NZD/NOK - 1H - Technical analysis published on 04/12/2022 (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
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.0073 NOK
My targets
6.0411 NOK (+0.0136)
6.0791 NOK (+0.0516)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/NOK as long as the price remains well above 6.0073 NOK. The buyers' bullish objective is set at 6.0411 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.0791 NOK. If there is any crossing, the next objective would be the resistance located at 6.1069 NOK.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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 price is 6.0275 NOK. On the day, this instrument gained +0.19% and was between 6.0071 NOK and 6.0350 NOK. This implies that the price is at +0.34% from its lowest and at -0.12% from its highest.6.0071
6.0350
6.0275
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/NOK in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 5.9170 | 5.9787 | 6.0073 | 6.0275 | 6.0411 | 6.0791 | 6.1069 |
| Change (%) | -1.83% | -0.81% | -0.34% | - | +0.23% | +0.86% | +1.32% |
| Change | -0.1105 | -0.0488 | -0.0202 | - | +0.0136 | +0.0516 | +0.0794 |
| Level | Major | Major | Intermediate | - | Major | 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 | 5.8552 | 5.8933 | 5.9547 | 5.9928 | 6.0542 | 6.0923 | 6.1537 |
| Camarilla | 5.9888 | 5.9980 | 6.0071 | 6.0162 | 6.0253 | 6.0344 | 6.0436 |
| Woodie | 5.8670 | 5.8991 | 5.9665 | 5.9986 | 6.0660 | 6.0981 | 6.1655 |
| Fibonacci | 5.8933 | 5.9313 | 5.9548 | 5.9928 | 6.0308 | 6.0543 | 6.0923 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7012 | 5.8225 | 5.8883 | 6.0096 | 6.0754 | 6.1967 | 6.2625 |
| Camarilla | 5.9028 | 5.9199 | 5.9371 | 5.9542 | 5.9714 | 5.9885 | 6.0057 |
| Woodie | 5.6736 | 5.8086 | 5.8607 | 5.9957 | 6.0478 | 6.1828 | 6.2349 |
| Fibonacci | 5.8225 | 5.8939 | 5.9381 | 6.0096 | 6.0810 | 6.1252 | 6.1967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6388 | 5.7898 | 5.9397 | 6.0907 | 6.2406 | 6.3916 | 6.5415 |
| Camarilla | 6.0068 | 6.0343 | 6.0619 | 6.0895 | 6.1171 | 6.1447 | 6.1723 |
| Woodie | 5.6382 | 5.7895 | 5.9391 | 6.0904 | 6.2400 | 6.3913 | 6.5409 |
| Fibonacci | 5.7898 | 5.9048 | 5.9758 | 6.0907 | 6.2057 | 6.2767 | 6.3916 |
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): | 58.67 | |
| MACD (12,26,9): | 0.0088 | |
| Directional Movement: | 13.6977 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 6.0240 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0077 | |
| Elder Ray (13): | 0.0081 | |
| Super Trend (3,10): | 5.9878 | |
| Zig ZAG (10): | 6.0244 | |
| VORTEX (21): | 1.1604 | |
| Stochastique (14,3,5): | 73.61 | |
| TEMA (21): | 6.0327 | |
| Williams %R (14): | -30.98 | |
| Chande Momentum Oscillator (20): | 0.0094 | |
| Repulse (5,40,3): | 0.1041 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0246 | |
| Courbe Coppock: | 0.43 |
| MA7: | 6.0422 | |
| MA20: | 6.0406 | |
| MA50: | 6.0085 | |
| MA100: | 6.0225 | |
| MAexp7: | 6.0223 | |
| MAexp20: | 6.0123 | |
| MAexp50: | 6.0089 | |
| MAexp100: | 6.0210 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +0.32% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.11% |
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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