JPY/NOK - 1H - Technical analysis published on 03/09/2023 (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
94%
0%
6%
My opinion
Bullish above 0.07803 NOK
My targets
0.07872 NOK (+0.00032)
0.08041 NOK (+0.00201)
My analysis
JPY/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.07803 NOK. The next resistance located at 0.07872 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.08041 NOK. After this resistance, buyers could then target 0.08480 NOK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/NOK price is 0.07840 NOK. The price has increased by +0.76% since the last closing and was between 0.07779 NOK and 0.07842 NOK. This implies that the price is at +0.78% from its lowest and at -0.03% from its highest.0.07779
0.07842
0.07840
Here is a more detailed summary of the historical variations registered by JPY/NOK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of JPY/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 0.07698 | 0.07745 | 0.07803 | 0.07840 | 0.07872 | 0.08041 | 0.08480 |
| Change (%) | -1.81% | -1.21% | -0.47% | - | +0.41% | +2.56% | +8.16% |
| Change | -0.00142 | -0.00095 | -0.00037 | - | +0.00032 | +0.00201 | +0.00640 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07698 | 0.07721 | 0.07751 | 0.07774 | 0.07804 | 0.07827 | 0.07857 |
| Camarilla | 0.07766 | 0.07771 | 0.07776 | 0.07781 | 0.07786 | 0.07791 | 0.07796 |
| Woodie | 0.07702 | 0.07723 | 0.07755 | 0.07776 | 0.07808 | 0.07829 | 0.07861 |
| Fibonacci | 0.07721 | 0.07741 | 0.07754 | 0.07774 | 0.07794 | 0.07807 | 0.07827 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07419 | 0.07480 | 0.07562 | 0.07623 | 0.07705 | 0.07766 | 0.07848 |
| Camarilla | 0.07604 | 0.07617 | 0.07630 | 0.07643 | 0.07656 | 0.07669 | 0.07682 |
| Woodie | 0.07429 | 0.07485 | 0.07572 | 0.07628 | 0.07715 | 0.07771 | 0.07858 |
| Fibonacci | 0.07480 | 0.07535 | 0.07569 | 0.07623 | 0.07678 | 0.07712 | 0.07766 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07091 | 0.07317 | 0.07468 | 0.07694 | 0.07845 | 0.08071 | 0.08222 |
| Camarilla | 0.07516 | 0.07551 | 0.07585 | 0.07620 | 0.07655 | 0.07689 | 0.07724 |
| Woodie | 0.07055 | 0.07298 | 0.07432 | 0.07675 | 0.07809 | 0.08052 | 0.08186 |
| Fibonacci | 0.07317 | 0.07461 | 0.07550 | 0.07694 | 0.07838 | 0.07927 | 0.08071 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.82 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 16.68023 | |
| AROON (14): | 78.57143 | |
| DEMA (21): | 0.07807 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07756 | |
| Elder Ray (13): | 0.00025 | |
| Super Trend (3,10): | 0.07766 | |
| Zig ZAG (10): | 0.07831 | |
| VORTEX (21): | 1.1382 | |
| Stochastique (14,3,5): | 90.11 | |
| TEMA (21): | 0.07810 | |
| Williams %R (14): | -2.20 | |
| Chande Momentum Oscillator (20): | 0.00080 | |
| Repulse (5,40,3): | 0.5222 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0168 | |
| Courbe Coppock: | 0.91 |
| MA7: | 0.07709 | |
| MA20: | 0.07664 | |
| MA50: | 0.07664 | |
| MA100: | 0.07431 | |
| MAexp7: | 0.07807 | |
| MAexp20: | 0.07791 | |
| MAexp50: | 0.07765 | |
| MAexp100: | 0.07730 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | +2.30% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +5.50% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.42% |
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.
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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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