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NOK/PLN
NOK PLN
- PLN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NOKPLN
ISIN:

NOK/PLN - 1H - Technical analysis published on 09/27/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.4605 PLN
My targets
0.4636 PLN (+0.0023)
0.4648 PLN (+0.0035)
My analysis
The strong short-term increase in NOK/PLN calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.4605 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.4636 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.4648 PLN as an objective. Crossing it would then enable buyers to target 0.4714 PLN. Caution, a return under 0.4605 PLN could jeopardize the reversal.

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
2.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NOK/PLN rating 0.4613 PLN. On the day, this instrument gained +0.68% and was traded between 0.4578 PLN and 0.4621 PLN over the period. The price is currently at +0.76% from its lowest and -0.17% from its highest.

0.4578
0.4621
0.4613

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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


Technical analysis of NOK/PLN in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.4523 0.4580 0.4605 0.4613 0.4636 0.4648 0.4714
Change (%) -1.95% -0.72% -0.17% - +0.50% +0.76% +2.19%
Change -0.0090 -0.0033 -0.0008 - +0.0023 +0.0035 +0.0101
Level Minor Intermediate Minor - Major Intermediate Minor



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
Standard0.44540.45060.45440.45960.46340.46860.4724
Camarilla0.45570.45660.45740.45820.45900.45990.4607
Woodie0.44470.45030.45370.45930.46270.46830.4717
Fibonacci0.45060.45400.45620.45960.46300.46520.4686


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.44100.44890.45550.46340.47000.47790.4845
Camarilla0.45800.45930.46070.46200.46330.46470.4660
Woodie0.44030.44860.45480.46310.46930.47760.4838
Fibonacci0.44890.45450.45790.46340.46900.47240.4779


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.43300.45060.46170.47930.49040.50800.5191
Camarilla0.46480.46740.47010.47270.47530.47800.4806
Woodie0.42970.44900.45840.47770.48710.50640.5158
Fibonacci0.45060.46160.46840.47930.49030.49710.5080

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): 58.21
MACD (12,26,9): 0.0003
Directional Movement: 7.2394
AROON (14): 78.5714
DEMA (21): 0.4598
Parabolic SAR (0,02-0,02-0,2): 0.4620
Elder Ray (13): 0.0006
Super Trend (3,10): 0.4581
Zig ZAG (10): 0.4611
VORTEX (21): 1.1382
Stochastique (14,3,5): 52.22
TEMA (21): 0.4607
Williams %R (14): -25.64
Chande Momentum Oscillator (20): 0.0025
Repulse (5,40,3): 0.3027
ROCnROLL: 1
TRIX (15,9): -0.0020
Courbe Coppock: 1.07
MA7: 0.4619
MA20: 0.4675
MA50: 0.4739
MA100: 0.4645
MAexp7: 0.4603
MAexp20: 0.4597
MAexp50: 0.4603
MAexp100: 0.4615
Price / MA7: -0.13%
Price / MA20: -1.33%
Price / MA50: -2.66%
Price / MA100: -0.69%
Price / MAexp7: +0.22%
Price / MAexp20: +0.35%
Price / MAexp50: +0.22%
Price / MAexp100: -0.04%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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