NOK/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NOKMXN
ISIN:

NOK/MXN - 1H - Technical analysis published on 02/24/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

44%

My opinion

Bullish above 1.8380 MXN

My targets

1.8461 MXN (+0.0047)

1.8774 MXN (+0.0360)

My analysis

The bullish trend is currently very strong on NOK/MXN. As long as the price remains above the support at 1.8380 MXN, you could try to benefit from the boom. The first bullish objective is located at 1.8461 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.8774 MXN as an objective. Crossing it would then enable buyers to target 1.8912 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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 NOK/MXN rating is 1.8414 MXN. The price has increased by +0.51% since the last closing with the lowest point at 1.8281 MXN and the highest point at 1.8438 MXN. The deviation from the price is +0.73% for the low point and -0.13% for the high point.

1.8281

1.8438

1.8414

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NOK/MXN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

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	1.8294	1.8344	1.8380	1.8414	1.8418	1.8461	1.8912
Change (%)	-0.65%	-0.38%	-0.18%	-	+0.02%	+0.26%	+2.70%
Change	-0.0120	-0.0070	-0.0034	-	+0.0004	+0.0047	+0.0498
Level	Minor	Intermediate	Minor	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8169	1.8215	1.8267	1.8313	1.8365	1.8411	1.8463
Camarilla	1.8293	1.8302	1.8311	1.8320	1.8329	1.8338	1.8347
Woodie	1.8173	1.8217	1.8271	1.8315	1.8369	1.8413	1.8467
Fibonacci	1.8215	1.8252	1.8275	1.8313	1.8350	1.8373	1.8411

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7826	1.7964	1.8142	1.8280	1.8458	1.8596	1.8774
Camarilla	1.8233	1.8262	1.8291	1.8320	1.8349	1.8378	1.8407
Woodie	1.7846	1.7974	1.8162	1.8290	1.8478	1.8606	1.8794
Fibonacci	1.7964	1.8085	1.8159	1.8280	1.8401	1.8475	1.8596

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7331	1.7592	1.7922	1.8183	1.8513	1.8774	1.9104
Camarilla	1.8091	1.8145	1.8199	1.8253	1.8307	1.8361	1.8416
Woodie	1.7367	1.7609	1.7958	1.8200	1.8549	1.8791	1.9140
Fibonacci	1.7592	1.7817	1.7957	1.8183	1.8408	1.8548	1.8774

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):	57.83
MACD (12,26,9):	0.0018
Directional Movement:	-1.5013
AROON (14):	42.8571
DEMA (21):	1.8403
Parabolic SAR (0,02-0,02-0,2):	1.8433
Elder Ray (13):	0.0009
Super Trend (3,10):	1.8289
Zig ZAG (10):	1.8405
VORTEX (21):	1.0628
Stochastique (14,3,5):	56.36
TEMA (21):	1.8410
Williams %R (14):	-29.41
Chande Momentum Oscillator (20):	0.0064
Repulse (5,40,3):	0.1636
ROCnROLL:	1
TRIX (15,9):	0.0152
Courbe Coppock:	0.55

MA7:	1.8299
MA20:	1.8266
MA50:	1.8130
MA100:	1.8204
MAexp7:	1.8396
MAexp20:	1.8379
MAexp50:	1.8351
MAexp100:	1.8328
Price / MA7:	+0.63%
Price / MA20:	+0.81%
Price / MA50:	+1.57%
Price / MA100:	+1.15%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.18%
Price / MAexp50:	+0.34%
Price / MAexp100:	+0.46%

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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