NZD/NOK
NZD NOK
- NOK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDNOK
ISIN:

NZD/NOK - 1H - Technical analysis published on 04/22/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 6.3731 NOK
My targets
6.4658 NOK (+0.0557)
6.7049 NOK (+0.2948)
My analysis
The bullish trend is currently very strong on NZD/NOK. As long as the price remains above the support at 6.3731 NOK, you could try to benefit from the boom. The first bullish objective is located at 6.4658 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.7049 NOK as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
7.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/NOK price is 6.4101 NOK. On the day, this instrument gained +1.42% and was between 6.2993 NOK and 6.4253 NOK. This implies that the price is at +1.76% from its lowest and at -0.24% from its highest.

6.2993
6.4253
6.4101

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of NZD/NOK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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
Price


S3S2S1PriceR1
ProTrendLines 6.2989 6.3316 6.3731 6.4101 6.7049
Change (%) -1.73% -1.22% -0.58% - +4.60%
Change -0.1112 -0.0785 -0.0370 - +0.2948
Level Minor Major Intermediate - Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.17086.22176.27126.32216.37166.42256.4720
Camarilla6.29306.30226.31146.32066.32986.33906.3482
Woodie6.17006.22146.27046.32186.37086.42226.4712
Fibonacci6.22176.26016.28386.32216.36056.38426.4225


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.01586.09766.16586.24766.31586.39766.4658
Camarilla6.19296.20666.22046.23416.24796.26166.2754
Woodie6.00916.09426.15916.24426.30916.39426.4591
Fibonacci6.09766.15496.19036.24766.30496.34036.3976


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.38675.03045.61636.26006.84597.48968.0755
Camarilla5.86405.97676.08946.20216.31486.42756.5402
Woodie4.35775.01605.58736.24566.81697.47528.0465
Fibonacci5.03045.50015.79036.26006.72977.01997.4896

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): 61.11
MACD (12,26,9): 0.0206
Directional Movement: 7.9322
AROON (14): 28.5714
DEMA (21): 6.4204
Parabolic SAR (0,02-0,02-0,2): 6.3921
Elder Ray (13): 0.0109
Super Trend (3,10): 6.3502
Zig ZAG (10): 6.4101
VORTEX (21): 1.1512
Stochastique (14,3,5): 81.79
TEMA (21): 6.4232
Williams %R (14): -20.60
Chande Momentum Oscillator (20): 0.0208
Repulse (5,40,3): -0.0032
ROCnROLL: 1
TRIX (15,9): 0.0508
Courbe Coppock: 1.22
MA7: 6.2981
MA20: 6.2431
MA50: 6.1377
MA100: 6.0359
MAexp7: 6.4099
MAexp20: 6.3928
MAexp50: 6.3559
MAexp100: 6.3226
Price / MA7: +1.78%
Price / MA20: +2.67%
Price / MA50: +4.44%
Price / MA100: +6.20%
Price / MAexp7: +0.00%
Price / MAexp20: +0.27%
Price / MAexp50: +0.85%
Price / MAexp100: +1.38%

This member declared not having a position on this financial instrument or a related financial instrument.

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