | 11.9795 | 12.1003 | 12.1708 | 12.2916 | 12.3621 |
| Camarilla | 11.9975 | 12.0150 | 12.0326 | 12.0501 | 12.0676 | 12.0852 | 12.1027 |
| Woodie | 11.7632 | 11.8964 | 11.9545 | 12.0877 | 12.1458 | 12.2790 | 12.3371 |
| Fibonacci | 11.9090 | 11.9820 | 12.0272 | 12.1003 | 12.1733 | 12.2185 | 12.2916 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5512 | 11.7194 | 11.8847 | 12.0529 | 12.2182 | 12.3864 | 12.5517 |
| Camarilla | 11.9584 | 11.9890 | 12.0195 | 12.0501 | 12.0807 | 12.1112 | 12.1418 |
| Woodie | 11.5499 | 11.7187 | 11.8834 | 12.0522 | 12.2169 | 12.3857 | 12.5504 |
| Fibonacci | 11.7194 | 11.8468 | 11.9255 | 12.0529 | 12.1803 | 12.2590 | 12.3864 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.05 | |
| MACD (12,26,9): | -0.0097 | |
| Directional Movement: | -13.0862 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 11.8555 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8156 | |
| Elder Ray (13): | -0.0133 | |
| Super Trend (3,10): | 11.9383 | |
| Zig ZAG (10): | 11.8490 | |
| VORTEX (21): | 0.9864 | |
| Stochastique (14,3,5): | 21.40 | |
| TEMA (21): | 11.8637 | |
| Williams %R (14): | -86.35 | |
| Chande Momentum Oscillator (20): | -0.0224 | |
| Repulse (5,40,3): | -0.2124 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0109 | |
| Courbe Coppock: | 0.04 |
| MA7: | 12.0089 | |
| MA20: | 12.0177 | |
| MA50: | 11.8404 | |
| MA100: | 11.8350 | |
| MAexp7: | 11.8641 | |
| MAexp20: | 11.8710 | |
| MAexp50: | 11.9067 | |
| MAexp100: | 11.9645 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -1.41% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +0.11% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.97% |
This member declared not having a position on this financial instrument or a related financial instrument.
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