NZD/NOK - 1H - Technical analysis published on 05/25/2020 (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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 6.0803 NOK
My targets
6.1289 NOK (+0.0144)
6.1601 NOK (+0.0456)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/NOK as long as the price remains well above 6.0803 NOK. The buyers” bullish objective is set at 6.1289 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.1601 NOK. If there is any crossing, the next objective would be the resistance located at 6.1974 NOK. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/NOK rating is 6.1145 NOK. On the day, this instrument gained +0.44% and was between 6.0929 NOK and 6.1151 NOK. This implies that the price is at +0.35% from its lowest and at -0.01% from its highest.6.0929
6.1151
6.1145
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/NOK:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/NOK indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0588 | 6.0803 | 6.1116 | 6.1145 | 6.1289 | 6.1601 | 6.1974 |
| Change (%) | -0.91% | -0.56% | -0.05% | - | +0.24% | +0.75% | +1.36% |
| Change | -0.0557 | -0.0342 | -0.0029 | - | +0.0144 | +0.0456 | +0.0829 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 5.9804 | 6.0308 | 6.0593 | 6.1097 | 6.1382 | 6.1886 | 6.2171 |
| Camarilla | 6.0661 | 6.0733 | 6.0806 | 6.0878 | 6.0950 | 6.1023 | 6.1095 |
| Woodie | 5.9695 | 6.0253 | 6.0484 | 6.1042 | 6.1273 | 6.1831 | 6.2062 |
| Fibonacci | 6.0308 | 6.0609 | 6.0796 | 6.1097 | 6.1398 | 6.1585 | 6.1886 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9167 | 5.9799 | 6.0338 | 6.0970 | 6.1509 | 6.2141 | 6.2680 |
| Camarilla | 6.0556 | 6.0663 | 6.0771 | 6.0878 | 6.0985 | 6.1093 | 6.1200 |
| Woodie | 5.9122 | 5.9776 | 6.0293 | 6.0947 | 6.1464 | 6.2118 | 6.2635 |
| Fibonacci | 5.9799 | 6.0246 | 6.0522 | 6.0970 | 6.1417 | 6.1693 | 6.2141 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6711 | 5.8665 | 6.0709 | 6.2663 | 6.4707 | 6.6661 | 6.8705 |
| Camarilla | 6.1654 | 6.2020 | 6.2387 | 6.2753 | 6.3120 | 6.3486 | 6.3853 |
| Woodie | 5.6756 | 5.8688 | 6.0754 | 6.2686 | 6.4752 | 6.6684 | 6.8750 |
| Fibonacci | 5.8665 | 6.0192 | 6.1136 | 6.2663 | 6.4190 | 6.5134 | 6.6661 |
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): | 49.14 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.2503 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.1042 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0915 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 6.1377 | |
| Zig ZAG (10): | 6.1061 | |
| VORTEX (21): | 0.9959 | |
| Stochastique (14,3,5): | 72.59 | |
| TEMA (21): | 6.1040 | |
| Williams %R (14): | -18.52 | |
| Chande Momentum Oscillator (20): | 0.0058 | |
| Repulse (5,40,3): | 0.0969 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.23 |
| MA7: | 6.0812 | |
| MA20: | 6.1748 | |
| MA50: | 6.2502 | |
| MA100: | 6.0959 | |
| MAexp7: | 6.1054 | |
| MAexp20: | 6.1042 | |
| MAexp50: | 6.1013 | |
| MAexp100: | 6.0980 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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