JPY/NOK - 1H - Technical analysis published on 04/07/2023 (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 0.07962 NOK
My targets
0.07996 NOK (+0.00024)
0.08041 NOK (+0.00069)
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 0.07962 NOK. The next resistance located at 0.07996 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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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 0.07972 NOK. The price registered an increase of +0.45% on the session with the lowest point at 0.07929 NOK and the highest point at 0.07978 NOK. The deviation from the price is +0.54% for the low point and -0.08% for the high point.0.07929
0.07978
0.07972
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 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. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently 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 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
Price is back over the pivot point
Type : Bullish
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
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.07899 | 0.07939 | 0.07962 | 0.07972 | 0.07996 | 0.08041 | 0.08480 |
| Change (%) | -0.92% | -0.41% | -0.13% | - | +0.30% | +0.87% | +6.37% |
| Change | -0.00073 | -0.00033 | -0.00010 | - | +0.00024 | +0.00069 | +0.00508 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 0.07816 | 0.07864 | 0.07900 | 0.07948 | 0.07984 | 0.08032 | 0.08068 |
| Camarilla | 0.07913 | 0.07921 | 0.07928 | 0.07936 | 0.07944 | 0.07951 | 0.07959 |
| Woodie | 0.07810 | 0.07861 | 0.07894 | 0.07945 | 0.07978 | 0.08029 | 0.08062 |
| Fibonacci | 0.07864 | 0.07896 | 0.07916 | 0.07948 | 0.07980 | 0.08000 | 0.08032 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07480 | 0.07630 | 0.07756 | 0.07906 | 0.08032 | 0.08182 | 0.08308 |
| Camarilla | 0.07807 | 0.07832 | 0.07858 | 0.07883 | 0.07908 | 0.07934 | 0.07959 |
| Woodie | 0.07469 | 0.07624 | 0.07745 | 0.07900 | 0.08021 | 0.08176 | 0.08297 |
| Fibonacci | 0.07630 | 0.07735 | 0.07800 | 0.07906 | 0.08011 | 0.08076 | 0.08182 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06840 | 0.07200 | 0.07541 | 0.07901 | 0.08242 | 0.08602 | 0.08943 |
| Camarilla | 0.07690 | 0.07755 | 0.07819 | 0.07883 | 0.07947 | 0.08012 | 0.08076 |
| Woodie | 0.06832 | 0.07195 | 0.07533 | 0.07896 | 0.08234 | 0.08597 | 0.08935 |
| Fibonacci | 0.07200 | 0.07467 | 0.07633 | 0.07901 | 0.08168 | 0.08334 | 0.08602 |
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): | 64.42 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 21.54183 | |
| AROON (14): | 100.00000 | |
| DEMA (21): | 0.07949 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07933 | |
| Elder Ray (13): | 0.00018 | |
| Super Trend (3,10): | 0.07975 | |
| Zig ZAG (10): | 0.07973 | |
| VORTEX (21): | 1.1424 | |
| Stochastique (14,3,5): | 88.05 | |
| TEMA (21): | 0.07949 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.00038 | |
| Repulse (5,40,3): | 0.4797 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.62 |
| MA7: | 0.07885 | |
| MA20: | 0.07949 | |
| MA50: | 0.07799 | |
| MA100: | 0.07611 | |
| MAexp7: | 0.07953 | |
| MAexp20: | 0.07943 | |
| MAexp50: | 0.07927 | |
| MAexp100: | 0.07904 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +2.22% | |
| Price / MA100: | +4.74% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.86% |
Quotes :
-
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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