NZD/NOK - 1H - Technical analysis published on 11/08/2019 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 5.8165 NOK
My targets
5.7841 NOK (-0.22%)
5.7540 NOK (-0.73%)
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 5.8165 NOK. The next support located at 5.7841 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 5.7540 NOK. Below this support, sellers could then target 5.6491 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.1
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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 5.7966 NOK. The price is lower by -0.16% since the last closing and was between 5.7859 NOK and 5.8146 NOK. This implies that the price is at +0.18% from its lowest and at -0.31% from its highest.5.7859
5.8146
5.7966
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NZD/NOK chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.6491 | 5.7540 | 5.7841 | 5.7966 | 5.8165 | 5.8447 | 5.8736 |
| Change (%) | -2.54% | -0.73% | -0.22% | - | +0.34% | +0.83% | +1.33% |
| Change | -0.1475 | -0.0426 | -0.0125 | - | +0.0199 | +0.0481 | +0.0770 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 5.7275 | 5.7558 | 5.7809 | 5.8092 | 5.8343 | 5.8626 | 5.8877 |
| Camarilla | 5.7913 | 5.7962 | 5.8011 | 5.8060 | 5.8109 | 5.8158 | 5.8207 |
| Woodie | 5.7259 | 5.7550 | 5.7793 | 5.8084 | 5.8327 | 5.8618 | 5.8861 |
| Fibonacci | 5.7558 | 5.7762 | 5.7888 | 5.8092 | 5.8296 | 5.8422 | 5.8626 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7209 | 5.7749 | 5.8083 | 5.8623 | 5.8957 | 5.9497 | 5.9831 |
| Camarilla | 5.8177 | 5.8257 | 5.8337 | 5.8417 | 5.8497 | 5.8577 | 5.8657 |
| Woodie | 5.7106 | 5.7698 | 5.7980 | 5.8572 | 5.8854 | 5.9446 | 5.9728 |
| Fibonacci | 5.7749 | 5.8083 | 5.8289 | 5.8623 | 5.8957 | 5.9163 | 5.9497 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4873 | 5.5772 | 5.7366 | 5.8265 | 5.9859 | 6.0758 | 6.2352 |
| Camarilla | 5.8275 | 5.8504 | 5.8733 | 5.8961 | 5.9190 | 5.9418 | 5.9647 |
| Woodie | 5.5222 | 5.5946 | 5.7715 | 5.8439 | 6.0208 | 6.0932 | 6.2701 |
| Fibonacci | 5.5772 | 5.6724 | 5.7312 | 5.8265 | 5.9217 | 5.9805 | 6.0758 |
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): | 42.55 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -8.6926 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 5.7975 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8101 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 5.8166 | |
| Zig ZAG (10): | 5.7995 | |
| VORTEX (21): | 1.0195 | |
| Stochastique (14,3,5): | 40.48 | |
| TEMA (21): | 5.7983 | |
| Williams %R (14): | -69.85 | |
| Chande Momentum Oscillator (20): | -0.0125 | |
| Repulse (5,40,3): | -0.0971 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0091 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.8418 | |
| MA20: | 5.8345 | |
| MA50: | 5.7679 | |
| MA100: | 5.7600 | |
| MAexp7: | 5.7985 | |
| MAexp20: | 5.8023 | |
| MAexp50: | 5.8136 | |
| MAexp100: | 5.8288 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
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