NZD/NOK - 1H - Technical analysis published on 02/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 5.9453 NOK
My targets
5.9787 NOK (+0.0159)
5.9864 NOK (+0.0236)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NZD/NOK as long as the price remains well above 5.9453 NOK. The buyers” bullish objective is set at 5.9787 NOK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9864 NOK. If there is any crossing, the next objective would be the resistance located at 5.9958 NOK. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.2
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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 5.9628 NOK. On the day, this instrument gained +0.04% and was traded between 5.9519 NOK and 5.9678 NOK over the period. The price is currently at +0.18% from its lowest and -0.08% from its highest.5.9519
5.9678
5.9628
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/NOK indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9106 | 5.9306 | 5.9453 | 5.9628 | 5.9655 | 5.9787 | 5.9864 |
| Change (%) | -0.88% | -0.54% | -0.29% | - | +0.05% | +0.27% | +0.40% |
| Change | -0.0522 | -0.0322 | -0.0175 | - | +0.0027 | +0.0159 | +0.0236 |
| Level | Major | Minor | Intermediate | - | Major | Major | 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 | 5.9118 | 5.9319 | 5.9462 | 5.9663 | 5.9806 | 6.0007 | 6.0150 |
| Camarilla | 5.9510 | 5.9542 | 5.9574 | 5.9605 | 5.9637 | 5.9668 | 5.9700 |
| Woodie | 5.9089 | 5.9305 | 5.9433 | 5.9649 | 5.9777 | 5.9993 | 6.0121 |
| Fibonacci | 5.9319 | 5.9450 | 5.9532 | 5.9663 | 5.9794 | 5.9876 | 6.0007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8573 | 5.8967 | 5.9252 | 5.9646 | 5.9931 | 6.0325 | 6.0610 |
| Camarilla | 5.9349 | 5.9412 | 5.9474 | 5.9536 | 5.9598 | 5.9661 | 5.9723 |
| Woodie | 5.8518 | 5.8940 | 5.9197 | 5.9619 | 5.9876 | 6.0298 | 6.0555 |
| Fibonacci | 5.8967 | 5.9227 | 5.9387 | 5.9646 | 5.9906 | 6.0066 | 6.0325 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6909 | 5.7656 | 5.8563 | 5.9310 | 6.0217 | 6.0964 | 6.1871 |
| Camarilla | 5.9015 | 5.9167 | 5.9318 | 5.9470 | 5.9622 | 5.9773 | 5.9925 |
| Woodie | 5.6989 | 5.7696 | 5.8643 | 5.9350 | 6.0297 | 6.1004 | 6.1951 |
| Fibonacci | 5.7656 | 5.8288 | 5.8678 | 5.9310 | 5.9942 | 6.0332 | 6.0964 |
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): | 51.12 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | 0.5410 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 5.9597 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9519 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 5.9506 | |
| Zig ZAG (10): | 5.9620 | |
| VORTEX (21): | 0.9910 | |
| Stochastique (14,3,5): | 51.94 | |
| TEMA (21): | 5.9572 | |
| Williams %R (14): | -28.19 | |
| Chande Momentum Oscillator (20): | 0.0092 | |
| Repulse (5,40,3): | 0.1452 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.16 |
| MA7: | 5.9494 | |
| MA20: | 5.9553 | |
| MA50: | 5.9331 | |
| MA100: | 5.8857 | |
| MAexp7: | 5.9603 | |
| MAexp20: | 5.9616 | |
| MAexp50: | 5.9605 | |
| MAexp100: | 5.9568 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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