NZD/NOK - 1H - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 5.8165 NOK and 5.8447 NOK
My targets
-
My analysis
The strong short-term decrease on NZD/NOK is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 5.8165 NOK, you could take advantage of the short-term boom. The first bearish objective would be 5.8165 NOK. Then the price could move towards 5.7975 NOK. Then 5.7701 NOK by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 5.8447 NOK could be a sign of a recovery in the basic bullish trend.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 5.8355 NOK. The price is lower by -0.26% since the last closing with the lowest point at 5.8355 NOK and the highest point at 5.8693 NOK. The deviation from the price is 0% for the low point and -0.58% for the high point.5.8355
5.8693
5.8355
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/NOK chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.7701 | 5.7975 | 5.8165 | 5.8355 | 5.8447 | 5.8634 | 5.8999 |
| Change (%) | -1.12% | -0.65% | -0.33% | - | +0.16% | +0.48% | +1.10% |
| Change | -0.0654 | -0.0380 | -0.0190 | - | +0.0092 | +0.0279 | +0.0644 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8066 | 5.8205 | 5.8357 | 5.8496 | 5.8648 | 5.8787 | 5.8939 |
| Camarilla | 5.8428 | 5.8455 | 5.8481 | 5.8508 | 5.8535 | 5.8561 | 5.8588 |
| Woodie | 5.8072 | 5.8208 | 5.8363 | 5.8499 | 5.8654 | 5.8790 | 5.8945 |
| Fibonacci | 5.8205 | 5.8317 | 5.8385 | 5.8496 | 5.8608 | 5.8676 | 5.8787 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6192 | 5.6707 | 5.7607 | 5.8122 | 5.9022 | 5.9537 | 6.0437 |
| Camarilla | 5.8119 | 5.8249 | 5.8378 | 5.8508 | 5.8638 | 5.8767 | 5.8897 |
| Woodie | 5.6386 | 5.6803 | 5.7801 | 5.8218 | 5.9216 | 5.9633 | 6.0631 |
| Fibonacci | 5.6707 | 5.7247 | 5.7581 | 5.8122 | 5.8662 | 5.8996 | 5.9537 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4158 | 5.5095 | 5.6038 | 5.6975 | 5.7918 | 5.8855 | 5.9798 |
| Camarilla | 5.6464 | 5.6636 | 5.6809 | 5.6981 | 5.7153 | 5.7326 | 5.7498 |
| Woodie | 5.4161 | 5.5097 | 5.6041 | 5.6977 | 5.7921 | 5.8857 | 5.9801 |
| Fibonacci | 5.5095 | 5.5813 | 5.6257 | 5.6975 | 5.7693 | 5.8137 | 5.8855 |
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): | 42.46 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | -2.5219 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 5.8553 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8682 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 5.8335 | |
| Zig ZAG (10): | 5.8420 | |
| VORTEX (21): | 0.9676 | |
| Stochastique (14,3,5): | 22.65 | |
| TEMA (21): | 5.8470 | |
| Williams %R (14): | -88.82 | |
| Chande Momentum Oscillator (20): | -0.0106 | |
| Repulse (5,40,3): | -0.2144 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.03 |
| MA7: | 5.7911 | |
| MA20: | 5.7500 | |
| MA50: | 5.7401 | |
| MA100: | 5.7388 | |
| MAexp7: | 5.8470 | |
| MAexp20: | 5.8493 | |
| MAexp50: | 5.8361 | |
| MAexp100: | 5.8130 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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