NOK/PLN - 1H - Technical analysis published on 07/18/2022 (GMT)
- 163
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 0.4669 PLN
My targets
0.4644 PLN (-0.0014)
0.4609 PLN (-0.0049)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOK/PLN as long as the price remains well below 0.4669 PLN. The sellers' bearish objective is set at 0.4644 PLN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.4609 PLN. In case of crossing, the next objective would be the support located at 0.4580 PLN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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
NOK/PLN rating 0.4658 PLN. The price registered an increase of +0.13% on the session with the lowest point at 0.4648 PLN and the highest point at 0.4662 PLN. The deviation from the price is +0.22% for the low point and -0.09% for the high point.0.4648
0.4662
0.4658
A study of price movements over other periods shows the following variations:
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 NOK/PLN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.4580 | 0.4609 | 0.4644 | 0.4658 | 0.4669 | 0.4690 | 0.4705 |
| Change (%) | -1.67% | -1.05% | -0.30% | - | +0.24% | +0.69% | +1.01% |
| Change | -0.0078 | -0.0049 | -0.0014 | - | +0.0011 | +0.0032 | +0.0047 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4603 | 0.4619 | 0.4635 | 0.4651 | 0.4667 | 0.4683 | 0.4699 |
| Camarilla | 0.4643 | 0.4646 | 0.4649 | 0.4652 | 0.4655 | 0.4658 | 0.4661 |
| Woodie | 0.4604 | 0.4619 | 0.4636 | 0.4651 | 0.4668 | 0.4683 | 0.4700 |
| Fibonacci | 0.4619 | 0.4631 | 0.4638 | 0.4651 | 0.4663 | 0.4670 | 0.4683 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4524 | 0.4579 | 0.4620 | 0.4675 | 0.4716 | 0.4771 | 0.4812 |
| Camarilla | 0.4635 | 0.4643 | 0.4652 | 0.4661 | 0.4670 | 0.4679 | 0.4687 |
| Woodie | 0.4517 | 0.4576 | 0.4613 | 0.4672 | 0.4709 | 0.4768 | 0.4805 |
| Fibonacci | 0.4579 | 0.4616 | 0.4638 | 0.4675 | 0.4712 | 0.4734 | 0.4771 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4319 | 0.4375 | 0.4466 | 0.4522 | 0.4613 | 0.4669 | 0.4760 |
| Camarilla | 0.4516 | 0.4529 | 0.4543 | 0.4556 | 0.4570 | 0.4583 | 0.4596 |
| Woodie | 0.4336 | 0.4384 | 0.4483 | 0.4531 | 0.4630 | 0.4678 | 0.4777 |
| Fibonacci | 0.4375 | 0.4432 | 0.4466 | 0.4522 | 0.4579 | 0.4613 | 0.4669 |
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): | 40.01 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -9.3973 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.4650 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4667 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 0.4687 | |
| Zig ZAG (10): | 0.4653 | |
| VORTEX (21): | 0.8585 | |
| Stochastique (14,3,5): | 39.28 | |
| TEMA (21): | 0.4647 | |
| Williams %R (14): | -51.28 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0257 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0305 | |
| Courbe Coppock: | 0.82 |
| MA7: | 0.4677 | |
| MA20: | 0.4601 | |
| MA50: | 0.4551 | |
| MA100: | 0.4691 | |
| MAexp7: | 0.4654 | |
| MAexp20: | 0.4663 | |
| MAexp50: | 0.4677 | |
| MAexp100: | 0.4678 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | +2.35% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.49% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NOK/PLN - 1H