JPY/NOK - 1H - Technical analysis published on 09/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.07155 NOK
My targets
0.07205 NOK (+0.00009)
0.07253 NOK (+0.00057)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/NOK as long as the price remains well above 0.07155 NOK. The buyers' bullish objective is set at 0.07205 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07253 NOK. If there is any crossing, the next objective would be the resistance located at 0.07339 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
The JPY/NOK rating is 0.07196 NOK. On the day, this instrument lost -0.03% with the lowest point at 0.07171 NOK and the highest point at 0.07250 NOK. The deviation from the price is +0.35% for the low point and -0.74% for the high point.0.07171
0.07250
0.07196
Here is a more detailed summary of the historical variations registered by JPY/NOK:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/NOK chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
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 | 0.07046 | 0.07103 | 0.07155 | 0.07196 | 0.07205 | 0.07339 | 0.07515 |
| Change (%) | -2.08% | -1.29% | -0.57% | - | +0.13% | +1.99% | +4.43% |
| Change | -0.00150 | -0.00093 | -0.00041 | - | +0.00009 | +0.00143 | +0.00319 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07020 | 0.07061 | 0.07130 | 0.07171 | 0.07240 | 0.07281 | 0.07350 |
| Camarilla | 0.07168 | 0.07178 | 0.07188 | 0.07198 | 0.07208 | 0.07218 | 0.07228 |
| Woodie | 0.07033 | 0.07068 | 0.07143 | 0.07178 | 0.07253 | 0.07288 | 0.07363 |
| Fibonacci | 0.07061 | 0.07103 | 0.07129 | 0.07171 | 0.07213 | 0.07239 | 0.07281 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06613 | 0.06733 | 0.06933 | 0.07053 | 0.07253 | 0.07373 | 0.07573 |
| Camarilla | 0.07044 | 0.07073 | 0.07103 | 0.07132 | 0.07161 | 0.07191 | 0.07220 |
| Woodie | 0.06652 | 0.06753 | 0.06972 | 0.07073 | 0.07292 | 0.07393 | 0.07612 |
| Fibonacci | 0.06733 | 0.06856 | 0.06931 | 0.07053 | 0.07176 | 0.07251 | 0.07373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06506 | 0.06755 | 0.06950 | 0.07199 | 0.07394 | 0.07643 | 0.07838 |
| Camarilla | 0.07024 | 0.07065 | 0.07105 | 0.07146 | 0.07187 | 0.07227 | 0.07268 |
| Woodie | 0.06480 | 0.06742 | 0.06924 | 0.07186 | 0.07368 | 0.07630 | 0.07812 |
| Fibonacci | 0.06755 | 0.06924 | 0.07029 | 0.07199 | 0.07368 | 0.07473 | 0.07643 |
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): | 49.89 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 5.73685 | |
| AROON (14): | -35.71429 | |
| DEMA (21): | 0.07200 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07247 | |
| Elder Ray (13): | -0.00013 | |
| Super Trend (3,10): | 0.07162 | |
| Zig ZAG (10): | 0.07184 | |
| VORTEX (21): | 1.0075 | |
| Stochastique (14,3,5): | 15.29 | |
| TEMA (21): | 0.07197 | |
| Williams %R (14): | -86.08 | |
| Chande Momentum Oscillator (20): | -0.00015 | |
| Repulse (5,40,3): | -0.1186 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0225 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.07115 | |
| MA20: | 0.07071 | |
| MA50: | 0.07165 | |
| MA100: | 0.07272 | |
| MAexp7: | 0.07191 | |
| MAexp20: | 0.07188 | |
| MAexp50: | 0.07170 | |
| MAexp100: | 0.07138 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.81% |
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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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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