JPY/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYNOK
ISIN:

JPY/NOK - 1H - Technical analysis published on 12/12/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.07515 NOK

My targets

0.07582 NOK (+0.00038)

0.07620 NOK (+0.00076)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/NOK as long as the price remains well above 0.07515 NOK. The buyers' bullish objective is set at 0.07582 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.07620 NOK. If there is any crossing, the next objective would be the resistance located at 0.07669 NOK. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 price is 0.07544 NOK. The price registered an increase of +0.55% on the session with the lowest point at 0.07488 NOK and the highest point at 0.07562 NOK. The deviation from the price is +0.75% for the low point and -0.24% for the high point.

0.07488

0.07562

0.07544

Here is a more detailed summary of the historical variations registered by JPY/NOK:

The Central Records scanner for higher/lower results shows an item:

Near a 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 strongly bullish. 82.14% 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.07342	0.07403	0.07515	0.07544	0.07582	0.07620	0.07669
Change (%)	-2.68%	-1.87%	-0.38%	-	+0.50%	+1.01%	+1.66%
Change	-0.00202	-0.00141	-0.00029	-	+0.00038	+0.00076	+0.00125
Level	Minor	Minor	Major	-	Minor	Minor	Major

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	0.07383	0.07424	0.07463	0.07504	0.07543	0.07584	0.07623
Camarilla	0.07481	0.07488	0.07496	0.07503	0.07510	0.07518	0.07525
Woodie	0.07383	0.07424	0.07463	0.07504	0.07543	0.07584	0.07623
Fibonacci	0.07424	0.07454	0.07473	0.07504	0.07534	0.07553	0.07584

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06890	0.07074	0.07300	0.07484	0.07710	0.07894	0.08120
Camarilla	0.07412	0.07450	0.07487	0.07525	0.07563	0.07600	0.07638
Woodie	0.06910	0.07085	0.07320	0.07495	0.07730	0.07905	0.08140
Fibonacci	0.07074	0.07231	0.07328	0.07484	0.07641	0.07738	0.07894

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.06792	0.06959	0.07131	0.07298	0.07470	0.07637	0.07809
Camarilla	0.07211	0.07242	0.07273	0.07304	0.07335	0.07366	0.07397
Woodie	0.06796	0.06960	0.07135	0.07299	0.07474	0.07638	0.07813
Fibonacci	0.06959	0.07088	0.07168	0.07298	0.07427	0.07507	0.07637

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):	63.83
MACD (12,26,9):	0.0001
Directional Movement:	18.00225
AROON (14):	28.57143
DEMA (21):	0.07524
Parabolic SAR (0,02-0,02-0,2):	0.07492
Elder Ray (13):	0.00029
Super Trend (3,10):	0.07495
Zig ZAG (10):	0.07543
VORTEX (21):	1.1858
Stochastique (14,3,5):	87.84
TEMA (21):	0.07533
Williams %R (14):	-25.68
Chande Momentum Oscillator (20):	0.00024
Repulse (5,40,3):	0.3008
ROCnROLL:	1
TRIX (15,9):	0.0076
Courbe Coppock:	0.42

MA7:	0.07479
MA20:	0.07308
MA50:	0.07344
MA100:	0.07294
MAexp7:	0.07529
MAexp20:	0.07516
MAexp50:	0.07510
MAexp100:	0.07489
Price / MA7:	+0.87%
Price / MA20:	+3.23%
Price / MA50:	+2.72%
Price / MA100:	+3.43%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.45%
Price / MAexp100:	+0.73%

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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