NZD/NOK - 1H - Technical analysis published on 11/26/2019 (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 bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 5.8734 NOK
My targets
5.8916 NOK (+0.07%)
5.9064 NOK (+0.32%)
My analysis
NZD/NOK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.8734 NOK. The next resistance located at 5.8916 NOK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.9064 NOK. After this resistance, buyers could then target 5.9487 NOK. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.5
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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 5.8873 NOK. The price is lower by -0.07% since the last closing and was traded between 5.8710 NOK and 5.8976 NOK over the period. The price is currently at +0.28% from its lowest and -0.17% from its highest.5.8710
5.8976
5.8873
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
Here is a more detailed summary of the historical variations registered by NZD/NOK:
Technical
Technical analysis of NZD/NOK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 5.8447 | 5.8608 | 5.8734 | 5.8873 | 5.8916 | 5.9064 | 5.9487 |
| Change (%) | -0.72% | -0.45% | -0.24% | - | +0.07% | +0.32% | +1.04% |
| Change | -0.0426 | -0.0265 | -0.0139 | - | +0.0043 | +0.0191 | +0.0614 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | 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 | 5.8278 | 5.8444 | 5.8678 | 5.8844 | 5.9078 | 5.9244 | 5.9478 |
| Camarilla | 5.8803 | 5.8840 | 5.8876 | 5.8913 | 5.8950 | 5.8986 | 5.9023 |
| Woodie | 5.8313 | 5.8461 | 5.8713 | 5.8861 | 5.9113 | 5.9261 | 5.9513 |
| Fibonacci | 5.8444 | 5.8597 | 5.8691 | 5.8844 | 5.8997 | 5.9091 | 5.9244 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7158 | 5.7609 | 5.8161 | 5.8612 | 5.9164 | 5.9615 | 6.0167 |
| Camarilla | 5.8436 | 5.8528 | 5.8620 | 5.8712 | 5.8804 | 5.8896 | 5.8988 |
| Woodie | 5.7208 | 5.7634 | 5.8211 | 5.8637 | 5.9214 | 5.9640 | 6.0217 |
| Fibonacci | 5.7609 | 5.7993 | 5.8229 | 5.8612 | 5.8996 | 5.9232 | 5.9615 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.07 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -1.9234 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 5.8865 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8724 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 5.8696 | |
| Zig ZAG (10): | 5.8892 | |
| VORTEX (21): | 0.9990 | |
| Stochastique (14,3,5): | 54.14 | |
| TEMA (21): | 5.8847 | |
| Williams %R (14): | -34.21 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | 0.0836 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.8663 | |
| MA20: | 5.8484 | |
| MA50: | 5.7954 | |
| MA100: | 5.7778 | |
| MAexp7: | 5.8855 | |
| MAexp20: | 5.8848 | |
| MAexp50: | 5.8802 | |
| MAexp100: | 5.8725 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +1.90% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.25% |
This member declared not having a position on this financial instrument or a related financial instrument.
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