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 03/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 6.4443 NOK

My targets

6.4267 NOK (-0.0096)

6.4100 NOK (-0.0263)

My analysis

NZD/NOK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6.4443 NOK. The next support located at 6.4267 NOK is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.4100 NOK. Below this support, sellers could then target 6.3361 NOK. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/NOK rating 6.4363 NOK. On the day, this instrument lost -0.01% and was traded between 6.4303 NOK and 6.4436 NOK over the period. The price is currently at +0.09% from its lowest and -0.11% from its highest.

6.4303

6.4436

6.4363

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/NOK in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.4100	6.4267	6.4360	6.4363	6.4443	6.4559	6.4708
Change (%)	-0.41%	-0.15%	+0.00%	-	+0.12%	+0.30%	+0.54%
Change	-0.0263	-0.0096	-0.0003	-	+0.0080	+0.0196	+0.0345
Level	Major	Major	Intermediate	-	Intermediate	Minor	Intermediate

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	6.3782	6.4073	6.4220	6.4511	6.4658	6.4949	6.5096
Camarilla	6.4246	6.4286	6.4326	6.4366	6.4406	6.4446	6.4487
Woodie	6.3709	6.4037	6.4147	6.4475	6.4585	6.4913	6.5023
Fibonacci	6.4073	6.4241	6.4344	6.4511	6.4679	6.4782	6.4949

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.3801	6.4048	6.4358	6.4605	6.4915	6.5162	6.5472
Camarilla	6.4514	6.4565	6.4616	6.4667	6.4718	6.4769	6.4820
Woodie	6.3832	6.4064	6.4389	6.4621	6.4946	6.5178	6.5503
Fibonacci	6.4048	6.4261	6.4393	6.4605	6.4818	6.4950	6.5162

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.2388	6.3123	6.3897	6.4632	6.5406	6.6141	6.6915
Camarilla	6.4255	6.4393	6.4532	6.4670	6.4808	6.4947	6.5085
Woodie	6.2407	6.3133	6.3916	6.4642	6.5425	6.6151	6.6934
Fibonacci	6.3123	6.3700	6.4056	6.4632	6.5209	6.5565	6.6141

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):	34.75
MACD (12,26,9):	-0.0074
Directional Movement:	-6.7132
AROON (14):	-78.5714
DEMA (21):	6.4378
Parabolic SAR (0,02-0,02-0,2):	6.4493
Elder Ray (13):	-0.0028
Super Trend (3,10):	6.4624
Zig ZAG (10):	6.4382
VORTEX (21):	0.8712
Stochastique (14,3,5):	22.89
TEMA (21):	6.4337
Williams %R (14):	-68.75
Chande Momentum Oscillator (20):	-0.0066
Repulse (5,40,3):	-0.0669
ROCnROLL:	2
TRIX (15,9):	-0.0161
Courbe Coppock:	0.60

MA7:	6.4596
MA20:	6.4605
MA50:	6.4428
MA100:	6.4901
MAexp7:	6.4398
MAexp20:	6.4474
MAexp50:	6.4558
MAexp100:	6.4580
Price / MA7:	-0.36%
Price / MA20:	-0.37%
Price / MA50:	-0.10%
Price / MA100:	-0.83%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.17%
Price / MAexp50:	-0.30%
Price / MAexp100:	-0.34%

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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