NOK/MXN - 1H - Technical analysis published on 04/28/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.8912 MXN
My targets
1.9066 MXN (+0.0100)
1.9110 MXN (+0.0144)
My analysis
The bullish trend is currently very strong on NOK/MXN. As long as the price remains above the support at 1.8912 MXN, you could try to benefit from the boom. The first bullish objective is located at 1.9066 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9110 MXN as an objective. Crossing it would then enable buyers to target 1.9523 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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.
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Additional analysis
Quotes
The NOK/MXN rating is 1.8966 MXN. The price registered an increase of +1.48% on the session and was between 1.8672 MXN and 1.8966 MXN. This implies that the price is at +1.57% from its lowest and at 0% from its highest.1.8672
1.8966
1.8966
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOK/MXN in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1 (Daily)
Type : Neutral
Timeframe : 1 hour
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8813 | 1.8912 | 1.8961 | 1.8966 | 1.9066 | 1.9110 | 1.9523 |
| Change (%) | -0.81% | -0.28% | -0.03% | - | +0.53% | +0.76% | +2.94% |
| Change | -0.0153 | -0.0054 | -0.0005 | - | +0.0100 | +0.0144 | +0.0557 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8401 | 1.8537 | 1.8613 | 1.8749 | 1.8825 | 1.8961 | 1.9037 |
| Camarilla | 1.8632 | 1.8651 | 1.8671 | 1.8690 | 1.8709 | 1.8729 | 1.8748 |
| Woodie | 1.8372 | 1.8522 | 1.8584 | 1.8734 | 1.8796 | 1.8946 | 1.9008 |
| Fibonacci | 1.8537 | 1.8618 | 1.8668 | 1.8749 | 1.8830 | 1.8880 | 1.8961 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7940 | 1.8241 | 1.8465 | 1.8766 | 1.8990 | 1.9291 | 1.9515 |
| Camarilla | 1.8546 | 1.8594 | 1.8642 | 1.8690 | 1.8738 | 1.8786 | 1.8834 |
| Woodie | 1.7903 | 1.8222 | 1.8428 | 1.8747 | 1.8953 | 1.9272 | 1.9478 |
| Fibonacci | 1.8241 | 1.8441 | 1.8565 | 1.8766 | 1.8966 | 1.9090 | 1.9291 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7226 | 1.7709 | 1.8595 | 1.9078 | 1.9964 | 2.0447 | 2.1333 |
| Camarilla | 1.9104 | 1.9229 | 1.9355 | 1.9480 | 1.9606 | 1.9731 | 1.9857 |
| Woodie | 1.7427 | 1.7810 | 1.8796 | 1.9179 | 2.0165 | 2.0548 | 2.1534 |
| Fibonacci | 1.7709 | 1.8232 | 1.8555 | 1.9078 | 1.9601 | 1.9924 | 2.0447 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.86 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 14.9357 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.8873 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8748 | |
| Elder Ray (13): | 0.0095 | |
| Super Trend (3,10): | 1.8776 | |
| Zig ZAG (10): | 1.8958 | |
| VORTEX (21): | 1.2232 | |
| Stochastique (14,3,5): | 94.11 | |
| TEMA (21): | 1.8921 | |
| Williams %R (14): | -1.72 | |
| Chande Momentum Oscillator (20): | 0.0218 | |
| Repulse (5,40,3): | 0.3356 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0152 | |
| Courbe Coppock: | 1.95 |
| MA7: | 1.8819 | |
| MA20: | 1.8976 | |
| MA50: | 1.8847 | |
| MA100: | 1.8478 | |
| MAexp7: | 1.8898 | |
| MAexp20: | 1.8824 | |
| MAexp50: | 1.8793 | |
| MAexp100: | 1.8802 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +0.87% |
Quotes :
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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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