JPY/NOK - 1H - Technical analysis published on 07/06/2023 (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 bullish
Underlying:
Slightly bearish
Technical indicators
44%
28%
28%
My opinion
Bullish above 0.07347 NOK
My targets
0.07469 NOK (+0.00075)
0.07515 NOK (+0.00121)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for JPY/NOK as long as the price remains well above 0.07347 NOK. The buyers' bullish objective is set at 0.07469 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07515 NOK. If there is any crossing, the next objective would be the resistance located at 0.07565 NOK. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.07469 NOK. On this resistance, against the trend traders who would like to go short on JPY/NOK with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3
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Additional analysis
Quotes
The JPY/NOK rating is 0.07394 NOK. On the day, this instrument gained +0.04% and was between 0.07390 NOK and 0.07396 NOK. This implies that the price is at +0.05% from its lowest and at -0.03% from its highest.0.07390
0.07396
0.07394
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
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/NOK indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 0.07260 | 0.07347 | 0.07392 | 0.07394 | 0.07515 | 0.07565 | 0.07625 |
| Change (%) | -1.81% | -0.64% | -0.03% | - | +1.64% | +2.31% | +3.12% |
| Change | -0.00134 | -0.00047 | -0.00002 | - | +0.00121 | +0.00171 | +0.00231 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07235 | 0.07284 | 0.07337 | 0.07386 | 0.07439 | 0.07488 | 0.07541 |
| Camarilla | 0.07363 | 0.07372 | 0.07382 | 0.07391 | 0.07400 | 0.07410 | 0.07419 |
| Woodie | 0.07238 | 0.07285 | 0.07340 | 0.07387 | 0.07442 | 0.07489 | 0.07544 |
| Fibonacci | 0.07284 | 0.07323 | 0.07347 | 0.07386 | 0.07425 | 0.07449 | 0.07488 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07191 | 0.07292 | 0.07368 | 0.07469 | 0.07545 | 0.07646 | 0.07722 |
| Camarilla | 0.07396 | 0.07413 | 0.07429 | 0.07445 | 0.07461 | 0.07478 | 0.07494 |
| Woodie | 0.07180 | 0.07286 | 0.07357 | 0.07463 | 0.07534 | 0.07640 | 0.07711 |
| Fibonacci | 0.07292 | 0.07359 | 0.07401 | 0.07469 | 0.07536 | 0.07578 | 0.07646 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06552 | 0.06970 | 0.07207 | 0.07625 | 0.07862 | 0.08280 | 0.08517 |
| Camarilla | 0.07265 | 0.07325 | 0.07385 | 0.07445 | 0.07505 | 0.07565 | 0.07625 |
| Woodie | 0.06463 | 0.06925 | 0.07118 | 0.07580 | 0.07773 | 0.08235 | 0.08428 |
| Fibonacci | 0.06970 | 0.07220 | 0.07375 | 0.07625 | 0.07875 | 0.08030 | 0.08280 |
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): | 54.86 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 15.20454 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 0.07387 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07376 | |
| Elder Ray (13): | 0.00010 | |
| Super Trend (3,10): | 0.07348 | |
| Zig ZAG (10): | 0.07393 | |
| VORTEX (21): | 1.0433 | |
| Stochastique (14,3,5): | 42.47 | |
| TEMA (21): | 0.07391 | |
| Williams %R (14): | -56.16 | |
| Chande Momentum Oscillator (20): | -0.00012 | |
| Repulse (5,40,3): | -0.0943 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.07432 | |
| MA20: | 0.07529 | |
| MA50: | 0.07745 | |
| MA100: | 0.07789 | |
| MAexp7: | 0.07388 | |
| MAexp20: | 0.07384 | |
| MAexp50: | 0.07388 | |
| MAexp100: | 0.07405 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | -4.53% | |
| Price / MA100: | -5.07% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
-
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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