JPY/NOK - 1H - Technical analysis published on 05/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 0.07878 NOK
My targets
0.07756 NOK (-0.00081)
0.07623 NOK (-0.00214)
My analysis
JPY/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.07878 NOK. The next support located at 0.07756 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.07623 NOK. Below this support, sellers could then target 0.07515 NOK.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/NOK rating 0.07837 NOK. The price registered an increase of +0.21% on the session and was traded between 0.07821 NOK and 0.07841 NOK over the period. The price is currently at +0.20% from its lowest and -0.05% from its highest.0.07821
0.07841
0.07837
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/NOK in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 0.07157 | 0.07515 | 0.07756 | 0.07837 | 0.07840 | 0.07917 | 0.07969 |
| Change (%) | -8.68% | -4.11% | -1.03% | - | +0.04% | +1.02% | +1.68% |
| Change | -0.00680 | -0.00322 | -0.00081 | - | +0.00003 | +0.00080 | +0.00132 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
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 | 0.07781 | 0.07797 | 0.07809 | 0.07825 | 0.07837 | 0.07853 | 0.07865 |
| Camarilla | 0.07813 | 0.07816 | 0.07818 | 0.07821 | 0.07824 | 0.07826 | 0.07829 |
| Woodie | 0.07779 | 0.07796 | 0.07807 | 0.07824 | 0.07835 | 0.07852 | 0.07863 |
| Fibonacci | 0.07797 | 0.07808 | 0.07814 | 0.07825 | 0.07836 | 0.07842 | 0.07853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07475 | 0.07623 | 0.07730 | 0.07878 | 0.07985 | 0.08133 | 0.08240 |
| Camarilla | 0.07768 | 0.07791 | 0.07815 | 0.07838 | 0.07861 | 0.07885 | 0.07908 |
| Woodie | 0.07456 | 0.07613 | 0.07711 | 0.07868 | 0.07966 | 0.08123 | 0.08221 |
| Fibonacci | 0.07623 | 0.07720 | 0.07780 | 0.07878 | 0.07975 | 0.08035 | 0.08133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07397 | 0.07560 | 0.07689 | 0.07852 | 0.07981 | 0.08144 | 0.08273 |
| Camarilla | 0.07737 | 0.07764 | 0.07790 | 0.07817 | 0.07844 | 0.07871 | 0.07897 |
| Woodie | 0.07379 | 0.07552 | 0.07671 | 0.07844 | 0.07963 | 0.08136 | 0.08255 |
| Fibonacci | 0.07560 | 0.07672 | 0.07741 | 0.07852 | 0.07964 | 0.08033 | 0.08144 |
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): | 30.02 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -16.51295 | |
| AROON (14): | -85.71429 | |
| DEMA (21): | 0.07822 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07813 | |
| Elder Ray (13): | -0.00012 | |
| Super Trend (3,10): | 0.07873 | |
| Zig ZAG (10): | 0.07834 | |
| VORTEX (21): | 0.7435 | |
| Stochastique (14,3,5): | 19.96 | |
| TEMA (21): | 0.07812 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | -0.00012 | |
| Repulse (5,40,3): | 0.0328 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0559 | |
| Courbe Coppock: | 1.51 |
| MA7: | 0.07884 | |
| MA20: | 0.07869 | |
| MA50: | 0.07879 | |
| MA100: | 0.07751 | |
| MAexp7: | 0.07835 | |
| MAexp20: | 0.07860 | |
| MAexp50: | 0.07896 | |
| MAexp100: | 0.07905 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.76% | |
| Price / MAexp100: | -0.87% |
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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