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JPY/NOK
JPY NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYNOK
ISIN:

JPY/NOK - 1H - Technical analysis published on 03/20/2023 (GMT)

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  • Timeframe : 1H
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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 0.08180 NOK
My targets
0.08250 NOK (+0.00052)
0.08306 NOK (+0.00108)
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 0.08180 NOK. The next resistance located at 0.08250 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 0.08306 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
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

JPY/NOK rating 0.08198 NOK. The price has increased by +1.17% since the last closing and was traded between 0.08032 NOK and 0.08203 NOK over the period. The price is currently at +2.07% from its lowest and -0.06% from its highest.

0.08032
0.08203
0.08198

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a 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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.08041 0.08125 0.08180 0.08198 0.08250 0.08480 0.09127
Change (%) -1.92% -0.89% -0.22% - +0.63% +3.44% +11.33%
Change -0.00157 -0.00073 -0.00018 - +0.00052 +0.00282 +0.00929
Level Major Minor Minor - Major Intermediate Intermediate



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
Standard0.078450.079180.080110.080840.081770.082500.08343
Camarilla0.080570.080730.080880.081030.081180.081330.08149
Woodie0.078540.079230.080200.080890.081860.082550.08352
Fibonacci0.079180.079820.080210.080840.081480.081870.08250


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.073840.075860.078450.080470.083060.085080.08767
Camarilla0.079760.080190.080610.081030.081450.081880.08230
Woodie0.074120.076000.078730.080610.083340.085220.08795
Fibonacci0.075860.077620.078710.080470.082230.083320.08508


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.070910.073170.074680.076940.078450.080710.08222
Camarilla0.075160.075510.075850.076200.076550.076890.07724
Woodie0.070550.072980.074320.076750.078090.080520.08186
Fibonacci0.073170.074610.075500.076940.078380.079270.08071

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): 66.96
MACD (12,26,9): 0.0001
Directional Movement: 18.71927
AROON (14): 35.71429
DEMA (21): 0.08114
Parabolic SAR (0,02-0,02-0,2): 0.08032
Elder Ray (13): 0.00045
Super Trend (3,10): 0.08040
Zig ZAG (10): 0.08184
VORTEX (21): 1.1213
Stochastique (14,3,5): 88.63
TEMA (21): 0.08120
Williams %R (14): -5.10
Chande Momentum Oscillator (20): 0.00059
Repulse (5,40,3): 1.2031
ROCnROLL: 1
TRIX (15,9): 0.0131
Courbe Coppock: 0.18
MA7: 0.08015
MA20: 0.07791
MA50: 0.07724
MA100: 0.07500
MAexp7: 0.08119
MAexp20: 0.08098
MAexp50: 0.08074
MAexp100: 0.08026
Price / MA7: +2.28%
Price / MA20: +5.22%
Price / MA50: +6.14%
Price / MA100: +9.31%
Price / MAexp7: +0.95%
Price / MAexp20: +1.21%
Price / MAexp50: +1.51%
Price / MAexp100: +2.12%

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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Londinia
Londinia AI

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