JPY/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYNOK
ISIN:

JPY/NOK - Daily - Technical analysis published on 03/22/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.07872 NOK

My targets

0.08041 NOK (+0.00080)

0.08222 NOK (+0.00261)

My analysis

The bullish trend is currently very strong on JPY/NOK. As long as the price remains above the support at 0.07872 NOK, you could try to benefit from the boom. The first bullish objective is located at 0.08041 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.08222 NOK as an objective. Crossing it would then enable buyers to target 0.08480 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

7.9

Comment on the analysis

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.

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

Additional analysis

Quotes

The JPY/NOK rating is 0.07961 NOK. The price is lower by -0.03% since the last closing and was traded between 0.07882 NOK and 0.07984 NOK over the period. The price is currently at +1.00% from its lowest and -0.29% from its highest.

0.07882

0.07984

0.07961

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

The Central Records scanner for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of JPY/NOK indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07157	0.07515	0.07872	0.07961	0.08041	0.08480	0.09127
Change (%)	-10.10%	-5.60%	-1.12%	-	+1.00%	+6.52%	+14.65%
Change	-0.00804	-0.00446	-0.00089	-	+0.00080	+0.00519	+0.01166
Level	Intermediate	Major	Intermediate	-	Major	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	0.07651	0.07784	0.07873	0.08006	0.08095	0.08228	0.08317
Camarilla	0.07902	0.07922	0.07943	0.07963	0.07983	0.08004	0.08024
Woodie	0.07630	0.07773	0.07852	0.07995	0.08074	0.08217	0.08296
Fibonacci	0.07784	0.07869	0.07921	0.08006	0.08091	0.08143	0.08228

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07384	0.07586	0.07845	0.08047	0.08306	0.08508	0.08767
Camarilla	0.07976	0.08019	0.08061	0.08103	0.08145	0.08188	0.08230
Woodie	0.07412	0.07600	0.07873	0.08061	0.08334	0.08522	0.08795
Fibonacci	0.07586	0.07762	0.07871	0.08047	0.08223	0.08332	0.08508

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.39
MACD (12,26,9):	0.0010
Directional Movement:	16.20312
AROON (14):	85.71429
DEMA (21):	0.07995
Parabolic SAR (0,02-0,02-0,2):	0.08260
Elder Ray (13):	0.00003
Super Trend (3,10):	0.07708
Zig ZAG (10):	0.07961
VORTEX (21):	1.1005
Stochastique (14,3,5):	61.56
TEMA (21):	0.08048
Williams %R (14):	-46.94
Chande Momentum Oscillator (20):	0.00302
Repulse (5,40,3):	-0.9119
ROCnROLL:	1
TRIX (15,9):	0.1442
Courbe Coppock:	9.55

MA7:	0.08020
MA20:	0.07819
MA50:	0.07739
MA100:	0.07518
MAexp7:	0.07988
MAexp20:	0.07875
MAexp50:	0.07735
MAexp100:	0.07590
Price / MA7:	-0.74%
Price / MA20:	+1.82%
Price / MA50:	+2.87%
Price / MA100:	+5.89%
Price / MAexp7:	-0.34%
Price / MAexp20:	+1.09%
Price / MAexp50:	+2.92%
Price / MAexp100:	+4.89%

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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