JPY/NOK - Daily - Technical analysis published on 07/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.07295 NOK
My targets
0.07160 NOK (-0.00127)
0.07046 NOK (-0.00241)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.07295 NOK remains possible. It is advisable to trade JPY/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.07295 NOK. The next bearish objective for sellers is set at 0.07160 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.07046 NOK. In case of crossing, the next objective would be the support located at 0.06826 NOK. PS: if there is a bullish break in the resistance located at 0.07295 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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Additional analysis
Quotes
JPY/NOK rating 0.07287 NOK. The price registered an increase of +1.85% on the session and was traded between 0.07147 NOK and 0.07295 NOK over the period. The price is currently at +1.96% from its lowest and -0.11% from its highest.0.07147
0.07295
0.07287
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/NOK in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 0.06826 | 0.07046 | 0.07268 | 0.07287 | 0.07512 | 0.07731 | 0.07867 |
| Change (%) | -6.33% | -3.31% | -0.26% | - | +3.09% | +6.09% | +7.96% |
| Change | -0.00461 | -0.00241 | -0.00019 | - | +0.00225 | +0.00444 | +0.00580 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06990 | 0.07050 | 0.07103 | 0.07163 | 0.07216 | 0.07276 | 0.07329 |
| Camarilla | 0.07124 | 0.07134 | 0.07145 | 0.07155 | 0.07165 | 0.07176 | 0.07186 |
| Woodie | 0.06986 | 0.07048 | 0.07099 | 0.07161 | 0.07212 | 0.07274 | 0.07325 |
| Fibonacci | 0.07050 | 0.07094 | 0.07120 | 0.07163 | 0.07207 | 0.07233 | 0.07276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06919 | 0.07030 | 0.07160 | 0.07271 | 0.07401 | 0.07512 | 0.07642 |
| Camarilla | 0.07225 | 0.07247 | 0.07269 | 0.07291 | 0.07313 | 0.07335 | 0.07357 |
| Woodie | 0.06930 | 0.07035 | 0.07171 | 0.07276 | 0.07412 | 0.07517 | 0.07653 |
| Fibonacci | 0.07030 | 0.07122 | 0.07179 | 0.07271 | 0.07363 | 0.07420 | 0.07512 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06410 | 0.06720 | 0.06985 | 0.07295 | 0.07560 | 0.07870 | 0.08135 |
| Camarilla | 0.07092 | 0.07145 | 0.07197 | 0.07250 | 0.07303 | 0.07355 | 0.07408 |
| Woodie | 0.06388 | 0.06709 | 0.06963 | 0.07284 | 0.07538 | 0.07859 | 0.08113 |
| Fibonacci | 0.06720 | 0.06940 | 0.07075 | 0.07295 | 0.07515 | 0.07650 | 0.07870 |
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): | 49.31 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -2.24865 | |
| AROON (14): | -78.57143 | |
| DEMA (21): | 0.07254 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07375 | |
| Elder Ray (13): | -0.00048 | |
| Super Trend (3,10): | 0.07080 | |
| Zig ZAG (10): | 0.07282 | |
| VORTEX (21): | 0.9915 | |
| Stochastique (14,3,5): | 26.09 | |
| TEMA (21): | 0.07227 | |
| Williams %R (14): | -54.89 | |
| Chande Momentum Oscillator (20): | -0.00217 | |
| Repulse (5,40,3): | 1.7567 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0312 | |
| Courbe Coppock: | 4.26 |
| MA7: | 0.07233 | |
| MA20: | 0.07322 | |
| MA50: | 0.07324 | |
| MA100: | 0.07278 | |
| MAexp7: | 0.07244 | |
| MAexp20: | 0.07286 | |
| MAexp50: | 0.07313 | |
| MAexp100: | 0.07358 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.96% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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