NOK/PLN - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.3677 PLN
My targets
0.3642 PLN (-0.0024)
0.3604 PLN (-0.0062)
My analysis
The bearish trend is currently very strong for NOK/PLN. As long as the price remains below the resistance at 0.3677 PLN, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.3642 PLN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.3604 PLN as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
6.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOK/PLN price is 0.3666 PLN. On the day, this instrument lost -0.06% and was traded between 0.3659 PLN and 0.3677 PLN over the period. The price is currently at +0.19% from its lowest and -0.30% from its highest.0.3659
0.3677
0.3666
Here is a more detailed summary of the historical variations registered by NOK/PLN:
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
Technical
A technical analysis in 1H of this NOK/PLN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.3604 | 0.3664 | 0.3666 | 0.3677 | 0.3701 | 0.3717 |
| Change (%) | -1.69% | -0.05% | - | +0.30% | +0.95% | +1.39% |
| Change | -0.0062 | -0.0002 | - | +0.0011 | +0.0035 | +0.0051 |
| Level | Major | Major | - | Minor | 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 | 0.3638 | 0.3653 | 0.3660 | 0.3675 | 0.3682 | 0.3697 | 0.3704 |
| Camarilla | 0.3662 | 0.3664 | 0.3666 | 0.3668 | 0.3670 | 0.3672 | 0.3674 |
| Woodie | 0.3635 | 0.3651 | 0.3657 | 0.3673 | 0.3679 | 0.3695 | 0.3701 |
| Fibonacci | 0.3653 | 0.3661 | 0.3666 | 0.3675 | 0.3683 | 0.3688 | 0.3697 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3560 | 0.3612 | 0.3642 | 0.3694 | 0.3724 | 0.3776 | 0.3806 |
| Camarilla | 0.3649 | 0.3656 | 0.3664 | 0.3671 | 0.3679 | 0.3686 | 0.3694 |
| Woodie | 0.3548 | 0.3607 | 0.3630 | 0.3689 | 0.3712 | 0.3771 | 0.3794 |
| Fibonacci | 0.3612 | 0.3644 | 0.3663 | 0.3694 | 0.3726 | 0.3745 | 0.3776 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3476 | 0.3564 | 0.3624 | 0.3712 | 0.3772 | 0.3860 | 0.3920 |
| Camarilla | 0.3643 | 0.3657 | 0.3670 | 0.3684 | 0.3698 | 0.3711 | 0.3725 |
| Woodie | 0.3462 | 0.3557 | 0.3610 | 0.3705 | 0.3758 | 0.3853 | 0.3906 |
| Fibonacci | 0.3564 | 0.3621 | 0.3656 | 0.3712 | 0.3769 | 0.3804 | 0.3860 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.29 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.5917 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.3665 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.3673 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.3682 | |
| Zig ZAG (10): | 0.3666 | |
| VORTEX (21): | 0.9344 | |
| Stochastique (14,3,5): | 48.15 | |
| TEMA (21): | 0.3666 | |
| Williams %R (14): | -61.11 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0544 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.13 |
| MA7: | 0.3680 | |
| MA20: | 0.3684 | |
| MA50: | 0.3723 | |
| MA100: | 0.3769 | |
| MAexp7: | 0.3667 | |
| MAexp20: | 0.3669 | |
| MAexp50: | 0.3674 | |
| MAexp100: | 0.3679 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -1.53% | |
| Price / MA100: | -2.73% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.35% |
Quotes :
-
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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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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