NZD/NOK - 15 min. - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.9910 NOK
My targets
6.0076 NOK (+0.0068)
6.0219 NOK (+0.0211)
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 5.9910 NOK. The next resistance located at 6.0076 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 6.0219 NOK. After this resistance, buyers could then target 6.0385 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/NOK price is 6.0008 NOK. On the day, this instrument gained +0.12% and was between 5.9788 NOK and 6.0037 NOK. This implies that the price is at +0.37% from its lowest and at -0.05% from its highest.5.9788
6.0037
6.0008
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NZD/NOK chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 5.9644 | 5.9787 | 5.9973 | 6.0008 | 6.0134 | 6.0935 | 6.2153 |
| Change (%) | -0.61% | -0.37% | -0.06% | - | +0.21% | +1.54% | +3.57% |
| Change | -0.0364 | -0.0221 | -0.0035 | - | +0.0126 | +0.0927 | +0.2145 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 5.9458 | 5.9601 | 5.9767 | 5.9910 | 6.0076 | 6.0219 | 6.0385 |
| Camarilla | 5.9849 | 5.9877 | 5.9906 | 5.9934 | 5.9962 | 5.9991 | 6.0019 |
| Woodie | 5.9471 | 5.9607 | 5.9780 | 5.9916 | 6.0089 | 6.0225 | 6.0398 |
| Fibonacci | 5.9601 | 5.9719 | 5.9792 | 5.9910 | 6.0028 | 6.0101 | 6.0219 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8387 | 5.8777 | 5.9355 | 5.9745 | 6.0323 | 6.0713 | 6.1291 |
| Camarilla | 5.9668 | 5.9757 | 5.9845 | 5.9934 | 6.0023 | 6.0112 | 6.0200 |
| Woodie | 5.8482 | 5.8824 | 5.9450 | 5.9792 | 6.0418 | 6.0760 | 6.1386 |
| Fibonacci | 5.8777 | 5.9146 | 5.9375 | 5.9745 | 6.0114 | 6.0343 | 6.0713 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6605 | 5.7154 | 5.8177 | 5.8726 | 5.9749 | 6.0298 | 6.1321 |
| Camarilla | 5.8767 | 5.8911 | 5.9055 | 5.9199 | 5.9343 | 5.9487 | 5.9631 |
| Woodie | 5.6841 | 5.7273 | 5.8413 | 5.8845 | 5.9985 | 6.0417 | 6.1557 |
| Fibonacci | 5.7154 | 5.7755 | 5.8126 | 5.8726 | 5.9327 | 5.9698 | 6.0298 |
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): | 61.52 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 10.7691 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.9967 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9888 | |
| Elder Ray (13): | 0.0045 | |
| Super Trend (3,10): | 5.9843 | |
| Zig ZAG (10): | 6.0008 | |
| VORTEX (21): | 1.0699 | |
| Stochastique (14,3,5): | 92.56 | |
| TEMA (21): | 5.9997 | |
| Williams %R (14): | -7.02 | |
| Chande Momentum Oscillator (20): | 0.0143 | |
| Repulse (5,40,3): | 0.0907 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.18 |
| MA7: | 5.9772 | |
| MA20: | 5.9016 | |
| MA50: | 5.8443 | |
| MA100: | 5.7962 | |
| MAexp7: | 5.9979 | |
| MAexp20: | 5.9940 | |
| MAexp50: | 5.9916 | |
| MAexp100: | 5.9908 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +2.68% | |
| Price / MA100: | +3.53% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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