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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 08/17/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.3866 PLN
My targets
0.3900 PLN (+0.0012)
0.3927 PLN (+0.0039)
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 0.3866 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.3900 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3927 PLN as an objective. Crossing it would then enable buyers to target 0.3967 PLN. Caution, a return under 0.3866 PLN could jeopardize the reversal.

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
0
10
2.7

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

The NOK/PLN price is 0.3888 PLN. The price has increased by +0.41% since the last closing and was between 0.3852 PLN and 0.3891 PLN. This implies that the price is at +0.93% from its lowest and at -0.08% from its highest.

0.3852
0.3891
0.3888

Here is a more detailed summary of the historical variations registered by NOK/PLN:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NOK/PLN indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

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


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.3761 0.3847 0.3866 0.3888 0.3900 0.3927 0.3967
Change (%) -3.27% -1.05% -0.57% - +0.31% +1.00% +2.03%
Change -0.0127 -0.0041 -0.0022 - +0.0012 +0.0039 +0.0079
Level Intermediate Minor Intermediate - Intermediate Minor Major



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
Standard0.38200.38410.38570.38780.38940.39150.3931
Camarilla0.38620.38650.38690.38720.38750.38790.3882
Woodie0.38170.38400.38540.38770.38910.39140.3928
Fibonacci0.38410.38560.38640.38780.38930.39010.3915


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.37000.37830.38340.39170.39680.40510.4102
Camarilla0.38470.38590.38720.38840.38960.39090.3921
Woodie0.36830.37750.38170.39090.39510.40430.4085
Fibonacci0.37830.38350.38660.39170.39690.40000.4051


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.35770.36750.38150.39130.40530.41510.4291
Camarilla0.38890.39100.39320.39540.39760.39980.4020
Woodie0.35970.36860.38350.39240.40730.41620.4311
Fibonacci0.36750.37660.38220.39130.40040.40600.4151

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): 56.23
MACD (12,26,9): -0.0003
Directional Movement: 9.7674
AROON (14): 64.2857
DEMA (21): 0.3868
Parabolic SAR (0,02-0,02-0,2): 0.3853
Elder Ray (13): 0.0005
Super Trend (3,10): 0.3889
Zig ZAG (10): 0.3884
VORTEX (21): 0.9623
Stochastique (14,3,5): 64.82
TEMA (21): 0.3870
Williams %R (14): -8.57
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.4190
ROCnROLL: -1
TRIX (15,9): -0.0212
Courbe Coppock: 0.08
MA7: 0.3906
MA20: 0.3944
MA50: 0.3890
MA100: 0.3907
MAexp7: 0.3873
MAexp20: 0.3873
MAexp50: 0.3882
MAexp100: 0.3895
Price / MA7: -0.46%
Price / MA20: -1.42%
Price / MA50: -0.05%
Price / MA100: -0.49%
Price / MAexp7: +0.39%
Price / MAexp20: +0.39%
Price / MAexp50: +0.15%
Price / MAexp100: -0.18%

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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