NOK/ZAR - 1H - Technical analysis published on 09/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
17%
39%
44%
My opinion
Neutral between 1.7604 ZAR and 1.7803 ZAR
My targets
-
My analysis
There is no basic trend for NOK/ZAR and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 1.7604 ZAR. The first resistance is located at 1.7803 ZAR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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/ZAR rating is 1.7683 ZAR. On the day, this instrument lost -0.05% and was traded between 1.7637 ZAR and 1.7823 ZAR over the period. The price is currently at +0.26% from its lowest and -0.79% from its highest.1.7637
1.7823
1.7683
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
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
Technical analysis of this 1H chart of NOK/ZAR indicates that the overall trend is not clearly defined. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
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 | 1.7524 | 1.7604 | 1.7671 | 1.7683 | 1.7803 | 1.7896 | 1.7973 |
| Change (%) | -0.90% | -0.45% | -0.07% | - | +0.68% | +1.20% | +1.64% |
| Change | -0.0159 | -0.0079 | -0.0012 | - | +0.0120 | +0.0213 | +0.0290 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 1.7275 | 1.7471 | 1.7581 | 1.7777 | 1.7887 | 1.8083 | 1.8193 |
| Camarilla | 1.7607 | 1.7635 | 1.7663 | 1.7691 | 1.7719 | 1.7747 | 1.7775 |
| Woodie | 1.7232 | 1.7450 | 1.7538 | 1.7756 | 1.7844 | 1.8062 | 1.8150 |
| Fibonacci | 1.7471 | 1.7588 | 1.7660 | 1.7777 | 1.7894 | 1.7966 | 1.8083 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7013 | 1.7193 | 1.7321 | 1.7501 | 1.7629 | 1.7809 | 1.7937 |
| Camarilla | 1.7365 | 1.7394 | 1.7422 | 1.7450 | 1.7478 | 1.7507 | 1.7535 |
| Woodie | 1.6988 | 1.7180 | 1.7296 | 1.7488 | 1.7604 | 1.7796 | 1.7912 |
| Fibonacci | 1.7193 | 1.7310 | 1.7383 | 1.7501 | 1.7618 | 1.7691 | 1.7809 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5660 | 1.6448 | 1.7097 | 1.7885 | 1.8534 | 1.9322 | 1.9971 |
| Camarilla | 1.7350 | 1.7482 | 1.7613 | 1.7745 | 1.7877 | 1.8009 | 1.8140 |
| Woodie | 1.5590 | 1.6413 | 1.7027 | 1.7850 | 1.8464 | 1.9287 | 1.9901 |
| Fibonacci | 1.6448 | 1.6997 | 1.7336 | 1.7885 | 1.8434 | 1.8773 | 1.9322 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.43 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -4.4917 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.7708 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7799 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.7839 | |
| Zig ZAG (10): | 1.7712 | |
| VORTEX (21): | 1.0028 | |
| Stochastique (14,3,5): | 39.78 | |
| TEMA (21): | 1.7704 | |
| Williams %R (14): | -63.98 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | -0.0058 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0115 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.7608 | |
| MA20: | 1.7693 | |
| MA50: | 1.7783 | |
| MA100: | 1.7685 | |
| MAexp7: | 1.7708 | |
| MAexp20: | 1.7724 | |
| MAexp50: | 1.7727 | |
| MAexp100: | 1.7689 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.03% |
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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