NZD/NOK - 1H - Technical analysis published on 07/30/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 6.1494 NOK
My targets
6.1183 NOK (-0.0221)
6.0442 NOK (-0.0962)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.1494 NOK remains possible. It is advisable to trade NZD/NOK with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.1494 NOK. The next bearish objective for sellers is set at 6.1183 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.0442 NOK. In case of crossing, the next objective would be the support located at 5.9834 NOK. PS: if there is a bullish break in the resistance located at 6.1494 NOK we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.4
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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
NZD/NOK rating 6.1404 NOK. The price registered an increase of +0.29% on the session and was traded between 6.1162 NOK and 6.1417 NOK over the period. The price is currently at +0.40% from its lowest and -0.02% from its highest.6.1162
6.1417
6.1404
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 this 1H chart of NZD/NOK indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0442 | 6.1183 | 6.1365 | 6.1404 | 6.1494 | 6.1954 | 6.2412 |
| Change (%) | -1.57% | -0.36% | -0.06% | - | +0.15% | +0.90% | +1.64% |
| Change | -0.0962 | -0.0221 | -0.0039 | - | +0.0090 | +0.0550 | +0.1008 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0834 | 6.0968 | 6.1097 | 6.1231 | 6.1360 | 6.1494 | 6.1623 |
| Camarilla | 6.1153 | 6.1177 | 6.1201 | 6.1225 | 6.1249 | 6.1273 | 6.1297 |
| Woodie | 6.0831 | 6.0967 | 6.1094 | 6.1230 | 6.1357 | 6.1493 | 6.1620 |
| Fibonacci | 6.0968 | 6.1069 | 6.1131 | 6.1231 | 6.1332 | 6.1394 | 6.1494 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9624 | 6.0403 | 6.1135 | 6.1914 | 6.2646 | 6.3425 | 6.4157 |
| Camarilla | 6.1451 | 6.1589 | 6.1728 | 6.1866 | 6.2005 | 6.2143 | 6.2282 |
| Woodie | 5.9600 | 6.0391 | 6.1111 | 6.1902 | 6.2622 | 6.3413 | 6.4133 |
| Fibonacci | 6.0403 | 6.0981 | 6.1337 | 6.1914 | 6.2492 | 6.2848 | 6.3425 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8025 | 5.8616 | 5.9420 | 6.0011 | 6.0815 | 6.1406 | 6.2210 |
| Camarilla | 5.9841 | 5.9969 | 6.0097 | 6.0225 | 6.0353 | 6.0481 | 6.0609 |
| Woodie | 5.8133 | 5.8669 | 5.9528 | 6.0064 | 6.0923 | 6.1459 | 6.2318 |
| Fibonacci | 5.8616 | 5.9149 | 5.9478 | 6.0011 | 6.0544 | 6.0873 | 6.1406 |
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): | 47.39 | |
| MACD (12,26,9): | -0.0087 | |
| Directional Movement: | -6.2241 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 6.1178 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1152 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 6.1553 | |
| Zig ZAG (10): | 6.1267 | |
| VORTEX (21): | 0.8660 | |
| Stochastique (14,3,5): | 46.48 | |
| TEMA (21): | 6.1154 | |
| Williams %R (14): | -73.61 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.1094 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0276 | |
| Courbe Coppock: | 0.29 |
| MA7: | 6.1638 | |
| MA20: | 6.1395 | |
| MA50: | 6.0552 | |
| MA100: | 6.0262 | |
| MAexp7: | 6.1229 | |
| MAexp20: | 6.1311 | |
| MAexp50: | 6.1477 | |
| MAexp100: | 6.1614 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +1.90% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.34% |
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.
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