NOK/PLN - 1H - Technical analysis published on 10/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.3928 PLN
My targets
0.3905 PLN (-0.0019)
0.3857 PLN (-0.0067)
My analysis
The bearish basic trend is very strong on NOK/PLN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.3928 PLN. Crossing the first support at 0.3905 PLN would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.3857 PLN as an objective. Crossing it would then enable sellers to target 0.3851 PLN. Caution, a return to above the resistance located at 0.3928 PLN would be a sign of a possible consolidation phase of 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/PLN rating is 0.3924 PLN. On the day, this instrument lost -0.03% with the lowest point at 0.3919 PLN and the highest point at 0.3938 PLN. The deviation from the price is +0.13% for the low point and -0.36% for the high point.0.3919
0.3938
0.3924
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.3851 | 0.3905 | 0.3922 | 0.3924 | 0.3967 | 0.4013 | 0.4062 |
| Change (%) | -1.86% | -0.48% | -0.05% | - | +1.10% | +2.27% | +3.52% |
| Change | -0.0073 | -0.0019 | -0.0002 | - | +0.0043 | +0.0089 | +0.0138 |
| Level | Intermediate | Minor | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3864 | 0.3893 | 0.3909 | 0.3938 | 0.3954 | 0.3983 | 0.3999 |
| Camarilla | 0.3913 | 0.3917 | 0.3921 | 0.3925 | 0.3929 | 0.3933 | 0.3937 |
| Woodie | 0.3858 | 0.3890 | 0.3903 | 0.3935 | 0.3948 | 0.3980 | 0.3993 |
| Fibonacci | 0.3893 | 0.3910 | 0.3921 | 0.3938 | 0.3955 | 0.3966 | 0.3983 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3765 | 0.3857 | 0.3911 | 0.4003 | 0.4057 | 0.4149 | 0.4203 |
| Camarilla | 0.3924 | 0.3937 | 0.3951 | 0.3964 | 0.3977 | 0.3991 | 0.4004 |
| Woodie | 0.3745 | 0.3848 | 0.3891 | 0.3994 | 0.4037 | 0.4140 | 0.4183 |
| Fibonacci | 0.3857 | 0.3913 | 0.3948 | 0.4003 | 0.4059 | 0.4094 | 0.4149 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3668 | 0.3769 | 0.3928 | 0.4029 | 0.4188 | 0.4289 | 0.4448 |
| Camarilla | 0.4016 | 0.4039 | 0.4063 | 0.4087 | 0.4111 | 0.4135 | 0.4159 |
| Woodie | 0.3697 | 0.3784 | 0.3957 | 0.4044 | 0.4217 | 0.4304 | 0.4477 |
| Fibonacci | 0.3769 | 0.3868 | 0.3930 | 0.4029 | 0.4128 | 0.4190 | 0.4289 |
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): | 43.32 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 3.3972 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.3924 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3933 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.3942 | |
| Zig ZAG (10): | 0.3925 | |
| VORTEX (21): | 0.9805 | |
| Stochastique (14,3,5): | 29.82 | |
| TEMA (21): | 0.3926 | |
| Williams %R (14): | -73.68 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0351 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0105 | |
| Courbe Coppock: | 0.18 |
| MA7: | 0.3963 | |
| MA20: | 0.4016 | |
| MA50: | 0.3964 | |
| MA100: | 0.3914 | |
| MAexp7: | 0.3926 | |
| MAexp20: | 0.3928 | |
| MAexp50: | 0.3937 | |
| MAexp100: | 0.3954 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.73% |
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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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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