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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 09/13/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.4047 PLN
My targets
0.4104 PLN (+0.0028)
0.4131 PLN (+0.0055)
My analysis
The basic bullish trend is very strong on NOK/PLN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.4047 PLN. Crossing the first resistance at 0.4104 PLN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.4131 PLN as an objective. Crossing it would then enable buyers to target 0.4167 PLN. Caution, a return to below 0.4047 PLN would be a sign of a consolidation phase in the short-term basic trend. 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
7.1

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 0.4076 PLN. The price registered an increase of +0.49% on the session with the lowest point at 0.4051 PLN and the highest point at 0.4079 PLN. The deviation from the price is +0.62% for the low point and -0.07% for the high point.

0.4051
0.4079
0.4076

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NOK/PLN:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NOK/PLN in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

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


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

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



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.3990 0.4047 0.4073 0.4076 0.4104 0.4167 0.4231
Change (%) -2.11% -0.71% -0.07% - +0.69% +2.23% +3.80%
Change -0.0086 -0.0029 -0.0003 - +0.0028 +0.0091 +0.0155
Level Minor Intermediate Minor - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.39770.40120.40340.40690.40910.41260.4148
Camarilla0.40400.40460.40510.40560.40610.40670.4072
Woodie0.39710.40090.40280.40660.40850.41230.4142
Fibonacci0.40120.40340.40470.40690.40910.41040.4126


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.37440.38070.39240.39870.41040.41670.4284
Camarilla0.39920.40080.40250.40410.40580.40740.4091
Woodie0.37710.38210.39510.40010.41310.41810.4311
Fibonacci0.38070.38760.39180.39870.40560.40980.4167


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.36570.37500.38150.39080.39730.40660.4131
Camarilla0.38370.38510.38660.38800.38950.39090.3924
Woodie0.36430.37430.38010.39010.39590.40590.4117
Fibonacci0.37500.38100.38480.39080.39680.40060.4066

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): 60.65
MACD (12,26,9): -0.0001
Directional Movement: 11.1947
AROON (14): 28.5714
DEMA (21): 0.4061
Parabolic SAR (0,02-0,02-0,2): 0.4083
Elder Ray (13): 0.0004
Super Trend (3,10): 0.4079
Zig ZAG (10): 0.4073
VORTEX (21): 0.8722
Stochastique (14,3,5): 49.56
TEMA (21): 0.4058
Williams %R (14): -8.00
Chande Momentum Oscillator (20): 0.0015
Repulse (5,40,3): 0.5838
ROCnROLL: 1
TRIX (15,9): -0.0029
Courbe Coppock: 0.52
MA7: 0.4022
MA20: 0.3925
MA50: 0.3931
MA100: 0.3885
MAexp7: 0.4063
MAexp20: 0.4061
MAexp50: 0.4057
MAexp100: 0.4035
Price / MA7: +1.34%
Price / MA20: +3.85%
Price / MA50: +3.69%
Price / MA100: +4.92%
Price / MAexp7: +0.32%
Price / MAexp20: +0.37%
Price / MAexp50: +0.47%
Price / MAexp100: +1.02%

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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