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 08/23/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 0.07515 NOK

My targets

0.07261 NOK (-0.00068)

0.07101 NOK (-0.00228)

My analysis

In a bearish trend, the price of JPY/NOK tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.07515 NOK. A bearish break in the support located at 0.07261 NOK would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.07101 NOK. Then 0.06841 NOK by extension. It would be safer to wait for a bearish break in the support located at 0.07261 NOK before allowing yourself to re trade short positions (for sale) on JPY/NOK. PS: if there is a bullish break in the resistance located at 0.07515 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

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 0.07329 NOK. The price registered an increase of +0.54% on the session with the lowest point at 0.07272 NOK and the highest point at 0.07334 NOK. The deviation from the price is +0.78% for the low point and -0.07% for the high point.

0.07272

0.07334

0.07329

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

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 bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.06841	0.07101	0.07261	0.07329	0.07338	0.07515	0.07767
Change (%)	-6.66%	-3.11%	-0.93%	-	+0.12%	+2.54%	+5.98%
Change	-0.00488	-0.00228	-0.00068	-	+0.00009	+0.00186	+0.00438
Level	Major	Major	Minor	-	Intermediate	Major	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
Standard	0.07192	0.07215	0.07252	0.07275	0.07312	0.07335	0.07372
Camarilla	0.07274	0.07279	0.07285	0.07290	0.07296	0.07301	0.07307
Woodie	0.07200	0.07219	0.07260	0.07279	0.07320	0.07339	0.07380
Fibonacci	0.07215	0.07238	0.07252	0.07275	0.07298	0.07312	0.07335

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.07050	0.07112	0.07216	0.07278	0.07382	0.07444	0.07548
Camarilla	0.07274	0.07290	0.07305	0.07320	0.07335	0.07350	0.07366
Woodie	0.07071	0.07123	0.07237	0.07289	0.07403	0.07455	0.07569
Fibonacci	0.07112	0.07175	0.07215	0.07278	0.07341	0.07381	0.07444

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06489	0.06778	0.06948	0.07237	0.07407	0.07696	0.07866
Camarilla	0.06992	0.07034	0.07076	0.07118	0.07160	0.07202	0.07244
Woodie	0.06430	0.06748	0.06889	0.07207	0.07348	0.07666	0.07807
Fibonacci	0.06778	0.06953	0.07062	0.07237	0.07412	0.07521	0.07696

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):	55.24
MACD (12,26,9):	0.0000
Directional Movement:	7.48115
AROON (14):	50.00000
DEMA (21):	0.07219
Parabolic SAR (0,02-0,02-0,2):	0.07065
Elder Ray (13):	0.00049
Super Trend (3,10):	0.07403
Zig ZAG (10):	0.07318
VORTEX (21):	1.0924
Stochastique (14,3,5):	84.36
TEMA (21):	0.07289
Williams %R (14):	-5.21
Chande Momentum Oscillator (20):	0.00206
Repulse (5,40,3):	0.6178
ROCnROLL:	-1
TRIX (15,9):	-0.0606
Courbe Coppock:	3.00

MA7:	0.07279
MA20:	0.07207
MA50:	0.07303
MA100:	0.07584
MAexp7:	0.07275
MAexp20:	0.07240
MAexp50:	0.07334
MAexp100:	0.07458
Price / MA7:	+0.69%
Price / MA20:	+1.69%
Price / MA50:	+0.36%
Price / MA100:	-3.36%
Price / MAexp7:	+0.74%
Price / MAexp20:	+1.23%
Price / MAexp50:	-0.07%
Price / MAexp100:	-1.73%

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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