JPY/NOK - 1H - Technical analysis published on 10/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.07233 NOK
My targets
0.07152 NOK (-0.00038)
0.07081 NOK (-0.00109)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.07233 NOK remains possible. It is advisable to trade JPY/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.07233 NOK. The next bearish objective for sellers is set at 0.07152 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.07081 NOK. In case of crossing, the next objective would be the support located at 0.06970 NOK. PS: if there is a bullish break in the resistance located at 0.07233 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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 0.07190 NOK. The price has increased by +0.22% since the last closing and was traded between 0.07164 NOK and 0.07203 NOK over the period. The price is currently at +0.36% from its lowest and -0.18% from its highest.0.07164
0.07203
0.07190
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/NOK chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.06970 | 0.07152 | 0.07185 | 0.07190 | 0.07233 | 0.07267 | 0.07390 |
| Change (%) | -3.06% | -0.53% | -0.07% | - | +0.60% | +1.07% | +2.78% |
| Change | -0.00220 | -0.00038 | -0.00005 | - | +0.00043 | +0.00077 | +0.00200 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.07072 | 0.07119 | 0.07146 | 0.07193 | 0.07220 | 0.07267 | 0.07294 |
| Camarilla | 0.07154 | 0.07160 | 0.07167 | 0.07174 | 0.07181 | 0.07188 | 0.07194 |
| Woodie | 0.07063 | 0.07114 | 0.07137 | 0.07188 | 0.07211 | 0.07262 | 0.07285 |
| Fibonacci | 0.07119 | 0.07147 | 0.07164 | 0.07193 | 0.07221 | 0.07238 | 0.07267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.07012 | 0.07081 | 0.07128 | 0.07197 | 0.07244 | 0.07313 | 0.07360 |
| Camarilla | 0.07142 | 0.07153 | 0.07163 | 0.07174 | 0.07185 | 0.07195 | 0.07206 |
| Woodie | 0.07000 | 0.07076 | 0.07116 | 0.07192 | 0.07232 | 0.07308 | 0.07348 |
| Fibonacci | 0.07081 | 0.07126 | 0.07153 | 0.07197 | 0.07242 | 0.07269 | 0.07313 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06581 | 0.06886 | 0.07113 | 0.07418 | 0.07645 | 0.07950 | 0.08177 |
| Camarilla | 0.07193 | 0.07242 | 0.07290 | 0.07339 | 0.07388 | 0.07437 | 0.07485 |
| Woodie | 0.06541 | 0.06867 | 0.07073 | 0.07399 | 0.07605 | 0.07931 | 0.08137 |
| Fibonacci | 0.06886 | 0.07090 | 0.07215 | 0.07418 | 0.07622 | 0.07747 | 0.07950 |
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): | 46.49 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -9.90944 | |
| AROON (14): | -14.28571 | |
| DEMA (21): | 0.07182 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.07171 | |
| Elder Ray (13): | -0.00003 | |
| Super Trend (3,10): | 0.07210 | |
| Zig ZAG (10): | 0.07187 | |
| VORTEX (21): | 0.8599 | |
| Stochastique (14,3,5): | 53.85 | |
| TEMA (21): | 0.07183 | |
| Williams %R (14): | -41.03 | |
| Chande Momentum Oscillator (20): | 0.00014 | |
| Repulse (5,40,3): | -0.0196 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.22 |
| MA7: | 0.07198 | |
| MA20: | 0.07280 | |
| MA50: | 0.07331 | |
| MA100: | 0.07078 | |
| MAexp7: | 0.07186 | |
| MAexp20: | 0.07190 | |
| MAexp50: | 0.07201 | |
| MAexp100: | 0.07212 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | +1.58% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.31% |
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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