JPY/NOK - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.07261 NOK
My targets
0.07295 NOK (+0.00017)
0.07339 NOK (+0.00061)
My analysis
The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07261 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.07295 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.07339 NOK as an objective. Crossing it would then enable buyers to target 0.07515 NOK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The JPY/NOK rating is 0.07278 NOK. On the day, this instrument lost -0.08% and was traded between 0.07203 NOK and 0.07295 NOK over the period. The price is currently at +1.04% from its lowest and -0.23% from its highest.0.07203
0.07295
0.07278
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.07172 | 0.07229 | 0.07261 | 0.07278 | 0.07295 | 0.07339 | 0.07515 |
| Change (%) | -1.46% | -0.67% | -0.23% | - | +0.23% | +0.84% | +3.26% |
| Change | -0.00106 | -0.00049 | -0.00017 | - | +0.00017 | +0.00061 | +0.00237 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 0.07104 | 0.07145 | 0.07214 | 0.07255 | 0.07324 | 0.07365 | 0.07434 |
| Camarilla | 0.07254 | 0.07264 | 0.07274 | 0.07284 | 0.07294 | 0.07304 | 0.07314 |
| Woodie | 0.07119 | 0.07152 | 0.07229 | 0.07262 | 0.07339 | 0.07372 | 0.07449 |
| Fibonacci | 0.07145 | 0.07187 | 0.07213 | 0.07255 | 0.07297 | 0.07323 | 0.07365 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06933 | 0.07007 | 0.07146 | 0.07220 | 0.07359 | 0.07433 | 0.07572 |
| Camarilla | 0.07225 | 0.07245 | 0.07265 | 0.07284 | 0.07304 | 0.07323 | 0.07343 |
| Woodie | 0.06965 | 0.07023 | 0.07178 | 0.07236 | 0.07391 | 0.07449 | 0.07604 |
| Fibonacci | 0.07007 | 0.07089 | 0.07139 | 0.07220 | 0.07302 | 0.07352 | 0.07433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06609 | 0.06778 | 0.06966 | 0.07135 | 0.07323 | 0.07492 | 0.07680 |
| Camarilla | 0.07057 | 0.07090 | 0.07122 | 0.07155 | 0.07188 | 0.07221 | 0.07253 |
| Woodie | 0.06620 | 0.06783 | 0.06977 | 0.07140 | 0.07334 | 0.07497 | 0.07691 |
| Fibonacci | 0.06778 | 0.06914 | 0.06998 | 0.07135 | 0.07271 | 0.07355 | 0.07492 |
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): | 63.80 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 16.84064 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 0.07261 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07218 | |
| Elder Ray (13): | 0.00029 | |
| Super Trend (3,10): | 0.07220 | |
| Zig ZAG (10): | 0.07280 | |
| VORTEX (21): | 1.0734 | |
| Stochastique (14,3,5): | 87.08 | |
| TEMA (21): | 0.07266 | |
| Williams %R (14): | -15.22 | |
| Chande Momentum Oscillator (20): | 0.00066 | |
| Repulse (5,40,3): | 0.0479 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.07208 | |
| MA20: | 0.07177 | |
| MA50: | 0.07182 | |
| MA100: | 0.07175 | |
| MAexp7: | 0.07268 | |
| MAexp20: | 0.07251 | |
| MAexp50: | 0.07236 | |
| MAexp100: | 0.07219 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.82% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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