NZD/NOK - 1H - Technical analysis published on 01/16/2020 (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:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.8788 NOK
My targets
5.9039 NOK (+0.0081)
5.9107 NOK (+0.0149)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/NOK as long as the price remains well above 5.8788 NOK. The buyers” bullish objective is set at 5.9039 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9107 NOK. If there is any crossing, the next objective would be the resistance located at 5.9419 NOK.
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
6.3
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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 rating is 5.8958 NOK. On the day, this instrument gained +0.55% and was between 5.8602 NOK and 5.8963 NOK. This implies that the price is at +0.61% from its lowest and at -0.01% from its highest.5.8602
5.8963
5.8958
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8722 | 5.8788 | 5.8921 | 5.8958 | 5.9039 | 5.9107 | 5.9419 |
| Change (%) | -0.40% | -0.29% | -0.06% | - | +0.14% | +0.25% | +0.78% |
| Change | -0.0236 | -0.0170 | -0.0037 | - | +0.0081 | +0.0149 | +0.0461 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8077 | 5.8249 | 5.8442 | 5.8614 | 5.8807 | 5.8979 | 5.9172 |
| Camarilla | 5.8535 | 5.8568 | 5.8602 | 5.8635 | 5.8669 | 5.8702 | 5.8735 |
| Woodie | 5.8088 | 5.8254 | 5.8453 | 5.8619 | 5.8818 | 5.8984 | 5.9183 |
| Fibonacci | 5.8249 | 5.8388 | 5.8475 | 5.8614 | 5.8753 | 5.8840 | 5.8979 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7932 | 5.8168 | 5.8573 | 5.8809 | 5.9214 | 5.9450 | 5.9855 |
| Camarilla | 5.8803 | 5.8862 | 5.8920 | 5.8979 | 5.9038 | 5.9097 | 5.9155 |
| Woodie | 5.8018 | 5.8210 | 5.8659 | 5.8851 | 5.9300 | 5.9492 | 5.9941 |
| Fibonacci | 5.8168 | 5.8413 | 5.8564 | 5.8809 | 5.9054 | 5.9205 | 5.9450 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7294 | 5.8113 | 5.8563 | 5.9382 | 5.9832 | 6.0651 | 6.1101 |
| Camarilla | 5.8663 | 5.8779 | 5.8896 | 5.9012 | 5.9128 | 5.9245 | 5.9361 |
| Woodie | 5.7109 | 5.8021 | 5.8378 | 5.9290 | 5.9647 | 6.0559 | 6.0916 |
| Fibonacci | 5.8113 | 5.8598 | 5.8898 | 5.9382 | 5.9867 | 6.0167 | 6.0651 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.55 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 12.4133 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 5.8768 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8661 | |
| Elder Ray (13): | 0.0101 | |
| Super Trend (3,10): | 5.8658 | |
| Zig ZAG (10): | 5.8927 | |
| VORTEX (21): | 1.2753 | |
| Stochastique (14,3,5): | 91.17 | |
| TEMA (21): | 5.8862 | |
| Williams %R (14): | -6.32 | |
| Chande Momentum Oscillator (20): | 0.0238 | |
| Repulse (5,40,3): | 0.2119 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.79 |
| MA7: | 5.8822 | |
| MA20: | 5.8993 | |
| MA50: | 5.9055 | |
| MA100: | 5.8361 | |
| MAexp7: | 5.8830 | |
| MAexp20: | 5.8731 | |
| MAexp50: | 5.8732 | |
| MAexp100: | 5.8771 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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