NZD/NOK

- NOK (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDNOK
ISIN:

NZD/NOK - Daily - Technical analysis published on 06/18/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

67%

11%

22%

My opinion

Bullish above 5.9787 NOK

My targets

6.0668 NOK (+0.0421)

6.1494 NOK (+0.1247)

My analysis

The strong short-term increase of NZD/NOK should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 5.9787 NOK, a purchase could be considered. The first bullish objective is located at 6.0668 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 6.1494 NOK. If there is any crossing, the next objective would be the resistance at 6.2296 NOK. Caution, if there is a return under 5.9787 NOK, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.2

Comment on the analysis

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:

Additional analysis

Quotes

The NZD/NOK rating is 6.0247 NOK. The price registered an increase of +0.53% on the session and was traded between 5.9601 NOK and 6.0340 NOK over the period. The price is currently at +1.08% from its lowest and -0.15% from its highest.

5.9601

6.0340

6.0247

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of NZD/NOK in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish 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 technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.5966	5.7997	5.9787	6.0247	6.0668	6.1494	6.2296
Change (%)	-7.11%	-3.73%	-0.76%	-	+0.70%	+2.07%	+3.40%
Change	-0.4281	-0.2250	-0.0460	-	+0.0421	+0.1247	+0.2049
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.8912	5.9251	5.9590	5.9929	6.0268	6.0607	6.0946
Camarilla	5.9742	5.9804	5.9866	5.9928	5.9990	6.0052	6.0115
Woodie	5.8911	5.9251	5.9589	5.9929	6.0267	6.0607	6.0945
Fibonacci	5.9251	5.9510	5.9670	5.9929	6.0188	6.0348	6.0607

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.8405	5.8845	5.9158	5.9598	5.9911	6.0351	6.0664
Camarilla	5.9265	5.9334	5.9403	5.9472	5.9541	5.9610	5.9679
Woodie	5.8343	5.8813	5.9096	5.9566	5.9849	6.0319	6.0602
Fibonacci	5.8845	5.9132	5.9310	5.9598	5.9885	6.0063	6.0351

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.7541	5.8394	5.9430	6.0283	6.1319	6.2172	6.3208
Camarilla	5.9946	6.0119	6.0292	6.0465	6.0638	6.0811	6.0985
Woodie	5.7632	5.8440	5.9521	6.0329	6.1410	6.2218	6.3299
Fibonacci	5.8394	5.9116	5.9562	6.0283	6.1005	6.1451	6.2172

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):	56.71
MACD (12,26,9):	-0.0059
Directional Movement:	5.8294
AROON (14):	-78.5714
DEMA (21):	5.9764
Parabolic SAR (0,02-0,02-0,2):	5.9227
Elder Ray (13):	0.0162
Super Trend (3,10):	6.0699
Zig ZAG (10):	6.0292
VORTEX (21):	1.0079
Stochastique (14,3,5):	53.81
TEMA (21):	5.9740
Williams %R (14):	-21.18
Chande Momentum Oscillator (20):	0.0187
Repulse (5,40,3):	1.2374
ROCnROLL:	1
TRIX (15,9):	-0.0167
Courbe Coppock:	2.15

MA7:	5.9665
MA20:	5.9964
MA50:	5.9862
MA100:	6.0419
MAexp7:	5.9819
MAexp20:	5.9828
MAexp50:	5.9979
MAexp100:	6.0302
Price / MA7:	+0.98%
Price / MA20:	+0.47%
Price / MA50:	+0.64%
Price / MA100:	-0.28%
Price / MAexp7:	+0.72%
Price / MAexp20:	+0.70%
Price / MAexp50:	+0.45%
Price / MAexp100:	-0.09%

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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