NOK/PLN - 1H - Technical analysis published on 01/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.3834 PLN
My targets
0.3852 PLN (+0.0013)
0.3865 PLN (+0.0026)
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 0.3834 PLN, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.3852 PLN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3865 PLN as an objective. Crossing it would then enable buyers to target 0.3880 PLN. Caution, a return under 0.3834 PLN could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.9
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Additional analysis
Quotes
NOK/PLN rating 0.3839 PLN. The price has increased by +0.55% since the last closing and was between 0.3810 PLN and 0.3847 PLN. This implies that the price is at +0.76% from its lowest and at -0.21% from its highest.0.3810
0.3847
0.3839
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NOK/PLN chart shows a 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.3761 | 0.3807 | 0.3837 | 0.3839 | 0.3852 | 0.3865 | 0.3880 |
| Change (%) | -2.03% | -0.83% | -0.05% | - | +0.34% | +0.68% | +1.07% |
| Change | -0.0078 | -0.0032 | -0.0002 | - | +0.0013 | +0.0026 | +0.0041 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3741 | 0.3774 | 0.3796 | 0.3829 | 0.3851 | 0.3884 | 0.3906 |
| Camarilla | 0.3803 | 0.3808 | 0.3813 | 0.3818 | 0.3823 | 0.3828 | 0.3833 |
| Woodie | 0.3736 | 0.3771 | 0.3791 | 0.3826 | 0.3846 | 0.3881 | 0.3901 |
| Fibonacci | 0.3774 | 0.3795 | 0.3808 | 0.3829 | 0.3850 | 0.3863 | 0.3884 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3783 | 0.3810 | 0.3834 | 0.3861 | 0.3885 | 0.3912 | 0.3936 |
| Camarilla | 0.3845 | 0.3850 | 0.3854 | 0.3859 | 0.3864 | 0.3868 | 0.3873 |
| Woodie | 0.3783 | 0.3809 | 0.3834 | 0.3860 | 0.3885 | 0.3911 | 0.3936 |
| Fibonacci | 0.3810 | 0.3829 | 0.3841 | 0.3861 | 0.3880 | 0.3892 | 0.3912 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3473 | 0.3558 | 0.3714 | 0.3799 | 0.3955 | 0.4040 | 0.4196 |
| Camarilla | 0.3803 | 0.3825 | 0.3847 | 0.3869 | 0.3891 | 0.3913 | 0.3935 |
| Woodie | 0.3508 | 0.3576 | 0.3749 | 0.3817 | 0.3990 | 0.4058 | 0.4231 |
| Fibonacci | 0.3558 | 0.3650 | 0.3707 | 0.3799 | 0.3891 | 0.3948 | 0.4040 |
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): | 58.43 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 6.3901 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.3829 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3824 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 0.3814 | |
| Zig ZAG (10): | 0.3839 | |
| VORTEX (21): | 1.1325 | |
| Stochastique (14,3,5): | 72.07 | |
| TEMA (21): | 0.3836 | |
| Williams %R (14): | -24.32 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.1342 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.79 |
| MA7: | 0.3851 | |
| MA20: | 0.3810 | |
| MA50: | 0.3757 | |
| MA100: | 0.3849 | |
| MAexp7: | 0.3834 | |
| MAexp20: | 0.3828 | |
| MAexp50: | 0.3832 | |
| MAexp100: | 0.3840 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +2.18% | |
| Price / MA100: | -0.26% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | -0.03% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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